Technology
Dropbox acquires AI scheduling tool Reclaim.ai, backed by Index Ventures
Dropbox acquires AI-powered scheduling tool Recover.aiwhose sponsors include Calendly and Index Ventures. This development was it was revealed in a blog post on the Reclaim.ai website on TuesdayDropbox didn’t disclose the terms of the deal.
Reclaim.ai, founded in 2019 by Henry Shapiro and Patrick Lightbody, said the corporate plans to proceed developing its product under latest ownership. The company also said it’s committed to ongoing support for all users. More than 43,000 corporations and greater than 320,000 people use the tool worldwide, based on a blog post.
To date, the startup has raised over $9.5 million in funding from investors including Calendly, Character.vc, Flying Fish, Gradient Ventures, Index Ventures, Operator Partners, Yummy Ventures, in addition to Grafana CEO Raj Dutt and former GitHub CTO Jason Warner.
It focused on using artificial intelligence to assist users higher manage their time and find appointments, tasks, construct personal habits, and take breaks. Its product, which integrates with Google Calendar, also allows users to create various scheduling features, similar to booking links and the power to mechanically book appointments on a schedule that may be optimal for all participants. It competed with other scheduling tools similar to Calendly, Clockwise, and Scribble.
Reclaim.ai had a basic free tier for individual users, combined with plans for small teams that began at $8 per person per thirty days. The company noted that it will not be changing its fees for now.
In a video posted on X, the founders of Reclaim.ai announced that your entire team of twenty-two people will likely be joining Dropbox.
“Dropbox’s mission is to ‘design a more enlightened way to work’ – a goal we’ve shared since Reclaim launched in 2019. By joining forces, we can support that mission and help millions of people make time for what matters, while also exploring new ways AI can help us improve the way we work,” Reclaim.ai also said. written within the post.
Reclaim.ai has up to now only supported integration with Google Calendar, but the corporate said it plans to introduce Outlook support soon.
Productivity corporations are increasingly trying to integrate calendar management and scheduling tools into their solutions. Earlier this yr, Tiger Global and a16z-backed productivity platform ClickUp acquired calendar startup Hypercal, with plans so as to add scheduling features. And in January, Notion introduced its latest Cron-based calendar product, which it acquired in 2022.
Earlier this month, Dropbox reported its second-quarter 2024 results, reporting revenue of $634.5 million, up 1.9% year-over-year, and 18.22 million paying users, up from 18.04 million a yr ago.
Technology
Telegram is reportedly being “flooded” with illegal and extremist activity
AND New York Times Analysis More than 3.2 million Telegram messages from 16,000 channels show that the messaging platform has been “flooded” with illegal and extremist activity.
More specifically, the Times found that there have been 1,500 channels run by white supremacists, two dozen channels selling guns and at the very least 22 channels promoting the sale of MDMA, cocaine, heroin and other drugs.
The company’s founder and CEO, Pavel Durov, was arrested in France last month. Authorities accused Durov of engaging in illegal activity on the platform on account of Telegram’s lack of content moderation.
The platform subsequently updated its website to permit reporting of abuse, and Durov posted on his Telegram channel arguing that “using pre-smartphone era laws to accuse a CEO of crimes committed by third parties on the platform he manages is a flawed approach.”
Technology
For security reasons, we have to stop answering calls
How do you understand the person on the opposite end of the phone call is admittedly who they are saying they’re?
Earlier in July, the Ferrari executive was inundated with a barrage of WhatsApp messages that appeared to be from his boss, the carmaker’s CEO, Benedetto Vigna. However, the Ferrari executive didn’t recognize the number and couldn’t ensure whether it was really his boss.
Suspicious of the avalanche of messages from an unknown number, the Ferrari executive still took a call from someone claiming to be Vigna. Despite the proven fact that the alleged CEO had Vigna’s southern Italian accent, the manager still felt something was flawed, so he asked the caller something only Vigna would know, something the 2 had discussed in person days earlier.
“I’m sorry, Benedetto, but I need to identify you,” the director said. Then the decision abruptly ended, and managed to avoid a potentially colossal fraudas Bloomberg reported earlier this yr.
If you think that the Ferrari CEO is a rare edge case for scammers, reconsider. For so long as there have been telephones, there have been people trying to trick someone into considering they’re another person. Now, as with the Ferrari attack, voice AI tools are enabling scammers to clone someone’s voice and trick victims into considering they’re talking to another person.
All of those attacks involve the phone, or reasonably, receiving a phone call. Once the decision is answered, scammers and swindlers can use tactics designed to pressure you into acting quickly and rashly in a high-stress situation.
You’ve probably heard of a few of these scams before.
Listen, police (or feds) they will not call you to make a grievance that “a warrant has been issued for your arrest” or demand payment to have the warrant canceled. If a warrant has been issued on your arrest, the police won’t leave you a threatening voicemail; they’ll come to your house.
