Bermuda, Bermuda, 19th June 2024, Chainwire
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Sonic secures $12 million in Series A funding to boost gaming on Solana
Sonic, the first gaming-focused layer-2 blockchain to launch on Solana, has secured $12 million in Series A funding. The round was led by BITKRAFT Ventures, with additional investments from Galaxy Interactive, Big Brain Holdings, and other notable firms. This latest […]
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Top venture funding news for today, June 18, 2024: Maxim AI, Huntress, Companion, Ramify, Hark, & Echion
Good evening! It’s been over a year since our last edition of the Top Startup News of the Day, and we’ve been hard at work behind the scenes to introduce a new feature: the Startup Directory. This tool allows you […]
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In 2023, Amazon’s revenue from seller fees skyrocketed to a staggering $140 billion, marking a significant 25% of its total revenue. This surge in fees has placed immense pressure on small businesses, with 33% now on high alert due to […]
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AI startup You.com is raising $50M in funding to pivot from AI-powered search engine to AI assistant market
In 2021, we reported on You.com, an AI startup that raised $20 million in funding to take on Google with a more customizable search engine that summarizes web content. Three years later, You.com appears to be pivoting towards the AI […]
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Cybersecurity startup Huntress raises $150M in Series D funding; doubles its valuation to over $1.5 billion
Cybersecurity startup Huntress has secured $150 million in Series D funding to secure IT infrastructure and bolster security for small businesses and the service providers that support them. The round, led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire […]
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AI startup Decagon emerges from stealth with $35M in funding to revolutionize customer service with AI
The gold rush for artificial intelligence shows no signs of slowing down as investors and VC firms pour billions into innovative generative AI startups. One of the latest beneficiaries of this funding wave is Decagon, a tech startup specializing in […]
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London, London, 18th June 2024, Chainwire
968 Views
Monaco City, Monaco, 18th June 2024, Chainwire
956 Views
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ChatGPT is down again, second outage in about two weeks
After a major outage left millions without access, OpenAI’s ChatGPT appears to be down again for the second outage in about two weeks. OpenAI’s ChatGPT is experiencing a significant outage, lasting around four hours. As we deal with these disruptions […]
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Artificial Intelligence
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Layoff
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Microsoft-owned GitHub lays off 80% of its employees in India
Even offshored jobs are feeling the heat as companies increasingly turn to artificial intelligence (AI) to streamline operations and trim their workforce. The latest instance is Microsoft-owned GitHub, which is laying off a significant portion of its Indian employees. According […]
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OpenAI considers becoming a for-profit company, paving way for IPO
OpenAI CEO Sam Altman privately told some shareholders that the company is considering a potential change in its governance structure to a for-profit business independent of its nonprofit board, The Information reported on Friday. One proposed scenario is transforming OpenAI […]
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Naver’s Webtoon Entertainment targets up to $2.67 billion valuation in US IPO
Webtoon Entertainment, the online comics platform owned by South Korean tech giant Naver, announced on Monday its plans to seek a valuation of up to $2.67 billion in its upcoming U.S. initial public offering. The platform originally debuted in South […]
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Singapore, Singapore, 17th June 2024, Chainwire
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Climate
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Bill Gates: “Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat”
“Cows have a digestion system that emits methane. We need to change cows and work towards artificial meat” ~ Bill Gates. In May 2021, Bill Gates officially stepped down from the board of Microsoft, the tech giant he co-founded nearly […]
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FinTech
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Dublin-based fintech startup CleverCards raises $8.6M in funding to help businesses issue prepaid cards and prevent abuse
CleverCards, a Dublin-based fintech startup that helps businesses stop employees from abusing corporate expenses, has secured €8 million ($8.6 million) in new funding. The investment is a remarkable show of confidence in the 5-year-old startup amidst a broader fintech funding […]
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New York, New York, 14th June 2024, Chainwire
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Tempus AI makes IPO debut, valuing the precision medicine startup at $6 billion
After years of anticipation, AI-driven precision medicine startup Tempus AI is finally making its debut on the U.S. market. Backed by heavyweights like Google and SoftBank Group, Tempus AI has set the price of its initial public offering (IPO) at […]
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Tortola, BVI, 14th June 2024, Chainwire
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Apps that download for more than 5 seconds simply do not survive. Quick information entry, transaction optimization, and all platform accessibility—this is just a short list of the required features. But where can you get all of this? In this […]
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