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Defense tech startup DEFCON AI raises $44M in funding to build next generation of AI-powered tools for the military

Nickie Louise Posted On August 20, 2024

The rise of drones and AI in warfare has transformed the battlefield, creating an urgent need for innovative military planning. Recognizing this challenge, McLean, Virginia-based defense tech startup DEFCON AI is developing advanced tools for modern military operations. Today, DEFCON […]

2.9K Views

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AI startup Recogni unveils new computing method to reduce AI energy consumption and cut costs

Nickie Louise Posted On August 20, 2024

The rapid growth of artificial intelligence (AI) is driving up energy consumption, posing significant environmental challenges. Training complex AI models requires vast computational power, leading to higher electricity usage and increased carbon emissions. As AI systems become more advanced, the […]

1.5K Views

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The future of AI and blockchain? io.net and Chainbase partner up

Nickie Louise Posted On August 20, 2024

Just a week after teaming up with NetMind.ai to boost their AI solutions, io.net has secured another partnership, this time focusing on the intersection of AI and blockchain. Today, the decentralized compute network io.net announced a new partnership with Chainbase, […]

1.8K Views

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GoPro to cut 15% of workforce as future remains uncertain

Nickie Louise Posted On August 19, 2024

Trouble deepens for GoPro after the action camera maker announced on Monday that it plans to reduce its workforce by about 15% this year as part of a major restructuring effort to lower operating costs. The once high-flying camera maker is […]

1.1K Views

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GM cuts over 1,000 tech jobs as it explores new AI initiatives

Nickie Louise Posted On August 19, 2024

General Motors (GM) is cutting more than 1,000 jobs globally in its software and services division to concentrate on what it calls “high-priority” projects, according to a report from CNBC. This decision follows a review aimed at streamlining operations within […]

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Waza emerges from stealth with $8M in funding to power cross-border payments for African businesses

Nickie Louise Posted On August 19, 2024

The Bank of England predicts that the global cross-border payments market will surpass $250 trillion by 2027. Yet, emerging economies, particularly in the Global South, continue to grapple with trade deficits, where the demand for the dollar—central to global trade—outstrips […]

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AMD buys server maker ZT Systems for $4.9 billion to expand its AI chip and take on Nvidia

Nickie Louise Posted On August 19, 2024

Advanced Micro Devices (AMD) announced on Monday it plans to acquire server maker ZT Systems for $4.9 billion to expand its AI chips and hardware to better compete with industry giant Nvidia. The acquisition will be funded 75% in cash, […]

1.1K Views

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How to Build an Audience for Your Startup Business and Product

Nickie Louise Posted On August 16, 2024

In a crowded landscape where countless startups vie for the same customers, what truly sets the winners apart is their audience. Yes, audience! You could launch the most perfect product, but if no one knows it exists, it’s just another […]

12.2K Views

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British fintech startup Revolut valued at $45 billion after secondary share sale

Nickie Louise Posted On August 16, 2024

Revolut’s valuation has surged to $45 billion after a secondary share sale to new and existing investors, positioning the British fintech startup ahead of some of Europe’s largest banks. Announced on Friday, the share sale—which allowed current employees to cash […]

1.2K Views

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Fintech startup Amount lands $30M in funding to power digital lending for banks and credit unions

Nickie Louise Posted On August 15, 2024

Amount, a fintech startup that provides technology to credit unions, banks, and financial institutions, has secured $30 million in equity funding to bolster its technology and push further into the credit union sector. The round was backed by Curql, a […]

1.2K Views

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Roper acquires Transact Campus for $1.5 billion to expand its education business

Nickie Louise Posted On August 15, 2024

Roper Technologies has agreed to acquire Transact Campus for $1.5 billion to enhance its services for higher education institutions and healthcare facilities, the company announced on Thursday. After the acquisition, Transact, known for its campus technology and payment solutions, will […]

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Fintech startup Klarna launches personal accounts and cashback offering to take on banks ahead of IPO

Nickie Louise Posted On August 15, 2024

Klarna, the fintech startup known for its buy now, pay later (BNPL) loans, is expanding its services with the launch of a personal account offering deposits and cashback rewards in the U.S. and Europe. This move comes as Klarna prepares […]

1.6K Views

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Truflation Releases its US Inflation Report Update for July 2024: US Economy Grows By 2.8% in Q2

Nickie Louise Posted On August 14, 2024

In recent months, the U.S. economy has been dealing with considerable uncertainty, characterized by changing inflation rates, supply chain issues, and shifting consumer habits. Now, Truflation has just come out with its comprehensive, US Inflation Report Update for July 2024. […]

1.2K Views

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Crypto exchange VALR now offers Euro wire transfers and EURC token

Nickie Louise Posted On August 14, 2024

With cryptocurrency use hitting new heights, Pantera-backed crypto exchange VALR has announced a significant boost to its European operations, adding a fresh option for Euro-denominated transactions. The Johannesburg-based VALR revealed this Wednesday that it is now listing EURO Coin (EURC), […]

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Mindbody ClassPass eyes IPO with Goldman Sachs as the lead banker

Nickie Louise Posted On August 14, 2024

ClassPass, the subscription-based fitness platform acquired by Mindbody in 2021, is setting its sights on an IPO within the next 12-18 months, with Goldman Sachs tapped as its lead banker, Reuters reported, citing the company CEO. Mindbody, based in California, […]

1.9K Views

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Solana-based platform Avatar.One helps over 120,000 active users in combating loneliness with 3D AI companions

Nickie Louise Posted On August 14, 2024

Loneliness has become a critical issue, affecting people across various age groups and regions. For older adults, loneliness is linked to a 50% higher risk of dementia and a 30% increased risk of stroke. To address this, Solana-based AI companion […]

1.7K Views

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Sahara AI raises $43M in funding to solve IP issues facing the AI industry

Nickie Louise Posted On August 14, 2024

Sahara AI, a decentralized AI startup co-founded by a University of Southern California associate professor, announced on Wednesday that it has secured $43 million in a Series A funding round to tackle complex copyright and privacy challenges in the AI industry. […]

1.5K Views

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Huawei set to launch new AI chip to challenge Nvidia dominance

Nickie Louise Posted On August 13, 2024

Huawei is on the verge of launching a new AI chip designed to challenge Nvidia’s dominance in China, the Wall Street Journal on Tuesday, citing sources. The new AI chip, named Ascend 910C, is currently undergoing tests with major tech […]

1.1K Views

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Google launches first AI-powered Android update, new Pixel 9 phones and gadgets lineup

Nickie Louise Posted On August 13, 2024

Google on Tuesday unveiled new AI features for Android devices, alongside its latest Pixel 9 smartphones. The company is intensifying its efforts to integrate artificial intelligence into its hardware, aiming to get ahead of competitors like Apple. The introduction of […]

1.3K Views

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Seattle-based startup ITpipes raises $20M to help cities streamline pipeline inspections

Nickie Louise Posted On August 13, 2024

Seattle-based ITpipes, a software startup that helps cities manage the maintenance of underground assets like sewer and storm systems, has secured $20 million in funding from Trilogy Search Partners of Seattle and Dallas-based Miramar Equity Partners. ITpipes provides software that […]

1.1K Views