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Reddit finally files to go public; reveals $90.8 million in losses

Nickie Louise Posted On February 23, 2024

Popular social aggregation platform Reddit has officially filed for its long-anticipated initial public offering (IPO), submitting its S-1 filing to the Securities and Exchange Commission (SEC) following years of anticipation. The company intends to trade on the New York Stock […]

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Google suspends image generation in Gemini AI due to inaccuracies in historical image depictions

Nickie Louise Posted On February 22, 2024

Google’s latest venture into artificial intelligence, with its Gemini AI tool, has grabbed headlines. However, just days after unveiling its much-anticipated image generation feature, the tech giant is already facing backlash from angry users. In response to mounting criticism, Alphabet’s […]

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AI startup Jasper acquires image generator Clipdrop from Stability AI for text & image creation

Nickie Louise Posted On February 22, 2024

AI writing assistant startup Jasper announced on Thursday it has acquired the AI-powered photo application Clipdrop from Stability AI. This bold move signifies Jasper’s transition from solely focusing on text editing to embracing image creation and photo editing. The terms […]

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Reddit strikes a $60 million AI content licensing deal with Google

Nickie Louise Posted On February 22, 2024

Only three days following initial reports of social media platform Reddit’s $60-million AI content licensing deal with an undisclosed AI company, Reuters has now disclosed the identity of the AI firm. In an exclusive report last night, Reuters revealed that […]

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Binance Charity teams up with Superhumans Foundation, donates $150,000 to help Ukrainian citizens impacted by war

Nickie Louise Posted On February 22, 2024

February 24th marks two years of the Russian-Ukrainia war. In the last two years, millions of Ukrainians have been displaced from their homes, and businesses have been forced to close their doors. In light of these challenges, Binance Charity. the […]

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Loora raises $12M in Series A funding to expand its generative AI English tutoring platform

Nickie Louise Posted On February 21, 2024

The worldwide market for learning English is forecasted to exceed $70 billion by 2030. This growth is being fueled by a continued desire among people to improve their English skills, opening up better job prospects and social opportunities. Additionally, the […]

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Google releases ‘open’ AI model Gemma, joining Meta in the open-source AI race

Nickie Louise Posted On February 21, 2024

In a move that mirrors Meta’s earlier release, Google has ventured into the world of open-source AI, unveiling new AI models that are available for anyone keen on experimenting and innovating. On Wednesday, Google released Gemma, a new set of […]

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Bitcoin staking L2 Social Network gears up for scaling revolution with industry partners

Nickie Louise Posted On February 21, 2024

Bitcoin Layer-2 staking protocol Social Network is making waves in the industry with its recent announcement of a strategic partnerships aimed at advancing its scaling vision. Set to revolutionize Bitcoin staking while prioritizing environmental sustainability, Social Network is collaborating with […]

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Getty-backed AI startup BRIA raises $24M in Series A funding for ‘responsible’ AI image generation

Nickie Louise Posted On February 21, 2024

Israel-based generative AI startup BRIA has secured $24 million in Series A funding to expand its responsible and ethical visual generative AI platform. The round was led by GFT Ventures, Intel Capital, and Entree Capital, along with support from notable […]

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Walmart acquires TV maker Vizio for $2.3 billion to boost its ad business

Nickie Louise Posted On February 20, 2024

Walmart said on Tuesday that it has agreed to acquire TV manufacturer Vizio for $2.3 billion in a strategic move aimed at boosting its lucrative advertising business. As part of the deal, Walmart will acquire Vizio at $11.50 per share, […]

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Microsoft invests $2.1 billion to boost Spain’s AI industry

Nickie Louise Posted On February 20, 2024

Just days after Microsoft made a massive €3.2 billion investment in AI in Germany, the tech giant is now directing billions toward Spain. Microsoft revealed plans on Monday to inject $2.1 billion into expanding its artificial intelligence (AI) and cloud […]

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Brain Breakthrough: First Neuralink patient controls mouse with thoughts, Musk says

Nickie Louise Posted On February 20, 2024

Less than a month after the first human received a brain implant from Neuralink, company founder and CEO Elon Musk revealed on Tuesday that the recipient can now manipulate a computer mouse solely through their thoughts. During a live session on […]

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Disney star turned CEO: Bridgit Mendler rockets into space tech with the launch of satellite startup Northwood Space

Nickie Louise Posted On February 20, 2024

Bridgit Mendler, best known for her roles in “Good Luck Charlie” and “Wizards of Waverly Place,” has made a surprising career shift from Hollywood to space technology. Having reached millions through her various roles, she is now on a mission […]

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Lynex integrates ZK Proofs after partnering with Web3 security firm Salus

Nickie Louise Posted On February 19, 2024

Linea-based DEX and on-chain liquidity marketplace Lynex will receive a shot in the arm in the security stakes, after confirming a collaboration with blockchain security company Salus. The partnership will see the DeFi platform integrate Zero-Knowledge (ZK) technology for the […]

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SoftBank founder seeking to raise $100B for AI chip initiative to challenge Nvidia’s AI chip dominance

Nickie Louise Posted On February 19, 2024

SoftBank founder and CEO is reportedly seeking to raise a staggering $100 billion for a new AI chip venture that could potentially challenge Nvidia’s dominance in the industry, Bloomberg reported, citing sources close to the matter. The project, codenamed “Project […]

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OpenAI soars to $80 billion valuation in latest deal

Nickie Louise Posted On February 19, 2024

OpenAI has closed a deal that values the Microsoft-backed company at a staggering $80 billion or even more, nearly tripling its valuation in less than 10 months, according to an exclusive report from the New York Times. This marks a significant […]

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Toast Layoffs: Restaurant software giant cuts 10% of its workforce amid increasing competition and slow growth

Nickie Louise Posted On February 16, 2024

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 […]

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Sora: OpenAI unveils video AI model Sora that will let you create videos from text prompts

Nickie Louise Posted On February 15, 2024

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 […]

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Interview with Alex Alioto, co-founder and Head of Growth at Whimstay

Nickie Louise Posted On February 15, 2024

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 […]

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OpenAI vs Google: OpenAI is reportedly developing a web search engine to challenge Google’s dominance

Nickie Louise Posted On February 15, 2024

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 […]

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