Actor Ryan Reynolds has achieved yet another major success with the sale of his budget wireless provider Mint Mobile to T-Mobile US Inc. for over a billion dollars. On Tuesday, T-Mobile announced that it has entered into a definitive agreement […]
While venture capital firms and tech startups are relieved that the U.S. government stepped in to fully protect their deposits at Silicon Valley Bank (SVB), the collapse will have far-reaching implications on U.S. venture-backed startups and the broader tech ecosystem […]
Abu Dhabi-based artificial intelligence company G42 has acquired a $100 million-plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Founded in 2018, G42 specializes in artificial intelligence […]
Adept, an AI tech startup co-founded by a former OpenAI engineer, has raised $350 million in Series B funding led by General Catalyst and Spark Capital, with participation from existing investors, new financial partners, and some of the most “iconic […]
Good evening! Below are some of the top tech startup news stories for Tuesday, March 14, 2023. Google brings AI-powered features to Gmail and Docs as AI race heats up With the soaring popularity of OpenAI ChatGPT, Alphabet’s Google is […]
Just last week, we wrote about Anthropic after the Alphabet-backed AI startup announced it was close to raising $300 million from investors at around a $5 billion valuation. Co-founded by former OpenAI employees, Anthropic came into the spotlight following the […]
Flat6Labs, a Middle East and North Africa (MENA) region’s leading seed and early-stage venture capital firm, today announced the launch of a new $95 million venture capital fund to expand its footprint and impact in Africa. Flat6Labs said it will […]
Facebook-parent company Meta announced on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, making the social giant the first Big Tech company to announce a second round of mass layoffs. In a message […]
In 2022, it was estimated that 90 percent of organizations had a hybrid and multi-cloud environment. This opens up the potential for hackers and bad actors to move between on-premises data centers and cloud providers, as well as lateral attacks […]
Good evening! Below are some of the top tech startup news stories for Monday, March 13, 2023. Meta winds down NFTs on its platforms amid the crypto bust As the crypto market continues on its downward spiral, Facebook parent company Meta […]
Relationships, networking, and community are critical to building a successful startup. These critical components provide startups with access to resources such as funding, mentorship, talent, and industry knowledge that can help them succeed. By connecting with other entrepreneurs, investors, and […]
Electric vehicle (EV) maker Rivian Automotive is in talks with its largest shareholder Amazon to end the exclusivity part of their electric van deal, CNBC reported, citing the company spokeswoman. As we reported back in 2019, Amazon had placed an […]
SaasGuru, an EdTech startup founded to solve the cloud skills crisis by creating the bridge between learning and certifications, announced today it has closed $2.7 million (A$4 Million) in funding to transform the industry and redefine the way people approach […]
Tesla and Twitter CEO Elon Musk said he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and turning it into a digital bank. Musk made the revelation while responding to a tweet by Min-Liang Tan, […]
Good evening! It’s another light news Friday. As a result, we’ll keep it short and sweet..Below are some of the top tech startup news stories for Friday, March 10, 2023. General Motors (GM) is exploring the use of ChatGPT […]
Up until yesterday, Silicon Valley Bank (SVB) was one of the most successful banks in the tech industry. As the name suggests, the bank was a specialized financial institution that provides loans and other financial services to startups and tech […]
After several weeks of good news, Bitcoin experienced a significant drop on Friday and fell below the $20,000 mark, hitting a low point not seen in almost two months. The world’s most popular cryptocurrency plunges as low as $19,613 before […]
Good evening! Below are some of the top tech startup news stories for today Thursday, March 9, 2023. Monnai lands $6.5M Series A funding to connect disparate data sources through a single API, so fintechs can focus on growth The […]
The U.S. Securities and Exchange Commission (SEC) has charged software firm Blackbaud for making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers. The SEC also said that Blackbaud has agreed to pay $3 million in […]
The expansion of fintech companies into emerging markets presents a tremendous opportunity that could bring in tens of millions (if not hundreds) of new customers. However, both fintech companies and financial institutions are becoming more aware of the significant costs […]