Nickie Louise - Tech Startups

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SAP acquires digital adoption startup WalkMe for $1.5 billion

Nickie Louise Posted On June 5, 2024

German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. […]

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Fhenix, a privacy-focused Ethereum Layer 2 startup, raises $15M Series A round for confidential blockchain

Nickie Louise Posted On June 4, 2024

Fhenix, an Israeli tech startup building a confidential blockchain platform, has scored big with a $15 million Seriea A round led by Hack VC. Other backers include Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. This latest […]

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Irish tech startup Overcast HQ raises $1.2M in funding to tackle video content overload for brands and broadcasters

Nickie Louise Posted On June 4, 2024

Terabytes of footage are churned out daily, creating a management nightmare and causing broadcasters and brands to drown in a sea of video content. Now, one startup is throwing them a life preserver powered by artificial intelligence (AI) to address […]

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Microsoft cuts hundreds of jobs at Azure Cloud as tech layoffs continue

Nickie Louise Posted On June 4, 2024

Microsoft is reported cutting hundreds of jobs in its Azure cloud unit, Business Insider reported Monday, adding to a series of job cuts witnessed across the technology and media sectors this year. According to sources familiar with the matter who […]

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Polkadot Blockchain Academy Launches Fifth Cohort in Singapore to Train New Generation of Blockchain Developers

Nickie Louise Posted On June 4, 2024

In March, the Polkadot Blockchain Academy (PBA) captivated Singapore with its comprehensive, multi-week hybrid blockchain training program. Now, just two months later, PBA is returning to Singapore with the launch of its highly anticipated fifth cohort, beginning on May 20, […]

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UK digital bank startup Monzo turns profitable for the first time after 9 years of operation

Nickie Louise Posted On June 3, 2024

British digital bank startup Monzo posted its first-ever annual profit after nine years in business. In an announcement on Monday, Monzo revealed that its pre-tax profits for the fiscal year 2023-2024 totaled £15.4 million ($19.6 million), a significant turnaround from […]

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Microsoft to invest $3.2 billion in Swedish AI and cloud to bolster its European footprint

Nickie Louise Posted On June 3, 2024

As part of the effort to bolster its presence in Europe, Microsoft announced on Monday that it is investing 33.7 billion Swedish crowns ($3.2 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years. […]

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Swedish climate fintech startup Doconomy raises $36.9M in Series B funding co-led by UBS and CommerzVentures

Nickie Louise Posted On May 31, 2024

Doconomy, a Swedish climate-focused fintech startup, has raised €34 million ($36.9 million) in funding from leading European banks, including UBS and CommerzVentures, the venture arm of Commerzbank. The Series B financing round was co-led by UBS Next and CommerzVentures, with […]

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AI cloud provider startup CoreWeave gears up for 2025 IPO amidst surging GPU demands

Nickie Louise Posted On May 31, 2024

The AI boom that began with the launch of ChatGPT in November 2022 has led to surging demand for the graphics processing units (GPUs) essential for powering AI data centers. One notable beneficiary of this surge is CoreWeave, an Nvidia-backed […]

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AI startup EthonAI raises $16M in funding led by Index Ventures to boost factory efficiency with AI

Nickie Louise Posted On May 30, 2024

Since the meteoric rise of ChatGPT two years ago, AI startups have largely focused on leveraging AI chatbots to boost office productivity and improve efficiency. However, one AI startup has its sights on revitalizing the struggling manufacturing sector. Enter EthonAI, […]

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Google, AR startup Magic Leap partners to build immersive experiences that merge physical and digital worlds

Nickie Louise Posted On May 30, 2024

Alphabet’s Google and augmented reality startup Magic Leap are joining forces in a strategic technology partnership to develop immersive experiences that seamlessly blend the physical and digital worlds. According to an exclusive report from Reuters, this collaboration aims to leverage […]

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Addressable Outperforms Twitter (X) for Web3 Reach, Polkadot Case Study Shows

Nickie Louise Posted On May 29, 2024

Ever wondered how you can better reach Web3 users on X (formerly Twitter)? The secret to game-changing Web3 marketing has just been released by Polkadot, one of the largest blockchains, which recently reduced the costs of advertising on X by […]

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Google launches Fitbit Ace LTE, a new connected smartwatch that lets kids call, chat, and play

Nickie Louise Posted On May 29, 2024

As Google grapples with backlash from the hasty rollout of its AI Overview, the tech behemoth is forging ahead with notable advancements in the wearable tech sector. On Wednesday, Google debuted the Fitbit Ace LTE, a pioneering connected smartwatch designed […]

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OpenAI former safety researcher Jan Leike joins rival AI startup Anthropic

Nickie Louise Posted On May 29, 2024

Despite its success in the generative AI space, OpenAI continues to experience the departure of several key members from its leadership team. The latest is Jan Leike, one of the company’s lead safety researchers who resigned earlier this month to […]

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BYD unveils new hybrid that can drive non-stop for over 2,000 kilometers without recharging or refueling

Nickie Louise Posted On May 29, 2024

Chinese electric vehicle (EV) giant BYD has unveiled an innovation that could shake the global auto market. Its latest advance isn’t a new car but a next-generation hybrid powertrain capable of traveling more than 2,000 kilometers (1,250 miles) on a […]

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Climate fintech startup Cloover raises $114M in seed funding to support transition to renewable energy

Nickie Louise Posted On May 28, 2024

While all eyes have been on generative AI, investors continue to pour billions into climate technology startups. The latest startup to ride the funding wave is Berling, Germany-based climate fintech startup Cloover, which recently secured $114 million in seed funding. […]

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Bitcoin mining startup Riot Platforms bids to acquire rival Bitfarms in $950 million deal

Nickie Louise Posted On May 28, 2024

Bitcoin miner Riot Platforms announced on Tuesday that it has offered to buy all shares from rival Bitfarms in a move aimed at a shake-up of the cryptocurrency mining industry. According to a Reuters report, the deal is pegged at […]

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T-Mobile is buying US Cellular’s Wireless operations for $4.4 billion

Nickie Louise Posted On May 28, 2024

T-Mobile announced on Tuesday that it has reached an agreement to acquire all of United States Cellular’s wireless operations, including its customer base, retail stores, and 30% of its spectrum assets, in a transaction valued at $4.4 billion. Under the […]

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ChatGPT coming to iPhones: Apple inks Deal with OpenAI for iOS 18

Nickie Louise Posted On May 28, 2024

Just weeks after initial reports suggested that Apple was planning to integrate ChatGPT into its next iPhone, Bloomberg confirmed over the weekend that Apple and OpenAI have reached a deal for OpenAI to provide chatbot functionality in iOS 18. The […]

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Google faces backlash over AI-generated search summaries; scrambles to make manual changes

Nickie Louise Posted On May 27, 2024

Last week, Google launched AI Overviews, a new search feature intended to enhance user experience by providing streamlined search results. However, instead of improving the search process, the new feature ignited a wave of criticism across social media after generating […]

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