British billionaire Sir Richard Branson’s rocket company Virgin Orbit announced it will shut down its operations and terminate nearly all its employees after the company was unable to secure funding. In an all-hands meeting on Thursday afternoon, CEO Dan Hart […]
With the recent collapse of high-profile crypto exchanges like FTX, the race among crypto investors to secure critical digital assets is growing fiercer by the day. While some crypto exchanges have introduced measures such as “proof-of-reserves” to reassure jittery customers, […]
On Tuesday, Elon Musk joined other technology leaders called for a pause on training AI exceeding GPT-4, citing “risks to society.” In an open letter signed by Musk and Apple co-founder Steve Wozniak, tech leaders are calling for a six-month pause […]
Indian EdTech startup Unacademy is laying off 12% of its workforce, making it the latest in a series of tech companies that have implemented staff cuts amid mounting recession fears. According to a report by Reuters, citing an internal mail […]
Good evening! Below are some of the top tech startup news stories for Wednesday, March 29, 2023. Elon Musk and other tech leaders call for a pause on the ‘dangerous race’ to make A.I. as advanced as humans Elon Musk […]
Beaxy crypto exchange is the latest casualty of the ongoing chaos in the crypto industry. Beaxy officially closed its doors after the U.S. Securities and Exchange Commission (SEC) charged the company with violations. The SEC charged Beaxy and its executives […]
Just two years ago, the COVID-19 pandemic brought national attention to the crucial role of frontline workers. These dedicated individuals, including nurses, paramedics, hospital staff, police officers, firefighters, grocery store workers, delivery drivers, and public transportation employees, put their lives […]
Apple finally jumped on Buy Now, Pay Later (BNPL) bandwagon to take on PayPal, Klarna, and Affirm. The iPhone maker announced on Tuesday finally the launch of its highly-anticipated Apple Pay Later service, which enables users to split purchases into […]
Crypto investors withdrew $1.6 billion from Binance in just 48 hours after the world’s largest crypto exchange and its founder were sued by the U.S. Commodity Futures Trading Commission (CFTC) for operating what the regulator alleged were an “illegal” exchange […]
Good evening! Below are some of the top tech startup news stories for Tuesday, March 28, 2023. FTX founder Bankman-Fried charged with paying $40 million bribe Disgraced FTX founder Sam Bankman-Fried (SBF) is back in the news. Today, the Department […]
Luxury electric vehicle startup Lucid Group announced Tuesday it is laying around 1,300 employees, or about 18% of its workforce, as part of a restructuring plan and cut-cutting measures. The news comes just a month after the company’s 2023 production […]
While all eyes are on artificial intelligence, self-driving tech startups are quietly making moves and the space is booming as investors pour billions of dollars into autonomous startups. The latest is self-driving startup Venti Technologies which recently raised millions to […]
Although the average e-commerce return rate varies depending on the industry, product type, and other factors. However, according to a study by the National Retail Federation (NRF), the average e-commerce return rate is 16%. Over the years, E-commerce returns have […]
In just two decades, social media has had a profound effect on society. From Facebook to TikTok, these platforms have completely revolutionized the way we communicate, consume information, and interact with one another. But while there are many benefits to […]
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 […]
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 […]
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 […]