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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

762 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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Amazon walks away from $1.7 billion deal to buy Roomba maker iRobot

Nickie Louise Posted On January 29, 2024

Amazon and Roomba-maker iRobot have called off their $1.4 billion deal due to uncertainties surrounding regulatory approval, the two companies announced on Monday. Amazon withdrew from the agreement after iRobot said that the deal has “no path to regulatory approval […]

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Fintech startup Brex is hemorrhaging $17 million a month, sparking concerns about future growth

Nickie Louise Posted On January 29, 2024

Brex, a fintech startup known for offering corporate credit cards to startups, is facing some challenges. The news comes at a time when startups are struggling to raise funding due to the worsening global economic conditions and high interest rates. […]

1.6K Views

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ChatGPT Privacy Concerns: Italian watchdog finds OpenAI’s ChatGPT in violation of privacy regulations

Nickie Louise Posted On January 29, 2024

OpenAI is under fire again after the Italian watchdog accused the maker of the popular AI tool ChatGPT of breaking privacy laws in Italy. Italy’s data protection authority said on Monday that it has informed OpenAI that its ChatGPT artificial […]

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