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, […]
“I am heartbroken to share that I have made the difficult decision to reduce our headcount through layoffs.” US-based job search platform has joined the layoff trend announcing on Wednesday it will lay off 15% of its workforce, or about […]
Good evening! Below are some of the top tech startup news stories for Wednesday, March 22, 2023. Job search platform Indeed to lay off 2,200 employees, or 15% of its workforce Indeed announced on Wednesday it is laying off about […]
The founder of the Tronix and BitTorrent crypto assets, Justin Sun, who is also a Grenadian diplomat, has been charged by the Securities and Exchange Commission (SEC) for fraud and offering unregistered securities. In addition, the SEC also charged celebrities […]
Fluidity Money, a “spend-to-earn” decentralized finance (DeFi) protocol, has launched a cashback program with Request Finance, an enterprise crypto payments app. The cashback program enables businesses to incentivize customers who pay with cryptocurrency, while also offering cashback rewards to merchants […]
We all have some kind of obsession. For serial entrepreneur and biochemist Josh Silverman, his obsession is methane, a greenhouse gas that is more powerful than carbon dioxide. Methane is produced by a variety of natural and anthropogenic sources, including […]
Nimiq is set to roll out gas-abstracted USDC transactions on Polygon, which will be incorporated into its native wallet. The new feature will make it easier and more feasible for merchants to accept crypto, avoiding the typical volatility. The Blockchain […]
Metaverse platform MetaMetaverse has rebranded itself to MultiversalME and launched a new website. The startup said the rebranding and new website represent its commitment to enabling creativity at scale and focusing on multiversal interoperability. The news comes less than a year […]
