Nickie Louise

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Elon Musk lays off Tesla senior executives in fresh job cuts and plans to lay off hundreds more employees, Report

Nickie Louise Posted On April 30, 2024

Tesla CEO Elon Musk has fired two senior executives and announced plans for significant layoffs. The decision, reportedly influenced by declining sales and dissatisfaction with the pace of previous job cuts, signals a shift in strategy for the electric vehicle […]

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Acquisition / Featured / Space / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Paris-based SES buys Intelsat for $3.1 billion as European satellite companies consolidate

Nickie Louise Posted On April 30, 2024

Paris-based satellite giant SES has struck a deal to acquire Intelsat Holdings for $3.1 billion in debt, a move poised to catapult the combined company into a major European player in the space industry. However, the merger has stirred some […]

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Startup Funding / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News / Venture Capital

General Catalyst closes $6 billion fund to invest in tech startups

Nickie Louise Posted On April 29, 2024

In a promising sign that the venture capital drought is coming to an end, General Catalyst, the influential Silicon Valley VC firm known for backing hits like Stripe and Snap, has closed nearly $6 billion fund to invest in technology […]

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AI startup Blaize raises $106 million in funding from Mercedes-Benz, Temasek, and others

Nickie Louise Posted On April 29, 2024

AI computing startup Blaize announced on Monday it has raised $106 million in funding to usher in a new era of edge computing. This funding round saw contributions from familiar backers like Mercedes-Benz and Temasek, along with support from existing […]

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Swedish tech startup X Shore raises $9.2 million for its fully electric boats

Nickie Louise Posted On April 29, 2024

Stockholm-based electric boat tech startup X Shore announced on Monday it has secured SEK 100M (approximately $9.2 million) in funding to advance its 100% electric boats. The funding round was backed by existing major shareholders including company founder Konrad Bergström. Similar […]

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Stripe reenters the crypto payments market with USDC stablecoin

Nickie Louise Posted On April 26, 2024

Fintech startup Stripe is getting back into cryptocurrency after a six-year break. But this time, they’re focusing on stability. Instead of the wild fluctuations of Bitcoin, the fintech giant is turning to USDC a stablecoin tied to the US dollar, […]

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US private equity firm Thoma Bravo to acquire UK cybersecurity company Darktrace for $5.3 billion in cash

Nickie Louise Posted On April 26, 2024

Thoma Bravo, a US private equity firm known for its aggressive acquisitions, has made another big move in the market. Today, they announced their agreement to purchase UK cybersecurity company Darktrace for $5.32 billion in cash. Thoma Bravo aims to […]

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Nvidia-backed AI startup Synthesia unveils AI avatars that conveys human emotions using user’s text inputs

Nickie Louise Posted On April 25, 2024

Are you ready to step into the world of emotional AI? Synthesia, an AI startup backed by Nvidia, has just rolled out new emotion-reading AI avatars that are sure to make waves. These avatars, dubbed “Expressive Avatars,” are designed to […]

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IBM to buy cloud software provider HashiCorp in a $6.4 billion deal

Nickie Louise Posted On April 25, 2024

In a strategic move to expand into the cloud, International Business Machines Corp (IBM) has announced its acquisition of HashiCorp Inc. for a hefty $6.4 billion enterprise value. This acquisition not only expands IBM’s cloud-based software offerings but also positions […]

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Brazilian fintech startup Vixtra secures $36M in funding to support small business importers in Latin America

Nickie Louise Posted On April 24, 2024

Vixtra, the Brazilian fintech startup shaking up the import industry by allowing importers to use their cargo as collateral, announced today it has raised a total of $36 million in funding to support Brazilian importers across Latin America. This injection […]

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Bitcoin / Cryptocurrency / Launch / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Jack Dorsey’s payment company Block is building its own Bitcoin mining system

