Restaurant software giant Toast announced on Thursday that it plans to lay off 550 employees, or about 10% of its workforce. The company cited increasing competition and slowing growth as the main reasons for the restructuring. Toast now joins a […]
OpenAI on Thursday unveiled its latest creation, Sora, boasting its capability to craft convincing and imaginative 60-second videos based on brief text prompts. In a blog post, the creator of the popular ChatGPT said the Sora is capable of translating textual […]
Welcome to another installment of our Founder Stories series, where we delve into insightful interviews with startup founders and entrepreneurs. In addition, we engage in discussions with executives who are at the forefront of shaping the future of technology and […]
In a potential game-changing move that could impact billions of Internet users, OpenAI is said to be in the process of developing a web search product. This initiative would position the creator of the widely used ChatGPT in direct competition […]
In a move to bolster Germany’s economy amid its steepest decline in two decades, Microsoft has announced a significant investment of 3.2 billion euros ($3.44 billion) over the next two years. This marks Microsoft’s largest investment in Germany over the […]
The seed phrase, the default means by which non-custodial crypto wallets are accessed, is a beautiful thing. It allows anyone to control their digital assets while ensuring that no other party can access the funds. But the seed phrase is […]
Andrej Karpathy, an AI researcher and one of the founding members of OpenAI, announced on Tuesday his departure from the company via a post on X (formerly Twitter). Karpathy said he’s leaving the company to start a new chapter and […]
Instacart said on Tuesday that it plans to lay off 250 employees, or about 7% of its workforce. The restructuring is aimed at directing the company’s focus towards what they consider to be promising initiatives. The announcement comes just five […]
In a rare move for a fintech company, UK-based digital banking startup Revolut revealed on Tuesday its plans to introduce travel eSIM plans in the United Kingdom. This initiative is aimed at providing users with access to data while abroad, […]
Nvidia reached a significant milestone on Monday, briefly surpassing Amazon.com in market value and becoming the fourth most valuable company in the United States. The latest surge in value, driven by excitement surrounding artificial intelligence, propelled Nvidia to a market […]
Circuit board design startup Quilter announced on Tuesday it raised $10 million in funding to advance a revolutionary approach to circuit board design using artificial intelligence (AI). The funding marks a significant step forward for Quilter, positioning it alongside tech […]
Amazon founder Jeff Bezos has sold roughly $2 billion worth of the e-commerce giant following the stock rally that started late last year. Bezos made headlines as he offloaded close to 12 million shares of Amazon soon after he unveiled […]
As cryptocurrency continues its journey toward widespread adoption, crypto giant Crypto.com is taking steps to empower investors in their quest to establish long-lasting financial legacies. In line with this objective, Crypto.com announced the launch of Prime, an exclusive program available […]
Bugcrowd, a 12-year-old crowdsourced security startup that helps companies enhance their security measures through its bug bounty program, has secured $102 million in Series E funding. The round was led by General Catalyst, with participation from existing investors Rally Ventures […]
OpenAI achieved a significant milestone, reaching a $2 billion revenue in December as demand for generative AI skyrockets. The Microsoft-backed OpenAI also surpassed $2 billion on an annualized basis, the Financial Times reported on Friday, citing two sources familiar with […]
Entertainment giant Disney announced on Wednesday that it is investing $1.5 billion in Fortnite maker Epic Games, making it the company’s largest-ever investment in gaming. As part of the deal, the two companies will join forces to develop a new […]
The Asia Pacific (APAC) region is gaining prominence in the global digital asset landscape, with regulatory changes drawing interest from diverse stakeholders. Hong Kong, renowned as a key financial center, is capitalizing on its status to attract companies looking to […]
OpenAI, the organization behind the ChatGPT platform, has hit a roadblock in its efforts to trademark “GPT” as the company faces challenges over its claims of “GPT” ownership. GPT is an acronym for “Generative Pre-trained Transformer,” representing their family of […]
The rapid advancements in AI, including the introduction of large language models (LLM), are reshaping how people work and altering broader business models. That’s why Microsoft has unveiled ambitious plans aimed at upskilling 2 million individuals in India’s smaller cities, […]
Over the past decade, the United States has been actively contending with obesity rates, with almost 40% of US adults being obese and a further 31.5% being overweight. To combat rising rates and promote healthier lifestyles, Patientory – a telehealth […]