Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. […]
London-based payments startup SumUp announced on Monday that it secured 285 million euros (approximately $306.6 million) in new funding. The funding round was led by Sixth Street Growth, the growth arm of global investment firm Sixth Street, and saw participation […]
TikTok is gearing up for a comeback in the Indonesian e-commerce scene with a $1.5 billion investment in Indonesia’s biggest e-commerce platform Tokopedia. TikTok, owned by China’s ByteDance, announced on Monday that it will spend $840 million to acquire a […]
French open-source AI startup Mistral AI said on Monday it had raised 385 million euros (about $415 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. The funding comes less than […]
More than 10 million people signed up for X (formerly Twitter) so far in December, X CEO Linda Yaccarino said in a post on the social media platform on Thursday. This equates to an impressive average of 61,000 signups per […]
Embarking on the entrepreneurial journey is exhilarating, but startups face numerous challenges. From crafting a solid business plan to assembling a skilled team and implementing targeted marketing, each step is critical. Yet, securing funding often emerges as the linchpin for […]
Rhythms, a new AI startup founded by Vetri Vellore who previously sold his company to Microsoft, has emerged from stealth mode with $26 million in seed funding. The round was co-led by Greenoaks and Madrona with participation from Accel, and […]
While artificial intelligence grabs all the attention in the news, there’s another sector quietly making waves, and it’s not getting the recognition it deserves, despite nearing $1 trillion in spending. According to recent research by Statista indicates that global spending on the […]
JPMorgan Chase CEO Jamie Dimon is calling on the government to implement a cryptocurrency ban. Dimon made waves on Capitol Hill during his testimony before the U.S. Congress on Wednesday, suggesting that cryptocurrencies should be shut down and banned. Dimon, […]
Japan’s SoftBank is looking to sell a 1.1% stake in the Indian food delivery platform Zomato. The block deal is valued at 11.28 billion rupees ($135.36 million), according to a report from CNBC-TV18 on Thursday, citing sources familiar with the […]
Tokensoft, a digital asset and compliance platform, has joined forces with blockchain PR distribution service Chainwire to enhance crypto PR outreach. This collaboration aims to give Tokensoft a leg up by tapping into Chainwire’s top-notch PR platform, reaching out to […]
Blockchain technology has advanced significantly in recent years, showing great promise. But despite impressive progress, blockchain technology still faces some technical challenges. One notable issue is scalability. To tackle this, one proposed solution is the traditional rollup approach. In this […]
OpenView, a venture capital firm based in Boston known for supporting enterprise software companies like Calendly and Expensify, “abruptly winds down” operations amid challenging pressure on venture capital firms to generate returns on investors’ investment in an era of higher […]
After several months of playing catch-up, Google has officially unveiled Gemini, its latest and most powerful AI model, claiming superiority over OpenAI’s GPT-3.5. The announcement follows a report by The Information suggesting a potential delay in the full launch until […]
University spin-out Science Creates has received new funding boost to ignite deep tech innovation and pave the way for the UK’s leading role in the fourth industrial revolution. Science Creates announced on Wednesday it has secured £8.5 million in funding […]
There’s been a significant increase in the number of cyberattacks in recent years. According to a report from Check Point Research, global cyberattacks increased by 38% in 2022, compared to 2021. The growing cyber threats have also led to an […]
Elon Musk’s AI startup company, xAI, is looking to raise up to $1 billion in an equity offering, according to a recent filing with the Securities and Exchange Commission (SEC). The filing on Tuesday revealed that the company has secured […]
In a major move aimed at promoting the responsible development of artificial intelligence (AI), tech giants IBM and Meta today announced the launch of a new AI Alliance in collaboration with other tech leaders to advance ‘open, safe, responsible’ AI. […]
SoftBank Corp is investing a massive $514 million (approx. 473 million euros) in Dublin-based connected-vehicle technology startup Cubic Telecom in exchange for a 51% equity stake in the company. The deal will enable the two companies to gain greater access […]
Businesses globally are acknowledging the fact that remote working has become rapidly mainstream, prompting many countries to cater to the growing tribe of digital nomads. Malta, at the forefront of this movement in Europe, has successfully adapted to this shift […]