It’s unlikely that your health care provider will call you to demand payment over the phone without first sending you a letter or paper bill. The FBI says health care fraud it will probably affect anyone and it ranges from scammers posing as healthcare staff to false claims that you simply owe an impressive amount on a non-existent account.
And yes, you ought to be wary if someone on the opposite end of a phone call claims to be out of your bank, employer or online technology company, calling you to “verify your personal information” or asking you for a security code sent to your phone.
The alternative is to stop answering the phone. Wait, discover, after which respond.
Some scams are more sophisticated than others, including spoofing phone numbers that appear to be real on caller ID and using AI tools to manipulate an individual’s voice; this is typically referred to as a “deepfake.” Often, the scammer will try to elicit a response or response by posing as an in depth member of the family in need. Even for those who think you understand the person calling you but can’t be completely sure, there could also be a superb reason for it. Trust your instincts, be vigilant.
Take the Ferrari near-crash. During the conversation, the Ferrari executive asked the alleged CEO a matter that only the actual boss would know, the title of a book they’d discussed a number of days earlier. On a smaller scale, some friends and families have agreed on protected words or phrases they’ll use in case they need to prove it was really them. (Taking it a step further, using an alternate phrase only when the victim is speaking under duress will help alert others to the damaging situation.)
If someone calls you out of the blue to ask on your information, how do you understand the person calling you is definitely legitimate? You can only depend on the caller’s phone number, and you could not recognize the numbers.
If your bank says it is looking you, call the number in your bank card to check.
If an organization or organization you recognize calls you and asks for information that makes you suspicious, hang up, go to the organization’s website or official app, and call them back directly. Don’t just depend on looking for a phone number on Google, as scammers can trick search engines like google and yahoo to display fake customer support phone numbers utilized by scammers.
If you receive a call saying that somebody has logged into one in all your online accounts, go to your online account website or app and check it yourself before taking further motion. Most corporations, akin to Google or Facebook, don’t call you, but depend on their official customer support portals.
Be like that Ferrari executive. Take a moment to breathe and think, and take control of the situation. And the following time your phone notifies you of an incoming call, perhaps just let it go to voicemail.
Technology
Byju’s second auditor to leave next year amid bankruptcy proceedings
BDO, the auditor of Indian edtech startup Byju’s, has resigned with immediate effect, the second departure of an auditor from the struggling company in a couple of year, further raising concerns about its financial health and governance.
In a devastating resignation letter, MSKA, a subsidiary of BDO, highlighted various issues with Byju’s, including significant delays in financial reporting, inadequate management support and concerns over the corporate’s ability to get better significant dues from the Dubai-based entity.
The auditor’s decision to withdraw its investment comes at a time when Byju’s, once India’s most beneficial startup at $22 billion, has been grappling with a series of crises, including the Supreme Court’s recent decision to reopen bankruptcy proceedings against the startup.
Deloitte, Byju’s previous auditor, and key members of the startup’s board resigned last year, citing governance issues at the corporate.
MSKA, appointed in August 2023 for a five-year term, stated in her resignation letter: “The Company’s management did not provide us with sufficient support in providing the accounting records, information and explanations we requested, as well as sufficient and appropriate audit evidence that would enable us to complete the audit for the 2022-2023 financial year.”
A Byju’s spokesperson said in a press release that BDO’s demands on the corporate involved “crossing ethical and legal boundaries”.
“The real reason behind BDO’s resignation is BYJU’S’ adamant refusal to backdate its reports, while BDO went to the extent of recommending a firm that could facilitate such illegal activity. There are multiple call recordings where BDO officials clearly suggest backdating these documents, which BYJU’S refused to do. BYJU’S strongly believes that this is the primary reason for their resignation,” the Byju’S spokesperson added.
MSKA disclosed that it had filed a Form ADT 4, indicating potential fraud or criminality at the corporate.
The resignation letter also highlighted concerns over ongoing legal proceedings against Byju’s and its management, including initiation of liquidation proceedings by lenders and accusations of harassment and mismanagement by minority shareholders.
MSKA noted instances where Byju’s failed to provide the audit team with vital information, similar to notifications of general shareholders’ meetings and bankruptcy proceedings.
The auditor’s departure adds to the mounting challenges facing Byju’s, whose valuation has plummeted amid missed financial deadlines, revenue shortfalls and conflicts with investors. Major backers including Prosus and Peak XV had earlier alleged governance issues and sought legal motion to oust founder Raveendran.
The edtech company’s troubles have intensified in recent months, with India’s Supreme Court recently staying a tribunal ruling that had halted bankruptcy proceedings against the corporate. U.S. creditors are in search of to get better $1 billion from Byju’s, adding to the pressure on the once-celebrated startup.
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