November 29, 2024
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Jeff Bezos to sell $5 billion of Amazon shares after stock hits record high
Nickie Louise Posted On July 3, 2024


In a move that may raise eyebrows across the financial markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows […]


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AI coding startup Magic seeks to raise $200 million at a $1.5 billion valuation
Nickie Louise Posted On July 3, 2024


Magic, a generative AI startup developing artificial intelligence models to write software, is in advanced discussions to raise over $200 million in a new funding round, which would value the company at $1.5 billion, according to an exclusive report from […]


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UK fintech startup Revolut seeks $40 billion valuation following a $553.81 million profit
Nickie Louise Posted On July 2, 2024


British digital banking startup Revolut announced on Tuesday a record pretax profit of £438 million ($553.81 million) for 2023, driven by robust user growth and a significant rise in interest-related income. This marks a significant milestone as the company aims […]


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Amazon hires founders of AI startup Adept to lead its push into AI-powered work automation
Nickie Louise Posted On July 1, 2024


Amazon has hired the co-founders of AI agent startup Adept in a move to bolster its artificial intelligence capabilities and enhance its AI-powered work automation efforts. Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders Augustus […]


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Google acquires a stake in BlackRock-backed Taiwanese solar startup to boost energy capacity amid AI boom
Nickie Louise Posted On July 1, 2024


Google announced on Monday it has acquired a stake in Taiwan’s New Green Power (NGP) in a strategic move to advance its sustainability goals. The deal includes capital investment from Google into the BlackRock fund-owned firm. As part of the […]


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Nokia acquires Infinera in $2.3 billion deal to tap into AI-driven data center boom
Nickie Louise Posted On June 28, 2024


Nokia announced on Thursday it has agreed to acquire U.S.-based optical networking gear maker Infinera Corp in a deal valued at $2.3 billion to bolster its optical network business and tap into an AI-fueled data center boom. This strategic acquisition […]


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SoftBank to invest up to $30 million in search engine startup Perplexity AI at a  $3 billion valuation
Nickie Louise Posted On June 27, 2024


Japanese tech giant SoftBank Group Corp’s Vision Fund 2 is set to invest between $10 million and $20 million in U.S.-based search startup Perplexity AI, Bloomberg reported on Thursday. The investment marks Masayoshi Son’s latest strategic move in a sector […]


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Entegris receives $75M in Chips Act grant to boost US semiconductor manufacturing amid surging demand for AI chips
Nickie Louise Posted On June 26, 2024


The U.S. government has granted up to $75 million in funding to Entegris, an American supplier in chip manufacturing, to support the establishment of a new plant in Colorado. The move is part of the CHIPS Act initiative aimed at […]


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Data connectivity startup CData Software raises $350M in growth equity funding led by Warburg Pincus
Nickie Louise Posted On June 26, 2024


CData Software, a provider of data connectivity solutions startup, has raised close to $350 million in growth equity financing. The funding round was led by U.S. private equity giant Warburg Pincus, with significant participation from Accel. This capital infusion comes […]


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Etched, an AI chip startup founded by college dropouts, raises $120 million in funding to take on Nvidia
Nickie Louise Posted On June 25, 2024


Nvidia has long been the uncontested leader in the AI GPU market, but a new contender has just emerged. Etched, a two-year-old startup founded by Harvard dropouts, is stepping into the ring to challenge the chipmaking giant’s dominance with substantial […]


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Paris-based startup Skynopy secures $3.1M in funding to simplify mobile phone connectivity for LEO satellites
Nickie Louise Posted On June 24, 2024


Paris-based space startup Skynopy has raised $3.1 million in a swift funding round to bring simple and seamless mobile phone connectivity to low earth orbit (LEO) satellites. Impressively, the funding was secured in just three weeks, just a few months […]


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Apple in talks with Meta on major AI partnership
Nickie Louise Posted On June 24, 2024


While Apple and OpenAI have just made their partnership official, other tech giants are eagerly vying for a spot on the Apple Intelligence bandwagon — including some of Apple’s fiercest rivals. The latest is Meta. According to an exclusive report […]


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Nvidia-backed AI startup Synthesia now lets you create multilingual presentations from your phone
Nickie Louise Posted On June 24, 2024


In April, we wrote about Synthesia after the Nvidia-backed AI startup unveiled new emotion-reading AI avatars. Dubbed “Expressive Avatars,” Synthesia’s AI Avatars are designed to bridge the gap between the virtual and real worlds by conveying human emotions through text […]


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Anthropic launches Claude 3.5 Sonnet, a new AI model that is 3 times faster than previous models released 3 months ago
Daniel Levi Posted On June 20, 2024


AI startup Anthropic on Thursday announced the release of its latest artificial intelligence model, Claude 3.5 Sonnet, along with a new user-friendly layout aimed at enhancing productivity. This launch is the latest in a series of rapid advancements in the AI […]


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OpenAI co-founder Ilya Sutskever launches new AI startup, Safe Superintelligence (SSI)
Nickie Louise Posted On June 20, 2024


Just a month after his departure from OpenAI, former chief scientist and ChatGPT-4 creator Ilya Sutskever announced on Wednesday the launch of his new AI startup, Safe Superintelligence (SSI), focused exclusively on developing safe and powerful superintelligent AI. SSI is […]


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Top venture funding news for today, June 19, 2024: Entro Security, Talkiatry, MeetRecord, Marigold, and Tandem AI
Daniel Levi Posted On June 19, 2024


Good evening! Today’s news is lighter due to the Juneteenth holiday, a federal holiday in the United States commemorating the end of slavery. So, here are the top venture funding stories for June 19, 2024: Zilch raises $125M in debt […]


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London-based fintech startup Zilch raises $125M in debt financing ahead of potential IPO
Daniel Levi Posted On June 19, 2024


Zilch, a London-based buy-now-pay-later (BNPL) startup, has secured £100 million ($125 million) in securitized debt financing from Deutsche Bank ahead of the highly anticipated public listing. Valued at $2 billion (£1.65 billion) as of last October, Zilch plans to use […]


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Microsoft to buy 8 million carbon credits from BTG Pactual in a largest carbon removal deal ever
Nickie Louise Posted On June 19, 2024


Microsoft has secured millions of carbon credits from Brazilian investment bank BTG Pactual, marking the largest carbon removal transaction on record. In an announcement on Wednesday, BTG Pactual’s forestry division said it has reached an agreement to sell 8 million […]


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Nvidia is now the world’s most valuable company, surpassing Microsoft
Nickie Louise Posted On June 19, 2024


In a stunning turn of events, Nvidia has unseated Microsoft to become the world’s most valuable company. This milestone comes just two weeks after Nvidia surpassed Apple to secure the second-most valuable company position. On Tuesday, Nvidia’s shares surged by […]


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Top venture funding news for today, June 18, 2024: Maxim AI, Huntress, Companion, Ramify, Hark, & Echion
Daniel Levi Posted On June 18, 2024


Good evening! It’s been over a year since our last edition of the Top Startup News of the Day, and we’ve been hard at work behind the scenes to introduce a new feature: the Startup Directory. This tool allows you […]


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