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IBM to buy cloud software provider HashiCorp in a $6.4 billion deal

Nickie Louise Posted On April 25, 2024

In a strategic move to expand into the cloud, International Business Machines Corp (IBM) has announced its acquisition of HashiCorp Inc. for a hefty $6.4 billion enterprise value. This acquisition not only expands IBM’s cloud-based software offerings but also positions […]

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Brazilian fintech startup Vixtra secures $36M in funding to support small business importers in Latin America

Nickie Louise Posted On April 24, 2024

Vixtra, the Brazilian fintech startup shaking up the import industry by allowing importers to use their cargo as collateral, announced today it has raised a total of $36 million in funding to support Brazilian importers across Latin America. This injection […]

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Jack Dorsey’s payment company Block is building its own Bitcoin mining system

Nickie Louise Posted On April 24, 2024

In a move to address the challenges facing Bitcoin mining operators, Jack Dorsey, the founder of Block (formerly Square), announced on Tuesday the expansion of his payments company’s mining efforts. Block is now venturing beyond designing chips to building a […]

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Microsoft launches Phi-3-mini, a small AI model that outperforms larger rivals like Mixtral 8x7B and GPT-3.5

Nickie Louise Posted On April 24, 2024

In the ever-intensifying competition of generative AI, Microsoft on Tuesday announced the launch of Phi-3 mini, a fresh lineup of compact language models (SLMs) that outshine their larger counterparts, setting new standards for smaller-scale AI models. The Phi-3 model range […]

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Walmart-backed fintech startup One launches ‘Buy Now, Pay Later’ loans for big-ticket items

Nickie Louise Posted On April 23, 2024

In a bid to assist struggling American consumers, Walmart’s majority-owned fintech startup One is diving into the bustling Buy Now, Pay Later (BNPL) market. The move comes as the company gears up to expand its lending services amidst the economic […]

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London-based AI recycling startup Sorted raises £1.65M in funding to solve material sorting gap

Nickie Louise Posted On April 23, 2024

Amidst growing global concerns over environmental sustainability, London-based recycling tech startup Sorted has emerged as a beacon of hope to combat the global waste crisis. Sorted announced today it has secured £1.65 million in seed funding to lead the charge […]

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SoftBank makes a $1 billion bet on AI, teams up with Nvidia for chips

Nickie Louise Posted On April 23, 2024

Japanese tech titan SoftBank is stepping up its game to fuel Japan’s AI race. According to a Nikkei report, the company is set to invest nearly $1 billion in the next two years to develop a “world-class” Japanese-specific generative AI […]

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Top 100 U.S. companies with more than $2 billion in annual revenue from China

Nickie Louise Posted On April 22, 2024

The simmering trade war between the U.S. and China takes a surprising turn with a new report from the Wall Street Journal. It reveals over 600 American corporations, each boasting annual revenues exceeding a whopping $2 billion, are heavily invested […]

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Drone delivery startup Zipline reaches 1 million deliveries, eyes restaurant expansion

Nickie Louise Posted On April 22, 2024

It’s been a remarkable two years since our last update on the autonomous delivery drone startup Zipline. Back then, Zipline was using drones to transport life-saving supplies like blood and vaccines to isolated African villages at the height of the […]

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Sam Altman invests $20 million in clean energy startup Exowatt to meet energy demands of AI data centers

Nickie Louise Posted On April 22, 2024

In a strategic move towards a sustainable future for artificial intelligence (AI) infrastructure, OpenAI CEO Sam Altman, alongside venture capital heavyweight Andreessen Horowitz, is backing a $20 million investment in clean energy startup Exowatt, according to a report from The […]

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You can now buy and sell USDt on TON with Ramp Network

Nickie Louise Posted On April 19, 2024

In a move set to shake up the cryptocurrency landscape, Ramp Network (Ramp) has just announced the ability for users to buy and sell USDt on the TON network. This bold step, unveiled on Friday, underscores Ramp Network’s position as […]

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Meta launches Meta.AI to compete with ChatGPT

Nickie Louise Posted On April 19, 2024

Meta has just unveiled Meta.AI, an AI assistant powered by its state-of-the-art Llama 3 technology. This launch is widely interpreted as a direct challenge to the dominance of OpenAI’s ChatGPT, signaling a shift towards a higher standard for AI-mediated communication. […]

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The Rise of Cryptocurrency Casinos: What You Need to Know

Nickie Louise Posted On April 19, 2024

As technology continues to advance, the world of online gambling is evolving. One of the most significant developments in recent years has been the rise of cryptocurrency casinos. In this article, we will explore the ins and outs of crypto casino, […]

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Cisco launches HyperShield, a new AI product that provides unified security for clouds and data centers

Nickie Louise Posted On April 18, 2024

Cisco on Thursday unveiled HyperShield, a new AI security product to secure clouds and data centers in response to addressing the escalating demands placed on IT infrastructure by the AI revolution. HyperShield leverages AI capabilities to safeguard applications, devices, and […]

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Andreessen Horowitz raises $7.2 billion for new venture funds to invest in late-stage tech startups

Nickie Louise Posted On April 17, 2024

In a sign of resurgence in the tech startup scene, renowned venture capital firm Andreessen Horowitz announced Tuesday it has raised $7.2 billion across five diverse funds. The massive capital not only underscores the firm’s bullish stance on the tech […]

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French AI tech startup Mistral AI seeking new funding at $5 billion valuation

Nickie Louise Posted On April 17, 2024

French AI tech startup Mistral AI is in advanced discussions with potential investors to raise several hundred million dollars at a valuation of $5 billion, according to a report from The Information. The news comes hot on the heels of its […]

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Microsoft invests $1.5 billion in UAE AI startup G42 to accelerate AI development and global expansion

Nickie Louise Posted On April 17, 2024

Microsoft has announced a $1.5 billion strategic investment in Abu Dhabi-based AI startup G42, making it Microsoft’s fourth multibillion-dollar investment outside the US. This collaboration aims to spark innovation and deliver cutting-edge AI solutions leveraging Microsoft Azure across the Middle […]

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HubSpot co-founder Dharmesh Shah actually bought Chat.com for $15+ million and resold for an undisclosed sum 2 months later [update]

Nickie Louise Posted On April 16, 2024

In May 2023, we covered the story of Dharmesh Shah, co-founder and CTO of HubSpot, when he acquired the domain name chat.com for over $10 million. It was a big bet on the future of digital conversation that got many […]

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AI startup Rivos raises $250 million in funding to develop RISC-V AI chips for generative AI markets

Nickie Louise Posted On April 16, 2024

AI chip startup Rivos has raised $250 million in funding to address the ongoing chip shortage in generative AI markets. This financial boost, part of an oversubscribed Series A-3 funding round, was led by Matrix Capital Management, with a lineup […]

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Salesforce is reportedly in talks to acquire Informatica for more than $11 billion

Nickie Louise Posted On April 16, 2024

Salesforce is in the final stages of negotiations to acquire cloud data-management firm Informatica, according to The Wall Street Journal, which first reported the news on Friday. The news of the potential acquisition sparked a flurry of market activity. Shares […]

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