Oyo, previously valued at $10 billion, aborts plans for an initial public offering for the second time.

Quick Summary:

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network.

Oyo, backed by SoftBank, Peak XV, Lightspeed, Airbnb and Microsoft, was once hailed as a disruptor in the budget hotel industry.

Autodesk — the 3D tools behemoth — has acquired Wonder Dynamics, a startup that lets creators quickly and easily make complex characters and visual effects using AI-powered image analysis.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIndiaNetherlands

Topics: Startups Hospitality Venture Oyo rooms IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 09:15:28 (4 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 771 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21057008

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