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Former Twitter CEO and three other fired executives sue Elon Musk for $128 million in severance pay
Nickie Louise Posted On March 5, 2024


In a dramatic turn of events, four high-profile former Twitter executives, including the ex-CEO Parag Agrawal, have initiated legal proceedings against Elon Musk, the renowned entrepreneur, and SpaceX and Tesla chief. The lawsuit, filed on March 4, 2024, seeks a […]


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Google-backed AI startup Anthropic releases Claude 3, its most powerful AI chatbot models yet
Nickie Louise Posted On March 4, 2024


Anthropic on Monday unveiled Claude 3, a new suite of artificial intelligence models the company claimed to be its fastest and most robust to date. The trio of AI tools is named Claude 3 Opus, Sonnet, and Haiku. According to […]


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SoftwareOne abandons sale to Bain Capital as founding shareholders end agreement
Nickie Louise Posted On March 4, 2024


In a surprising turn of events, the founding shareholders of SoftwareOne announced the termination of their agreement with U.S. investor Bain Capital for the acquisition of the Swiss IT services company. Daniel von Stockar, B. Curti Holding AG, and René […]


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Thrasio, an e-commerce startup that buys Amazon businesses, files for bankruptcy after raising $3.4 billion in funding
Nickie Louise Posted On February 28, 2024


Thrasio, the Medfield, Massachusetts-based tech startup renowned for its Amazon business acquisitions, has filed for bankruptcy protection under Chapter 11 in a New Jersey court. The move, as reported by CNBC, comes as a significant twist in the journey of […]


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White House urges developers to move away from C/C++, yet federal agencies still run on 65-year-old COBOL
Daniel Levi Posted On February 28, 2024


In a bid to enhance national cybersecurity, the Biden administration is urging developers to embrace memory-safe programming languages while moving away from those prone to memory access vulnerabilities, such as C and C++. In a report released on Monday, The […]


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Apple abandons its electric car ambitions after a decade, doubles down on AI
Nickie Louise Posted On February 28, 2024


Apple has pulled the plug on its long-anticipated electric car venture, internally dubbed “Project Titan,” marking the end of nearly a decade of development, reports Reuters, citing a source in the know. While the exact reasons for this cancellation remain […]


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Bitcoin soars above $60,000, reaching new high since November 2021
Nickie Louise Posted On February 28, 2024


Bitcoin, the world’s largest cryptocurrency, made a dramatic comeback this week, soaring for a fifth consecutive day shooting above the $60,000 mark. This surge represents its most significant monthly rally since late 2021. The impressive rise in February, nearly 40%, […]


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Enkrypt AI secures $2.35M in funding to build visibility and security infrastructure for Generative AI
Nickie Louise Posted On February 27, 2024


In just a span of two years, artificial intelligence (AI) has evolved from a mere futuristic idea embraced by select tech companies to a game-changing force set to reshape our world in years to come. The surge in popularity of […]


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Google to relaunch its controversial image tool ‘Gemini’ in a few weeks after ‘woke’ AI disaster
Nickie Louise Posted On February 27, 2024


In a move to address mounting criticism, Google is gearing up for the relaunch of its AI image generation tool, Gemini, which faced backlash for inaccuracies in historical depictions. The tech giant temporarily halted the tool after users reported issues, […]


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KKR buys Broadcom’s remote access unit in $4 billion deal
Nickie Louise Posted On February 26, 2024


In a strategic move to streamline its portfolio after the monumental $69 billion acquisition of VMware last year, chipmaker Broadcom has agreed to sell its end-user computing (EUC) unit to private equity firm KKR in a deal valued at $4 […]


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Bezos, Nvidia back $675M funding for humanoid robot startup Figure AI; now valued at $2 billion
Nickie Louise Posted On February 26, 2024


Figure AI, an AI startup known for developing general-purpose humanoid robots, has raised $675 million in new funding, Bloomberg reported, citing sources familiar with the matter. The new capital infusion pushes Figure AI’s pre-money valuation to $2 billion from $400 […]


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Spreadsheet.com is shutting down after raising $5.5 million in funding and over 170,000 users
Nickie Louise Posted On February 24, 2024


Spreadsheet.com, the SaaS startup that entered the scene seven years ago with the ambitious goal of revolutionizing traditional spreadsheet tools like Excel and Google Sheets, is shutting down by the end of May. The decision comes as the startup grapples […]


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Disney makes major investments in AI: Backs five AI and VR tech startups in its 10th Accelerator Program
Nickie Louise Posted On February 23, 2024


As artificial intelligence (AI) maintains its stronghold in the tech world, investors and tech giants are doubling down on promising startups to stay ahead of the curve. The latest player to join the fray is Disney, the world’s largest and […]


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Reddit finally files to go public; reveals $90.8 million in losses
Nickie Louise Posted On February 23, 2024


Popular social aggregation platform Reddit has officially filed for its long-anticipated initial public offering (IPO), submitting its S-1 filing to the Securities and Exchange Commission (SEC) following years of anticipation. The company intends to trade on the New York Stock […]


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AI startup Jasper acquires image generator Clipdrop from Stability AI for text & image creation
Nickie Louise Posted On February 22, 2024


AI writing assistant startup Jasper announced on Thursday it has acquired the AI-powered photo application Clipdrop from Stability AI. This bold move signifies Jasper’s transition from solely focusing on text editing to embracing image creation and photo editing. The terms […]


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Reddit strikes a $60 million AI content licensing deal with Google
Nickie Louise Posted On February 22, 2024


Only three days following initial reports of social media platform Reddit’s $60-million AI content licensing deal with an undisclosed AI company, Reuters has now disclosed the identity of the AI firm. In an exclusive report last night, Reuters revealed that […]


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Google releases ‘open’ AI model Gemma, joining Meta in the open-source AI race
Nickie Louise Posted On February 21, 2024


In a move that mirrors Meta’s earlier release, Google has ventured into the world of open-source AI, unveiling new AI models that are available for anyone keen on experimenting and innovating. On Wednesday, Google released Gemma, a new set of […]


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Getty-backed AI startup BRIA raises $24M in Series A funding for ‘responsible’ AI image generation
Nickie Louise Posted On February 21, 2024


Israel-based generative AI startup BRIA has secured $24 million in Series A funding to expand its responsible and ethical visual generative AI platform. The round was led by GFT Ventures, Intel Capital, and Entree Capital, along with support from notable […]


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Disney star turned CEO: Bridgit Mendler rockets into space tech with the launch of satellite startup Northwood Space
Nickie Louise Posted On February 20, 2024


Bridgit Mendler, best known for her roles in “Good Luck Charlie” and “Wizards of Waverly Place,” has made a surprising career shift from Hollywood to space technology. Having reached millions through her various roles, she is now on a mission […]


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SoftBank founder seeking to raise $100B for AI chip initiative to challenge Nvidia’s AI chip dominance
Nickie Louise Posted On February 19, 2024


SoftBank founder and CEO is reportedly seeking to raise a staggering $100 billion for a new AI chip venture that could potentially challenge Nvidia’s dominance in the industry, Bloomberg reported, citing sources close to the matter. The project, codenamed “Project […]


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