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ChatGPT and other AI models unable to analyze SEC Filing, Patronus AI researchers find
Nickie Louise Posted On December 19, 2023


Over the past year, ChatGPT and other large language models (LLMs), including Google Bard and Anthropic, have gained widespread attention for their impressive abilities, ranging from coding, poetry, and songwriting to even devising entire movie plots. They’ve even showcased proficiency […]


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Google hit with $700 million penalty for Play Store monopoly
Nickie Louise Posted On December 19, 2023


Google has agreed to a $700 million settlement with U.S. states and allows for more competition in its Play app store as part of an antitrust deal with U.S. states and consumers. The terms were disclosed in a San Francisco federal […]


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Clean energy startup Octopus Energy raises $800 million in funding to accelerate growth
Nickie Louise Posted On December 18, 2023


UK-based Octopus Energy Group announced on Monday that it has raised $800 million in the latest funding round from existing investors. The new investment values the eight-year-old clean energy company at $7.8 billion (£6.2bn), marking a substantial 60% increase from […]


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Adobe and Figma terminate $20 billion merger deal
Nickie Louise Posted On December 18, 2023


Adobe and Figma announced on Monday they have decided to cancel their planned $20 billion merger due to regulatory obstacles. The companies stated that they see no clear path to obtaining the necessary regulatory approvals from the European Commission and […]


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IBM to acquire Software AG’s Integration Business for $2.3 billion to boost its hybrid cloud and AI offerings 
Nickie Louise Posted On December 18, 2023


IBM announced on Monday it would acquire Software AG’s enterprise integration platforms, StreamSets and webMethods, for €2.13 billion ($2.33 billion). This strategic move is aimed at strengthening IBM’s presence in the hybrid cloud and artificial intelligence (AI) markets. StreamSets and […]


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Chinese AI startup 01.AI to raise $200 million to build the next generation of open-source AI models
Nickie Louise Posted On December 14, 2023


Beijing-based 01.AI, a Chinese artificial intelligence startup founded by former Google China chief Lee Kai-fu, is raising up to $200 million in fresh funding, according to an exclusive report from Reuters. The move to raise funds comes amid a surge […]


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AllSpice.io raises $6 million in additional funding for its hardware collaboration platform
Nickie Louise Posted On December 13, 2023


In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology […]


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Tesla to roll out software updates for over 2 million vehicles in the U.S. to resolve Autopilot ‘defect’
Nickie Louise Posted On December 13, 2023


Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every […]


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Meta sued for using copyrighted books for AI training
Nickie Louise Posted On December 13, 2023


Did Meta break the law? Authors are claiming that the company used their books without permission. According to a recent filing in a copyright infringement lawsuit, Meta Platforms, the parent company of Facebook and Instagram, allegedly ignored legal warnings about […]


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531 Views


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Chinese chip startup Changxin seeks to raise new funding at $19.51 billion valuation; delays IPO
Nickie Louise Posted On December 12, 2023


Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. […]


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Generative AI startup Mistral AI secures $415 million in second funding round
Nickie Louise Posted On December 11, 2023


French open-source AI startup Mistral AI said on Monday it had raised 385 million euros (about $415 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. The funding comes less than […]


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SoftBank to reduce its stake in Indian food delivery startup Zomato through a $135 million share sale
Nickie Louise Posted On December 7, 2023


Japan’s SoftBank is looking to sell a 1.1% stake in the Indian food delivery platform Zomato. The block deal is valued at 11.28 billion rupees ($135.36 million), according to a report from CNBC-TV18 on Thursday, citing sources familiar with the […]


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Google launches Gemini, its largest and most powerful AI model to challenge ChatGPT
Nickie Louise Posted On December 6, 2023


After several months of playing catch-up, Google has officially unveiled Gemini, its latest and most powerful AI model, claiming superiority over OpenAI’s GPT-3.5. The announcement follows a report by The Information suggesting a potential delay in the full launch until […]


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Governments spying on Apple & Google phone users via push notifications, US senator warns
Daniel Levi Posted On December 6, 2023


U.S. Senator Ron Wyden issued a warning on Wednesday about unidentified governments using Push Notifications to conduct surveillance on users of Apple and Google smartphones, according to a report from Reuters. In a letter addressed to the Department of Justice […]


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Science Creates secures £8.5M in funding to support UK spin-outs and drive the fourth industrial revolution
Nickie Louise Posted On December 6, 2023


University spin-out Science Creates has received new funding boost to ignite deep tech innovation and pave the way for the UK’s leading role in the fourth industrial revolution. Science Creates announced on Wednesday it has secured £8.5 million in funding […]


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Malta: A Haven for Digital Nomads and Aspiring Entrepreneurs
Nickie Louise Posted On December 5, 2023


Businesses globally are acknowledging the fact that remote working has become rapidly mainstream, prompting many countries to cater to the growing tribe of digital nomads. Malta, at the forefront of this movement in Europe, has successfully adapted to this shift […]


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Spotify to lay off 17% of its workforce in third round of job cuts
Nickie Louise Posted On December 4, 2023


Spotify announced on Monday it will lay off 17% of its workforce, or about 1,500 employees, to bring down costs. The latest round of job cuts comes after the music-streaming giant laid off 600 of its staff in January, and […]


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Zepz, a $5 billion fintech unicorn startup and owner of WorldRemit, cuts more staff in another round of layoffs
Nickie Louise Posted On December 1, 2023


Zepz, a unicorn fintech startup that owns WorldRemit, announced a new round of layoffs affecting 30 employees in its people and marketing functions, according to an exclusive report from CNBC. The startup, valued at $5 billion and backed by major […]


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E-commerce startup Zubale raises $25M in funding to fuel expansion in Brazil and Mexico
Nickie Louise Posted On November 30, 2023


Zubale, an emerging e-commerce startup, has raised $25 million in funding to drive its expansion efforts in Brazil and Mexico. The latest investment, which follows last year’s $40 million Series A round, was backed by QED Investors and NFX. Zubale […]


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Visa backs €8.5m investment in Finland-based FinTech startup Enfuce to accelerate growth
Nickie Louise Posted On November 30, 2023


People in North America collectively spend over $3 trillion each year using credit cards. The trend is mirrored in Europe, where the value of payment card transactions in the Euro area hit nearly 1.82 trillion euros in 2018. Financial institutions […]


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