Nickie Louise - Tech Startups

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Indian electric scooter startup OLA Electric to lay off 500 employees, just 3 months after IPO

Nickie Louise Posted On November 21, 2024

In August, OLA Electric made a public debut on the Indian stock market, with shares surging 20% on the first day and valuing the SoftBank-backed electric vehicle (EV) startup at $4.8 billion. However, just three months later, the 7-year-old company […]

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Business and enterprise spending on AI surges 500% to $13.8 billion as Anthropic gains market share over OpenAI

Nickie Louise Posted On November 21, 2024

While generative AI startups have attracted billions in funding, a parallel surge in business and enterprise spending underscores the growing adoption of artificial intelligence across industries. According to new data from Menlo Ventures, companies have spent $13.8 billion on generative […]

1.7K Views

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Bitcoin nears $100,000 as pro-crypto sentiment surges under Donald Trump’s second presidency

Nickie Louise Posted On November 21, 2024

Bitcoin continued its remarkable surge on Thursday, edging closer to the significant $100,000 milestone as investors anticipated a friendlier U.S. regulatory landscape under President-elect Donald Trump. A renewed wave of optimism surrounding cryptocurrencies is fueling what many are calling a […]

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Truflation partners with LandX to deliver real-time agricultural commodity pricing for DeFi and TradFi investors

Nickie Louise Posted On November 20, 2024

Just a month after teaming up with Scannit to improve data transparency and economic insights, Truflation, a leader in real-world asset indices and real-time economic data, has inked a new partnership. This time, the company is teaming up with LandX, […]

443 Views

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Prompt Security secures $18M Series A to address rising enterprise risks from generative AI adoption

Nickie Louise Posted On November 20, 2024

The widespread adoption of generative AI has created significant opportunities for businesses, boosting productivity and fostering innovation with tools like coding assistants and AI-driven applications. However, these advancements bring notable security risks, such as unvetted tools, potential data leaks, and […]

801 Views

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Fhenix launches Nitrogen testnet to transform Onchain confidentiality with FHE-powered decentralization

Nickie Louise Posted On November 20, 2024

Fhenix, an Israeli startup focused on building a privacy-centric blockchain platform, has announced a major upgrade to its testnet, Nitrogen. The update introduces enhanced decryption capabilities and features designed to improve decentralization, usability, and performance. As an Ethereum Layer 2 […]

441 Views

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Alphabet’s VC arm and Sequoia back Belgian startup Odoo, boosting SAP rival’s valuation to $5.3 billion

Nickie Louise Posted On November 20, 2024

Odoo, a Belgian startup taking on SAP in enterprise software, has raised its valuation to €5 billion ($5.3 billion) following a secondary share sale led by Alphabet’s venture fund, CapitalG, and Sequoia Capital. With more than 5 million users globally, […]

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Robinhood to acquire TradePMR for $300 million, expanding offerings to $7 trillion RIA market

Nickie Louise Posted On November 19, 2024

Robinhood Markets, the parent company of the popular trading app Robinhood, is set to acquire portfolio management platform TradePMR in a cash-and-stock deal valued at approximately $300 million, the companies announced on Tuesday. The acquisition marks Robinhood’s latest move to expand […]

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Americans Spend $546 Billion to Figure Out Their Taxes as the US Tax Code Grows from 5,000 Words in 1913 to 10 Million Today

Nickie Louise Posted On November 19, 2024

It’s 2024, and Americans are spending a staggering $546 billion annually just to navigate the U.S. tax system. Why? The tax code has ballooned into a 10-million-word labyrinth, making it 21 times longer than the entire Lord of the Rings […]

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Microsoft-backed tech startup d-Matrix launches first AI chip to revolutionize chatbots and video generation

Nickie Louise Posted On November 19, 2024

Silicon Valley-based AI startup d-Matrix announced Tuesday that it has started shipping its first AI chip, designed to support applications like chatbots and video generators. This milestone comes just over a year after the company secured $110 million in funding […]

