Last month, we covered the story of 23andMe after hackers leaked 4 million more of its user records, including records of the “wealthiest people living in the US and Western Europe.” As we reported back then, 23andMe confirmed the incident […]
Mistral AI, a generative AI startup co-founded by former researchers from Meta Platforms and Alphabet, is in the final stages of securing $487 million (roughly €450 million) in funding from notable investors, including Nvidia Corp. and Salesforce Inc., Bloomberg reported, […]
Research published on the NIH website reveals a daunting statistic: nine out of ten new drug candidates fail to navigate through clinical trials and gain regulatory approval. The findings further underscore the substantial challenges: a staggering 90% failure rate in […]
Doubtnut, an Indian EdTech startup that provides a mobile app to help students with solving math and science problems, has been acquired by Allen Career Institute for an undisclosed amount. This marks a stunning reversal of fortune for the once […]
Twilio is laying off about 5%, or 295, of its total workforce by the first quarter of 2024 in a strategic move toward achieving profitable growth. The news comes just ten months after the Cloud communications platform laid off 17% […]
While artificial intelligence (A)) continues to dominate the headlines, the decentralized finance (DeFi) space is steadily gaining momentum as investors pour millions into promising startups and projects. The latest players are Jelly Labs AG and Fintonomy LTD, the brains behind […]
Spotify announced on Monday it will lay off 17% of its workforce, or about 1,500 employees, to bring down costs. The latest round of job cuts comes after the music-streaming giant laid off 600 of its staff in January, and […]
Navigating the intricate landscape of the ever-evolving Web3 arena necessitates a high degree of strategic decision-making, especially when it comes to selecting the right Wallet-as-a-Service (WaaS) provider. In this regard, Magic Labs, a pioneer within the WaaS landscape, recently released […]
Zepz, a unicorn fintech startup that owns WorldRemit, announced a new round of layoffs affecting 30 employees in its people and marketing functions, according to an exclusive report from CNBC. The startup, valued at $5 billion and backed by major […]
Horizen EON is boosting its DeFi game by teaming up with Ascent Exchange and integrating ICHI Vault for simpler yield opportunities. The partnership aims to level up the Horizen EON platform’s capabilities in the decentralized finance (DeFi) space, bringing innovation […]
Do you have an inactive Gmail account? It’s time to take action now. If not, your inactive Gmail account could face permanent deletion as early as Friday, December 1. The move is part of Google’s new security policy, targeting accounts […]
Microsoft is planning to invest a whopping 2.5 billion pounds (about $3.2 billion) in the United Kingdom over the next three years, making it Microsoft’s largest investment in the country to date. The funds will be directed towards boosting advancements […]
Zubale, an emerging e-commerce startup, has raised $25 million in funding to drive its expansion efforts in Brazil and Mexico. The latest investment, which follows last year’s $40 million Series A round, was backed by QED Investors and NFX. Zubale […]
People in North America collectively spend over $3 trillion each year using credit cards. The trend is mirrored in Europe, where the value of payment card transactions in the Euro area hit nearly 1.82 trillion euros in 2018. Financial institutions […]
Web3 has been in the spotlight for its potential to revolutionize the internet in recent years. Its decentralized approach comes with immense benefits, particularly the ability to reshape the education landscape by democratizing access, enhancing personalization, promoting lifelong learning, empowering […]
In a surprise move, Apple said it is ending its credit card partnership with Goldman Sachs, dealing a significant blow to the Wall Street bank’s foray into consumer lending, the Wall Street Journal reported on Tuesday. According to the report, […]
After two months, more details are emerging about the Okta data breach. On Tuesday, Okta disclosed that hackers had compromised information for all users of its customer support system during a network breach that took place in September. The San […]
Shein has reportedly filed confidential paperwork with U.S. regulators to go public in the United States. The Chinese-founded fast-fashion giant, known for its affordable and trendy offerings, has recently been valued at $64 billion. However, it is rumored to be […]
In September 2022, Adobe made headlines with its $20 billion agreement to acquire the online design startup Figma. However, more than a year later, the deal is facing uncertainty due to a significant setback triggered by concerns raised by the […]
Chinese payments giant Alipay is planning to sell its 3.4% stake in the Indian food delivery giant, Zomato, for nearly $400 million through block deals on Indian stock exchanges, according to an exclusive report from Reuters, citing three sources familiar […]