OneWeb, the low Earth orbit (LEO) satellite communications startup, is planning to roll out coverage globally after its successful launch of the final batch of satellites needed for its broadband service this past weekend. On Sunday morning, the British space […]
Lyft’s co-founders Logan Green and John Zimmer are stepping down from the company they founded over a decade ago. Green, who is currently the CEO, will be succeeded by former Amazon exec David Risher effective April 17. In an announcement […]
Good evening! Below are some of the top tech startup news stories for Monday, March 27, 2023. Swedish sustainable battery startup Northvolt in talks to raise over $5 billion in funding Swedish lithium-ion battery startup Northvolt is in talks to […]
Twitter is now the number one most downloaded news app in the world with over 7.2 million ratings, according to the latest app rankings from the Apple App Store. News aggregation platforms Reddit and local news app NextDoor came in […]
First, it was the fall of Terra Luna, then the collapse of San Bankman-Fried crypto exchange FTX. Is Binance the other shoe to drop in the crypto industry? A few hours ago, the world’s biggest crypto exchange Binance and its […]
Tech startups continue to struggle to raise new capital amid the economic headwinds that forced investors to pull back. However, software startups, specifically startups in the artificial intelligence (AI) space are largely unaffected by the funding drought due to the […]
Amid the ongoing headwinds in the tech space, SoftBank-backed Indian hospitality startup Oyo is cutting its initial public offering (IPO) size as tech valuations fall, Bloomberg News reported on Monday. Citing two people familiar with the matter, Bloomberg said that […]
The emergence of new technologies and globalization has intensified competition, resulting in a difficult business environment for many established companies. Several industry giants have encountered unprecedented challenges in recent years. For example, Netflix experienced a decline in its subscriptions for […]
“Say what you want about me, but I acquired the world’s largest non-profit for $44B lol” In February, Elon Musk announced Twitter was planning to open-source its algorithm following. Musk made the statement following a question from one of his […]
In late 2019, we wrote Northvolt after the maker of electric vehicle batteries received a €5.8 million investment from EIT InnoEnergy to support its goal of using 50% recycled materials in all its new battery cells by 2030. Fast forward […]
In just five months after Elon Musk closed the $44 billion acquisition of Twitter, the popular social media platform reached a new milestone of over 500 million total active users. The news came just a week after Musk announced Twitter […]
As if launching a startup is not difficult enough, creating the right name for your brand can also be very challenging. Choosing a perfect name for your brand is important because it’s often the first thing that potential customers will […]
Joby Aviation, a company developing all-electric aircraft for commercial passenger service, on Friday named former Federal Aviation Administration (FAA) Administrator Michael Huerta to its Board of Directors. The appointment may potentially help Joby, which has been pushing to win FAA certification […]
Binance, the world’s largest cryptocurrency exchange, has once again suspended deposits and withdrawals on its platform, but this time due to technical glitches affecting its spot trading. In a tweet on Friday, Binance founder and CEO Changpeng Zhao said the […]
Good evening! Below are some of the top tech startup news stories for Thursday, March 23, 2023 Crypto founder Do Kwon charged with fraud by U.S. prosecutors following Montenegro arrest Earlier today, we wrote about Terra founder Do Kwon after […]
Character.AI, an artificial intelligence start-up founded by two former Google employees, has raised $150 million in Series A funding led by Andreessen Horowitz. Existing investors, including Nat Friedman (former GitHub CEO), Elad Gil, SV Angel, and A Capital also participated. […]
Law finally catches on Terra founder Do Kwon. The founder of Terraform Labs is reportedly arrested in Montenegro, according to a tweet by the country’s minister of interior, Filip Adzic. Do Kwon was detained at the Podgorica airport with falsified […]
About five years ago, CBDs and cannabis dominated the headlines as tech startups flocked to the space after some US states legalized the sale of recreational cannabis. Then in 2020, investors pulled back from the space and set their sights […]
“Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and […]
ChatGPT took the internet by storm in November after OpenAI released its dialogue-based AI chatbot which has been hailed as a potential game-changer in the world of artificial intelligence (AI). Just five days after its launch, ChatGPT crossed one million users, […]
