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Apple Delays Rollout of CSAM Photo Scanning System
Apple has delayed the rollout of the child safety features that it announced last month following backlash from security experts and digital rights groups.
The planned features were set to launch as part of updates to iOS 15, iPadOS 15, and macOS Monterey later this year.
The tech giant confirmed that feedback from non-profits, advocacy groups, customers, researchers, among others, has resulted in the delay and has given more time to the company to make improvements.
Apple issued a statement about its decision saying, “Last month we announced plans for features intended to help protect children from predators who use communication tools to recruit and exploit them, and limit the spread of Child Sexual Abuse Material.”.
It is now uncertain when Apple will roll out these features; however, it appears as the company still intends to release them in the future.
Fintech Startup Jeeves Raised US $57 Million
U.S.-based fintech startup, Jeeves, has secured $57 million in a Series B funding round at a $500 million valuation.
The funding round was led by CRV and also included participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management, and a key group of angel investors including, Kevin Durant, Andre Igoudala, among others.
The startup has raised $183 million in less than 3 months, giving a clear indication of the interest this category-defining fintech has generated across investors and customers.
Jeeves has changed the paradigm of how employees are forced to rely on financial infrastructure that is local and country-specific.
The company has created an all-in-one expense management platform for businesses in global markets, providing underwriting, 30 days of credit in local currency, and the payment rails for any business spendings across countries and currencies.
With the new capital, Jeeves aims to fuel its launch in Colombia, the United Kingdom, and the European region. Moreover, it will acquire new talent, scale its proprietary infrastructures to cover new currencies, and speed up the onboarding of new companies to the platform.
US SEC Reportedly Investigates Decentralized Exchange Uniswap
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Uniswap, the main developer behind the world’s largest decentralized cryptocurrency exchange.
Uniswap is a crypto marketplace for decentralized finance (DeFi) developers, traders, and liquidity providers that enables users to swap between Ethereum-based coins and tokens without a central entity. It is ranked the largest decentralized exchange in terms of trade volume.
A publication from the Wall Street Journal revealed that the U.S. SEC is investigating the startup behind the world’s largest decentralized cryptocurrency exchange, Uniswap Labs.
Enforcement attorneys are looking for additional information on how investors use Uniswap and how it is marketed, the report said.
However, the report shows that the SEC has not said anything about the issue. But, a spokesperson from Uniswap Labs has responded to the reported investigation saying, that the firm is “committed to complying with the laws and regulations governing our industry and to providing information to regulators that will assist them with any inquiry.”
Twitter Shopping is Coming Soon
Twitter is exploring a new range of features that will allow users to explore as well as make purchases from businesses directly on its platform.
The latest development on this front comes with the entry of a new “Purchases” tab in the profiles of users, which is currently tied into the launch of its Super Follows option.
This tool will allow businesses, creators, among others, who use Twitter for work to display specific information about their business directly on their profile.
The microblogging platform first dabbed with the plans of incorporating shopping options for more than five years; however, they shifted their focus on other key features.
Although Twitter is working to accelerate its product innovation, its transition into eCommerce will take time.
With this strategy, Twitter wants to give users a way from going from tweeting about products to purchasing them.
Overall, this move is seen as a push to generate additional revenue streams other than advertising on the platform.
Around The Web
💰 Kalepa raises $14 million: New York-based insurance underwriting software Kalepa has raised $14 million in a Series A funding round. The funding round was co-led by Inspired Capital and IA Ventures. It also included participation from Gokul Rajaram of Doordash, Coinbase, and formerly of Google, among others.
📈 Crypto and blockchain jobs’ share grew 118% in 10 months: According to Indeed, cited in Korea IT Times- as of mid-July 2021, the overall share of crypto and blockchain job posting on the platform has grown 118% as compared with early September 2020.