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Mira Murati Leaves OpenAI After 6 Years

Nickie Louise Posted On September 25, 2024

Mira Murati, OpenAI’s Chief Technology Officer, announced on September 25, 2024, that she will be stepping down after more than six years at the company. Her decision marks the latest in a series of high-profile exits at OpenAI this year. […]

1.4K Views

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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to pay $11 billion

Nickie Louise Posted On September 25, 2024

Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, was sentenced on Tuesday in New York federal court to two years in prison. She was also ordered to forfeit $11 billion […]

821 Views

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The Cost of Training AI Models Has Skyrocketed—Up 3,550% Since 2020

Nickie Louise Posted On September 25, 2024

Since the launch of ChatGPT two years ago, there’s been a sharp increase in the mainstream adoption of AI, which is now reshaping various industries. But behind its success is a challenge that’s hard to ignore: the skyrocketing cost of […]

1.6K Views

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Meridian secures $4M in seed funding to scale its decentralized liquidity marketplace and liquid staking platform

Nickie Louise Posted On September 25, 2024

Meridian, a Hong Kong-based decentralized liquidity marketplace and liquid staking protocol, has secured $4 million in seed funding to advance DeFi on the Movement ecosystem. The funding round was co-led by ParaFi Capital and Borderless Capital, with additional backing from […]

2.3K Views

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Nebius raises $1 billion to invest in AI infrastructure in Europe

Nickie Louise Posted On September 25, 2024

Nebius Group, an Amsterdam-based company that emerged from the split of Russian tech giant Yandex, said on Wednesday it plans to invest over $1 billion into AI infrastructure in Europe by mid-2025. In an announcement, Nebius founder and CEO Arkady […]

1.7K Views

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Smartsheet to be acquired by Blackstone and Vista Equity Partners in $8.4 billion deal

Nickie Louise Posted On September 24, 2024

Earlier this month, we wrote about Smartsheet following reports that a consortium led by Vista Equity Partners and Blackstone was in discussions to acquire the workplace collaboration software company. Today, Reuters reported that Smartsheet has agreed to go private in […]

963 Views

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AI startup Knownwell raises $4 million in funding to accelerate growth

Nickie Louise Posted On September 24, 2024

Knownwell, a Virginia-based AI-as-a-Service (AIaaS) startup, has secured $4 million in seed funding to speed up the growth of its Commercial Intelligence platform, which is designed for professional services firms. This round, which follows a $2 million pre-seed investment from […]

1.1K Views

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China’s food delivery giant Meituan to raise $2 billion bond deal amidst market slump

Nickie Louise Posted On September 24, 2024

China’s food delivery giant, Meituan, is reportedly looking to secure up to $2 billion through a dual-tranche dollar bond deal, according to Reuters, which cited two sources familiar with the details. The sources, who spoke on condition of anonymity, said […]

895 Views

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NASA astronaut returns to Earth on Russian Soyuz M-25 spacecraft

Nickie Louise Posted On September 23, 2024

NASA astronaut Tracy Dyson returned to Earth aboard the Russian Soyuz M-25 spacecraft. Dyson, alongside Russian astronauts Oleg Kononenko and Nikolai Chub, landed safely on Monday after departing the International Space Station (ISS). The capsule, carrying the three astronauts, touched […]

1.4K Views

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Sovereign wealth fuels AI boom as Middle Eastern funds pour billions into the hottest AI startups

Nickie Louise Posted On September 23, 2024

The mainstream adoption of artificial intelligence (AI) has skyrocketed since ChatGPT’s launch two years ago. As companies rush to integrate AI into their operations, investors are scrambling to grab a stake in the action. This has led to a significant […]

1.7K Views

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Sam Altman teams up with Jony Ive and Laurene Powell Jobs for a new startup to create a secret AI device

Nickie Louise Posted On September 23, 2024

In April, we covered Sam Altman and former Apple designer Jony Ive after The Information reported their plans to raise $1 billion for a secretive AI device startup. Fast forward five months, and Ive has officially confirmed over the weekend […]

2.1K Views

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Apollo offers to invest $5 billion in Intel following chipmaker’s 60% market cap loss this year

Nickie Louise Posted On September 23, 2024

Intel has taken a major hit this year, losing nearly 60% of its market value. Now, it seems the struggling chipmaker is on the verge of getting a lifeline from private equity. According to Bloomberg, Apollo Global Management has offered […]

920 Views

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The role of cryptocurrency in the world today: How Ethereum is expanding across industries

Nickie Louise Posted On September 23, 2024

Since its inception in 2015, Ethereum has continuously been redefining the possibilities of blockchain technology. At present, various industries have been impacted by Ethereum, with the Ethereum blockchain being leveraged by industries spanning from finance and supply chain management to […]

1.3K Views

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Profitable Niches: 10 Micro SaaS Tools Ideas You Can Build Right Now to Solve Recurring Pain Points

Nickie Louise Posted On September 21, 2024

Earlier this year, we highlighted some of the best startup ideas to start in 2024, including several micro-SaaS ventures generating impressive monthly recurring revenue (MRR). Many of these ideas have proven their staying power, delivering thousands in revenue for bootstrapped […]

20.4K Views

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DWF Labs and GraFun join forces to boost liquidity and foster a robust meme coin ecosystem

Nickie Louise Posted On September 20, 2024

While Bitcoin remains the world’s most popular cryptocurrency, meme coins are making their mark by captivating both investors and communities. Now, DWF Labs—a new-generation market maker and multi-stage Web3 investment firm—is aiming to create a more transparent and accessible meme […]

2.5K Views

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Indian ed-tech startup Physics Wallah raises $210 million at a $2.8 billion valuation

Nickie Louise Posted On September 20, 2024

Indian ed-tech startup Physics Wallah has secured $210 million in funding led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. The latest round pushed the company’s valuation to $2.8 billion, a significant increase from its previous […]

3.9K Views

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3 New Tech Changing the Face of Gaming

Nickie Louise Posted On September 20, 2024

Over the past decade, online gaming has dramatically evolved thanks to several ground-breaking technological innovations. It’s also expected to continue growing over the coming years, with even more emerging technologies helping shape the gaming industry’s future. With that in mind, […]

2.5K Views

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Liquid cooling startup LiquidStack secures $20M in a Tiger Global-led funding round as AI’s energy demands skyrocket

Nickie Louise Posted On September 19, 2024

As artificial intelligence continues its rapid adoption across various sectors, the growing energy demand to sustain AI systems is putting immense strain on data centers. From training complex machine learning models to running intricate algorithms, AI-driven workloads are consuming energy […]

1.3K Views

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IBM quietly laying off thousands of workers, reports

Nickie Louise Posted On September 19, 2024

IBM has quietly been laying off thousands of employees this week, according to sources cited by The Register. Insiders revealed that employees in IBM’s Cloud division faced significant cuts, impacting thousands of workers. Unlike many layoffs that are publicly disclosed, […]

1.3K Views