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Nvidia set to become the world’s first $1 trillion chipmaker as the AI boom rages on

Nickie Louise Posted On May 30, 2023

Nvidia is poised to become the world’s first chipmaker company with a $1 trillion market capitalization, joining the exclusive trillion-dollar club of Alphabet, Amazon, Apple, and Microsoft. Nvidia was on track on Tuesday to breach the $1 trillion market cap […]

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‘Everyone is a programmer’ with generative A.I., Nvidia CEO says

Nickie Louise Posted On May 29, 2023

The advancement in the field of generative artificial intelligence (AI) has revolutionized the way we interact with computers, thanks in part to tools like ChatGPT. Nvidia CEO Jensen Huang said on Monday that the era of artificial intelligence has opened […]

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Nvidia nears becoming a member of the exclusive trillion-dollar club of Alphabet, Amazon, Apple, and Microsoft

Nickie Louise Posted On May 26, 2023

While the exclusive trillion-dollar tech club has been shrinking over the past years due to the ongoing economic slowdown sparked by geo-political risks and high-interest rates, the club is about to welcome its new member: Nvidia. In a remarkable surge […]

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World Mobile launches commercial telecom network in Zanzibar to bridge the digital divide in Africa

Nickie Louise Posted On May 26, 2023

World Mobile, a mobile network that has been instrumental in narrowing the digital divide in Africa, today announced the successful launch of its commercial telecom network in Zanzibar. This network is not only providing accessible mobile data services to those […]

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FDA approves Neuralink’s first-in-human clinical trial of brain-implant

Nickie Louise Posted On May 26, 2023

The US Food and Drug Administration (FDA) has given its approval to Elon Musk’s company Neuralink to start testing its brain implant on humans. In an announcement on Thursday, Neuralink said the FDA had given the green light to its […]

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HubSpot co-founder Dharmesh Shah bought Chat.com for over $10 million and sold it for a profit 2 months later; to donate part of the profit to KhanAcademy

Nickie Louise Posted On May 25, 2023

HubSpot co-founder and CTO Dharmesh Shah made headlines back in March when he purchased the domain name chat.com for over $10 million. At the time, many called it a strategic move for the future after he acquired the domain Connect.com […]

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OpenAI’s Sam Altman raises $115M for Worldcoin, a startup that scans people’s eyes in exchange for free cryptocurrency

Nickie Louise Posted On May 25, 2023

OpenAI founder and CEO Sam Altman has raised $115 million in a Series C funding round for Worldcoin, a startup he co-founded with theoretical physics student Alex Blania and Max Novendstern, a former investment associate at Bridgewater Associates. The round […]

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AI startup Figure raises $70M to build autonomous humanoid robots; now valued at $400 million

Nickie Louise Posted On May 24, 2023

Figure, an AI Robotics startup building general-purpose humanoid robots, has raised $70 million in Series A funding to accelerate the development and accelerate the development and manufacturing of the first-of-its-kind AI autonomous humanoid called Figure 01. The round was led […]

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Israeli cybersecurity startup Memcyco secures $10M to protect brands and businesses from brandjacking fraud

Nickie Louise Posted On May 24, 2023

Cybercrime is on the rise, with attacks becoming increasingly common and sophisticated with damages predicted to reach $10.5 trillion annually by 2025. To date, ordinary internet users who browse websites and communicate online are becoming victims of traps and scams, […]

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JPMorgan to invest over $200 million in emerging carbon removal technologies

Nickie Louise Posted On May 23, 2023

As part of its effort to further accelerate its operational sustainability goals, JPMorgan Chase joined a group of tech companies including Autodesk, H&M Group, and Workday in buying $1 billion worth of carbon dioxide removal. At the time, the five […]

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OpenAI rival Anthropic raises $450 million in funding with backing from Google to take on ChatGPT

Nickie Louise Posted On May 23, 2023

Despite a dramatic decline in startup funding since early 2022, generative AI startups continue to secure significant investments from deep-pocket investors. The most recent example is Anthropic, an OpenAI rival backed by Alphabet. Today, Anthropic announced today it has closed […]

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Sequoia India-backed AI startup Gan.ai raises $5.25M in funding for its AI-powered video platform

Nickie Louise Posted On May 23, 2023

The rise of ChatGPT has sparked a rapid surge in the mainstream adoption of generative artificial intelligence (AI) across industries. Since its launch late last year, many companies began to capitalize on its growing popularity and incorporate AI into their […]

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Facebook’s Meta sells Giphy to Shutterstock for $53 million, just 3 years after acquiring it for $400 million

Nickie Louise Posted On May 23, 2023

Facebook’s parent company Meta has sold Giphy to Shutterstock as part of the company’s effort to comply with a UK regulator’s order, Reuters reported. In an announcement on Tuesday, Shutterstock said it has reached an agreement to buy the popular […]

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Fintech firm Wise’s CFO resigns just days after CEO announced a 4-month sabbatical leave

Nickie Louise Posted On May 22, 2023

UK-based fintech giant Wise’s Chief Financial Officer (CFO) Matt Briers has resigned from the company, CNBC reported. Wise announced on Monday that Briers, who joined the money transfer firm in 2015, is leaving the company next year. Shares of Wise […]

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Sotheby’s sells bankrupt crypto firm Three Arrows Capital’s NFT collection for nearly $2.5 million at auction

Nickie Louise Posted On May 22, 2023

Sotheby’s, the world’s largest auction house for art and luxury items, announced on Friday that it has sold seven non-fungible tokens (NFTs) from bankrupt cryptocurrency hedge fund Three Arrows Capital for about $2.5 million. Among the tokens sold, “Fidenza #725” received […]

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India’s most valuable fintech startup PhonePe raises another $100M, pushes its total funding to $850M

Nickie Louise Posted On May 22, 2023

India’s leading fintech startup PhonePe has secured an additional $100 million in funding from General Atlantic, pushing the tally to $850 million in an ongoing financing round. This investment marks the fifth consecutive fundraise for PhonePe in the current year. […]

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Facebook’s Meta fined a record $1.3 billion for transferring EU users’ data to the US

Nickie Louise Posted On May 22, 2023

Meta, the parent company of Facebook, has received a historic fine of 1.2 billion euros ($1.3 billion) from the European Union privacy regulator. This decision was made by the Data Protection Commissioner (DPC) in Ireland, giving Meta a five-month deadline […]

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Jeff Bezos’ Blue Origin wins NASA contract to build astronaut lunar lander

Nickie Louise Posted On May 19, 2023

Jeff Bezos’ space company, Blue Origin, has won the highly-coveted NASA contract to build a spacecraft that will send astronauts to and from the moon’s surface. In an announcement on Friday, NASA’s chief said that a team led by Blue […]

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From Shopify to global enterprise: The 5 biggest companies that began as a Shopify dropshipping store

Nickie Louise Posted On May 19, 2023

In today’s world, the opportunities to embark on a path of entrepreneurial success are boundless. When it comes to lucrative ventures, e-commerce, and drop shipping reign supreme, thanks to the remarkable growth of platforms like Shopify. These websites have revolutionized the […]

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Chinese EV maker Nio invests $142 million in nuclear fusion startup Neo Fusion

Nickie Louise Posted On May 19, 2023

Despite billions of dollars being poured into generative AI startups following the recent success of ChatGPT, investors are slowly warming up to nuclear fusion startups as the technology shows increasing promise. Last week, we wrote about Helion after Microsoft agreed […]

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