Elon Musk, the owner of Twitter, and Tesla and SpaceX CEO, today announced the launch of a new AI company called xAI with the goal of understanding the depths and the fundamental nature of the universe. According to the xAI […]
Back in June, we wrote about Nvidia after the chipmaker, along with other tech giants poured $1.3 billion into Inflection, an AI startup founded by LinkedIn and DeepMind co-founders. Now, with Nvidia boasting a staggering market capitalization exceeding one trillion […]
MarketAcross, the world’s leading PR and content marketing solution for blockchain startups, today announced that it has entered into a channel partnership with Chainlink Labs, a developer of Chainlink, the industry-leading Web3 services platform. This channel partnership will help support […]
The AI boom sparked by the sudden success of OpenAI ChatGPT shows no signs of fading. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative AI startups. The latest is Sapphire Ventures, […]
While the tech stocks have had a great year so far, the same cannot be said about tech employees as they face more job cuts. In a surprised announcement on Monday, Microsoft confirmed that it is eliminating additional jobs in […]
Private equity firm TPG is set to acquire the government cybersecurity business of Forcepoint, a software company owned by Francisco Partners, in a deal worth $2.45 billion, the company said on Monday. While the specific terms of the agreement have […]
Chinese tech giant Alibaba on Friday announced the launch of its latest artificial intelligence (AI) tool called Tongyi Wanxiang. The tool is designed to generate images based on text prompts, putting it in direct competition with OpenAI’s DALL-E and Midjourney […]
Oddity Tech, an Israel consumer-tech startup that helps in the development and expansion of digital-first brands, is working with bankers to put together a plan for its initial public offering (IPO) in the United States. In an announcement made on Monday, […]
Imec, a Belgian chip technology firm that is creating human-specific living brain models, has received a fresh capital infusion from the European Union and Belgium’s regional Flemish government to support its research in nanoelectronics and nanotechnology. The European Union and […]
Jack Dorsey’s backed Twitter competitor Bluesky said on Wednesday that it has raised $8 million in seed funding. The news of the funding follows its conversion from a public benefit LLC to a public benefit C Corp “in order to […]
After weeks of speculations, Meta finally launched its highly-anticipated Twitter rival called Threads on Thursday. The launch proved to be an instant hit, attracting over 10 million users within a matter of seven hours. The impressive user base accounts for […]
Back in April, we wrote about Temu after the ultra-low-cost e-commerce platform startup owned by Pinduoduo made its debut in Europe following a successful U.S. launch. The move was part of Temu’s push to make inroads into the overseas market […]
Thermo Fisher Scientific, a global company specializing in medical equipment and analytical instruments, announced Thursday that it is acquiring data intelligence company CorEvitas from Audax Private Equity in a cash transaction worth $912.5 million. The Massachusetts-based CorEvitas provides data and […]
World Mobile, a decentralized wireless network operator, announced today the appointment of Manoj Kohli as an advisor. Manoj brings with him an extensive background in the telecommunications industry, with over four decades of experience. He has held prestigious positions such […]
Meta will release its new text-based microblogging app called Threads on Thursday, July 6th, positioning it as a competitor to Twitter. The app is currently available for pre-order on the Apple App Store in the US and will be linked […]
Chinese AI startup Beijing Fourth Paradigm has received regulatory approval for its initial public offering (IPO) listing in Hong Kong, according to a July 3 filing on the China Securities Regulatory Commission (CSRC) website. With this approval, Fourth Paradigm now […]
Four years ago, we reported on Apple’s historic achievement as the first U.S. company to reach a market valuation of $1 trillion on August 2, 2018. Since then, Apple’s market value has continued to soar, marking significant milestones along the […]
Merama, a Latin America-based e-commerce startup that achieved unicorn status within just a year in business, has laid off nearly 10% of its staff, according to an exclusive report from Reuters, citing a statement from the company CEO Sujay Tyle. […]
While generative AI continues to dominate the headlines, things have been relatively quiet on the blank-check merger front. But that doesn’t mean special purpose acquisition company (SPAC) deals aren’t happening. It’s just that the number of SPAC deals has dwindled […]
Despite a funding drought affecting many startups, the generative AI startups continue to ride the wave of the ChatGPT-led AI boom as investors pour billions into the space hoping to find the next OpenAI. The latest is Typeface, a generative […]