Fhenix, an Israeli startup focused on building a privacy-centric blockchain platform, has announced a major upgrade to its testnet, Nitrogen. The update introduces enhanced decryption capabilities and features designed to improve decentralization, usability, and performance. As an Ethereum Layer 2 […]
Odoo, a Belgian startup taking on SAP in enterprise software, has raised its valuation to €5 billion ($5.3 billion) following a secondary share sale led by Alphabet’s venture fund, CapitalG, and Sequoia Capital. With more than 5 million users globally, […]
Robinhood Markets, the parent company of the popular trading app Robinhood, is set to acquire portfolio management platform TradePMR in a cash-and-stock deal valued at approximately $300 million, the companies announced on Tuesday. The acquisition marks Robinhood’s latest move to expand […]
It’s 2024, and Americans are spending a staggering $546 billion annually just to navigate the U.S. tax system. Why? The tax code has ballooned into a 10-million-word labyrinth, making it 21 times longer than the entire Lord of the Rings […]
Silicon Valley-based AI startup d-Matrix announced Tuesday that it has started shipping its first AI chip, designed to support applications like chatbots and video generators. This milestone comes just over a year after the company secured $110 million in funding […]
ServiceTitan, a software startup that develops tools for home services businesses, filed paperwork on Monday for an initial public offering (IPO) in the U.S. The Glendale, California-based company plans to list its shares on the Nasdaq under the ticker symbol […]
Forward, a once-promising healthcare startup that aimed to revolutionize care with its “doctor-in-a-box” modules, is shutting down. The closure comes just a year after the San Francisco-based company raised $100 million in funding, bringing its total fundraising to nearly $400 […]
Even as SpaceX dominates the space industry, investors are placing their bets on emerging startups that could fill gaps in a less crowded market. Among these is The Exploration Company (TEC), a Munich-based space startup making waves with its ambitious […]
ByteDance, the parent company of TikTok, has set its valuation at approximately $300 billion. The news comes after the company recently approached investors with a share buyback offer, according to sources and a document reviewed by Reuters. The proposed buyback […]
After nearly a year-long boycott, major advertisers have resumed their campaigns on X (formerly Twitter). Companies including IBM, Disney, Comcast, Discovery, Warner Bros., and Lionsgate Entertainment have returned to the platform, signaling renewed trust in X’s leadership under CEO Linda […]
Elon Musk’s SpaceX—the leader in rocket launches and high-speed satellite internet through Starlink—is gearing up for a tender offer in December, offering existing shares at $135 each, according to an exclusive report from The Financial Times citing insider sources. At […]
Late last month, Toyota-backed self-driving startup Pony AI announced plans to go public, marking a major milestone after eight years of development. The company has filed for an initial public offering (IPO) in the United States, targeting a valuation exceeding […]
Alphabet’s Google on Thursday launched a smartphone app for its AI chatbot, Gemini, on Apple’s App Store Thursday, bringing its latest voice assistant to iPhone users. This release follows Google’s recent rollout of Gemini Live in English for Android users […]
The crypto boom sparked by Trump’s recent November 5 victory shows no signs of slowing down, with Bitcoin reaching $90,000 and driving the global cryptocurrency market beyond the $3 trillion mark. On Thursday, crypto market capitalization hit a record $3.12 […]
Carbon emissions are one of the major drivers of climate change, trapping heat in the atmosphere and fueling extreme weather, rising sea levels, and biodiversity loss. According to Bloomberg climate data, global energy-related CO₂ emissions rose by 1.1% in 2023, hitting a […]
AMD announced on Wednesday that it would lay off 4% of its global workforce as the longtime chipmaker sharpened its focus on the fast-growing artificial intelligence chip market, which remains dominated by rival Nvidia. The layoff announcement comes just a […]
Klarna, Europe’s leading buy now, pay later (BNPL) fintech, announced Wednesday that it has confidentially submitted IPO documents to the Securities and Exchange Commission (SEC). The $15 billion Swedish payments company has yet to make its IPO prospectus publicly available, […]
Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a […]
Late last month, we covered Amazon’s plans to launch a budget-friendly storefront with a $20 price cap to compete with bargain sites like Temu and Shein. Just two weeks later, Amazon has rolled out its new discount store, offering everything […]
OpenAI co-founder Greg Brockman has returned to the company three months after stepping away as president. On Tuesday, he shared on X that his “longest vacation” was over and that he was “back to building OpenAI.” Back in August, Brockman […]