Nickie Louise - Tech Startups

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Intel CEO Pat Gelsinger steps down just a week after the chipmaker receives $8 billion from Biden administration

Nickie Louise Posted On December 2, 2024

Just a week after receiving an $8 billion funding boost from the Biden administration, Intel CEO Pat Gelsinger has stepped down from the helm of the struggling chipmaker. The announcement comes less than four years into his tenure, leaving the […]

1.6K Views

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Elon Musk vs. OpenAI (again): Musk seeks to block OpenAI’s transition to a fully for-profit business

Nickie Louise Posted On December 2, 2024

Just eight months after suing OpenAI and its CEO Sam Altman for “breach of contract” and abandonment of original mission, Elon Musk has now intensified his legal battle to block OpenAI’s transition to a fully for-profit business amid ongoing antitrust […]

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From rejection to triumph: How a Tesla job applicant turned a setback into a full-time offer after 6 years of hard work

Nickie Louise Posted On November 28, 2024

Tesla is widely regarded as one of the most sought-after tech employers, attracting millions of applications every year. In 2021 alone, the electric vehicle giant received an astounding 3 million job applications from hopeful candidates. With just 0.5% of applicants […]

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Toyota-backed self-driving startup Pony AI raises $260M in U.S. IPO, valued at $4.55 billion

Nickie Louise Posted On November 27, 2024

In October, Pony AI revealed plans to go public, marking a significant milestone after eight years of development. Just two weeks ago, the Toyota-backed self-driving startup filed for a U.S. initial public offering (IPO), aiming for a valuation above $4 […]

2.8K Views

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Just Eat Takeaway exits London Stock Exchange after a decade

Nickie Louise Posted On November 27, 2024

Just Eat Takeaway announced on Wednesday that it will delist from the London Stock Exchange (LSE) next month, marking a setback for the U.K.’s efforts to attract more high-growth tech firms to its stock market. The decision comes 10 years after […]

882 Views

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Faircraft secures €15M to scale production of lab-grown leather for luxury markets

Nickie Louise Posted On November 26, 2024

The global leather goods market is currently valued at $250 billion to $407 billion and is projected to grow to $743.50 billion by 2030. Within this market, animal leather was worth $100 billion in 2023 and is expected to reach […]

2.4K Views

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Biden extends $6 billion lifeline to struggling EV startup Rivian amid growing unsold inventory on dealer lots

Nickie Louise Posted On November 26, 2024

Just two months before President-elect Trump takes office, the Biden administration is rushing to allocate billions in taxpayer funds to support Rivian Automotive, a struggling electric vehicle startup grappling with unsold inventory and faltering demand. This decision follows a recent […]

1.3K Views

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Meta’s funding suspension for VR app developers sparks startup layoffs

Nickie Louise Posted On November 26, 2024

Earlier this month, Meta Platforms made waves after suspending funding for VR app developers, leading some startups to make tough decisions and lay off their employees. This shift highlights a strategic pivot in Meta’s approach to its VR division, which […]

2.2K Views

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LightOn shares surge 9% in market debut as Europe’s first listed generative AI startup goes public

Nickie Louise Posted On November 26, 2024

With the number of generative AI startups steadily climbing since ChatGPT’s debut in 2022, one company has taken the leap to go public, becoming Europe’s first listed generative AI startup. Paris-based generative AI startup LightOn made its market debut today, […]

857 Views

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Huawei launches Mate 70 Series, first phones featuring its self-developed HarmonyOS NEXT operating system

Nickie Louise Posted On November 26, 2024

Huawei on Tuesday unveiled the Mate 70 series, its latest smartphone running on the company’s self-developed HarmonyOS NEXT operating system. This marks another step in Huawei’s drive for technological independence amid ongoing U.S. sanctions. The Mate 70 follows the release […]

7.6K Views

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Northvolt, once a symbol of Europe’s electric car revolution, files for bankruptcy after burning through $10 billion in investor cash

Nickie Louise Posted On November 25, 2024

Just last week, we covered the collapse of Northvolt after its CEO and co-founder, Peter Carlsson, stepped down following a Chapter 11 bankruptcy filing. Once viewed as the driving force behind Europe’s electric car revolution, the Swedish EV battery startup […]

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ElectraLith, a Rio Tinto-backed tech startup, nears $17.9M second funding round amid lithium market struggles

Nickie Louise Posted On November 25, 2024

With an estimated 85 million electric vehicles (EVs) expected on the road by the end of 2025, the demand for lithium is set to surge. However, traditional methods of lithium production come with significant environmental costs. These approaches require large […]

1.1K Views

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Anthropic raises $4 billion from Amazon, boosting the e-commerce giant’s total investment in the AI startup to $8 billion

Nickie Louise Posted On November 22, 2024

Just a day after reports surfaced that Anthropic is gaining market share against OpenAI, the AI startup announced on Friday it has secured an additional $4 billion investment from longtime backer Amazon, bringing Amazon’s total commitment to $8 billion. This […]

1.1K Views

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Northvolt’s Collapse: CEO steps down amid chapter 11 filing, $5.8 billion debt, and Europe’s battery dreams shattered

Nickie Louise Posted On November 22, 2024

Northvolt’s CEO and co-founder Peter Carlsson stepped down on Friday, just a day after the company filed for U.S. Chapter 11 bankruptcy protection, according to a report from Reuters. The move marks a dramatic turn for what was once Europe’s […]

2.1K Views

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YC-backed robotics startup Four Growers secures $9M Series A to tackle greenhouse labor shortages with AI robots

Nickie Louise Posted On November 21, 2024

Over the last century, automation has revolutionized crops like corn, wheat, and soy, driving down costs and boosting production. Yet, fruits and vegetables have largely been left behind, facing up to 15x higher harvesting costs due to the lack of […]

2.1K Views

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Aries.com launches first open fintech platform for traders, investors, and developers

Nickie Louise Posted On November 21, 2024

For years, retail investing has been shaped by established names like E*TRADE and Vanguard. Now, a new player, Aries, has entered the fintech scene, launching its brokerage and trading platform on the premium domain Aries.com after starting on TradeAries.com. The […]

859 Views

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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 […]

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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 […]

652 Views

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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, […]

619 Views