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Chinese AI startup Baichuan raises $300 million in funding from Alibaba, Tencent, and others
Nickie Louise Posted On October 17, 2023


Investment in artificial intelligence (AI) startups continues at a rapid pace with no signs of slowing down as investors pour billions into the space. The most recent addition to this funding surge is the Chinese AI startup Baichuan. On Tuesday, Baichuan announced […]


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Stack Overflow lays off 28% of its total workforce amid challenges posed by generative AI
Nickie Louise Posted On October 16, 2023


Stack Overflow is laying off 28% of its staff. In an announcement on Monday, CEO Prashanth Chandrasekar revealed that the company is reducing its total workforce by about 28% as part of cost-cutting measures to address new challenges. Over the […]


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Rite Aid files for bankruptcy as drugstores face existential crisis from online retailers like Amazon
Nickie Louise Posted On October 16, 2023


Rite Aid has filed for bankruptcy. The 61-year-old drugstore chain with over 2,000 locations across the US, filed for Chapter 11 bankruptcy protection in New Jersey on Sunday. The move was part of the company’s efforts to restructure and significantly […]


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Flexport is laying off 20% of its workforce one month after the logistics startup ousted its CEO, Dave Clark
Nickie Louise Posted On October 13, 2023


Logistics startup Flexport is planning to cut about 20% of its global workforce in a new round of layoffs following a 20% layoff in January, CNBC reported. Citing an internal memo to the company’s employees, CNBC said that CEO Ryan Petersen […]


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Microsoft seals Activision Blizzard deal after UK regulatory approval
Nickie Louise Posted On October 13, 2023


After nearly two years of regulatory scrutiny, Microsoft, the maker of Xbox, has successfully completed its acquisition of Activision Blizzard for $69 billion. This move significantly bolsters Microsoft’s presence in the video gaming industry, granting them access to popular titles […]


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ALT21, a London-based fintech startup, raises $21M in funding to grow its hedging platform
Nickie Louise Posted On October 12, 2023


ALT21, a London-based startup and provider of an end-to-end platform for FX hedging, has closed $21 million (19.4 million euros) in funding, marking one of Europe’s largest pre-Series A funding rounds this year. The influx of capital positions ALT21 for […]


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YouTube surpasses Netflix as the most popular video streaming service among teens
Nickie Louise Posted On October 12, 2023


Teenagers in the United States say they watch more videos on YouTube than on Netflix, according to a recent survey conducted by investment bank Piper Sandler in partnership with DECA. The survey found that teenagers in the United States now spend […]


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Atlassian acquires video messaging platform Loom for nearly $1 billion
Nickie Louise Posted On October 12, 2023


Team collaboration software company Atlassian announced today it has agreed to acquire the communications and video platform platform Loom, in a deal valued at approximately $975 million. The acquisition involves around $880 million in cash and the remainder in shares. […]


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Convera completes migration to AWS to accelerate faster payments and improve customer experience
Nickie Louise Posted On October 12, 2023


Convera, a B2B payments fintech startup, today announced it has successfully completed the migration of its payments network and customer services to Amazon Web Services (AWS). This move is set to empower Convera to offer a swifter payment network and […]


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JPMorgan launches its first tokenized blockchain collateral settlement with BlackRock and Barclays
Daniel Levi Posted On October 11, 2023


Banking giant JPMorgan on Wednesday launched its first blockchain-powered collateral settlement platform for clients. Known as the Tokenized Collateral Network (TCN), the in-house blockchain-powered tokenization application helps facilitate the transformation of traditional assets into digital assets, paving the way for […]


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Pickle picks up $8M to let you rent the latest styles and trends from its peer-to-peer rental marketplace
Nickie Louise Posted On October 11, 2023


Pickle, a New York-based fashion startup, has secured $8 million in seed funding to fuel the growth of its peer-to-peer fashion rental marketplace that enables users to rent the latest fashion trends. Leading this investment round are FirstMark Capital and […]


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Vietnam’s EV startup VinFast to acquire battery maker VinES from its founder two months after going public
Nickie Louise Posted On October 11, 2023


Just two months after going public in a $23 billion SPAC merger deal, Vietnamese electric vehicle maker VinFast announced Wednesday. that it will acquire a 99.8% stake in the battery maker VinES from its founder, Pham Nhat Vuong. The move […]


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Conveyor closes $12.5M in Series A funding to automate security reviews using generative AI
Nickie Louise Posted On October 11, 2023


The process of establishing trust in data security by companies today remains laborious and predominantly manual, despite the emergence of new tools. It’s still heavily reliant on the infamous security questionnaire. The simple question of “Can I trust this company […]


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AMD to buy AI software startup Nod.ai in a bid to catch up with rival chipmaker Nvidia
Nickie Louise Posted On October 10, 2023


Advanced Micro Devices (AMD) announced on Tuesday it plans to buy artificial intelligence (AI) startup Nod.ai as part of the effort to enhance its software capabilities. While the terms of the deal were not disclosed, AMD said the acquisition will […]


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Unity Software CEO John Riccitiello steps down effective immediately
Nickie Louise Posted On October 10, 2023


Unity Software made a surprising announcement on Monday that John Riccitiello has stepped down from his role as chief executive officer (CEO) on October 9, 2023, effective immediately. In his place, James M. Whitehurst, a former senior advisor and president […]


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Google unveils new generative AI tools to assist doctors and healthcare professionals
Daniel Levi Posted On October 9, 2023


Google Cloud on Monday unveiled an array of new generative AI search capabilities designed to assist healthcare professionals to quickly retrieve accurate clinical information from different types of medical records across diverse data sources. Google said that the new features […]


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Food tech startup Wanda Fish raises $7M in seed funding for the production cultivated bluefin tuna
Nickie Louise Posted On October 9, 2023


Our oceans, once teeming with life and vitality, are facing unprecedented challenges. They’re becoming more acidic, pollution is on the rise, and the waters are getting warmer—all while our world’s population continues to grow. At the same time, there’s an […]


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23andMe Hacked: 23andMe confirms over 7 million users’ DNA data stolen in a massive data breach
Nickie Louise Posted On October 9, 2023


DNA data of over 7 million 23andMe users have been stolen in a massive data breach. According to multiple reports, the breach mainly focused on users with Ashkenazi Jewish ancestry and compromised data including names, profile photos, genetic ancestry results, […]


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Peak Energy launches from stealth with $10M in funding to mass-produce giant batteries to store solar and wind energy
Nickie Louise Posted On October 6, 2023


Peak Energy, a clean energy storage startup founded by veterans from Tesla and Northvolt, has launched from stealth mode with $10 million in funding to mass-produce giant sodium-ion batteries to store solar and wind energy and accelerate the renewable energy […]


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Defense tech startup Mach Industries raises $79M in Series A funding at $335 million valuation
Daniel Levi Posted On October 5, 2023


In the midst of the ongoing Ukraine war, major U.S. defense contractors such as Lockheed Martin, Northrop Grumman, and Raytheon Technologies continue to rake in billions in windfall profits. Now, one tech startup is jumping into the fray to cash […]


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