Tech
Flying: Duolingo's active users keep soaring

Flying: Duolingo's active users keep soaring

Baby bird

If you’ve ever been annoyed at having to prove you’re not a robot on a website, and you’ve been irritated by a Duolingo notification to get back to your lessons, you can direct your frustrations toward Luis von Ahn, a Guatemalan entrepreneur behind both. Having sold his online authentication software idea reCAPTCHA to Google for “somewhere between $10m and $100m” in 2009, von Ahn teamed up with one of his PhD students, the aptly-named Severin Hacker, to take on the world of education. Deciding they wanted to make language learning affordable, the pair founded Duolingo in 2011, drumming up $3.3m in funding from investors such as Tim Ferriss and Ashton Kutcher.

The platform didn’t launch to the public until June 2012, but ever since the app has soared in popularity, becoming the center of the modern language-learning universe. By leaning into bite-sized lessons, users are hooked in their millions into starting what is otherwise a daunting prospect: learning to speak, write, and maybe even think, in another language.

Saying the right words

After its launch, Duolingo picked up traction quickly, nudging towards the top end of the highly-competitive education charts on app stores. By 2014, the company closed a $20 million Series C round, having picked up 25 million registered users. Fast forward a decade, and those milestones look almost petite, with registered users growing to over 500 million by the end of 2020, when we all had newfound time to pursue long-postponed goals for self-betterment.

But, even more impressive, perhaps, is the share of ‘Lingo heads who use the app regularly, with 83 million people actively choosing to reckon with reflexive verbs at least once a month, and more than 24 million doing the same every day, per the company’s latest figures. So, how did Duolingo win in a space that’s so competitive? They made learning fun… and addictive.

More Tech

See all Tech
tech

Amazon to lay off thousands more office workers on path to 30,000 cuts

Amazon plans to axe thousands of corporate workers next week, after laying off 14,000 back in October, according to Reuters. The new cuts could be “roughly the same” number as last time and may hit Amazon Web Services, retail, Prime Video, and human resources, the report said, citing people familiar with the matter.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

Little  Bay Beach

There are now more than 1 million “.ai” websites, contributing an estimated $70 million to Anguilla’s government revenue last year

Data from Domain Name Stat reveals that the top-level domain originally assigned to the British Overseas Territory of Anguilla passed the milestone in early January.

tech

TikTok closes deal to operate in the US

TikTok has finally sealed its deal to establish a majority American-owned joint venture to manage its US operations.

On Friday, the social media company announced that its US arm will now be led by three “managing investors” — Silver Lake, Oracle, and MGX, each with a 15% holding — while ByteDance retains 19.9% of the business, and a swath of other investors, including Michael Dell’s family office, round out the cap table.

The joint venture will be operated by a seven-person majority American board of directors, which includes TikTok CEO Shou Chew, with Adam Presser, previously TikTok’s head of operations, trust, and safety, as its CEO.

Though the valuation of the new venture has not been shared, Vice President JD Vance has previously cited the market value of TikTok’s US operations at about $14 billion, just topping Snap and lower than Pinterest.

The deal closes the platform’s battle, which kicked off in earnest in August 2020 when President Donald Trump first tried to ban TikTok over national security concerns. The announcement notes that the new TikTok USDS Joint Venture LLC will “secure U.S. user data, apps and the algorithm.” Trump celebrated the deal, which has been signed off by both the US and Chinese governments, per Reuters, in a Truth Social post, saying TikTok “will now be owned by a group of Great American Patriots and Investors, the Biggest in the World.”

tech
Rani Molla

Elon Musk says Tesla Robotaxis are operating without drivers, sending stock higher

Tesla CEO Elon Musk said that Tesla’s Robotaxis are now operating in Austin without a safety monitor. Tesla has been testing driverless cars in the area for about a month, and Musk had previously said the company would remove safety drivers by the end of 2025.

It’s unclear how many exactly of the roughly 50 Robotaxis the company operates in the area don’t have drivers. Tesla is “starting with a few unsupervised vehicles mixed in with the broader robotaxi fleet with safety monitors, and the ratio will increase over time,” Ashok Elluswamy, Tesla’s head of AI, posted shortly after Musk. Ethan McKenna, the person behind Robotaxi Tracker, estimates it’s two or three vehicles.

What is clear is that the move is good for Tesla’s stock, which is currently up 3.5%, extending its gains after Musk’s tweet. Morgan Stanley said yesterday that it considers the removal of safety drivers a “precursor to personal unsupervised FSD rollout.” Unsupervised Full Self-Driving is widely considered to be integral to the would-be autonomous company’s value proposition.

At the World Economic Forum earlier on Thursday, Musk said, “Self-driving cars is essentially a solved problem at this point.”

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.