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KKR acquires 35% stake in Japanese software maker Fuji Soft, potentially blocking rival Bain’s higher bid for privatization

Nickie Louise Posted On November 7, 2024

In September, we reported that Bain Capital made a $4.1 billion offer to acquire Japanese software developer Fuji Soft, surpassing a previous bid from private equity competitor KKR. Now, KKR has responded with a strategic move that could potentially block […]

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OpenAI acquires Chat.com from HubSpot’s founder — Is this the end of ‘GPT’ era as we know it?

Nickie Louise Posted On November 7, 2024

OpenAI has officially acquired the domain Chat.com from Dharmesh Shah, HubSpot’s co-founder and CTO. While the exact amount paid remains undisclosed, the deal is likely substantial. As reported in April, Shah purchased the domain for $15.5 million in 2023, marking […]

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Tesla stock doubles from $142 in April to $286 following Trump’s victory

Nickie Louise Posted On November 6, 2024

Tesla shares soared 13% on Wednesday after Donald Trump’s presidential election victory, as investors speculated that the win could benefit Elon Musk, Tesla’s CEO and one of Trump’s key supporters. In a bold move that went against typical corporate stances, […]

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AI startup Perplexity AI is close to raising $500 million round at a $9 billion valuation

Nickie Louise Posted On November 6, 2024

Perplexity AI is reportedly in the final stages of securing an additional $500 million funding round at a $9 billion valuation, according to a CNBC source. This news arrives just weeks after initial reports that the AI startup was in […]

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Bitcoin hits new all-time high price of $74,978 following Trump’s US Presidential Election victory

Nickie Louise Posted On November 6, 2024

Bitcoin hit a new all-time high after Donald Trump was declared the winner of the US presidential election. Early Wednesday, the price of Bitcoin soared past $75,000, breaking its previous record of just under $74,000 from March. Data from CoinGecko […]

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Spanish startup Acai Travel secures $4M Seed funding to transform travel operations with AI

Nickie Louise Posted On November 5, 2024

In an industry still heavily dependent on human agents, managing the workload has become increasingly challenging. Tools available to travel agents have lagged behind the rising demands and complexities, further intensified by new systems and distribution methods introduced post-COVID. Compounding […]

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Robotics AI startup Physical Intelligence raises $400M from Jeff Bezos and OpenAI, now at $2.4 billion valuation

Nickie Louise Posted On November 5, 2024

Robotics AI startup Physical Intelligence has raised $400 million in new funding from high-profile investors including Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital, CNBC reported on Monday. This latest round pushes the San Francisco-based company’s valuation to $2.4 billion, […]

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Nvidia in talks to invest in Elon Musk’s AI startup, xAI

Nickie Louise Posted On November 4, 2024

Elon Musk’s AI startup xAI is reportedly in discussions with Nvidia to secure a major investment aimed at accelerating the development of its large language model, Grok, according to a report from the New York Post. Sources told the Post […]

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Miro, a unicorn startup once valued at $17.5 billion, is laying off 18% of its workforce amid competitive pressures

Nickie Louise Posted On November 4, 2024

Miro, a productivity software startup valued at $17.5 billion, is laying off around 275 employees—approximately 18% of its workforce—as it faces intense competition in the crowded productivity software market, The Information reports. This marks Miro’s second round of layoffs in […]

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Self-driving startup DeepRoute.ai raises $100M to fuel mass adoption of autonomous driving and take on Tesla in China

Nickie Louise Posted On November 4, 2024

Chinese self-driving startup DeepRoute.ai has secured $100 million in new funding from an automaker, aiming to expand its self-driving systems across China and challenge Tesla in the competitive market, the company announced on Monday. The latest funding arrives three years […]

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Apple acquires Pixelmator, a popular photo-editing software founded by two Lithuanian brothers

Nickie Louise Posted On November 1, 2024

Apple has acquired Pixelmator, a startup best known for its photo-editing software, primarily on macOS and iOS. In a post on its website, Pixelmator announced its plans to join Apple. The terms and the acquisition cost were not disclosed. In […]

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ChatGPT Search: OpenAI launches real-time ChatGPT web search to challenge Google’s dominance

Nickie Louise Posted On November 1, 2024

Back in May, OpenAI stirred interest when it first announced its plan to launch an AI-powered search tool to take on Google’s long-standing dominance in search. Fast forward just five months later, the company has unveiled ChatGPT web search, a […]

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Buddy.ai, first AI tutor for kids under 12, closes $11 million in seed funding

Nickie Louise Posted On October 31, 2024

To achieve the fourth Sustainable Development Goal of universal basic education, the world faces the challenge of addressing a critical shortage of 40 million primary and secondary teachers by 2030. Limited personnel and funding resources make this a daunting goal, […]

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Nexo rebrands as premier digital assets wealth platform

Nickie Louise Posted On October 31, 2024

As digital assets move from niche investments to essential wealth-building tools, Nexo, a leader in crypto finance, has just launched a major rebrand and platform redesign that sets a new bar for digital wealth management. Announced on Bitcoin Whitepaper Day, […]

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Nvidia’s proposed $700M acquisition of AI startup Run:ai faces EU antitrust scrutiny

Nickie Louise Posted On October 31, 2024

AI chip powerhouse Nvidia is hitting an EU antitrust hurdle with its planned $700 million acquisition of Israeli AI startup Run:ai. The European Commission announced Thursday that it would review the deal, raising competition concerns in the markets where both […]

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io.net partners with GAIB to boost GPU accessibility and innovation in AI compute

Nickie Louise Posted On October 31, 2024

io.net, the top decentralized GPU network, is on a hot streak. Just two weeks after teaming up with ParallelAI to expand decentralized GPU computing for generative AI, io.net has now secured a new strategic partnership with GAIB, the first economic […]

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Suilend launches SpringSui to accelerate liquid staking and yield opportunities on Sui Network

Nickie Louise Posted On October 31, 2024

In today’s financial world, borrowing from traditional banks can feel like an uphill battle. With strict credit checks, lengthy application processes, and high interest rates, accessing capital is often a struggle for individuals and businesses. Now, decentralized finance (DeFi) is […]

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Dropbox lays off 20% of its total workforce, cutting more than 500 jobs

Nickie Louise Posted On October 30, 2024

Dropbox has announced a 20% reduction in its workforce, impacting 528 employees, as part of its efforts to fuel revenue growth and reduce expenses. CEO Drew Houston described the move as necessary for navigating a “transitional period,” aiming to streamline […]

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Sam Altman’s stake in Reddit surpasses $1 billion after earnings boost

Nickie Louise Posted On October 30, 2024

Reddit shares surged 22% in extended trading on Tuesday, hitting $100 for the first time after the company posted third-quarter earnings that exceeded analyst expectations and issued an optimistic outlook. This rally has made OpenAI CEO Sam Altman one of […]

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AI investments make up 33% of total U.S. venture capital funding in 2024

Nickie Louise Posted On October 30, 2024

AI continues to dominate in 2024, capturing investor interest as the field’s rapid growth fuels mainstream adoption. The rise of ChatGPT two years ago set off a surge in AI investment, driving billions toward promising generative AI startups across industries. […]

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