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Mexican fintech startup Stori becomes a unicorn with $212 million funding round

Nickie Louise Posted On August 6, 2024

Mexican fintech startup Stori has risen to “unicorn” status after landing a $212 million round of funding, the largest announced by a Mexican startup in the past year, according to data from Crunchbase. Stori plans to use its recent capital […]

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Climate startup Climatize raises $1.75M in pre-seed funding to boost renewable energy

Nickie Louise Posted On August 6, 2024

With the surge in artificial intelligence funding, climate tech has seen a notable decline in financial support, particularly for small and mid-sized renewable projects. To tackle this, a new platform aims to channel more funds into sustainable initiatives. Enter Climatize, […]

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OpenAI co-founder and ChatGPT creator quits to join rival AI startup Anthropic

Nickie Louise Posted On August 6, 2024

OpenAI co-founder John Schulman has left the generative AI he co-founded in 2015 for rival AI startup Anthropic, leaving just two original co-founders still working at the company. Schulman, who led the creation of ChatGPT, announced in a post on […]

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Infineon cuts 1,400 jobs amid tech layoffs

Nickie Louise Posted On August 5, 2024

Infineon announced on Monday that it will eliminate 1,400 jobs worldwide as part of a broader trend of layoffs in the tech industry. The German semiconductor company also plans to shift another 1,400 positions to countries with lower labor costs. […]

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Google found guilty of monopoly: Judge rules Google illegally maintained search and ad monopoly

Nickie Louise Posted On August 5, 2024

Google has been found guilty of monopoly after losing a major antitrust case. In a court hearing on Monday, a federal US judge ruled that Google abused its power and illegally maintained a monopoly in search and text advertising. The […]

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How to use Google Trends to identify and evaluate profitable business startup ideas

Nickie Louise Posted On August 5, 2024

Every day, thousands of founders go online to search for that “perfect idea” to kickstart their startup journey. However, identifying the next big thing can be a daunting task, especially for aspiring entrepreneurs. In recent months, we’ve shared a series […]

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Ex-Google engineers and founders of generative AI startup Character.AI return to DeepMind in new partnership

Nickie Louise Posted On August 5, 2024

Ex-Google engineers and Character.AI co-founders are returning to Google’s artificial intelligence unit DeepMind. The news comes just three years after the duo left the search giant to launch the buzziest generative AI startup. In an announcement on Friday, the two […]

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Thoughtworks to go private in a $1.75 billion deal with private equity firm Apax Partners

Nickie Louise Posted On August 5, 2024

Tech consulting firm Thoughtworks announced on Monday it has agreed to be taken by private equity powerhouse Apax Partners in a deal valued at approximately $1.75 billion. The news comes nearly three years after its stock market debut. Under the […]

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Bitcoin / Cryptocurrency / Ethereum / Technology News

Fewer ETFs Coming Than We Think, Says BlackRock Exec

Nickie Louise Posted On August 5, 2024

If you’ve kept up with developments in the crypto space this year, you’ll know that exchange-traded funds (ETFs) have been a hot topic. 2024 started off with the approval of spot ETFs for Bitcoin, which had been pursued by different […]

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Top 7 Big Tech Companies to Lose $1 Trillion in Market Capitalization

Nickie Louise Posted On August 5, 2024

Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway’s decision to cut its stake in the iPhone maker punctured a months-long rally in the sector. High-performing tech companies, often called the […]

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Intel to lay off 17,500 employees, or 15% of its total workforce, after losing half of its market cap this year

Nickie Louise Posted On August 2, 2024

Intel announced on Thursday that it would lay off 17,500 employees, or more than 15% of its total workforce, in a bid to turn around its money-losing semiconductor manufacturing business. The Santa Clara, California-based Intel currently employs 116,500 people as […]

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Ola Electric to raise $734 million in India’s largest IPO this year, draws $2 billion in institutional bids

Nickie Louise Posted On August 1, 2024

Indian electric scooter startup OLA Electric is set to raise $734 million in what will be the country’s biggest IPO this year. According to Reuters, the institutional investors have already received $2 billion worth of bids for the IPO, putting […]

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Spanish EdTech startup Masterplace raises $2 million seed round to launch AI-powered educational platform

Nickie Louise Posted On August 1, 2024

The online education sector has experienced explosive growth in recent years, particularly since the pandemic, driven by an ever-increasing number of content creators across various platforms, from YouTube and TikTok to professionals offering bespoke courses. Riding this wave, Barcelona-based EdTech […]

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Blockchain climate startup Raad Labs emerges from stealth with $2.25M in funding led by CoinFund

Nickie Louise Posted On July 31, 2024

In the United States, wildfires rank among the most devastating climate disasters, inflicting billions in economic losses and human suffering each year. To combat this escalating threat, blockchain climate tech startup Raad Labs is deploying a distributed network of meteorological […]

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Uber partners with BYD to bring 100,000 EVs to its global ride-hailing fleet

Nickie Louise Posted On July 31, 2024

Uber and Chinese automaker BYD announced on Wednesday a multi-year partnership aimed at integrating BYD’s electric vehicles (EVs) into Uber’s ride-hailing platform worldwide. As part of the partnership, Uber plans to deploy 100,000 BYD electric cars on its ride-hailing platform, […]

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Supra launches StarKey Wallet, a self-custodial wallet to revolutionize multichain crypto management

Nickie Louise Posted On July 30, 2024

Web3 is a vast universe of chains and dApps, and securing and managing digital assets across multiple blockchains is crucial. To address this need, Supra, a prominent layer-1 blockchain, has unveiled a new tool to make cryptocurrency and Web3 experiences […]

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Self-driving tech startup WeRide expands its global reach amid AI boom

Nickie Louise Posted On July 30, 2024

It’s been three years since we last checked in on WeRide, the Guangzhou-based smart mobility startup specializing in L4 autonomous driving technologies. Back then, WeRide made headlines with the debut of its self-driving cargo van, Robovan, its debut self-driving cargo […]

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0G Foundation and OnePiece Labs join forces to launch new incubator program for Web3 and AI startups

Nickie Louise Posted On July 30, 2024

With Web3 and AI technologies gaining increasing momentum, 0G Foundation announced today it has teamed up with One Piece Labs to launch its inaugural incubation program, targeting promising startup founders across various industries. This initiative seeks to provide these emerging […]

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Meta launches AI Studio, a new AI tool that lets users create custom AI characters

Nickie Louise Posted On July 29, 2024

Meta Platforms on Monday announced the launch of AI Studio, a new AI tool that enables users to create, share, and design personalized AI chatbots. With AI Studio, anyone can craft an AI character tailored to their interests, and creators […]

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A decade later, Amazon’s $1 billion Twitch acquisition fails to pay off

Nickie Louise Posted On July 29, 2024

In a bold move back in 2014, Amazon shook the tech world by acquiring the live-video startup Twitch for nearly $1 billion. At the time, the acquisition was viewed as a strategic leap into the exploding esports and online gaming […]

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