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eBay to cut 1000 jobs as tech companies laid off thousands in 2024
Nickie Louise Posted On January 24, 2024


eBay announced on Tuesday it will cut about 1,000 jobs, or an estimated 9% of its current workforce, as the e-commerce retailer joins a growing list of tech companies downsizing in January. Alongside the job cuts, the company said it […]


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Flexport secures $260 million in funding from Shopify following a 20% job cut
Nickie Louise Posted On January 23, 2024


Flexport, the struggling logistics startup that faced challenges and had to implement job cuts last year to reduce costs, has received a  significant financial boost. Flexport announced it has secured $260 million in funding through uncapped convertible notes from the […]


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New Zealand-based startup Marama Labs raises €1.75m for hazy wine tech scale-up and life sciences entry
Nickie Louise Posted On January 22, 2024


Marama Labs, a deep-tech startup based in New Zealand and Ireland, has raised €1.75 million in funding. The oversubscribed seed-plus round was led by European agritech investor The Yield Lab. The round also saw participation from existing investors including New […]


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Apple’s $3,499 Vision Pro now available for pre-order ahead of February 2 launch
Nickie Louise Posted On January 22, 2024


Preorders for Apple’s pricy Vision Pro headset began Thursday ahead of its U.S. release on Feb. 2. The virtual reality headset starts at $3,499, and buyers also have the option to pay in 12-month installments. Preorders are now open for […]


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Microsoft Hacked: Hackers stole Microsoft corporate emails in a month-long data breach
Nickie Louise Posted On January 22, 2024


Microsoft announced on Friday that a Russian state-sponsored hacking group successfully breached the email accounts of several senior leaders within the company. The disclosure was made through a regulatory filing by the software giant. In a statement on January 19, […]


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Voice AI startup ElevenLabs reaches unicorn status with $80 million Series B raise
Nickie Louise Posted On January 22, 2024


Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia […]


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Tech startup CEO died after falling 20 feet to the stage at a company event
Daniel Levi Posted On January 22, 2024


Sanjay Shah, the founder and CEO of Vistex, a software startup based in Illinois, tragically passed away last week after an incident during a company event, as reported by multiple sources. The distressing incident was captured on video and shared […]


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AI startup Cohere in talks to raise between $500 million to $1 billion in new funding, sources
Nickie Louise Posted On January 19, 2024


Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. […]


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Bosch to cut 1,200 software jobs by 2026 amid rising costs and slowdown in automated driving sector
Daniel Levi Posted On January 18, 2024


The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. The […]


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Fintech startup Kashable scores $25.6M in funding to boost employee financial wellness
Daniel Levi Posted On January 18, 2024


Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and […]


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Barclays relaunches Cambridge coworking space for climate tech startups
Nickie Louise Posted On January 18, 2024


Barclays, the British multinational universal bank, has relaunched its Cambridge Eagle Lab with a fresh emphasis on supporting high-growth climate tech startups in connecting, growing, and scaling, the bank announced on Thursday. The revamped space offers dedicated pre-seed and bridge […]


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BMW partners with AI robotics startup Figure to deploy humanoid robots in U.S. plants and take on Tesla
Nickie Louise Posted On January 18, 2024


AI robotics startup Figure announced on Thursday it signed a partnership with BMW Manufacturing to deploy its humanoid robots at BMW’s facility in the U.S. The move reflects a growing trend among companies to utilize human-like robots for specific physical […]


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Reddit IPO: Reddit plans to go public in March
Nickie Louise Posted On January 18, 2024


Reddit, the widely popular online forum celebrated for its lively communities and meme-driven culture, is gearing up for a major milestone: an impending initial public offering (IPO) potentially scheduled for as early as March 2024. This move has the potential […]


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Featured
Apple overtakes Samsung to become world’s top smartphone seller
Daniel Levi Posted On January 17, 2024


After 12 years of reign, Apple has toppled Samsung to become the world’s top smartphone seller. Apple dethroned Samsung Electronics as the leading global smartphone seller, securing a 20% market share, according to a report by the International Data Corp […]


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Uber shuts down Drizly, an alcohol delivery startup it bought 3 years ago for $1.1 billion
Nickie Louise Posted On January 17, 2024


Uber is finally moving away from the alcohol delivery business, concluding its billion-dollar experiment with Drizly. The ride-hailing giant announced its decision to close down the Drizly platform by March, according to an exclusive report from Axios. Having acquired Drizly […]


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Generative AI meets online shopping: Amazon unveils AI tool to answer shoppers’ questions
Nickie Louise Posted On January 17, 2024


Say goodbye to traditional product descriptions. Amazon is shaking things up by introducing an AI-powered tool to help shoppers get AI-powered answers to products on its website. The tech giant announced on Tuesday that it is rolling out an artificial […]


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From IPO darling to delisting: Self-driving tech startup TuSimple’s tumultuous journey ends with Nasdaq exit
Nickie Louise Posted On January 17, 2024


TuSimple Holdings has decided to delist from the Nasdaq and end its registration with the U.S. securities regulator. This move has led to a 40% decrease in the autonomous driving technology company’s shares during premarket trading. The news comes just […]


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JPMorgan leads a $300M investment in Honeywell’s quantum computing spin-off Quantinuum, now valued at $5 billion
Nickie Louise Posted On January 16, 2024


Quantinuum, a Honeywell’s quantum computing spin-off, has raised $300 million in new funding led by Wall Street giant JP Morgan. Honeywell International announced on Tuesday that Quantinuum closed a $300 million equity funding round at a $5 billion pre-money valuation The […]


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Synopsys acquires Ansys for $35 billion, marking the emergence of new engineering software powerhouse
Nickie Louise Posted On January 16, 2024


Chip design software company Synopsys announced on Tuesday that it plans to acquire Ansys in a $35 billion cash-and-stock deal, marking a significant development in the engineering software industry. This move follows Synopsys co-founder Aart de Geus handing over the […]


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AI will impact 60% of jobs in advanced economies, IMF warns
Nickie Louise Posted On January 15, 2024


The International Monetary Fund (IMF) warned that artificial intelligence is poised to transform a majority of work in developed economies as the looming job shift. In a statement on Monday, IMF Managing Director Kristalina Georgieva said at the World Economic […]


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