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BlackRock now controls a record $11.5 trillion worth of assets

Nickie Louise Posted On October 11, 2024

BlackRock, the world’s largest asset manager, has reached a new milestone, managing a record $11.5 trillion in assets, driven by significant fourth-quarter inflows into its exchange-traded funds (ETFs). Often referred to as the “fourth branch of government,” BlackRock’s assets under […]

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23andMe’s Fall: From $6 billion genetic testing company to near collapse; what happens to your DNA data?

Nickie Louise Posted On October 11, 2024

Earlier this year, we covered the dramatic rise and fall of 23andMe, a genetic testing company once valued at $6 billion. A lot has changed since then. On September 17, 2024, the entire board of directors resigned after founder and […]

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Swedish EV battery startup Northvolt in talks to raise 200 million euros in short-term funding

Nickie Louise Posted On October 11, 2024

A year ago, we covered Northvolt after the company secured $1.2 billion in funding from BlackRock and other investors to ramp up its factory operations. Now, the Swedish lithium-ion battery startup, founded by a former Tesla executive, is facing a […]

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Climbing The Crest Of Crypto Casinos

Nickie Louise Posted On October 11, 2024

Cryptocurrency has made itself at home in the online casino world, especially in North America and Europe. Online crypto casinos offer players the option of crypto gaming, a new term coined to describe betting with various cryptocurrencies on games, sports, […]

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Tesla’s Optimus bot impresses at ‘We, Robot’ event: “Learn to be as human as you guys are”

Nickie Louise Posted On October 11, 2024

After months of anticipation, Tesla finally revealed its Optimus bot at the ‘We, Robot’ event on Thursday, hosted by Warner Bros.The presentation didn’t disappoint the crowd, as Tesla’s humanoid robots took the stage alongside the new Robovan vehicle at the […]

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Fidelity Hacked: Fidelity confirms data breach exposed personal data of 77,000 customers

Nickie Louise Posted On October 10, 2024

Just two days after a massive cyberattack on America’s largest water utility, Fidelity Investments, one of the world’s top asset managers, disclosed that hackers had compromised the personal data of thousands of its customers. The firm confirmed that the breach, […]

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Healthcare startup Suki scores $70 million in funding to develop AI hospital assistants

Nickie Louise Posted On October 10, 2024

Suki, a healthcare tech startup focused on building AI assistants for medical professionals, has raised $70 million in a Series D funding round, the company shared with Reuters. Investors are betting big on the rise of generative AI tools in […]

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Grabango, an Amazon cashierless rival that offers checkout-free tech, shuts down after failing to secure funding

Nickie Louise Posted On October 10, 2024

Grabango, the Silicon Valley startup that aimed to challenge Amazon in the cashierless checkout race, has closed its doors after failing to secure the necessary funding. The company joins a growing list of failed startups that have struggled in the […]

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AI startup Writer is raising $200M in funding at a $1.9 billion valuation, launches new model to compete with OpenAI

Nickie Louise Posted On October 9, 2024

AI startup Writer is reportedly raising up to $200 million at a $1.9 billion valuation, according to a source who spoke with CNBC. This marks a significant jump from its valuation last September when the company raised $100 million at […]

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Auger, a new logistics startup founded by former Amazon Consumer chief, raises $100 million in funding

Nickie Louise Posted On October 9, 2024

Dave Clark, the former Amazon Consumer CEO who helped build the company into a logistics powerhouse, is now turning his attention to improving Fortune 500 supply chains. On Tuesday, Clark announced the launch of a supply chain management software startup […]

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US government says it is considering breaking up Google following antitrust monopoly ruling

Nickie Louise Posted On October 9, 2024

The U.S. government is considering asking a judge to force Google to break up parts of its business—such as its Chrome browser and Android operating system—to address its dominance in online search. This move could significantly alter the structure of […]

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Cognizant found guilty of discriminating against non-Indian tech workers

Nickie Louise Posted On October 9, 2024

In what might be viewed as reverse discrimination, Cognizant, a New Jersey-based outsourcing firm that provides thousands of workers to Silicon Valley’s tech industry and other Bay Area companies, was found guilty of discriminating against non-Indian workers. According to a […]

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Food delivery firm Just Eat teams up with Rokt for AI-powered ads

Nickie Louise Posted On October 9, 2024

Food delivery service Just Eat Takeaway is teaming up with e-commerce company Rokt to integrate AI technology aimed at improving post-purchase ads on Just Eat’s platforms, according to a joint announcement on Wednesday. This partnership will give advertisers in the […]

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Indian AI healthcare startup Jivi raises new funding led by Andrew Ng-led AI fund

Nickie Louise Posted On October 8, 2024

Andrew Ng’s AI Fund announced Tuesday its first investment in an Indian AI healthcare startup, Jivi. While the fund didn’t reveal the exact financials, this marks a significant step in its expansion into India’s AI-driven healthcare sector. According to a […]

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Women’s health startup Maven Clinic closes $125 million in funding at a $1.7 billion valuation

Nickie Louise Posted On October 8, 2024

It’s been four years since we last covered Maven Clinic, a female-led startup focused on virtual care for women and families. The startup gained attention after raising $45 million in Series C funding to transform women’s healthcare. Fast forward to […]

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Epic wins against Google: Judge rules Android App Store an illegal monopoly, orders opening to third-party stores

Nickie Louise Posted On October 8, 2024

Epic Games scored a major legal victory on Monday, just a week after filing a lawsuit against Google over its app store practices. In a pivotal ruling, a federal judge declared Google’s Android app store an illegal monopoly, ordering the […]

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Legal AI startup EvenUp raises $135 million in funding at over $1 billion valuation

Nickie Louise Posted On October 8, 2024

San Francisco-based legal AI startup EvenUp has secured $135 million in Series D funding, making it one of the largest in legal AI history. This latest round, which pushes the company’s valuation past the $1 billion mark, was led by […]

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Nissan acquires 25% stake in auto startup ChargeScape, a joint venture owned by BMW, Ford, and Honda

Nickie Louise Posted On October 7, 2024

Nissan Motor announced on Monday that it is investing in ChargeScape, with plans to roll out the company’s battery charging services to its electric vehicle drivers across the United States and Canada. Although the investment amount was not disclosed, Nissan […]

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Building Radar secures $7.2M in funding to revolutionize construction industry sales with AI

Nickie Louise Posted On October 7, 2024

The construction industry is one of the largest in the world but still lacks modern IT infrastructure. Even in 2024, it continues to rely on outdated, person-to-person sales networks. This challenge prompted Munich-based tech startup Building Radar to step in […]

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