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Vista and Blackstone in talks to acquire software maker Smartsheet in a multi-billion-dollar deal

Nickie Louise Posted On September 6, 2024

A consortium led by Vista Equity Partners and Blackstone is reportedly in discussions to acquire Smartsheet, a U.S.-based company specializing in workplace collaboration software, which currently holds a market value of about $7 billion, Reuters reported on Thursday, citing sources […]

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Io.net and Nesa expand partnership to power decentralized AI with advanced GPUs

Nickie Louise Posted On September 5, 2024

Just a week after partnering with FLock to roll out “Proof of AI” for securing decentralized networks, io.net has secured another major deal with layer-1 blockchain for AI Nesa to further advance decentralized AI model development. Although only unveiled in April, […]

1.6K Views

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Eli Lilly signs a $409 million research deal with AI-powered drug discovery startup Genetic Leap

Nickie Louise Posted On September 5, 2024

Global pharmaceutical leader Eli Lilly has struck a research agreement with AI-driven drug discovery startup Genetic Leap. The deal is worth $409 million, according to an announcement by Genetic Leap on Thursday. As part of the deal, Genetic Leap will […]

976 Views

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Tesla to launch full self-driving in Europe and China by early 2025

Nickie Louise Posted On September 5, 2024

Tesla announced on Thursday that it will launch its “Full Self Driving” (FSD) driver assistance feature in Europe and China by early next year. This paid add-on is expected to roll out in the first quarter of 2025, contingent on regulatory […]

1.2K Views

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OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI startup Safe Superintelligence (SSI)

Nickie Louise Posted On September 4, 2024

Less than four months after leaving OpenAI, former chief scientist and co-creator of ChatGPT-4, Ilya Sutskever, has secured $1 billion for his new AI venture, Safe Superintelligence (SSI). In a post on X, the company revealed that the funding was […]

1.2K Views

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Israeli in-game ad startup Odeeo closes $5 million in funding to accelerate global expansion

Nickie Louise Posted On September 4, 2024

Israeli tech startup Odeeo has secured $5 million in strategic funding to fuel the global growth of its in-game audio advertising platform. The funding round includes support from both returning and new investors, with Atinum Investments, one of Korea’s top […]

1.3K Views

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Social media startup Bluesky attracts 2 million new users in Brazil after judge bans Musk’s X

Nickie Louise Posted On September 4, 2024

Brazil’s recent ban on Elon Musk’s social media platform, X, has driven users toward smaller alternatives like Bluesky, which has seen a surge in popularity as people search for new ways to express themselves online. Bluesky announced on Monday that […]

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Nvidia’s market cap plummets by $279 billion in a single day amid DOJ antitrust probes

Nickie Louise Posted On September 4, 2024

Nvidia experienced a staggering $279 billion loss in market value on Tuesday, marking the largest single-day decline in U.S. history. This sharp drop came as Wall Street and investors reevaluated their enthusiasm for AI amid broader market concerns and tepid […]

877 Views

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Bain Capital offers to buy Japanese software developer Fuji Soft for $4.1 billion, surpassing rival KKR’s bid

Nickie Louise Posted On September 3, 2024

Bain Capital has offered to acquire Japanese software developer Fuji Soft, valuing the deal at around 600 billion yen ($4.1 billion). This bid surpasses a previous offer from KKR, another equity fund. In its announcement on Tuesday, Bain revealed that […]

856 Views

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Cyprus-based real estate startup Placy raises €1M in pre-seed funding to accelerate growth

Nickie Louise Posted On September 3, 2024

Cyprus-based tech startup Placy has secured $1.1 million (€1 million) in pre-seed funding to advance its AI-powered tool, which automates key tasks in the real estate industry, including property valuations, research, viewing schedules, and agreement drafting. Zubr Capital, a European […]

1.1K Views

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Elon Musk’s AI startup xAI launches “Colossus,” the world’s most powerful AI cluster powered by 100,000 Nvidia H100 GPUs

Nickie Louise Posted On September 3, 2024

Less than a year after its inception, Elon Musk’s AI venture, xAI, has launched “Colossus,” now the world’s most powerful AI cluster on the planet, powered by 100,000 Nvidia H100 GPUs. The entire system was built in just 122 days, […]

1.7K Views

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OpenAI-backed humanoid robotic startup 1X unveils NEO Beta: The most realistic home cleaning robot yet

Nickie Louise Posted On September 2, 2024

Oslo-based robotic startup 1X Technologies has just unveiled the most realistic AI-powered humanoid yet: NEO Beta, a two-legged robot designed for everyday home assistance. Standing 5 feet 5 inches tall and weighing 66 pounds, NEO Beta can walk at 2.5 […]

2.8K Views

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German food delivery giant Delivery Hero eyes IPO of Middle East unit Talabat

Nickie Louise Posted On August 30, 2024

German online food delivery giant Delivery Hero announced it plans to spin off its Middle East business, Talabat, to list it on the Dubai stock exchange later this year. In an announcement on Thursday, Delivery Hero confirmed it is preparing […]

1.1K Views

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Character.AI lays off at least 5% of its workforce to refocus on personalized AI

Nickie Louise Posted On August 30, 2024

Chatbot startup Character.AI has laid off at least 5% of its workforce has laid off around 5% of its workforce, according to a report from The Information. This decision is part of a broader effort by the company to streamline operations […]

1.6K Views

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Crypto.com expands worldwide with the launch of global retail services backed by Standard Chartered

Nickie Louise Posted On August 29, 2024

Crypto.com is expanding its reach, making cryptocurrency purchases more accessible across a wider array of countries. The company has unveiled its global retail services, now offering seamless deposit and withdrawal options for millions of Crypto.com App users in over 90 […]

1.3K Views

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FLock partners with Io.net to launch “Proof of AI” to secure and verify decentralized networks

Nickie Louise Posted On August 29, 2024

One of the biggest challenges we face online is verifying the authenticity and quality of the content we consume, whether it’s news, videos, images, or social media posts. With so much information out there, it’s challenging to separate fact from […]

1.2K Views

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OpenAI eyes $100 billion+ valuation in new funding round

Nickie Louise Posted On August 29, 2024

OpenAI is reportedly in talks to raise funds at a valuation of more than $100 billion, significantly higher than its previous $86 billion valuation, the Wall Street Journal said on Wednesday. Investors include venture capital firm Thrive Capital and Microsoft, […]

1.5K Views

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OpenAI and Anthropic partner with the US government to share their models for AI research

Nickie Louise Posted On August 29, 2024

AI startups OpenAI and Anthropic have signed agreements with the U.S. government to advance research, testing, and evaluation of their artificial intelligence models, the U.S. Artificial Intelligence Safety Institute said on Thursday. These landmark agreements come at a time when […]

2.4K Views

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B2B tech startup Pylon raises $17M in Series A funding led by Andreessen Horowitz

Nickie Louise Posted On August 28, 2024

Pylon, a B2B customer service platform, has raised $17 million in Series A funding to bring together all customer communication tools used by teams into a single platform. This latest round, which brings the company’s total funding to just over $20 […]

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Lemniscap raises $70 million in funding to invest in early-stage Web3 startups

Nickie Louise Posted On August 28, 2024

Investment firm Lemniscap has raised $70 million in funding to support early-stage Web3 projects and pioneering startup founders in the space. The firm is honing in on areas such as zero-knowledge infrastructure, consumer applications, and decentralized physical infrastructure (DePIN). Leading the funding round […]

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