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 […]
Global venture capital activity in the third quarter of 2023 experienced another decline, despite a late-stage rebound fueled by significant deals in the field of artificial intelligence. Crunchbase data reveals that global venture funding dropped to $19.2 billion in November, […]
Tech stocks had one of their best years in the last two decades following the 2022 slump. But the stellar stock performance didn’t fully carry into the IPO scene in 2023. The tech IPO market welcomed only 148 new companies […]
China’s BYD has overtaken Tesla to become the largest maker of pure-electric vehicles. In the last quarter of 2023, BYD surpassed Tesla to claim the top spot as the world’s largest electric car company. The Chinese electric car manufacturer experienced a […]
Bitcoin, the world’s largest cryptocurrency, roared back to life on Tuesday, breaching the $45,000 mark for the first time since April 2022. This significant surge signals a noteworthy milestone in the cryptocurrency’s resurgence after a period of consolidation in the […]
Xiaomi, known for its smartphones and pocket gadgets, made a big move on Thursday by unveiling its very first electric car, which the company said can outperform Porsche and has more tech than Tesla. With this launch, the company said […]
