Accel’s $550 million India fund; South Park Commons bets on deeptech

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.

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AI startup Manus to resume independent operations as deal with Meta unwinds

"As part of our ​transition back to independent operations and to ​comply with regulatory requirements in specific jurisdictions, data generated by certain users ​on/after December 29, ⁠2025" will ‌be deleted later this ​month, ​Manus said in a statement.

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Senior OpenAI executive Brad Lightcap to leave for new venture

Lightcap moved in April ​from his role as OpenAI's chief ​operating officer to a role focused on leading special projects. He previously worked with OpenAI CEO Sam Altman at venture capital firm Y Combinator ‌and joined OpenAI in 2018.

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US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction

The San Francisco-based 9th U.S. Circuit ​Court of Appeals rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling requiring them to face more than 3,000 lawsuits filed in federal court, saying the companies had appealed too early.

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Yulu, Bounce chase fresh funds; MPs target social media

Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives them a fresh boost. This and more in today’s ETtech Morning Dispatch.

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Boeing to divest tech ventures for stake in air-taxi startup

Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. In its May earnings release, Archer said it had completed the "phase three" of the Federal Aviation Administration's four-phase certification process for its Midnight air taxi vehicle.

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Smart glasses are going mainstream. Do current privacy laws protect us from risks?

The push to make camera glasses a major consumer trend comes at a cost to the privacy of the wearer, and everyone around them. We know little about what happens with data from the devices, or who will see the images. Indeed, on Friday, federal Attorney-General Michelle Rowland asked Australia's privacy commissioner to urgently review the technology.

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Macros weigh on ecommerce sales; District CEO on growth plan

Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Morning Dispatch.

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LinkedIn CEO on AI Jobs, Agentic Hiring and the AI Slop Problem

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Former SK Hynix employee jailed for leaking information to a Chinese firm: Report

The Seoul ⁠High Court made the ruling in an ​appeal case against the defendant, upholding the lower court's ​sentence, for leaking classified information on so-called CMOS image sensors, a technology used for ​non-memory chips in smartphone ⁠cameras and ‌laptops, to a Chinese company ​in 2022, ​Yonhap said.

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Three in five Americans favour stronger oversight of social media companies: Reuters/Ipsos poll

The poll, which was conducted over the six days ending August 3, comes as companies ​like Meta Platforms and Google's YouTube face mounting legal pressure over their treatment of young users. A trial is expected to begin on Wednesday over allegations by state prosecutors that Meta designed its products to addict young users.

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