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ServiceTitan, a software startup valued at $9.5 billion, files for U.S. IPO on Nasdaq

Nickie Louise Posted On November 18, 2024

ServiceTitan, a software startup that develops tools for home services businesses, filed paperwork on Monday for an initial public offering (IPO) in the U.S. The Glendale, California-based company plans to list its shares on the Nasdaq under the ticker symbol […]

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AI healthcare startup Forward shuts down after burning through $400 million from investors

Nickie Louise Posted On November 18, 2024

Forward, a once-promising healthcare startup that aimed to revolutionize care with its “doctor-in-a-box” modules, is shutting down. The closure comes just a year after the San Francisco-based company raised $100 million in funding, bringing its total fundraising to nearly $400 […]

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Space startup The Exploration Company raises $160M to develop reusable capsule, positioning itself as Europe’s answer to SpaceX

Nickie Louise Posted On November 18, 2024

Even as SpaceX dominates the space industry, investors are placing their bets on emerging startups that could fill gaps in a less crowded market. Among these is The Exploration Company (TEC), a Munich-based space startup making waves with its ambitious […]

621 Views

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TikTok parent ByteDance valued at $300 billion as revenue surges 30% to $110 billion

Nickie Louise Posted On November 18, 2024

ByteDance, the parent company of TikTok, has set its valuation at approximately $300 billion. The news comes after the company recently approached investors with a share buyback offer, according to sources and a document reviewed by Reuters. The proposed buyback […]

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Major advertisers, including IBM, Disney, and Comcast, return to X amid FCC scrutiny of NewsGuard

Nickie Louise Posted On November 15, 2024

After nearly a year-long boycott, major advertisers have resumed their campaigns on X (formerly Twitter). Companies including IBM, Disney, Comcast, Discovery, Warner Bros., and Lionsgate Entertainment have returned to the platform, signaling renewed trust in X’s leadership under CEO Linda […]

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SpaceX eyes $250 billion valuation in tender offer, positioning Elon Musk to become the world’s first trillionaire by the end of the decade

Nickie Louise Posted On November 15, 2024

Elon Musk’s SpaceX—the leader in rocket launches and high-speed satellite internet through Starlink—is gearing up for a tender offer in December, offering existing shares at $135 each, according to an exclusive report from The Financial Times citing insider sources. At […]

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Toyota-backed self-driving startup Pony AI seeks $4.48 billion valuation in U.S. IPO

Nickie Louise Posted On November 15, 2024

Late last month, Toyota-backed self-driving startup Pony AI announced plans to go public, marking a major milestone after eight years of development. The company has filed for an initial public offering (IPO) in the United States, targeting a valuation exceeding […]

883 Views

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Google launches Gemini Live app, bringing AI voice assistant to iPhone users

Nickie Louise Posted On November 14, 2024

Alphabet’s Google on Thursday launched a smartphone app for its AI chatbot, Gemini, on Apple’s App Store Thursday, bringing its latest voice assistant to iPhone users. This release follows Google’s recent rollout of Gemini Live in English for Android users […]

723 Views

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Crypto market cap hits $3.2 trillion, surpassing France’s GDP

Nickie Louise Posted On November 14, 2024

The crypto boom sparked by Trump’s recent November 5 victory shows no signs of slowing down, with Bitcoin reaching $90,000 and driving the global cryptocurrency market beyond the $3 trillion mark. On Thursday, crypto market capitalization hit a record $3.12 […]

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Climate tech startup Vaulted Deep raises $32M to inject carbon-containing waste deep underground and combat carbon emissions

Nickie Louise Posted On November 14, 2024

Carbon emissions are one of the major drivers of climate change, trapping heat in the atmosphere and fueling extreme weather, rising sea levels, and biodiversity loss. According to Bloomberg climate data, global energy-related CO₂ emissions rose by 1.1% in 2023, hitting a […]

821 Views