Tech News Update: Telegram IPO Uncertain, Mike Lynch Legacy, and Bilt Rewards Partnership

OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Telegram has been discussing the possibility of an IPO for years, with concerns about illegal content on the platform complicating the situation. CEO Pavel Durov's recent arrest in France has raised doubts about the legitimacy and ethics of investing in Telegram. While some believe Durov is being targeted for protecting free speech, others argue that the platform's involvement in illegal activities cannot be overlooked. The uncertainty surrounding the case makes it unlikely that Telegram will pursue an IPO anytime soon.Moving on to the legacy of tech founder Mike Lynch, who recently passed away in a tragic accident. Lynch was acquitted of fraud charges related to his company, Autonomy, which was acquired by HP. Despite Lynch's passing, the acquisition of Darktrace, an early investment of his, is set to proceed as planned, highlighting the uncertainty of second chances and the need to make the most of opportunities.In other news, Bilt Rewards has announced a partnership with Walgreens for a nationwide pharmacy benefits program targeting customers who use flexible spending accounts (FSA) and health savings accounts (HSA) for eligible purchases. Founded by Ankur Jain in 2019, Bilt aims to reward renters for their payments and help them build credit towards home ownership. The partnership with Walgreens is part of Bilt's strategy to create a community of merchants around people's homes, similar to platforms like Airbnb or Uber.Overall, the future of Telegram's IPO remains uncertain amidst legal challenges, while Bilt's innovative approach to rewarding renters and building community around homes is gaining traction in the market.

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