French gaming company La Francaise des Jeux SA (FDJ) launched a takeover bid on Monday to buy the Swedish online gaming company Kindred Group. The deal is set to create a major player in the gambling industry, positioning FTD as […]
Sanjay Shah, the founder and CEO of Vistex, a software startup based in Illinois, tragically passed away last week after an incident during a company event, as reported by multiple sources. The distressing incident was captured on video and shared […]
The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. The […]
Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and […]
After 12 years of reign, Apple has toppled Samsung to become the world’s top smartphone seller. Apple dethroned Samsung Electronics as the leading global smartphone seller, securing a 20% market share, according to a report by the International Data Corp […]
Harry Glaser is the CEO and co-founder of Modelbit, a San Francisco-based startup dedicated to simplifying the deployment and management of models in production for data scientists. Co-founded with his friend and CTO Tom O’Neill in 2021, Modelbit empowers data […]
In just the first two weeks of 2024, tech companies have already laid off over 7,500 employees. According to the layoff tracking website Layoffs.fyi, 48 tech companies laid off a total of 7528 employees. Despite tech stocks experiencing a notable rebound […]
The world of work is undergoing a transformation, driven by rapid advancements in artificial intelligence (AI) and generative AI. These changes, coupled with the growing emphasis on a greener future, are reshaping employment across various sectors. While some roles diminish, […]
InVision, a New York-based design software unicorn startup, has officially closed its platform. The company made the announcement about its shutdown at the end of last year. Before facing closure, InVision had raised a total of $350 million in funding […]
We’re in an era where technology is evolving rapidly. One noteworthy development is the rise of artificial intelligence (AI) tools such as OpenAI’s ChatGPT. With these tools becoming increasingly mainstream, businesses and organizations are actively seeking ways to reduce costs […]
Meetup, the popular NYC-based social event platform that connects people through local groups and activities, has officially been acquired by Milan, Spain-based mobile app developer Bending Spoons. The details of the deal are under wraps, but Bending Spoons announced the […]
The U.S. Securities and Exchange Commission (SEC) has finally approved 11 spot bitcoin exchange-traded funds (ETFs), including those from Grayscale, Bitwise, and Hashdex, Reuters reported, citing a statement from the agency The approval marks a significant development for Bitcoin, providing […]
Ripple Labs, a crypto startup best known for its XRP coins, is buying back $285 million worth of company shares from early investors and employees, according to information from two reliable sources cited by Reuters. The deal, referred to as […]
Tech giants from around the globe have once again gathered in Las Vegas to showcase their latest and most remarkable gadgets at CES 2024. This event has become a hub for a wide range of technological innovations, making it the […]
Get ready to ditch Venmo. Elon Musk’s X (formerly Twitter) is set to revolutionize social media with the launch of peer-to-peer (P2P) payments this year. The proposed launch is part of Musk’s push to make X an “everything app” like […]
A U.S. lunar lander that launched from Florida on Monday in hopes of becoming the first American craft to touch down on the moon in more than 50 years faced a setback due to a “critical loss of propellant” a […]
Twilio co-founder Jeffrey Lawson has stepped down from his positions as chairman and CEO of the cloud communications company amid ongoing clashes with activist investors. Khozema Shipchandler, a seasoned Twilio executive, will take over the roles, effective from Monday, and […]
Ant Group is close to sealing a deal to acquire MultiSafepay, a Dutch payments company, for about $200 million, Reuters reported, citing people familiar with the matter. The move is part of their ongoing drive into Western payment markets, as […]
Orrick, Herrington & Sutcliffe, a well-known global law firm recognized for its expertise in managing data breaches, has unfortunately become a victim of cyber attacks, failing to safeguard itself and its clients from unseen adversaries of hackers. The cyberattack occurred […]
In the largest survey of artificial intelligence (AI) researchers to date, a majority say there is a 5% chance that AI tech could pose an existential threat to humanity due to the possible development of superhuman AI. The findings come […]
