Zug, Switzerland, 10th June 2024, Chainwire
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1.7K Views
Artificial Intelligence
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AI startup Harvey in talks to raise $600 million in funding at $2 billion valuation
Harvey, a generative AI startup targeting legal, tax, and finance professionals, is reportedly in talks to raise $600 million in funding. According to an exclusive report by The Information, this new infusion of capital would push the San Francisco-based startup’s […]
3.3K Views
Gibraltar, Gibraltar, 10th June 2024, Chainwire
1.6K Views
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The Future of Calls? Nokia CEO Makes World’s First ‘Immersive’ Phone Call
In a landmark achievement, Nokia CEO Pekka Lundmark made the world’s first “immersive audio and video” phone call using a new technology called “immersive audio and video,” the company said in a statement. In an announcement on Monday, Nokia said […]
3.2K Views
Bitcoin
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What Are Garbled Circuits, and Why Are They Important?
Garbled circuits are a privacy-preserving cryptographic technique that was originally theorized as a solution to the hypothetical Millionaire’s Problem, where two millionaires want to see who has the higher net worth – but without actually revealing the dollar amount to […]
1.5K Views
Bitcoin
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Bitcoin miner Core Scientific rejects $1 Billion buyout offer from CoreWeave, 5 months after emerging from Bankruptcy
In a dramatic turn of events, Bitcoin miner Core Scientific has rejected an “unsolicited” $1 billion buyout offer from Nvidia-backed specialized cloud provider CoreWeave. The all-cash offer came in just five months after the company emerged from Chapter 11 bankruptcy. […]
1.4K Views
HongKong, China, 7th June 2024, Chainwire
1.1K Views
Electric Car
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Ionic Materials, a tech startup set to revolutionize lithium batteries for EVs, shuts down operations
Ionic Materials, a solid-state EV battery hopeful, has shut down. According to a report from The Information, the Massachusetts-based Ionic Materials has ceased operations. The company has also let go of nearly its entire workforce, marking a significant setback in […]
5.6K Views
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Amazon’s self-driving startup Zoox to begin testing its robotaxi service in Austin and Miami
Zoox, a self-driving tech startup Amazon acquired in 2020 for $1.2 billion, is preparing to test its autonomous vehicles on the streets of Austin, Texas, and Miami, even as U.S. regulators probe incidents. The announcement coincides with an ongoing investigation […]
1.0K Views
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Nvidia hits $3.01 trillion market cap, surpasses Apple to become the second most valuable company in the world
Nvidia has become the world’s second most valuable company. The chipmaking giant’s market capitalization reached a staggering $3.01 trillion on Wednesday afternoon, surpassing Apple’s $3 trillion mark and making it the first chip firm to hit $3 trillion in market […]
987 Views
Willemstad, Curacao, 6th June 2024, Chainwire
951 Views
Singapore, SIngapore, 6th June 2024, Chainwire
936 Views
Aerospace
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Boeing found guilty of stealing technology from electric airplane startup Zunum; fined $81 million
In a legal blow to aerospace giant Boeing, a federal court jury in Seattle ruled in favor of electric airplane startup Zunum Aero after Boeing was found guilty of stealing Zunum technology. The jury also awarded the fledgling startup $81 […]
2.6K Views
Singapore, Singapore, 5th June 2024, Chainwire
972 Views
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Qualcomm-backed AI startup Kneron launches next generation AI chips to challenge Nvidia and AMD
Artificial intelligence chip startup Kneron on Wednesday unveiled its next-generation products, targeting the growing demand for AI from businesses and presenting a robust alternative to industry giants like Nvidia and AMD. The Taiwan-based startup, backed by industry heavyweights Qualcomm and […]
1.8K Views
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How often do AI Hallucinations happen?
Artificial Intelligence (AI) has become an integral part of modern technology, running through a number of various sectors from healthcare to finance, and even creative industries. Despite its impressive capabilities, AI is not without its flaws. As a copywriter, I […]
1.2K Views
Acquisition
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SAP acquires digital adoption startup WalkMe for $1.5 billion
German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. […]
2.0K Views
Tortola, British Virgin Islands, 5th June 2024, Chainwire
826 Views
HK, HK, 5th June 2024, Chainwire
799 Views
New York, United States, 5th June 2024, Chainwire
809 Views