Singapore, Singapore, 16th April 2025, Chainwire
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571 Views
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Nvidia’s China dream collapses; stock falls 6% after $5.5 billion charge linked to China AI chip export ban
The U.S. has just cut off one of Nvidia’s fastest-growing markets, triggering billions in fallout. The export crackdown may have ended the company’s biggest bet outside America. Nvidia said Tuesday it will take a $5.5 billion charge this quarter after […]
1.1K Views
Cybersecurity
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4chan Hacked: Source code leaked, moderator identities exposed in major breach
4chan, one of the internet’s most infamous image boards, has been hacked. The site went dark after a major security breach. The attackers exploited outdated systems, leaked the site’s source code, restored a long-deleted board, and allegedly exposed private moderator […]
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Is Figma in trouble or just feeling the AI heat? The design giant’s legal letter to Lovable signals more than just a trademark dispute
Figma made headlines in December 2023 after its $20 billion merger with Adobe fell apart over regulatory roadblocks. Now, the once-design giant is making news again—this time with a cease-and-desist letter. The letter wasn’t directed at a copycat. It was […]
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AI startup Virtue AI launches with $30M to help enterprises deploy generative AI without security risks
Virtue AI, a new AI startup focused on AI safety and security, just came out of stealth with $30 million in combined Seed and Series A funding. The round was led by Lightspeed Venture Partners and Walden Catalyst Ventures, with […]
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Dutch neobank startup Bunq plans U.S. expansion amid hiring spree and 65% profit surge — doubling down on digital nomads
Six months ago, Dutch neobank startup Bunq went on a hiring spree—just as other fintechs were cutting staff. Now, that bold move looks like it’s paying off. On Tuesday, Bunq announced it has filed for broker-dealer registration in the U.S., […]
816 Views
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Adobe invests in Nvidia-backed startup Synthesia amid soaring demand for AI-generated corporate videos; hits $100M ARR
Adobe’s venture arm is betting big on AI-generated video. The company has invested in Synthesia, a London-based startup known for turning text into avatar-led videos, in what the companies are calling a “strategic” partnership, CNBC reported. The exact investment amount […]
1.4K Views
Hong Kong, Hong Kong, 15th April 2025, Chainwire
610 Views
Failed Startups
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Nate, a startup that promised AI-powered shopping, turns out to be secretly powered by hundreds of humans in the Philippines
Last year, Amazon got busted for claiming its cashier-free stores were powered by AI—when they were actually run by low-wage workers in third countries. Now a VC-backed startup is under fire for the same thing: pretending humans were AI by […]
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Autonomous trucking startup Kodiak Robotics to go public in a $2.5 billion SPAC merger deal
After a quiet stretch, SPAC deals are starting to trickle back. On Monday, Kodiak Robotics said it’s merging with Ares Acquisition Corp II in a deal that values the autonomous trucking startup at $2.5 billion. The newly formed company will […]
1.3K Views
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Kraken expands beyond crypto: Launches commission-free stock trading in a challenge to Robinhood
In a direct challenge to Robinhood, crypto exchange Kraken has launched commission-free stock trading as it steps into traditional finance. Starting Monday, users in select U.S. states can trade more than 11,000 U.S.-listed stocks and ETFs—no fees, no crypto required. […]
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Nvidia to build $500B AI infrastructure in the U.S., begins domestic production of Blackwell chips
Nvidia is betting big on American soil. The chipmaker said Monday it plans to invest up to $500 billion in building AI infrastructure across the U.S. over the next four years, working closely with longtime partners like Taiwan Semiconductor Manufacturing […]
1.2K Views
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Venture Capital
Peter Thiel’s Founders Fund closes $4.6B venture fund to back growth-stage giants like SpaceX, Stripe, and Anduril
Peter Thiel’s Founders Fund just pulled off a monster raise—$4.6 billion to be exact. It’s one of the biggest late-stage venture funds in recent memory, and it couldn’t come at a more uncertain time for private tech companies. The new […]
2.9K Views
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OpenAI co-founder Ilya Sutskever’s AI startup Safe Superintelligence raises $2 billion at $32 billion valuation
Safe Superintelligence (SSI), the secretive AI venture founded by OpenAI co-founder Ilya Sutskever, has pulled in another $2 billion at a $32 billion valuation, per the Financial Times. This update follows a Wall Street Journal report last month that SSI […]
1.9K Views
Dublin, Ireland, 11th April 2025, Chainwire
999 Views
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Ex-OpenAI CTO Mira Murati’s stealth AI startup targets $2B seed round at $10B valuation
Thinking Machines Lab, a stealth AI startup founded by former CTO of OpenAI Mira Murati, is reportedly seeking to raise $2 billion in seed funding. Business Insider, citing sources close to the deal, reported on Thursday that Thinking Machines Lab […]
2.7K Views
Alphabet’s Google has laid off hundreds of employees across key product teams—Android, Pixel, and Chrome—as the company continues shifting resources into its growing AI efforts. The job cuts, first reported by The Information, affect its platforms and devices unit, signaling […]
2.3K Views
Cary, North Carolina, 11th April 2025, CyberNewsWire
1.1K Views
We’re undeniably becoming increasingly reliant on digital data in our daily lives. As technologies like IoT, AI-driven platforms, smart devices and systems, and more become prevalent, simple, everyday tasks such as driving a car, shopping online, and locking our doors […]
1.0K Views
London, Greater London, 11th April 2025, Chainwire
960 Views