Statement

Pokemon Company to Conduct Investigation into Palworld Allegations

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The Pokemon Company said Thursday it has not granted any permission to “another company,” referring to Palworld-developer Pocketpair, to use Pokemon intellectual property or assets and “intends to investigate and take appropriate measures” against the fast-growing survival game operator. The statement is Pokemon Company’s first acknowledgement of Palworld’s fast-growing survival title, which has sold over 8 million copies in less than six days, exceeding the performance of even the most popular AAA titles. Pocketpair, which released the title on January 19, insisted earlier that its game had more resemblance to a title such as Ark Survival than Pokemon. We have not granted any permission for the use of Pokémon intellectual property or assets in that gamem,” The Pokemon Company wrote in a statement on its website Thursday. “We intend to investigate and take appropriate measures to address any acts that infringe on intellectual property rights related to the Pokémon.

Palworld investigation to be conducted by Pokemon Company

Palworld Shots 1 1
The Pokemon Company said Thursday it has not granted any permission to “another company,” referring to Palworld-developer Pocketpair, to use Pokemon intellectual property or assets and “intends to investigate and take appropriate measures” against the fast-growing survival game operator. The statement is Pokemon Company’s first acknowledgement of Palworld’s fast-growing survival title, which has sold over 8 million copies in less than six days, exceeding the performance of even the most popular AAA titles. Pocketpair, which released the title on January 19, insisted earlier that its game had more resemblance to a title such as Ark Survival than Pokemon. We have not granted any permission for the use of Pokémon intellectual property or assets in that gamem,” The Pokemon Company wrote in a statement on its website Thursday. “We intend to investigate and take appropriate measures to address any acts that infringe on intellectual property rights related to the Pokémon.

Investigation Planned by Pokemon Company for Palworld

Palworld Shots 1
The Pokemon Company said Thursday it has not granted any permission to “another company,” referring to Palworld-developer Pocketpair, to use Pokemon intellectual property or assets and “intends to investigate and take appropriate measures” against the fast-growing survival game operator. The statement is Pokemon Company’s first acknowledgement of Palworld’s fast-growing survival title, which has sold over 8 million copies in less than six days, exceeding the performance of even the most popular AAA titles. Pocketpair, which released the title on January 19, insisted earlier that its game had more resemblance to a title such as Ark Survival than Pokemon. We have not granted any permission for the use of Pokémon intellectual property or assets in that gamem,” The Pokemon Company wrote in a statement on its website Thursday. “We intend to investigate and take appropriate measures to address any acts that infringe on intellectual property rights related to the Pokémon.

Latitude, an emerging French startup, secures impressive $30M in Series B funding for small launch endeavors

5 Latitude Zephyr Launcher Navier Engines Cluster
French small launch developer Latitude has closed $30 million in new capital as it eyes the first flight of its Zephyr rocket in 2025. While other rocket companies are going bigger, developing even more massive rockets, Latitude is taking a different approach: light, small, and hopefully cheap enough to beat out competitors. Its first rocket, Zephyr, will stand at just 62 feet and will be capable of delivering up to 100 kilograms of payload to low Earth orbit. The two-stage rocket will be powered by eight 3D-printed engines called Navier, which Latitude is developing in-house. In a statement, Latitude CEO and cofounder Stanislas Maximin said 2024 would be a “pivotal year” before Zephyr’s first flight in 2025.

ZestMoney, former Goldman Sachs-backed fintech unicorn, acquired by DMI at discounted price of $450M in urgent sale

Zestmoney Founders
ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale that caps 12 tumultuous months for the once-hot new age lender. In a statement, DMI Group said the deal grants it with the exclusive right to the use of all Zest brands and make the NBFC arm DMI Finance a preferred lender on the Zest platform. “DMI will also bring its customer base, balance-sheet strength and significant risk-management experience to drive growth across Zest’s online and offline merchant network,” DMI said in a statement. ZestMoney founders quit the startup in May last year after acquisition talks with fintech giant PhonePe didn’t materialize. We firmly believe that this acquisition will be an important step in our journey to provide digital financial inclusion at scale across India.”

Apple Under Pressure from India Over Alleged State-Sponsored Warnings, Report Claims

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Apple’s warnings in late October that Indian journalists and opposition figures may have been targeted by state-sponsored attacks prompted a forceful counterattack from Prime Minister Narendra Modi’s government. Behind closed doors, senior officials from Modi’s administration went further, demanding Apple soften the political impact of the warnings, Washington Post reports. Senior officials summoned Apple representatives to insist they provide alternative explanations, even flying in an Apple security expert to meet with ministry leaders, the report adds. For Apple, maintaining its commitment to user security took priority over risks to its growing India business. Apple, which opened two official stores in India this year, plans to move 25% of iPhone production to India by 2025, according to JP Morgan analysts.