Grand Cayman, Cayman Islands, 20th November 2024, Chainwire
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600 Views
SpaceX conducted the sixth test flight of its Starship rocket on Tuesday, marking its fourth mission of the year. The uncrewed launch took off from SpaceX’s Starbase facility near Brownsville, Texas, as part of the company’s ongoing efforts to refine […]
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AdTech
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Google intensifies crackdown on sites publishing ‘parasite SEO’ content
The race to dominate Google’s search results has driven some companies, both large and small, to adopt questionable tactics like Parasite SEO—an unethical practice where websites leverage the authority of reputable domains to rank for competitive keywords. However, Google is […]
2.5K Views
Artificial Intelligence
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Enfabrica, AI chip startup founded by Google and Broadcom execs, raises $115M to tackle networking bottlenecks and scale AI model training
Enfabrica, a Silicon Valley startup founded by former executives from Alphabet’s Google and Broadcom, announced on Tuesday that it has raised $115 million in funding. The company plans to launch its newest chip early next year, aiming to solve critical […]
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Acquisition
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Robinhood to acquire TradePMR for $300 million, expanding offerings to $7 trillion RIA market
Robinhood Markets, the parent company of the popular trading app Robinhood, is set to acquire portfolio management platform TradePMR in a cash-and-stock deal valued at approximately $300 million, the companies announced on Tuesday. The acquisition marks Robinhood’s latest move to expand […]
953 Views
It’s 2024, and Americans are spending a staggering $546 billion annually just to navigate the U.S. tax system. Why? The tax code has ballooned into a 10-million-word labyrinth, making it 21 times longer than the entire Lord of the Rings […]
8.7K Views
San Fransisco, USA, 19th November 2024, Chainwire
631 Views
Artificial Intelligence
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Semiconductor
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Microsoft-backed tech startup d-Matrix launches first AI chip to revolutionize chatbots and video generation
Silicon Valley-based AI startup d-Matrix announced Tuesday that it has started shipping its first AI chip, designed to support applications like chatbots and video generators. This milestone comes just over a year after the company secured $110 million in funding […]
1.3K Views
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IPO
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ServiceTitan, a software startup valued at $9.5 billion, files for U.S. IPO on Nasdaq
ServiceTitan, a software startup that develops tools for home services businesses, filed paperwork on Monday for an initial public offering (IPO) in the U.S. The Glendale, California-based company plans to list its shares on the Nasdaq under the ticker symbol […]
1.4K Views
Valletta, Malta, 18th November 2024, Chainwire
662 Views
Failed Startups
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AI healthcare startup Forward shuts down after burning through $400 million from investors
Forward, a once-promising healthcare startup that aimed to revolutionize care with its “doctor-in-a-box” modules, is shutting down. The closure comes just a year after the San Francisco-based company raised $100 million in funding, bringing its total fundraising to nearly $400 […]
9.6K Views
Austin, United States, 18th November 2024, Chainwire
639 Views
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Space
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Space startup The Exploration Company raises $160M to develop reusable capsule, positioning itself as Europe’s answer to SpaceX
Even as SpaceX dominates the space industry, investors are placing their bets on emerging startups that could fill gaps in a less crowded market. Among these is The Exploration Company (TEC), a Munich-based space startup making waves with its ambitious […]
2.2K Views
London, United Kingdom, 18th November 2024, Chainwire
573 Views
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TikTok parent ByteDance valued at $300 billion as revenue surges 30% to $110 billion
ByteDance, the parent company of TikTok, has set its valuation at approximately $300 billion. The news comes after the company recently approached investors with a share buyback offer, according to sources and a document reviewed by Reuters. The proposed buyback […]
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Charlestown, Saint Kitts and Nevis, 18th November 2024, Chainwire
661 Views
Barcelona, Spain, 18th November 2024, Chainwire
566 Views
HO CHI MINH, Vietnam, 17th November 2024, Chainwire
680 Views
After nearly a year-long boycott, major advertisers have resumed their campaigns on X (formerly Twitter). Companies including IBM, Disney, Comcast, Discovery, Warner Bros., and Lionsgate Entertainment have returned to the platform, signaling renewed trust in X’s leadership under CEO Linda […]
4.0K Views
Electric Car
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Electric Vehicles
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SpaceX eyes $250 billion valuation in tender offer, positioning Elon Musk to become the world’s first trillionaire by the end of the decade
Elon Musk’s SpaceX—the leader in rocket launches and high-speed satellite internet through Starlink—is gearing up for a tender offer in December, offering existing shares at $135 each, according to an exclusive report from The Financial Times citing insider sources. At […]
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