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Salesforce cuts 700 jobs, or about 1% of its global workforce as tech layoffs top 25,000 in 2004

Nickie Louise Posted On January 26, 2024

Salesforce is laying off around 700 employees, or approximately 1% of its global workforce, as major U.S. tech companies started 2024 with fresh plans to reduce their headcount, the Wall Street Journal reported on Friday. Despite the layoffs, the report […]

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Musk’s AI startup X.AI to raise $6 billion in funding at a proposed valuation of $20 billion

Nickie Louise Posted On January 26, 2024

Elon Musk’s AI startup, xAI, is reportedly in discussions to secure up to $6 billion in funding, with a proposed valuation of $20 billion, as Musk seeks to rival OpenAI, the Financial Times reported on Friday. If successful, this funding […]

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Microsoft lays off 1,900 employees across its gaming division just a day after reaching $3 trillion valuation

Nickie Louise Posted On January 25, 2024

Microsoft said Thursday it plans to lay off 1,900 employees across its gaming divisions, including Xbox and Activision Blizzard, which the tech giant acquired last year for a whopping $69 billion, The Verge reported. The news comes just a day […]

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Publicis invests €300 million in AI to reshape advertising and predict impact

Nickie Louise Posted On January 25, 2024

Publicis Groupe, the world’s largest advertising group in terms of market value, said on Thursday it plans to invest 300 million euros ($326.94 million) in artificial intelligence (AI) over the next three years. This investment is part of the Paris-based […]

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Robotic kitchen startup Aniai secures $12 million in funding to bring its burger-cooking robot to restaurants

Nickie Louise Posted On January 24, 2024

Aniai, a New York-based robotic kitchen startup, announced today it has raised $12 million in pre-Series A funding for its hamburger-grilling robot, Alpha Grill. The funding round, led by InterVest, a prominent venture capital firm in South Korea, brings Aniai’s […]

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Microsoft hits $3 trillion market valuation for the first time ever

Nickie Louise Posted On January 24, 2024

Microsoft on Wednesday made history surpassing the $3 trillion in market valuation for the first time, solidifying its position as the second most valuable company globally, just trailing behind Apple, the maker of iPhones. The news comes a year after […]

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eBay to cut 1000 jobs as tech companies laid off thousands in 2024

Nickie Louise Posted On January 24, 2024

eBay announced on Tuesday it will cut about 1,000 jobs, or an estimated 9% of its current workforce, as the e-commerce retailer joins a growing list of tech companies downsizing in January. Alongside the job cuts, the company said it […]

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Plural, a venture firm launched by Wise and Skype founders, secures $436 million for new fund targeting European tech startups

Nickie Louise Posted On January 23, 2024

For over a decade now, Europe has been trailing behind the United States in terms of startup funding. However, there’s a promising shift on the horizon, as a team of seasoned entrepreneurs, the brains behind Wise and Skype, is gearing […]

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Killer Whales, the Shark Tank of Crypto, partners with UNCX Network to boost DeFi on crypto reality show

Nickie Louise Posted On January 23, 2024

It’s official, Killer Whales is ready to swim with DeFi giant UNCX Network. Today, Killer Whales, the Shark Tank of Crypto, announced decentralized multi-chain service provider UNCX Network as its DeFi partner. In a statement on Tuesday, UNCX Network said […]

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Riot Games lays off over 500 employees, or 11% of its workforce

Nickie Louise Posted On January 23, 2024

Riot Games, a subsidiary of Tencent Holdings, recently announced its plan to reduce its global workforce by about 11%, affecting approximately 530 employees. The news was shared in a blog post on Monday, which included a letter to the employees […]

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Flexport secures $260 million in funding from Shopify following a 20% job cut

Nickie Louise Posted On January 23, 2024

Flexport, the struggling logistics startup that faced challenges and had to implement job cuts last year to reduce costs, has received a significant financial boost. Flexport announced it has secured $260 million in funding through uncapped convertible notes from the […]

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New Zealand-based startup Marama Labs raises €1.75m for hazy wine tech scale-up and life sciences entry

Nickie Louise Posted On January 22, 2024

Marama Labs, a deep-tech startup based in New Zealand and Ireland, has raised €1.75 million in funding. The oversubscribed seed-plus round was led by European agritech investor The Yield Lab. The round also saw participation from existing investors including New […]

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Apple’s $3,499 Vision Pro now available for pre-order ahead of February 2 launch

Nickie Louise Posted On January 22, 2024

Preorders for Apple’s pricy Vision Pro headset began Thursday ahead of its U.S. release on Feb. 2. The virtual reality headset starts at $3,499, and buyers also have the option to pay in 12-month installments. Preorders are now open for […]

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Microsoft Hacked: Hackers stole Microsoft corporate emails in a month-long data breach

Nickie Louise Posted On January 22, 2024

Microsoft announced on Friday that a Russian state-sponsored hacking group successfully breached the email accounts of several senior leaders within the company. The disclosure was made through a regulatory filing by the software giant. In a statement on January 19, […]

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Voice AI startup ElevenLabs reaches unicorn status with $80 million Series B raise

Nickie Louise Posted On January 22, 2024

Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia […]

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Meta’s Open AGI: Zuckerberg says Meta to build open-source artificial general intelligence (AGI) and make it available to all

Nickie Louise Posted On January 19, 2024

Mark Zuckerberg announced on Thursday that Meta is planning to build its own artificial general intelligence (AGI) and release it as open-source (open AGI) software and make it freely available to the general public. “Our long-term vision is to build […]

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AI startup Cohere in talks to raise between $500 million to $1 billion in new funding, sources

Nickie Louise Posted On January 19, 2024

Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. […]

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TrusTrace, a Stockholm-based SaaS startup, raises $24 million in funding to expand its global footprint

Nickie Louise Posted On January 18, 2024

TrusTrace, a Stockholm-based SaaS startup and provider of product traceability and compliance, has secured $24 million in growth funding. The funding round was led by Circularity Capital, a specialist investor in businesses contributing to the circular economy, and saw participation […]

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Barclays relaunches Cambridge coworking space for climate tech startups

Nickie Louise Posted On January 18, 2024

Barclays, the British multinational universal bank, has relaunched its Cambridge Eagle Lab with a fresh emphasis on supporting high-growth climate tech startups in connecting, growing, and scaling, the bank announced on Thursday. The revamped space offers dedicated pre-seed and bridge […]

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BMW partners with AI robotics startup Figure to deploy humanoid robots in U.S. plants and take on Tesla

Nickie Louise Posted On January 18, 2024

AI robotics startup Figure announced on Thursday it signed a partnership with BMW Manufacturing to deploy its humanoid robots at BMW’s facility in the U.S. The move reflects a growing trend among companies to utilize human-like robots for specific physical […]

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