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TravelPerk raises $200M at $2.7B valuation, acquires Swiss spend management platform Yokoy

Nickie Louise Posted On January 28, 2025

Barcelona-based corporate travel platform TravelPerk has secured $200 million in fresh funding, pushing its valuation to $2.7 billion, according to a report from CNBC. The investment round included participation from Atomico, EQT, and Noteus Partners, along with existing backers such […]

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Microsoft in talks to buy TikTok, reports

Nickie Louise Posted On January 28, 2025

Microsoft is reportedly in discussions to acquire TikTok amid security concerns. U.S. President Donald Trump confirmed on Monday that Microsoft is exploring a potential acquisition of TikTok, Reuters reported. This follows growing national security concerns surrounding the app’s Chinese ownership. […]

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Analog raises $5M in funding to drive web3 interoperability, hits $300M valuation

Nickie Louise Posted On January 27, 2025

It’s been two years since we last covered Analog, the tech startup behind the blockchain interoperability Proof of Time protocol, which simplifies collaboration across blockchains while ensuring scalability and security. Since 2022, the company has expanded its team to further […]

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DeepSeek, a Chinese AI Startup with a $150M valuation, triggers over $1 trillion in U.S. tech market crash

Nickie Louise Posted On January 27, 2025

U.S. stocks erased over $1 trillion in market value on Monday, driven by a DeepSeek-triggered sell-off. The major shake-up hit global markets on Monday as Chinese AI startup DeepSeek unleashed its R1 model, sending shockwaves through Silicon Valley and wiping out […]

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Nvidia calls DeepSeek R1 model ‘an excellent AI advancement’ despite losing $600 billion in market cap

Nickie Louise Posted On January 27, 2025

Nvidia praised Chinese AI startup DeepSeek’s new R1 model on Monday, even as Nvidia faced its largest single-day loss in history, losing nearly $600 billion in market value. The launch of R1 triggered a wave of uncertainty among investors, raising […]

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EA Sports Faces Soccer Setback While FIFA Eyes Fresh Start With Mythical Games

Nickie Louise Posted On January 27, 2025

Electronic Arts (EA), the video game giant whose soccer simulations have long dominated the genre, has hit an unexpected rough patch. The company’s largest gaming franchise, which rebranded from FIFA to EA Sports FC last year, is experiencing slower-than-anticipated sales […]

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Nvidia loses $600 billion in just 2 hours as DeepSeek’s success raises questions about AI chip spending

Nickie Louise Posted On January 27, 2025

Nvidia saw a sharp 17.55% drop on Monday, leading a global tech sell-off. This massive plunge hit other U.S. tech stocks as well, with companies like Micron, Arm Holdings, Broadcom, and Advanced Micro Devices all feeling the heat. Nvidia’s market […]

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DeepSeek surpasses ChatGPT on App Store as Chinese AI startup sends shockwaves through tech stocks

Nickie Louise Posted On January 27, 2025

Chinese AI startup DeepSeek has overtaken ChatGPT to become the highest-rated free app on Apple’s App Store in the U.S. This achievement comes just weeks after its January 10 launch, fueled by the growing popularity of the DeepSeek-R1 AI model. […]

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From DeepSeek to ByteDance: American Tech CEOs Sound Alarm on China’s AI Breakthroughs

Nickie Louise Posted On January 24, 2025

Earlier today, we reported that Meta AI has gone into panic mode following the meteoric rise of free open-source DeepSeek, a Chinese AI model that has taken the industry by storm. DeepSeek outperformed leading AI systems, including Meta’s Llama 3.1, […]

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Founder of $80 million AI chatbot startup GameOn indicted for fraud in San Francisco

Nickie Louise Posted On January 24, 2025

Fraud allegations have once again sent shockwaves through the startup world, this time centering on GameOn, a San Francisco-based AI chatbot startup recently valued at $80 million. Federal prosecutors revealed Thursday that Alexander Beckman, the 41-year-old founder and CEO of […]

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Meta AI in panic mode as free open-source DeepSeek gains traction and outperforms for far less

Nickie Louise Posted On January 24, 2025

Late last year, we reported on a Chinese AI startup that surprised the industry with the launch of DeepSeek, an open-source AI model boasting 685 billion parameters. What made headlines wasn’t just its scale but its performance—it outpaced OpenAI and […]

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This week in AI: Top 10 AI news stories you need to know

Nickie Louise Posted On January 23, 2025

AI had a busy week, with announcements ranging from OpenAI’s new task-performing agent to Tencent’s advances in 3D design. The pace of innovation in artificial intelligence shows no signs of slowing down, and this week was no exception. Major players like […]

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OpenAI launches Operator AI agent, expands free ChatGPT features with o3-Mini model

Nickie Louise Posted On January 23, 2025

OpenAI on Thursday rolled out two significant updates: ‘Operator’, an AI agent that can perform web-based tasks like buying groceries or managing expense reports, and the o3-mini model, which will now be available to ChatGPT’s free-tier users. In a post […]

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Stripe lays off 300 employees, or 3.5% of its global workforce, amid major restructuring efforts

Nickie Louise Posted On January 23, 2025

Stripe has laid off 300 employees, representing 3.5% of its workforce, with the majority of the cuts affecting roles in key departments including product, engineering, and operations, CNBC reported. Despite the layoffs, the payments giant—valued at around $70 billion in […]

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Everstone acquires bootstrapped Indian SaaS startup Wingify in $200 million deal

Nickie Louise Posted On January 23, 2025

Private equity firm Everstone has secured a majority stake in Indian SaaS startup Wingify in a deal valued at approximately $200 million, TechCrunch reported, citing three sources familiar with the transaction. The acquisition, finalized earlier this week, highlights Wingify’s remarkable […]

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ChatGPT is down again: OpenAI’s ChatGPT is hit with outages. Here’s what you need to know

Nickie Louise Posted On January 23, 2025

Less than a month after blaming high error rates for API and Sora for ChatGPT outages, OpenAI announced this morning that its AI chatbot app is experiencing an “elevated Error Rate for ChatGPT and API.” ChatGPT has been down for […]

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OpenAI targets AGI with system that thinks like a pro engineer, a day after dismissing rumors of an imminent launch

Nickie Louise Posted On January 22, 2025

Just a day after dismissing rumors about an imminent launch, The Information reported this evening that OpenAI is moving closer to its goal of artificial general intelligence (AGI) by developing a system capable of performing like a seasoned software engineer. […]

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Meta joins $10 billion investment in Databricks as data analytics startup prepares for potential IPO

Nickie Louise Posted On January 22, 2025

Meta has invested in data analytics startup Databricks, the company revealed on Wednesday, according to a report from CNBC. This addition to Databricks’ roster of investors underscores the startup’s rapid rise in the AI-driven software industry. The news comes just […]

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XRP ETF Rumors Rile Up Investors and Pump Price

Nickie Louise Posted On January 22, 2025

Crypto industry watchers will remember that one of the biggest developments in 2024 was the approval of spot ETFs for both Bitcoin and Ether. The ETFs had been heavily pursued within the crypto space and finally having them approved was […]

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Music AI, creator of Moises, raises $40M Series A to revolutionize ethical AI in audio and music

Nickie Louise Posted On January 22, 2025

Music AI, the AI startup behind the widely acclaimed Moises app, has raised $40 million in a Series A funding round led by Connect Ventures—a partnership between Creative Artists Agency (CAA) and NEA—and Brazilian investment giant, monashees. Additional backers include […]

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