January 11, 2025
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Tech companies lay off over 7,500 employees in the first 2 weeks of 2024
Daniel Levi Posted On January 15, 2024


In just the first two weeks of 2024, tech companies have already laid off over 7,500 employees. According to the layoff tracking website Layoffs.fyi, 48 tech companies laid off a total of 7528 employees. Despite tech stocks experiencing a notable rebound […]


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Exploring crypto trends: A look back at 2023 and insights for 2024 by Binance Research
Nickie Louise Posted On January 15, 2024


Binance Research, the analytical powerhouse of Binance dedicated to providing top-notch insights for cryptocurrency investors, has unveiled its comprehensive report titled “Full-Year 2023 & Themes for 2024” on the crypto industry’s performance in 2023 and the anticipated trends for 2024. […]


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CoinShares Gobbles up Valkyrie Funds in Post-Bitcoin ETF Feast
Nickie Louise Posted On January 15, 2024


European crypto giant CoinShares has acquired Valkyrie Funds following the approval of the US spot bitcoin ETF. In an announcement on Friday, CoinShares International said it is acquiring Valkyrie Funds, one of the 11 issuers whose spot Bitcoin ETF received […]


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InVision, a tech startup once valued at $2 billion, shuts down after burning through $356.2M of investors’ cash
Daniel Levi Posted On January 11, 2024


InVision, a New York-based design software unicorn startup, has officially closed its platform. The company made the announcement about its shutdown at the end of last year. Before facing closure, InVision had raised a total of $350 million in funding […]


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Stablecoin startup Circle confidentially files for US IPO
Nickie Louise Posted On January 11, 2024


Circle Internet Financial, the company behind the USDC stablecoin, is taking another shot at becoming a public company. Circle announced on Thursday that it had confidentially submitted a filing for a U.S. initial public offering (IPO) as part of its […]


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OpenAI finally launches custom GPT Store after months-long delay
Nickie Louise Posted On January 11, 2024


After a series of delays, OpenAI has finally launched the much-anticipated GPT Store, a platform allowing paying users of ChatGPT to share their custom bots, referred to as GPTs, or download others’ creations for free. The initial launch date was […]


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Google lays off hundreds in voice assistant, hardware, engineering teams; Fitbit co-founders left in a major shakeup
Nickie Louise Posted On January 11, 2024


Alphabet’s Google announced on Wednesday it is laying off hundreds of employees across various teams, including Google Assistant, hardware, and engineering. This move follows the commitment made by Google and Alphabet executives to cut costs, with Fitbit co-founders James Park […]


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Ripple to buy back $285M shares from early investors and employees, valuing the crypto startup at $11 billion
Daniel Levi Posted On January 10, 2024


Ripple Labs, a crypto startup best known for its XRP coins, is buying back $285 million worth of company shares from early investors and employees, according to information from two reliable sources cited by Reuters. The deal, referred to as […]


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Amazon’s Twitch to lay off 500 employees, or 35% of its workforce
Nickie Louise Posted On January 10, 2024


Twitch, the live-streaming platform owned by Amazon.com Inc., is reportedly planning to reduce its workforce by around 35%, or approximately 500 employees, according to a report from Bloomberg. Individuals familiar with the situation said that this move is part of […]


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SEC’s X account hacked: SEC denies approving Bitcoin ETFs after fake post on its X account
Nickie Louise Posted On January 9, 2024


The U.S. Securities and Exchange Commission (SEC) announced late Tuesday that its social media account on X (formerly known as Twitter) was briefly accessed on Tuesday. An unidentified party posted a fake message claiming approval of exchange-traded funds for Bitcoin, […]


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Unity Software to lay off 1,800 employees, or 25% of its workforce
Nickie Louise Posted On January 9, 2024


Unity Software, a San Francisco-based video game software provider, is undergoing its largest layoff ever, cutting around 25% of its workforce, equivalent to 1,800 jobs, the company said in a regulatory filing and an internal memo circulated on Monday. The […]


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Dutch online grocery startup Picnic secures $388 million in funding for European expansion
Nickie Louise Posted On January 9, 2024


Dutch online grocery disruptor Picnic announced Tuesday that it secured 355 million euros (equivalent to $388.02 million) in funding from its investors to expand its operations in both France and Germany. Notable backers in this funding round include The Bill […]


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Alphabet’s AI-driven drug discovery startup Isomorphic lands $3 billion pharma deals with Lilly and Novartis
Nickie Louise Posted On January 8, 2024


Alphabet’s Isomorphic, an AI-driven drug discovery startup, has scored two major deals from pharmaceutical giants Eli Lilly and Novartis, ringing in at nearly $3 billion combined. These deals will notably bolster Google DeepMind’s AlphaFold AI technology, known for predicting protein […]


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Authors file new lawsuit against Microsoft, OpenAI over alleged copyright infringement in AI training data
Nickie Louise Posted On January 8, 2024


Microsoft and  OpenAI have been hit with a new lawsuit by authors over AI training data. Two authors, Nicholas Basbanes and Nicholas Gage, filed a lawsuit against Microsoft and OpenAI on Friday in a Manhattan federal court accusing the companies of […]


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Macquarie consortium to buy Swedish software company Byggfakta Group in a $1 billion buyout deal
Nickie Louise Posted On January 5, 2024


Byggfakta Group Nordic HoldCo AB, a Swedish software and information company within the construction industry, has received a substantial all-cash buyout offer totaling approximately $1 billion from a consortium, which includes Macquarie Capital. In an announcement on Friday, Byggfakta Group […]


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Perplexity AI raises $73.6 million in funding from Nvidia and Bezos; now valued at $520 million
Nickie Louise Posted On January 4, 2024


Artificial intelligence startup Perplexity AI has raised $73.6 million in a Series B funding round from a group of new investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos (through Bezos Expeditions Fund). The round, which values the […]


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The dark side of AI: Scientists say there’s a 5% chance of AI causing humans to go extinct
Daniel Levi Posted On January 4, 2024


In the largest survey of artificial intelligence (AI) researchers to date, a majority say there is a 5% chance that AI tech could pose an existential threat to humanity due to the possible development of superhuman AI. The findings come […]


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The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, to lay off staff after raising $50 million in funding
Nickie Louise Posted On January 4, 2024


The Messenger, a digital news startup founded by a seasoned media investor and entrepreneur who previously owned The Hill, is reportedly set to lay off around two dozen employees this week due to financial challenges and diminishing cash reserves, according […]


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Alibaba-owned e-Commerce startup Lazada begins new round of layoffs across Southeast Asia
Nickie Louise Posted On January 4, 2024


Lazada, an e-commerce startup owned by Alibaba, has begun its latest round of layoffs that affect staff across Southeast Asia, according to a report from CNBC, citing a source familiar with the situation. This move follows several media reports about […]


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SpaceX launches first set of Starlink satellites with direct-to-cell capabilities
Nickie Louise Posted On January 3, 2024


SpaceX successfully launched its initial group of six Starlink satellites, paving the way for direct-to-cell internet service from space. T-Mobile US revealed the news on Wednesday, noting that the Falcon 9 rocket, sent into orbit by Elon Musk’s SpaceX on […]


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