Nickie Louise Posted On April 24, 2024

In a move to address the challenges facing Bitcoin mining operators, Jack Dorsey, the founder of Block (formerly Square), announced on Tuesday the expansion of his payments company’s mining efforts. Block is now venturing beyond designing chips to building a […]

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Artificial Intelligence / Emerging Technology / Featured / Launch / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Microsoft launches Phi-3-mini, a small AI model that outperforms larger rivals like Mixtral 8x7B and GPT-3.5

Nickie Louise Posted On April 24, 2024

In the ever-intensifying competition of generative AI, Microsoft on Tuesday announced the launch of Phi-3 mini, a fresh lineup of compact language models (SLMs) that outshine their larger counterparts, setting new standards for smaller-scale AI models. The Phi-3 model range […]

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FinTech / Launch / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Walmart-backed fintech startup One launches ‘Buy Now, Pay Later’ loans for big-ticket items

Nickie Louise Posted On April 23, 2024

In a bid to assist struggling American consumers, Walmart’s majority-owned fintech startup One is diving into the bustling Buy Now, Pay Later (BNPL) market. The move comes as the company gears up to expand its lending services amidst the economic […]

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London-based AI recycling startup Sorted raises £1.65M in funding to solve material sorting gap

Nickie Louise Posted On April 23, 2024

Amidst growing global concerns over environmental sustainability, London-based recycling tech startup Sorted has emerged as a beacon of hope to combat the global waste crisis. Sorted announced today it has secured £1.65 million in seed funding to lead the charge […]

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Artificial Intelligence / Emerging Technology / Featured / Startup Funding / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

SoftBank makes a $1 billion bet on AI, teams up with Nvidia for chips

Nickie Louise Posted On April 23, 2024

Japanese tech titan SoftBank is stepping up its game to fuel Japan’s AI race. According to a Nikkei report, the company is set to invest nearly $1 billion in the next two years to develop a “world-class” Japanese-specific generative AI […]

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Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Top 100 U.S. companies with more than $2 billion in annual revenue from China

Nickie Louise Posted On April 22, 2024

The simmering trade war between the U.S. and China takes a surprising turn with a new report from the Wall Street Journal. It reveals over 600 American corporations, each boasting annual revenues exceeding a whopping $2 billion, are heavily invested […]

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Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Drone delivery startup Zipline reaches 1 million deliveries, eyes restaurant expansion

Nickie Louise Posted On April 22, 2024

It’s been a remarkable two years since our last update on the autonomous delivery drone startup Zipline. Back then, Zipline was using drones to transport life-saving supplies like blood and vaccines to isolated African villages at the height of the […]

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Sam Altman invests $20 million in clean energy startup Exowatt to meet energy demands of AI data centers

Nickie Louise Posted On April 22, 2024

In a strategic move towards a sustainable future for artificial intelligence (AI) infrastructure, OpenAI CEO Sam Altman, alongside venture capital heavyweight Andreessen Horowitz, is backing a $20 million investment in clean energy startup Exowatt, according to a report from The […]

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Bitcoin / Cryptocurrency / Ethereum / Launch / Startup Spotlight / Startups / Tech Startups / Technology News / Token

You can now buy and sell USDt on TON with Ramp Network

Nickie Louise Posted On April 19, 2024

In a move set to shake up the cryptocurrency landscape, Ramp Network (Ramp) has just announced the ability for users to buy and sell USDt on the TON network. This bold step, unveiled on Friday, underscores Ramp Network’s position as […]

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Artificial Intelligence / Emerging Technology / Launch / Startup Spotlight / Startups / Tech Startup News / Tech Startups / Technology News

Meta launches Meta.AI to compete with ChatGPT

Nickie Louise Posted On April 19, 2024

Meta has just unveiled Meta.AI, an AI assistant powered by its state-of-the-art Llama 3 technology. This launch is widely interpreted as a direct challenge to the dominance of OpenAI’s ChatGPT, signaling a shift towards a higher standard for AI-mediated communication. […]

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