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Robot delivery startup Starship Technologies raises $90 million to deliver groceries to your doorstep

Nickie Louise Posted On February 7, 2024

Estonian robot delivery startup Starship Technologies has successfully secured $90 million in funding, marking a significant achievement after the company surpassed 11 million miles and completed over six million autonomous deliveries worldwide. The investment round was co-led by existing backers […]

2.2K Views

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London-based RegTech startup docStribute secures $1M in pre-Series A funding to accelerate growth

Nickie Louise Posted On February 7, 2024

London-based startup called docStribute has recently secured $1 million (£820k) in Pre-Series A funding from financial service angels. The latest funding brings the total investment in the company to £1.7 million, marking a significant milestone for the company. With this […]

741 Views

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Is Machine Learning Demand Starting to Outpace Moore’s Law?

Nickie Louise Posted On February 6, 2024

Muhammad Ali had been world heavyweight champion for just one year when Gordon Moore, co-founder and CEO of Intel, made a postulation that came to be known as Moore’s Law. Namely, the number of transistors on an integrated circuit (IC) […]

755 Views

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IT platform startup NinjaOne secures $231.5M in Series C funding at nearly $2 billion valuation

Nickie Louise Posted On February 6, 2024

NinjaOne announced on Tuesday it has secured $231.5 million in Series C funding to grow its IT management platform. The latest round significantly boosts the company’s valuation to about $1.9 billion, a remarkable jump from its previous valuation of $110 […]

869 Views

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Snap to lay off 10% of global workforce in second round of job cuts

Nickie Louise Posted On February 5, 2024

Snap, the social media company behind Snapchat, announced on Monday that it is laying off 10% of its workforce globally, amounting to roughly 500 employees. The move is part of its strategy to encourage more face-to-face collaboration among their teams […]

683 Views

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Everbridge to go private in a $1.5 billion buyout deal with PE firm Thoma Bravo

Nickie Louise Posted On February 5, 2024

Everbridge announced on Monday it would be acquired by U.S. private equity firm Thoma Bravo in a cash deal valued at approximately $1.5 billion, making it Thoma Bravo’s second major acquisition within the past six months. As part of the […]

803 Views

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China’s Geely launches 11 low-orbit satellites for autonomous cars

Nickie Louise Posted On February 5, 2024

Chinese automaker and Volvo’s parent company Geely Holding Group announced on Saturday the launch of 11 satellites into low-earth orbit to enhance navigation precision for driverless cars. This marks its second launch as it aims to improve navigation accuracy for […]

940 Views

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Meta builds its own AI brain: Custom AI chips to power up the company’s AI ambitions

Nickie Louise Posted On February 2, 2024

The parent company of Facebook Meta Platforms plans to roll out a new iteration of its custom chip in its data centers this year, Reuters reported on Thursday, citing an internal document. This second-generation chip, part of Meta’s in-house silicon […]

823 Views

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Crypto startup Polygon Labs cuts 60 jobs, or about 19% of its global workforce as tech layoffs top 30,000 in 2004

Nickie Louise Posted On February 1, 2024

Crypto startup Polygon Labs announced it plans to reduce its workforce by 60 positions, or about 19% of its global workforce. The decision comes as the company undergoes its second round of layoffs, amidst a tentative recovery in the digital […]

702 Views

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Digital news startup The Messenger shuts down less than a year after burning through $50 million

Nickie Louise Posted On February 1, 2024

The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, is shutting down in less than a year, marking a significant setback in the internet media landscape, Axios reported, citing insider information. The announcement follows recent reports hinting […]

805 Views

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Cadence unveils AI-powered supercomputer for streamlining jet design

Nickie Louise Posted On February 1, 2024

The future of supersonic travel got a major boost today with Cadence Design Systems‘ announcement of a new artificial intelligence (AI) supercomputer specifically designed for jet design to simulate how air flows over jets and other gear as its competition […]

731 Views

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Uncharted Labs, an AI startup founded by three Google Deepmind researchers, raises $8.5 million in funding

Nickie Louise Posted On January 31, 2024

As OpenAI and Google continue to advance in developing artificial intelligence for conversational chatbots like ChatGPT, a new wave of startups is emerging to take the lead in the burgeoning realm of AI agents. In this space, these agents employ […]

4.6K Views

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Harness Backtesting for Optimal Risk Management in Forex

Nickie Louise Posted On January 31, 2024

The concept of risk management in the forex trading market is broad. Over the years, we’ve seen experts in the field introduce several ways it can be achieved, like using stop loss, leverage, and maximizing demo accounts. However, it surely […]

665 Views

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PayPal lays off 2,500 employees, or about 9% of its global workforce

Nickie Louise Posted On January 31, 2024

PayPal is laying off 2,500 employees, or about 7% of its workforce, amidst a surge in tech layoffs. The move by the payments giant reflects the broader impact of the global economic slowdown on fintech companies. The news comes exactly […]

748 Views

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Volkswagen launches new AI lab to accelerate product Innovation, in talks with potential partners for AI-powered prototypes

Nickie Louise Posted On January 31, 2024

Volkswagen announced on Wednesday that it’s in talks with various global tech firms to team up and innovate on new digital products and features using artificial intelligence (AI). To generate innovative product ideas and develop early-stage digital prototypes using artificial […]

558 Views

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UPS to lay off 12,000 employees as it turns to AI for efficiency

Nickie Louise Posted On January 30, 2024

Parcel delivery giant UPS announced on Tuesday that it plans to cut 12,000 jobs, representing approximately 2.5% of its global workforce. The company said the layoff is due to economic challenges and labor disputes that drove away some customers. UPS […]

1.1K Views

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Food delivery startup Delivery Hero sells stake in rival Deliveroo, but pays the price in market value

Nickie Louise Posted On January 30, 2024

German food delivery giant Delivery Hero on Monday ditched rival Deliveroo but now paying the price in market value. Shares of Delivery Hero took a nosedive to an all-time low on Tuesday following its decision to offload its minority stake […]

2.1K Views

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Green Exit: Buyout giant KKR, Taeyoung to sell South Korea’s JV Ecorbit in over $2 billion deal

Nickie Louise Posted On January 30, 2024

KKR & Co, a global buyout firm, and South Korea’s Taeyoung Group are planning to sell their joint venture Ecorbit in a deal that may value the environmental company at over $2 billion, Reuters reported, citing two individuals familiar with […]

1.2K Views

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First Human Receives Brain Implant From Neuralink, Elon Musk Says

Nickie Louise Posted On January 29, 2024

Elon Musk’s brain-chip startup Neuralink just achieved a groundbreaking milestone by becoming the first company to successfully implant its device into a human brain. Musk shared the news on X, formerly known as Twitter, saying that the first human patient […]

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Scotland-based tech startup Carcinotech raises £4.2M to advance cancer treatment with 3D-printed tumors

Nickie Louise Posted On January 29, 2024

Carcinotech, an Edinburgh-based startup Carcinotech specializing in 3D printed micro-tumors, has secured £4.2 million in funding to expand operations, intensify research and development efforts, and facilitate the company’s entry into the US market later this year. The round was led […]

2.2K Views