Lyft is the latest to join the layoff trend. The ride-hailing app giant is laying off 1,072 employees, or about 26% of its corporate workforce, the company said in an SEC filing Thursday. Lyft also added that it won’t hire […]
“Today we announced that we’re scaling back our org by over 50% and saying goodbye to many talented, dedicated teammates in the process. We’re deeply sorry to be doing this, and we would not be making this change if we […]
The sudden success of OpenAI ChatGPT has led to a surge in the flow of investment into generative artificial intelligence (AI) as investors pour billions of dollars into promising AI startups. The latest is Replit, a San Francisco-based generative AI […]
In the US, credit and debit cards make up 57 percent of consumer payments. But the true costs of processing payments to merchants remain hidden from the average consumer. Card fees, particularly for small transactions, can account for more than […]
Good evening! Below are some of the top tech startup news stories for Wednesday, April 26, 2023. General Motors to stop making its best-selling electric vehicle Chevy Bolt Just like that, General Motors’ most popular electric car is on […]
Cryptocurrency and blockchain technology continue to garner increased user adoption thanks to their decentralized nature. This allows individuals to build permissionless and censorship-resistant DeFi systems that shift control away from intermediaries and centralized authorities, such as banks and governments. But […]
API unicorn Rapid (formerly known as Rapid AP) valued at $1 billion just a year ago, has laid off half its workforce, translating to about 115 employees. The unicorn startup doubled its team over the past year at a time […]
Microsoft Edge is the default web browser for Windows 10 but only gets about 11% of the desktop browser market share as of January 2023. Although Microsoft Edge has been lauded for its privacy features, it has recently come under scrutiny […]
Binance.US has terminated a $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital for in a $1.3 billion deal., citing a “hostile and uncertain regulatory climate.” The news comes following a WSJ report that Binance.US was struggling […]
It’s been a while since we last covered the chat and messaging API service SendBird. Back then, the unicorn startup raised $50 million Series B to ramp up global demand for in-app messaging. Since then, the company has grown at […]
Venom, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), today launched its public testnet after years of development. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. The public […]
ChatGPT is all the rage these days and there’s no sign of slowing down. In only five days after its launch, ChatGPT reached an impressive milestone of one million users. To put this into perspective, it took Netflix 3.5 years, Facebook […]
In November 2021, Bitcoin reached an all-time high of $68,789.63. At the time, tech investors including Billionaires Tim Draper and Chamath Palihapitiya predicted that Bitcoin would soar to over $200,000. Draper said he’s confident Bitcoin would reach $250,000 in 2023, […]
In a big blow to inventions generated by artificial intelligence (AI), the Supreme Court of the United States on Monday refused to issue patents for AI inventions created by computer scientist Stephen Thaler. The highest court in the country rejected […]
Modern cybersecurity uses several complex tools to thwart attackers. However, even the most sophisticated tool struggles to combat malicious insider threats. So, what is an insider threat, and why are they so potent? Briefly, insider threats are dangers a disgruntled […]
Following the resounding success of its first in-person iteration since the onset of the Covid pandemic, Korea Blockchain Week (KBW) is set to make a comeback in 2023 as one of Asia’s premier blockchain and Web3 events. KBW2023 is founded […]
As our global society grows increasingly health-conscious, the intersection of technology and healthcare is becoming more critical than ever. One such promising development lies in applying blockchain technology to enhance individual and collective health. Blockchain’s decentralized and transparent nature makes […]
LayerZero and Layer 1 developer, Radix, have joined forces to unveil a new integration to enhance ecosystem interoperability and the user experience of Web3. This integration will enable smoother cross-chain communication and asset transfers within the expanding Radix ecosystem, benefiting […]
The AI Gold Rush is here and everyone wants a piece of it. Although AI has been around for many years, it wasn’t until November of last year that it got mainstream attention with the launch of the popular OpenAI […]
Sweat Economy, the brand behind the popular Sweatcoin and Sweat Wallet apps, is proposing a groundbreaking new approach to Web3 governance with its upcoming token burn vote. The vote, set to take place on April 18 to April 23, 2023, […]
