Instagram surpasses YouTube in ad revenue
Court filing reveals Instagram's massive contribution to Meta's earnings since its acquisition in 2012 for $1 billion
Turkish fintech unicorn Papara set to acquire SadaPay in possible $50mn deal
Papara commits to invest $10mn further to solidify SadaPay’s position as banking challenger
OpenAI launches Sora, a new AI model for generating videos
OpenAI has introduced Sora, a revolutionary AI model capable of creating videos up to 60 seconds long from simple text prompts. This...
Apple to launch new AI-based code completion tool
This tool aims to emulate the functionality of Microsoft's Copilot
Productive policies or PR fluff — How useful were the interim government’s IT initiatives?
The interim IT minister claims large successes in five different areas. Profit looks at how much is real and how much is posturing
Pakistan’s IT services exports reach $1.15bn, marking 5.89% growth in FY 2023-24 first five months
Call center services propel Pakistan's IT exports, recording 11.11% increase
Cheetay mulling shut down, Dastgyr, others look towards layoffs as startups go through another purge
Hurting macros, global dearth of risk capital lead to massive layoffs, closures in Pakistan’s startup scene.
Fact check: PayPal is not coming to Pakistan
Contrary to IT minister Umar Saif’s claims, PayPal and Payoneer are just entering into a partnership to add PayPal as a payment method on Payoneer
Careem tweaks its strategy once again as competition gets fierce
Once a clear leader in the ride-hailing market, Careem is finally trying to fight back.
Pakistani digital freight forwarding startup Voyage Freight secures $1mn in pre-seed funding
Pakistani digital freight forwarding startup, Voyage Freight, announced on Monday that it has successfully secured over $1 million in pre-seed funding, led...
EduFi raises $6.1mn to help students in Pakistan access loans for education
A new fintech startup EduFi wants to make education more affordable and accessible for students in Pakistan. The Singapore-based startup has raised...
Navigating the Indolj “Security Breach”: Separating fact from fiction
Why the supposed data breach is not as serious as one might think
Pakistan’s online jobs advertiser Rozee launches freelancing platform Azadee
Pakistan’s online jobs platform Rozee.com today announced the launch of an indigenous freelancing platform for Pakistani professionals, called Azadee.
Rozee built this platform...
Spotify in Pakistan: Will Pakistani artists finally be able to make a living off their work?
Despite a variety of local music streaming services being launched in Pakistan, a platform of Spotify's size and reach could be a potential game changer
Bykea managed to dodge a bullet, but will everyone else be as lucky?
The Bykea hacking incident has raised some serious data security issues across the nation