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OpenAI secures $6.6 billion in funding from Microsoft and Nvidia, now valued at $157 billion

Nickie Louise Posted On October 2, 2024

After weeks of anticipation, OpenAI has successfully raised an impressive $6.6 billion in funding, a move that could push its valuation to $157 billion, solidifying its status as one of the most valuable private companies globally. The funding round attracted […]

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Toyota invests another $500M in electric air taxi startup Joby Aviation

Nickie Louise Posted On October 2, 2024

Just four years after making its first big bet on electric air taxis with $394 million in the California-based startup Joby Aviation, Toyota is ramping up its commitment with an additional $500 million investment. Toyota announced on Wednesday that it […]

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Lithuania-based RegTech startup AMLYZE raises €2.35M in seed funding to fight financial crimes

Nickie Louise Posted On October 2, 2024

Fighting financial crime is a massive challenge for governments and businesses worldwide. With an estimated $3.1 trillion in illicit funds circulating through the global financial system in 2023, the impact on economies, societies, and individuals is immense. It was this […]

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Goldman-backed digital banking startup Starling Bank fined $38.5 million for failing to prevent financial crimes

Nickie Louise Posted On October 2, 2024

It’s been three years since we last featured Starling Bank, a Goldman Sachs-backed mobile banking platform based in the U.K. that provides personal, joint, and business accounts. During that time, Starling has grown significantly, reaching 4.2 million customers, up from […]

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OpenAI partners with Italy’s CDP to boost AI innovation among Italian startups

Nickie Louise Posted On October 2, 2024

OpenAI and Italy’s state lender CDP have teamed up to boost artificial intelligence (AI) adoption among Italian startups and innovative companies. In a joint statement on Wednesday, the two announced that OpenAI would invest in startups focused on AI-based products […]

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OpenAI launches new tools to accelerate AI model development for developers

Nickie Louise Posted On October 1, 2024

Less than a month after launching its o1 preview, a new series of AI models designed to think more critically before responding, OpenAI introduced a range of tools on Tuesday aimed at speeding up AI model development for developers. The […]

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Robinhood rival Freetrade acquires UK arm of Australian investing platform Stake

Nickie Louise Posted On October 1, 2024

British investment app startup Freetrade has agreed to acquire the UK arm of Australian platform Stake, according to an exclusive report from CNBC. The financial details of the deal remain undisclosed by both companies, including the value of Stake’s UK […]

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Top 10 companies hiring for artificial intelligence (AI) jobs

Nickie Louise Posted On October 1, 2024

The growing adoption of artificial intelligence (AI) across industries has sparked a significant demand for AI talent, as companies race to stay ahead in an increasingly competitive landscape. From financial services to telecommunications, organizations are pouring resources into hiring professionals […]

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Generative AI startup Resolve AI secures $35M in seed funding to become your go-to AI production engineer

Nickie Louise Posted On October 1, 2024

Resolve AI, a new generative AI startup focused on automating software operations with AI, has secured $35 million in seed funding, led by Greylock. This investment marks the largest check written by the Silicon Valley firm this year, which previously […]

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SpaceX Dragon safely docks at Space Station to rescue stranded Boeing Astronauts after engine failure

Nickie Louise Posted On September 30, 2024

After what was initially planned as a weeklong mission turned into months, two Boeing Starliner astronauts are now set to return home thanks to SpaceX. Yesterday, SpaceX’s Crew Dragon safely arrived at the International Space Station (ISS) to eventually ferry […]

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Klarna partners with fintech startup Adyen to bring ‘buy now, pay later’ to physical retail stores

Nickie Louise Posted On September 30, 2024

With rising financial pressures, millions of shoppers are turning to buy now, pay later (BNPL) services to manage their purchases. Adobe’s latest forecast predicts that consumers will spend a record-breaking $18.5 billion through BNPL this holiday season. While BNPL services […]

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Epic Games is suing Google — again — and now Samsung is caught in the crossfire

Nickie Louise Posted On September 30, 2024

Earlier this year, Epic Games scored a significant win against Apple, three years after filing lawsuits against both Apple and Google, accusing them of monopolizing their app stores. Now, Epic is back in court, and this time, Samsung is caught […]

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OpenAI expects to lose $5 billion this year; plans to raise ChatGPT Plus fees to $44 over 5 years

Nickie Louise Posted On September 30, 2024

Back in July, we covered OpenAI’s rapid cash burn as the company scaled at a breakneck pace. Now, a fresh report from the New York Times (NYT) suggests OpenAI may have to bump up its prices to keep things afloat. […]

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Meta fined $102M for storing 600 million users’ passwords in plain text without encryption

Nickie Louise Posted On September 27, 2024

Meta has been hit with a €91M ($101.5M) fine by the EU privacy regulator after it was found to have stored millions of Facebook and Instagram passwords in an unencrypted format. The penalty follows a 2019 investigation, where it was […]

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Top Universities That Produce the Most Startup Founders

Nickie Louise Posted On September 27, 2024

Launching a startup takes grit, resilience, and a great idea. The road to success is tough—more than 90% of startups fail and don’t make it. But choosing the right university can give aspiring founders a real edge. Schools with strong […]

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UK government acquires US-owned Coherent semiconductor factory for $27M to secure supply for military

Nickie Louise Posted On September 27, 2024

The British government has acquired a struggling semiconductor factory from U.S.-based firm Coherent for £20 million ($27 million). The move aims to ensure the domestic production of gallium arsenide semiconductors, essential components for military technologies, including fighter jets. In an […]

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Tonkeeper wallet now accepts HMSTR tokens for TON transaction fee payments

Nickie Louise Posted On September 26, 2024

Exciting news from Tonkeeper, the non-custodial wallet for TON’s blockchain: Users can now pay transaction fees with HMSTR tokens. Tonkeeper announced on Thursday its support for HMSTR, the token associated with the popular Telegram-based web3 game Hamster Kombat. Starting October 1, […]

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Google’s GV leads $11.1M investment in Finnish startup Distance to bring mixed reality to car windshields and plane cockpits

Nickie Louise Posted On September 26, 2024

Distance Technologies, a Finnish startup focused on bringing mixed-reality to any car windshield or plane cockpit, has secured €10 million ($11.1 million) in seed funding led by GV (Google Ventures) and existing backers FOV Ventures and Maki.vc. This funding comes […]

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Visa acquires AI fraud detection startup Featurespace for an estimated $935.06 million

Nickie Louise Posted On September 26, 2024

Visa has announced plans to acquire Featurespace, an enterprise tech startup focused on AI-driven fraud and financial crime prevention. While the exact terms of the deal haven’t been revealed, SkyNews reported the acquisition could be worth around £700 million ($935 […]

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