Nickie Louise - Tech Startups

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Amazon invests another $2.75 billion in AI startup Anthropic, its largest venture investment to date

Nickie Louise Posted On March 28, 2024

In a strategic move aimed at maintaining its dominance in the rapidly evolving landscape of artificial intelligence (AI), Amazon announced it is investing an additional $2.75 billion into AI startup Anthropic. This fresh injection of capital supplements Amazon’s initial $1.25 […]

726 Views

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Sam Bankman-Fried to be sentenced today for $8 billion FTX fraud; faces 110 years in prison

Nickie Louise Posted On March 28, 2024

Former crypto billionaire Sam Bankman-Fried is bracing for his sentencing on Thursday following his conviction for stealing $8 billion from customers of the now-defunct FTX exchange, a company he founded five years ago. At 32, Bankman-Fried stares down the possibility […]

568 Views

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SEC scores a major win in its lawsuit against Coinbase; case heads to trial as judge rules suit can proceed

Nickie Louise Posted On March 27, 2024

In a significant legal development, the US Securities and Exchange Commission (SEC) secures a pivotal win in its lawsuit against leading cryptocurrency exchange Coinbase. Following a ruling by a federal judge on Wednesday, it has been determined that the SEC’s […]

898 Views

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The State of DeFi 2024: Entering a New Era of Growth

Nickie Louise Posted On March 27, 2024

Exponential.fi, a prominent crypto investment platform, has released its latest report, “The State of DeFi,” shedding light on the current landscape of decentralized finance (DeFi). The report signals a pivotal shift towards safer avenues like staking and secured lending, while […]

714 Views

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Amazon fined $7.8 million by Poland’s consumer watchdog for misleading customers

Nickie Louise Posted On March 27, 2024

In a significant blow to e-commerce giant Amazon, Polish consumer watchdog UOKiK has slapped a hefty fine of 31 million zlotys (approximately $7.8 million) on the company. The fine comes as a consequence of alleged misleading practices regarding product availability […]

1.9K Views

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Alibaba to acquire remaining stake in Cainiao for up to $3.75 billion; shelves IPO plan

Nickie Louise Posted On March 26, 2024

In a surprising move, Chinese e-commerce behemoth Alibaba Group Holding has called off its plans for an initial public offering (IPO) of its logistics arm, Cainiao Smart Logistics Network. Instead, the company is opting to acquire the remaining 36% stake […]

1.8K Views

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Reddit IPO makes OpenAI CEO Sam Altman $400 million richer

Nickie Louise Posted On March 26, 2024

In a thrilling market debut on Thursday, Reddit burst onto the New York Stock Exchange scene, sending its shares skyrocketing by an astonishing 70%. The impressive surge marked a formidable entry into the public market for the social media giant, […]

604 Views

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Adam Neumann makes a $500 million bid to buy WeWork out of bankruptcy

Nickie Louise Posted On March 26, 2024

In February, we delved into Adam Neumann’s aspirations after the former WeWork CEO expressed interest in buying back the real-estate startup he co-founded 14 years ago. Fast forward to now, and Neumann has reportedly made a bold move with a […]

1.8K Views

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Israeli fintech startup FundGuard raises $100M for global expansion of its AI-based investment platform

Nickie Louise Posted On March 25, 2024

Fundguard, an Israeli fintech startup renowned for its AI-powered global asset servicing platform, has just announced a significant milestone. The company revealed on Monday that it has successfully raised $100 million in a private funding round, marking a substantial step […]

591 Views

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Fintech startup Goalsetter secures $9.6M in Series A Extension to grow its financial education platform

Nickie Louise Posted On March 25, 2024

Goalsetter, the fintech platform revolutionizing family finance and youth financial literacy, has closed a $9.6 million Series A extension, propelling its total funding to over $30 million since its last major funding round when we covered the fintech startup four […]

2.6K Views

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Stability AI faces unstable future as CEO resigns to ‘pursue decentralized AI’

Nickie Louise Posted On March 25, 2024

In a surprising turn of events, Emad Mostaque, the founder and CEO of Stability AI, has resigned from the company amidst a series of high-profile departures and mounting investor pressure, leaving the startup in a state of uncertainty. This development […]

696 Views

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From 20+ startup failures to $100 million a year success: Noah Kagan’s inspiring story and his advice to young entrepreneurs

Nickie Louise Posted On March 22, 2024

Are you in your twenties and feeling a bit lost in terms of your career direction? Well, you’re definitely not alone in that boat. This week, we want to share an inspiring story about an entrepreneur who faced numerous setbacks […]

1.5K Views

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Microsoft strikes $650 million deal with Inflection AI to license its AI technology and talent

Nickie Louise Posted On March 22, 2024

In a move signaling Microsoft’s deepening commitment to AI, the tech titan has inked a deal with the promising AI startup Inflection, according to a report from Reuters. Sources close to the matter revealed that Microsoft will shell out nearly […]

987 Views

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Reddit pops on IPO; shares soar as much as 70% in NYSE debut

Nickie Louise Posted On March 21, 2024

Reddit made a market debut on the New York Stock Exchange Thursday sending its shares soaring by a whopping 70%, marking an impressive entry into the public market. By the closing bell, Reddit’s shares ended up 48%, signaling a potential […]

679 Views

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AI startup Borderless AI launches with $27 million in funding to speed up global hiring

Nickie Louise Posted On March 21, 2024

Investment in artificial intelligence (AI) remains red hot as investors continue to pour billions into promising AI technologies. The latest player to ride the AI funding wave is Borderless AI, a Toronto-based startup leveraging generative AI to revolutionize team onboarding […]

1.1K Views

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Reddit’s long-awaited IPO priced at top range as valuation dips to $6.4 billion from $10 billion in 2021

Nickie Louise Posted On March 21, 2024

In a much-anticipated move, Reddit, the internet’s most famous online forum, has finally made its grand entrance onto the New York Stock Exchange stage, stirring up excitement among investors and setting a tone for forthcoming public listings in 2024. The […]

808 Views

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AI startup Cohere in talks to raise $500 million in funding at $5 billion valuation

Nickie Louise Posted On March 21, 2024

Cohere, the Toronto-based AI startup challenging OpenAI with its revolutionary foundation models, is edging closer to closing a monumental funding round, according to exclusive reports from Reuters this morning. Sources close to the matter revealed that the company is in […]

921 Views

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Reddit sets to make public debut tomorrow at $$6.4B valuation as Reddit power users decline IPO offer

Nickie Louise Posted On March 20, 2024

Tomorrow marks a significant milestone for Reddit as it gears up for its much-awaited debut on the New York Stock Exchange, set for Thursday, March 21, with a valuation of $6.4 billion. The impending listing is poised to capture the […]

987 Views

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Romanian startup Nordensa raises €1.65M seed round to grow its fan-backing football talent platform

Nickie Louise Posted On March 20, 2024

Romanian tech startup Nordensa has raised €1.65 million in seed funding to grow the world’s first fan-powered platform revolutionizing football talent discovery through fan engagement. This funding injection is set to fuel Nordensa’s mission of empowering fans and enhancing its […]

2.7K Views

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Microsoft hires DeepMind co-founder Mustafa Suleyman to run its new consumer AI unit

Nickie Louise Posted On March 20, 2024

In a strategic move signaling its ambition in the AI space, Microsoft announced on Tuesday it hired Mustafa Suleyman, one of the brains behind Google DeepMind, to spearhead its newly formed consumer AI unit dubbed Microsoft AI. Suleyman, who also […]

1.1K Views