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Google abandons plans to buy HubSpot

Nickie Louise Posted On July 10, 2024

In a surprising turn of events, Google parent Alphabet has decided to walk away from its planned acquisition of online marketing software company HubSpot, according to a Bloomberg report that cites sources familiar with the matter. This news comes just […]

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AMD to acquire Finnish AI startup Silo AI for $665 million as AI race heats up

Nickie Louise Posted On July 10, 2024

Advanced Micro Devices (AMD) announced on Wednesday it has reached an agreement to acquire Finnish artificial intelligence startup Silo AI for approximately $665 million in cash. This strategic acquisition is aimed at bolstering the company’s AI chip capabilities to better […]

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TurboTax-parent Intuit to lay off about 1,800 jobs, or 10% of the workforce, as the company shifts focus to AI

Nickie Louise Posted On July 10, 2024

TurboTax parent company Intuit announced on Wednesday it’s laying off about 1,800 employees, or 10% of its workforce. This move comes as the company aims to reallocate resources to other critical areas including artificial intelligence. In recent years, Intuit has […]

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Elon Musk’s AI startup xAI ends talks on $10 billion server deal with Oracle

Nickie Louise Posted On July 9, 2024

Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended their discussion over a potential $10 billion server deal, The Information reported on Tuesday. Following the news, shares of Oracle saw a significant dip, falling as much as […]

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Cloud storage startup Nasuni valued at $1.2 billion in funding led by Vista

Nickie Louise Posted On July 9, 2024

Cloud storage startup Nasuni has reached a valuation of approximately $1.2 billion after securing a strategic growth investment led by Vista Equity Partners. The Boston-based enterprise data platform startup added that Vista will be joined by TCV and KKR in […]

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Agrotoken partners with Tanssi to revolutionize agro-finance in South America using blockchain

Nickie Louise Posted On July 9, 2024

Appchain infrastructure platform Tanssi announced on Tuesday it has teamed up with Agrotoken, a global tokenization platform for agricultural commodities, to introduce decentralized tools to transform the agrotech markets in South America. This partnership aims to develop an innovative agro-finance […]

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AI startup funding more than doubles in Q2, surges to $24 billion

Nickie Louise Posted On July 9, 2024

The artificial intelligence boom, ignited by the success of ChatGPT two years ago, shows no signs of slowing down as investors continue to funnel billions into generative AI startups. According to the latest data from Crunchbase, investments in AI startups […]

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Beneficial ownership information reporting requirements: What startups need to know

Nickie Louise Posted On July 8, 2024

In a move to increase corporate transparency and combat financial crimes, the US Financial Crimes and Enforcement Network (FinCEN) now requires most US businesses to disclose information about their beneficial owners. This new regulation, part of the Corporate Transparency Act […]

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German online food delivery giant Delivery Hero faces a potential €400 million fine over antitrust violations

Nickie Louise Posted On July 8, 2024

German online food delivery giant Delivery Hero revealed on Sunday that it may face a fine from the European Commission over alleged antitrust violations. The Berlin-based company told investors that it could be fined over €400 million ($433 million) due […]

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Bitfarms names new CEO just a month after rejecting Riot Platforms’ takeover bid

Nickie Louise Posted On July 8, 2024

Bitcoin mining startup Bitfarms has appointed insider Ben Gagnon as its new Chief Executive Officer to steer the company through a strategic review and an ongoing dispute with its largest shareholder and rival, Riot Platforms. The news comes just a month […]

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Jeff Bezos to sell $5 billion of Amazon shares after stock hits record high

Nickie Louise Posted On July 3, 2024

In a move that may raise eyebrows across the financial markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows […]

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AI coding startup Magic seeks to raise $200 million at a $1.5 billion valuation

Nickie Louise Posted On July 3, 2024

Magic, a generative AI startup developing artificial intelligence models to write software, is in advanced discussions to raise over $200 million in a new funding round, which would value the company at $1.5 billion, according to an exclusive report from […]

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Industry Ventures secures $900 million hybrid fund to invest in early-stage tech startups

Nickie Louise Posted On July 2, 2024

Industry Ventures, a pioneer investment firm specializing in private technology companies, has closed a $900 million fund for its latest fund, Industry Ventures Partnership Holdings VII (Fund VII). This news comes as a boon for non-generative AI startups that are […]

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UK fintech startup Revolut seeks $40 billion valuation following a $553.81 million profit

Nickie Louise Posted On July 2, 2024

British digital banking startup Revolut announced on Tuesday a record pretax profit of £438 million ($553.81 million) for 2023, driven by robust user growth and a significant rise in interest-related income. This marks a significant milestone as the company aims […]

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Electric car maker Fisker files for bankruptcy, leaving thousands of EV owners with uncertain future

Nickie Louise Posted On July 1, 2024

Electric vehicle startup Fisker filed for Chapter 11 bankruptcy protection in June 2024. The news ends months of speculation over the future of the company and marks a critical point in the company’s tumultuous journey. Fisker is now focused on […]

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Amazon hires founders of AI startup Adept to lead its push into AI-powered work automation

Nickie Louise Posted On July 1, 2024

Amazon has hired the co-founders of AI agent startup Adept in a move to bolster its artificial intelligence capabilities and enhance its AI-powered work automation efforts. Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders Augustus […]

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Google acquires a stake in BlackRock-backed Taiwanese solar startup to boost energy capacity amid AI boom

Nickie Louise Posted On July 1, 2024

Google announced on Monday it has acquired a stake in Taiwan’s New Green Power (NGP) in a strategic move to advance its sustainability goals. The deal includes capital investment from Google into the BlackRock fund-owned firm. As part of the […]

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Fluently, an AI startup founded by YCombinator alum, raises $2M seed round for AI-powered speaking coach for calls

Nickie Louise Posted On June 28, 2024

With 84 million non-native employees working in English-speaking environments, companies spend a staggering $10 billion annually on corporate English training to enhance communication and boost confidence. Now, one tech startup aims to transform how near-native speakers refine their English language […]

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Nokia acquires Infinera in $2.3 billion deal to tap into AI-driven data center boom

Nickie Louise Posted On June 28, 2024

Nokia announced on Thursday it has agreed to acquire U.S.-based optical networking gear maker Infinera Corp in a deal valued at $2.3 billion to bolster its optical network business and tap into an AI-fueled data center boom. This strategic acquisition […]

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Pear Commerce secures $10M in funding to deliver omnichannel shopping experience across platforms and devices

Nickie Louise Posted On June 27, 2024

For years, online retailers have frequently overlooked the consumer experience. The fragmented customer journey has resulted in an inconsistent customer experience leading to frustration and inefficiency. However, modern consumers now expect a seamless shopping experience across all channels including platforms […]

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