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Robinhood rival Freetrade acquires UK arm of Australian investing platform Stake

Nickie Louise Posted On October 1, 2024

British investment app startup Freetrade has agreed to acquire the UK arm of Australian platform Stake, according to an exclusive report from CNBC. The financial details of the deal remain undisclosed by both companies, including the value of Stake’s UK […]

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Top 10 companies hiring for artificial intelligence (AI) jobs

Nickie Louise Posted On October 1, 2024

The growing adoption of artificial intelligence (AI) across industries has sparked a significant demand for AI talent, as companies race to stay ahead in an increasingly competitive landscape. From financial services to telecommunications, organizations are pouring resources into hiring professionals […]

1.6K Views

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Generative AI startup Resolve AI secures $35M in seed funding to become your go-to AI production engineer

Nickie Louise Posted On October 1, 2024

Resolve AI, a new generative AI startup focused on automating software operations with AI, has secured $35 million in seed funding, led by Greylock. This investment marks the largest check written by the Silicon Valley firm this year, which previously […]

951 Views

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SpaceX Dragon safely docks at Space Station to rescue stranded Boeing Astronauts after engine failure

Nickie Louise Posted On September 30, 2024

After what was initially planned as a weeklong mission turned into months, two Boeing Starliner astronauts are now set to return home thanks to SpaceX. Yesterday, SpaceX’s Crew Dragon safely arrived at the International Space Station (ISS) to eventually ferry […]

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Klarna partners with fintech startup Adyen to bring ‘buy now, pay later’ to physical retail stores

Nickie Louise Posted On September 30, 2024

With rising financial pressures, millions of shoppers are turning to buy now, pay later (BNPL) services to manage their purchases. Adobe’s latest forecast predicts that consumers will spend a record-breaking $18.5 billion through BNPL this holiday season. While BNPL services […]

726 Views

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Epic Games is suing Google — again — and now Samsung is caught in the crossfire

Nickie Louise Posted On September 30, 2024

Earlier this year, Epic Games scored a significant win against Apple, three years after filing lawsuits against both Apple and Google, accusing them of monopolizing their app stores. Now, Epic is back in court, and this time, Samsung is caught […]

999 Views

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OpenAI expects to lose $5 billion this year; plans to raise ChatGPT Plus fees to $44 over 5 years

Nickie Louise Posted On September 30, 2024

Back in July, we covered OpenAI’s rapid cash burn as the company scaled at a breakneck pace. Now, a fresh report from the New York Times (NYT) suggests OpenAI may have to bump up its prices to keep things afloat. […]

813 Views

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Meta fined $102M for storing 600 million users’ passwords in plain text without encryption

Nickie Louise Posted On September 27, 2024

Meta has been hit with a €91M ($101.5M) fine by the EU privacy regulator after it was found to have stored millions of Facebook and Instagram passwords in an unencrypted format. The penalty follows a 2019 investigation, where it was […]

1.6K Views

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Top Universities That Produce the Most Startup Founders

Nickie Louise Posted On September 27, 2024

Launching a startup takes grit, resilience, and a great idea. The road to success is tough—more than 90% of startups fail and don’t make it. But choosing the right university can give aspiring founders a real edge. Schools with strong […]

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UK government acquires US-owned Coherent semiconductor factory for $27M to secure supply for military

Nickie Louise Posted On September 27, 2024

The British government has acquired a struggling semiconductor factory from U.S.-based firm Coherent for £20 million ($27 million). The move aims to ensure the domestic production of gallium arsenide semiconductors, essential components for military technologies, including fighter jets. In an […]

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Tonkeeper wallet now accepts HMSTR tokens for TON transaction fee payments

Nickie Louise Posted On September 26, 2024

Exciting news from Tonkeeper, the non-custodial wallet for TON’s blockchain: Users can now pay transaction fees with HMSTR tokens. Tonkeeper announced on Thursday its support for HMSTR, the token associated with the popular Telegram-based web3 game Hamster Kombat. Starting October 1, […]

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Google’s GV leads $11.1M investment in Finnish startup Distance to bring mixed reality to car windshields and plane cockpits

Nickie Louise Posted On September 26, 2024

Distance Technologies, a Finnish startup focused on bringing mixed-reality to any car windshield or plane cockpit, has secured €10 million ($11.1 million) in seed funding led by GV (Google Ventures) and existing backers FOV Ventures and Maki.vc. This funding comes […]

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Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million

Nickie Louise Posted On September 26, 2024

Visa has announced plans to acquire Featurespace, an enterprise tech startup focused on AI-driven fraud and financial crime prevention. While the exact terms of the deal haven’t been revealed, SkyNews reported the acquisition could be worth around £700 million ($935 […]

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OpenAI in talks to grant Sam Altman a 7% stake worth $10.5 billion as it transitions to a for-profit model

Nickie Louise Posted On September 26, 2024

Just a day after former CTO Mira Murati left the company, OpenAI is reportedly in talks to grant co-founder and CEO Sam Altman a 7% equity stake as it considers a shift to become a for-profit business. This would be […]

818 Views

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Mira Murati Leaves OpenAI After 6 Years

Nickie Louise Posted On September 25, 2024

Mira Murati, OpenAI’s Chief Technology Officer, announced on September 25, 2024, that she will be stepping down after more than six years at the company. Her decision marks the latest in a series of high-profile exits at OpenAI this year. […]

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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to pay $11 billion

Nickie Louise Posted On September 25, 2024

Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, was sentenced on Tuesday in New York federal court to two years in prison. She was also ordered to forfeit $11 billion […]

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The Cost of Training AI Models Has Skyrocketed—Up 3,550% Since 2020

Nickie Louise Posted On September 25, 2024

Since the launch of ChatGPT two years ago, there’s been a sharp increase in the mainstream adoption of AI, which is now reshaping various industries. But behind its success is a challenge that’s hard to ignore: the skyrocketing cost of […]

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Meridian secures $4M in seed funding to scale its decentralized liquidity marketplace and liquid staking platform

Nickie Louise Posted On September 25, 2024

Meridian, a Hong Kong-based decentralized liquidity marketplace and liquid staking protocol, has secured $4 million in seed funding to advance DeFi on the Movement ecosystem. The funding round was co-led by ParaFi Capital and Borderless Capital, with additional backing from […]

695 Views

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Nebius raises $1 billion to invest in AI infrastructure in Europe

Nickie Louise Posted On September 25, 2024

Nebius Group, an Amsterdam-based company that emerged from the split of Russian tech giant Yandex, said on Wednesday it plans to invest over $1 billion into AI infrastructure in Europe by mid-2025. In an announcement, Nebius founder and CEO Arkady […]

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Smartsheet to be acquired by Blackstone and Vista Equity Partners in $8.4 billion deal

Nickie Louise Posted On September 24, 2024

Earlier this month, we wrote about Smartsheet following reports that a consortium led by Vista Equity Partners and Blackstone was in discussions to acquire the workplace collaboration software company. Today, Reuters reported that Smartsheet has agreed to go private in […]

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