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EquityPandit

EquityPandit
TECHNOLOGY

Apple Music Installs Itself Into iPhone Dock, Kicks Out Apps Like Spotify

When the Apple Music iOS app started installing directly to the iPhone’s Dock instead of the home screen after downloading, some iPhone users found themselves in a fix and launched other apps, including music streaming service Spotify. According to TechCrunch, the vulnerability affects different iPhone models, kicking other apps out and taking their place in the Dock at the bottom of the iPhone screen. Apple said it was investigating the issue.


“Looks like if you download the Apple Music app from the App Store, it will automatically appear on your device (iPhone) Dock; not only that, but it will also change any other third-party app with the music app. If you have the Apple app in your In Dock and it doesn’t do anything,” iOS developer Kevin Archer tweeted Thursday night.


iPhone users also discovered that the bug caused Apple Music to launch Spotify as the default music service for Siri requests. Epic is already in a protracted antitrust lawsuit with Apple. The Apple Music app replaces various apps in the user’s Dock, including first-party apps like the built-in camera app. Apple Music even removed the Safari browser app from the iPhone dock.

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TECHNOLOGY

Perplexity in Early Funding Talks at $18 Billion Valuation

Dhruva Kulkarni

Perplexity AI Inc., an AI-powered search startup competing with Google, is in early talks to raise $500 million to $1 billion at an $18 billion valuation, though details may change.

The startup previously received funding offers at a $15 billion valuation but has not commented on the latest round.

Founded in 2022, Perplexity rapidly grew its valuation from $1 billion to $3 billion and now seeks another major increase.

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It offers AI-powered search tools, internal file searches for organizations, and finance-related features like stock price lookups.

With nearly $100 million in annual recurring revenue and 15 million active users as of last March, Perplexity is expanding its market presence.

Facing competition from Google and OpenAI’s new search product, it is backed by SoftBank, Nvidia, and Jeff Bezos.

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TECHNOLOGY

Google to Acquire Cloud Security Firm Wiz for $32 Billion in Record Deal

Dhruva Kulkarni

Google is set to acquire cloud security startup Wiz for $32 billion in an all-cash deal, marking its largest acquisition ever and strengthening its cloud security and AI capabilities.

Wiz’s products will remain available on rival platforms like AWS and Microsoft Azure.

Founded in 2020 under Assaf Rappaport, Wiz rapidly grew to $100 million in annual recurring revenue within 18 months.

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It specialises in cloud security tools for prevention, detection, and response, helping Google compete with Microsoft in the cybersecurity space.

In July, Wiz declined a $23 billion offer from Google, opting for an IPO and targeting $1 billion in annual revenue before later changing course.

The acquisition aligns with Google’s strategy to expand its cloud business and address rising cybersecurity challenges in the AI-driven digital era.

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TECHNOLOGY

Tencent Reports Strongest Growth in a Year, Driven by Hit Games

Dhruva Kulkarni

Tencent recorded its fastest revenue growth in over a year, driven by successful game releases despite economic challenges.

Q4 revenue rose to 172.5 billion yuan ($23.8 billion), surpassing estimates, while net income reached 51.3 billion yuan, beating projections.

The company plans to repurchase at least HK$80 billion in shares in 2025 and raise its annual dividend by 32%.

Hit games like Dungeon & Fighter Mobile and Delta Force boosted growth, offsetting slowdowns in advertising and payments.

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President Xi Jinping’s meeting with tech leaders signals a softer stance on private firms, with AI, EVs, and chipmaking as key priorities.

WeChat remains a core asset, driving revenue through ads, mini-games, and e-commerce, while fintech struggles with stagnation.

Tencent’s market value jumped 30% ($140 billion) this year, benefiting from a Chinese tech rally, though it lags Alibaba’s 70% surge.

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TECHNOLOGY

WhatsApp and Telecom Department Team Up to Fight Online Fraud and Spam

Dhruva Kulkarni

The Department of Telecommunications (DoT) has teamed up with WhatsApp to launch a security campaign as part of Meta’s ‘Stay Safe from Scams’ initiative, aiming to tackle online fraud, spam, and raise awareness about digital threats.

Meta’s Global Policy Chief Joel Kaplan and Telecom Minister Jyotiraditya Scindia discussed efforts to combat online threats through this collaboration.

WhatsApp is using data from the Digital Intelligence Platform (DIP), a real-time intelligence-sharing system with over 550 stakeholders, including banks and law enforcement agencies.

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India has seen a sharp rise in cybercrime, with scams leading to massive financial losses and a growing concern over ‘digital arrests’ via WhatsApp calls.

The partnership seeks to curb such crimes by strengthening digital security measures and detecting telecom resource misuse.

While the DoT and telecom operators have already taken steps against spam and fraud, this initiative adds another layer of protection for users.

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TECHNOLOGY

SpaceX Launches 21 Starlink Satellites from Florida

Dhruva Kulkarni

SpaceX successfully launched 21 Starlink satellites from Cape Canaveral, including 13 with Direct to Cell capabilities to enhance global mobile connectivity.

Originally planned alongside Crew-10, the Starlink 12-21 mission became the primary launch after Crew-10 was scrubbed earlier.

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The first stage booster, B1069, completed its 22nd flight, having previously supported CRS-24 and multiple Starlink missions. It successfully landed on the A Shortfall of Gravitas droneship in the Atlantic Ocean.

This deployment brings the Starlink constellation to over 7,000 satellites, strengthening high-speed internet access worldwide. SpaceX had additional launch windows available in case of delays.

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