Schroders Capital and Teachers’ Venture Growth join as new investors. The transaction gives early investors and long-serving employees a route to liquidity. Vinted says it is ‘IPO-ready’ but has set no timetable. FY2024 revenue grew 36% to €813 million; net profit quadrupled. Vinted, the Lithuanian second-hand marketplace that has become one of Europe’s largest consumer-to-consumer […]

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Jess Weatherbed / The Verge:
Canva says it “moved quickly to investigate and fix” an issue with its Magic Layers feature that replaced the word “Palestine” in designs, after a viral X post  —  The Magic Layers feature is off to a good start. … One of Canva's new AI features …

One of Canva's new AI features has been caught replacing the word "Palestine" in designs. The Magic Layers feature - which is designed to break flat images out into separate editable components - isn't supposed to make visible alterations to user designs, but it was found by X user @ros_ie9 to automatically switch the phrase […]

Will Knight / Wired:
Ineffable Intelligence, founded by ex-Google DeepMind Principal Scientist David Silver, raised a $1.1B seed at a $5.1B valuation to build AI “superlearners”  —  David Silver has a new billion-dollar company that aims to build AI “superlearners.”  —  David Silver gave the world its very first glimpse of superintelligence.

Today, I’m talking with Jennifer Scanlon, who is the CEO of UL Solutions. That’s Underwriters Laboratories – you know, the UL logo listed on all your electronics? That symbol means it’s been tested and found safe in a variety of ways. UL’s been around for 100 years. It started as a way for insurance companies […]