General Motors’ Cruise announced in an internal memo on Thursday that it will lay off 900 employees or 24% of its workforce, the automotive giant confirmed to CNBC. This workforce reduction adds to the recent challenges faced by the Robotaxi […]
Tax preparation company H&R Block has unveiled a new conversational AI chatbot called AI Tax Assist to assist taxpayers in the upcoming tax season. This generative artificial intelligence chatbot is accessible through the paid versions of H&R Block’s DIY tax […]
Beijing-based 01.AI, a Chinese artificial intelligence startup founded by former Google China chief Lee Kai-fu, is raising up to $200 million in fresh funding, according to an exclusive report from Reuters. The move to raise funds comes amid a surge […]
In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology […]
Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every […]
Did Meta break the law? Authors are claiming that the company used their books without permission. According to a recent filing in a copyright infringement lawsuit, Meta Platforms, the parent company of Facebook and Instagram, allegedly ignored legal warnings about […]
Apex Fintech Solutions, a powerhouse in clearing services, announced on Tuesday that it has confidentially filed for a U.S. initial public offering (IPO) with the Securities and Exchange Commission (SEC), signaling a renewed push to go public. Apex did not disclose […]
TikTok just hit a major milestone by becoming the first non-game mobile app to rake in over $10 billion in consumer spending across both the Apple App Store and Google Play, according to a recent report by the app analytics […]
Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds […]
Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. […]
London-based payments startup SumUp announced on Monday that it secured 285 million euros (approximately $306.6 million) in new funding. The funding round was led by Sixth Street Growth, the growth arm of global investment firm Sixth Street, and saw participation […]
TikTok is gearing up for a comeback in the Indonesian e-commerce scene with a $1.5 billion investment in Indonesia’s biggest e-commerce platform Tokopedia. TikTok, owned by China’s ByteDance, announced on Monday that it will spend $840 million to acquire a […]
French open-source AI startup Mistral AI said on Monday it had raised 385 million euros (about $415 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. The funding comes less than […]
More than 10 million people signed up for X (formerly Twitter) so far in December, X CEO Linda Yaccarino said in a post on the social media platform on Thursday. This equates to an impressive average of 61,000 signups per […]
Embarking on the entrepreneurial journey is exhilarating, but startups face numerous challenges. From crafting a solid business plan to assembling a skilled team and implementing targeted marketing, each step is critical. Yet, securing funding often emerges as the linchpin for […]
Rhythms, a new AI startup founded by Vetri Vellore who previously sold his company to Microsoft, has emerged from stealth mode with $26 million in seed funding. The round was co-led by Greenoaks and Madrona with participation from Accel, and […]
While artificial intelligence grabs all the attention in the news, there’s another sector quietly making waves, and it’s not getting the recognition it deserves, despite nearing $1 trillion in spending. According to recent research by Statista indicates that global spending on the […]
JPMorgan Chase CEO Jamie Dimon is calling on the government to implement a cryptocurrency ban. Dimon made waves on Capitol Hill during his testimony before the U.S. Congress on Wednesday, suggesting that cryptocurrencies should be shut down and banned. Dimon, […]
Japan’s SoftBank is looking to sell a 1.1% stake in the Indian food delivery platform Zomato. The block deal is valued at 11.28 billion rupees ($135.36 million), according to a report from CNBC-TV18 on Thursday, citing sources familiar with the […]
Tokensoft, a digital asset and compliance platform, has joined forces with blockchain PR distribution service Chainwire to enhance crypto PR outreach. This collaboration aims to give Tokensoft a leg up by tapping into Chainwire’s top-notch PR platform, reaching out to […]