March 17, 2025
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Nvidia loses $600 billion in just 2 hours as DeepSeek’s success raises questions about AI chip spending
Nickie Louise Posted On January 27, 2025


Nvidia saw a sharp 17.55% drop on Monday, leading a global tech sell-off. This massive plunge hit other U.S. tech stocks as well, with companies like Micron, Arm Holdings, Broadcom, and Advanced Micro Devices all feeling the heat. Nvidia’s market […]


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DeepSeek surpasses ChatGPT on App Store as Chinese AI startup sends shockwaves through tech stocks
Nickie Louise Posted On January 27, 2025


Chinese AI startup DeepSeek has overtaken ChatGPT to become the highest-rated free app on Apple’s App Store in the U.S. This achievement comes just weeks after its January 10 launch, fueled by the growing popularity of the DeepSeek-R1 AI model. […]


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From DeepSeek to ByteDance: American Tech CEOs Sound Alarm on China’s AI Breakthroughs
Nickie Louise Posted On January 24, 2025


Earlier today, we reported that Meta AI has gone into panic mode following the meteoric rise of free open-source DeepSeek, a Chinese AI model that has taken the industry by storm. DeepSeek outperformed leading AI systems, including Meta’s Llama 3.1, […]


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Founder of $80 million AI chatbot startup GameOn indicted for fraud in San Francisco
Nickie Louise Posted On January 24, 2025


Fraud allegations have once again sent shockwaves through the startup world, this time centering on GameOn, a San Francisco-based AI chatbot startup recently valued at $80 million. Federal prosecutors revealed Thursday that Alexander Beckman, the 41-year-old founder and CEO of […]


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SEC revokes controversial rule SAB 121, paving way for Wall Street’s bitcoin and crypto adoption
Daniel Levi Posted On January 24, 2025


The U.S. Securities and Exchange Commission (SEC) has officially repealed SAB 121, an accounting rule introduced in 2022 that required banks to classify bitcoin and other cryptocurrencies as liabilities on their balance sheets, according to a public notice posted on […]


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Meta AI in panic mode as free open-source DeepSeek gains traction and outperforms for far less
Nickie Louise Posted On January 24, 2025


Late last year, we reported on a Chinese AI startup that surprised the industry with the launch of DeepSeek, an open-source AI model boasting 685 billion parameters. What made headlines wasn’t just its scale but its performance—it outpaced OpenAI and […]


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This week in AI: Top 10 AI news stories you need to know
Nickie Louise Posted On January 23, 2025


AI had a busy week, with announcements ranging from OpenAI’s new task-performing agent to Tencent’s advances in 3D design. The pace of innovation in artificial intelligence shows no signs of slowing down, and this week was no exception. Major players like […]


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OpenAI launches Operator AI agent, expands free ChatGPT features with o3-Mini model
Nickie Louise Posted On January 23, 2025


OpenAI on Thursday rolled out two significant updates: ‘Operator’, an AI agent that can perform web-based tasks like buying groceries or managing expense reports, and the o3-mini model, which will now be available to ChatGPT’s free-tier users. In a post […]


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Stripe lays off 300 employees, or 3.5% of its global workforce, amid major restructuring efforts
Nickie Louise Posted On January 23, 2025


Stripe has laid off 300 employees, representing 3.5% of its workforce, with the majority of the cuts affecting roles in key departments including product, engineering, and operations, CNBC reported. Despite the layoffs, the payments giant—valued at around $70 billion in […]


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Cryptocurrency
World Mobile Partners with Tenity, Unveils $25 Million Grant Program to Drive DePIN Innovation
Chainwire Posted On January 23, 2025


London, England, 23rd January 2025, Chainwire


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Everstone acquires bootstrapped Indian SaaS startup Wingify in $200 million deal
Nickie Louise Posted On January 23, 2025


Private equity firm Everstone has secured a majority stake in Indian SaaS startup Wingify in a deal valued at approximately $200 million, TechCrunch reported, citing three sources familiar with the transaction. The acquisition, finalized earlier this week, highlights Wingify’s remarkable […]


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ChatGPT is down again: OpenAI’s ChatGPT is hit with outages. Here’s what you need to know
Nickie Louise Posted On January 23, 2025


Less than a month after blaming high error rates for API and Sora for ChatGPT outages, OpenAI announced this morning that its AI chatbot app is experiencing an “elevated Error Rate for ChatGPT and API.”  ChatGPT has been down for […]


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OpenAI targets AGI with system that thinks like a pro engineer, a day after dismissing rumors of an imminent launch
Nickie Louise Posted On January 22, 2025


Just a day after dismissing rumors about an imminent launch, The Information reported this evening that OpenAI is moving closer to its goal of artificial general intelligence (AGI) by developing a system capable of performing like a seasoned software engineer. […]


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Israeli AI startup Doti AI raises $7M to empower enterprises to access internal knowledge and unlock their data silos
Daniel Levi Posted On January 22, 2025


Managing internal knowledge has always been a headache for enterprises. Siloed data, outdated tools, and endless security concerns make it harder for teams to get the answers they need when they need them. That’s where Doti AI comes in, an […]


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Meta joins $10 billion investment in Databricks as data analytics startup prepares for potential IPO
Nickie Louise Posted On January 22, 2025


Meta has invested in data analytics startup Databricks, the company revealed on Wednesday, according to a report from CNBC. This addition to Databricks’ roster of investors underscores the startup’s rapid rise in the AI-driven software industry. The news comes just […]


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XRP ETF Rumors Rile Up Investors and Pump Price
Nickie Louise Posted On January 22, 2025


Crypto industry watchers will remember that one of the biggest developments in 2024 was the approval of spot ETFs for both Bitcoin and Ether. The ETFs had been heavily pursued within the crypto space and finally having them approved was […]


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Music AI, creator of Moises, raises $40M Series A to revolutionize ethical AI in audio and music
Nickie Louise Posted On January 22, 2025


Music AI, the AI startup behind the widely acclaimed Moises app, has raised $40 million in a Series A funding round led by Connect Ventures—a partnership between Creative Artists Agency (CAA) and NEA—and Brazilian investment giant, monashees. Additional backers include […]


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Silk Road founder Ross Ulbricht is finally free: Granted full pardon by Trump, ending life sentences
Nickie Louise Posted On January 22, 2025


In a move that has reignited debate around justice in the digital age, President Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road. Ulbricht, who was serving two […]


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Google invests another $1 billion in AI startup Anthropic as AI race heats up
Nickie Louise Posted On January 22, 2025


Google is doubling down on artificial intelligence with a fresh $1 billion investment in Anthropic, according to a report by the Financial Times on Wednesday. This new funding, which pushes the AI startup’s valuation to a staggering $60 billion, is […]


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President Trump: US secures $3 trillion in investments on his first day in office, projects $7 trillion by week’s end
Nickie Louise Posted On January 21, 2025


Just hours after unveiling what he called the largest AI infrastructure project in U.S. history, President Donald Trump took to X (formerly Twitter) to share another staggering milestone. The United States has already secured nearly $3 trillion in new investments, […]


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