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Celsius founder Alex Mashinsky pleads guilty to multi-billion-dollar fraud, faces up to 30 years in prison

Nickie Louise Posted On December 4, 2024

In July 2023, Alex Mashinsky, the founder and former CEO of the bankrupt crypto lending platform Celsius Network, was arrested on fraud charges after an investigation into the fall of the seven-year-old crypto startup. Now, just over a year later, […]

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Data brokers selling political and pregnancy information settle with FTC over privacy violations

Nickie Louise Posted On December 4, 2024

Two data brokers, Mobilewalla and Gravy Analytics, have reached a settlement with the Federal Trade Commission (FTC) after being accused of selling personal information that tracked individuals’ religious beliefs, political affiliations, and pregnancy status. These companies agreed to stop using […]

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Cloud data startup Veeam reaches $15 billion valuation in $2 billion secondary sale ahead of IPO

Nickie Louise Posted On December 4, 2024

Veeam Software, a cloud data startup that provides secure data backups on remote servers, has secured a $2 billion investment from a group of top-tier investors through a secondary offering. The funding, announced Tuesday, values the Swiss-based company at $15 […]

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Spotify Wrapped 2024 is here: How AI-driven insights highlight the year’s top artists and songs

Nickie Louise Posted On December 4, 2024

Spotify’s much-anticipated Wrapped 2024 has officially dropped, giving millions of users a chance to relive their listening habits over the past year. The annual feature offers a personalized breakdown of top songs, artists, and genres while letting users compare their […]

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Why vertical AI agents could be 10X bigger than SaaS: Insights from Y Combinator

Nickie Louise Posted On December 3, 2024

Since its introduction in the early 2000s, SaaS (Software as a Service) has redefined how businesses access and use software. It replaced cumbersome, on-premise installations with scalable, cloud-based solutions, unlocking a $300 billion market and giving rise to over 300 […]

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London-based tech startup Stackfix raises $3 million to change the way businesses buy software

Nickie Louise Posted On December 3, 2024

Every year, businesses spend $1 trillion on software, but navigating the maze of options and outdated reviews often leads to poor purchasing decisions. Platforms like G2.com and Capterra rely heavily on user-generated reviews, which are frequently biased, incomplete, or outdated, […]

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Software startup ServiceTitan targets $5.16 billion valuation in US IPO

Nickie Louise Posted On December 3, 2024

Late last month, we reported on ServiceTitan after the software startup filed paperwork for an initial public offering (IPO) in the U.S. Just two weeks later, ServiceTitan is reportedly targeting a valuation of up to $5.16 billion in its IPO. […]

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HyperRing Unveils 2nd Gen Smart Payment Ring, Revolutionizing Contactless Payments with Global Reach

Nickie Louise Posted On December 3, 2024

Imagine making payments with a simple tap of your finger—no wallet, phone, or hassle. HyperRing is turning that vision into reality with the launch of its second-generation HyperRing.This wearable device, the first of its kind available in the U.S., brings […]

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SpaceX eyes $350 billion valuation, setting the stage for Elon Musk to become the world’s first trillionaire

Nickie Louise Posted On December 3, 2024

In November, SpaceX reportedly floated the idea of selling existing shares at $135 each, valuing Elon Musk’s space startup at $250 billion. Just two weeks later, the company is said to be discussing insider share sales that could push its […]

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Nebius secures $700M backing from Nvidia, Accel to expand AI infrastructure and U.S. operations

Nickie Louise Posted On December 2, 2024

Nebius Group, an Amsterdam-based company that emerged from the split of Russian tech giant Yandex, announced on Monday it has secured $700 million in a private placement. The round was backed by prominent investors, including Nvidia, Accel, and accounts managed […]

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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 […]

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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 […]

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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 […]

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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 […]

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Electric Car / Electric Vehicles / Featured / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

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 […]

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Featured / Gadgets / Layoff / Social Media / Startup Spotlight / Tech Startup News / Tech Startups / Technology News / Wearables

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 […]

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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, […]

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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 […]

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