In a clear illustration of the growing consolidation of wealth within a handful of major tech corporations, a recent chart published by Bloomberg highlights the fact that the top five big tech companies now collectively account for approximately a quarter […]
Apple workers in France began a nationwide strike on the day the iPhone 15 was released to demand better pay and working conditions. The Apple French employees are demanding a 7% wage increase and an end to the hiring freeze […]
Singapore-based food delivery startup Foodpanda confirmed on Friday that it is conducting a new round of layoffs as part of the company’s effort to cut costs and stay competitive. The company did not disclose the number of affected employees or […]
Mesh, a crypto startup facilitating the transfer of digital assets and the acceptance of cryptocurrency payments, has successfully closed a Series A funding round, securing a total of $22 million in investments. This funding marks a pivotal step for Mesh […]
In a strategic move aimed at bolstering its software division and tapping into the growing demand for artificial intelligence, Cisco Systems announced Thursday it has agreed to buy cybersecurity firm Splunk in an all-cash deal valued at $28 billion, Reuters […]
Roblox has acquired Y Combinator-backed voice tech startup Speechly to bolster its platform with voice chat moderation features. The news of the acquisition just two years after the gaming giant announced it was integrating voice chat on its Roblox platform. […]
Marketing automation startup Klaviyo finally made its US market debut on Wednesday. The Boston, MA-based startup successfully completed its initial public offering (IPO) with a valuation of $9.2 billion, surpassing its originally indicated price range. The company announced the pricing of […]
German autonomous vehicle startup Fernride has secured $50 million in Series A funding to further enhance the deployment of its “human-assisted” self-driving freight trucks within customer logistics yards, the company announced on Wednesday. Originally, the Munich-based startup had closed its […]
Last December, we dedicated an article to reflect upon the startups that didn’t make it through 2022. The previous year posed unique challenges for technology companies, particularly startups. As we’ve consistently highlighted, the startup landscape is notorious for its high […]
Are you ready to pay to use X (formerly Twitter)? The popular social media platform is planning to introduce a monthly fee for all users. Elon Musk said yesterday that all X’s users will soon have to pay “a small […]
Global Frontier Technology Ventures (GFT), a deep technology venture capital firm based in Palo Alto, California, has raised $140 million for its first fund, Fund I. The inaugural fund will focus on supporting early-stage startups in the fields of Artificial […]
We’ve been covering the story of Instacart’s IPO for about two years. Now the highly anticipated day has arrived. Instacart, the popular grocery delivery app, has officially entered the Nasdaq stock exchange today. The company has priced its shares at […]
” In August, Bard garnered 183 million visits, which accounted for just 13% of ChatGPT’s traffic.” While Google reigns supreme in the realm of search engines, the crown for artificial intelligence (AI) chatbots undoubtedly belongs to OpenAI’s ChatGPT. This fact […]
While all eyes are on the ongoing labor dispute between Detroit’s car manufacturers and their unionized United Auto Workers (UAW), one clear winner is already emerging—Elon Musk. The UAW went on strike on Friday, September 15, 2023, after negotiations with […]
In the rapidly evolving world of decentralized finance (DeFi) and blockchain technology, regulatory compliance has become a paramount concern as regulators around the world are grappling with how to best oversee this rapidly changing space. Web3, a term often used […]
Instacart’s long-awaited IPO is finally here after months of waiting. The online grocery delivery startup is set to go public this Tuesday, marking one of the year’s most highly anticipated public offerings. Following the successful IPO of Arm, a chip […]
Chinese AI startup Fourth Paradigm is selling 18.4 million shares in a price range of HK$55.60 to HK$61.16 each as it aims to raise up to $161 million from its initial public offering (IPO). Fourth Paradigm is one of the […]
Earlier this week, Apple unveiled its iPhone 15 Pro featuring a titanium case and USB-C charging. However, the launch was overshadowed by news from France. A French government watchdog agency ordered Apple to withdraw the iPhone 12 from the French […]
Google has reached an agreement to settle claims brought by the state of California and private plaintiffs that the search giant misled consumers regarding its tracking of their locations and the user of their data without proper consent. As part […]
After a series of setbacks, SoftBank finally had a major win. The Japanese tech giant successfully launched the long-anticipated IPO of its chip design startup, Arm. The IPO got off to a strong start, with Arm’s shares rallying nearly 25% […]