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Meta is developing a new, more powerful AI system as AI race heats up, WSJ reports
Nickie Louise Posted On September 11, 2023


Meta Platforms, the parent company of Facebook, is working on creating a powerful new artificial intelligence (AI) system intended to be as powerful as the OpenAI’s most advanced model, The Wall Street Journal reported on Sunday, citing people familiar with […]


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SoftBank backs Stack AV, a new autonomous trucking startup founded by former Argo AI founders
Nickie Louise Posted On September 7, 2023


They’re back! Bryan Salesky, Peter Rander, and Brett Browning, the founders and the brains behind the now-shuttered Ford and VW-backed autonomous vehicle startup Argo AI, have just made a triumphant return. Their latest venture, Stack AV, is setting its sights on […]


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Brine Fi raises $16.5M in funding at a $100M valuation; launches top-ranking decentralized exchange
Nickie Louise Posted On September 7, 2023


The Centralized Exchanges (CEXs) that trade cryptocurrencies have faced increased scrutiny following the fallout of FTX. As a result, there has been a notable uptick in interest among traders who are now turning to Decentralized Exchanges (DEXs) in search of […]


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Mirror Trading International ordered to pay $1.7 billion in restitution for crypto fraud
Nickie Louise Posted On September 7, 2023


Mirror Trading International, a South African Company trading and networking company that uses Bitcoin as its base currency, has been ordered by a U.S. Federal Court judge to pay $1.7 billion in restitution to victims over its involvement in a […]


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GAM3S.GG secures $2M seed funding to expand Web3 gaming Superapp
Nickie Louise Posted On September 7, 2023


The surge in popularity of gaming superapps has injected fresh vitality into the world of NFTs, opening up exciting possibilities for gamers to explore, access, and enjoy a diverse range of casual Web3 games—all conveniently accessible from a single application. Leading […]


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Velmie launches core banking solutions for small banks
Nickie Louise Posted On September 7, 2023


The FinTech sector is undergoing significant changes, all because of the introduction of innovations to the finance industry. Its ultimate goal is to enhance the efficiency and accessibility of banking systems. As a result of this, the core banking sector […]


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500 Global closes $143 million fund to invest in early-stage growth startups across Southeast Asia
Nickie Louise Posted On September 6, 2023


Global tech startups are currently struggling to raise funds due to a confluence of factors including a setback experienced by Silicon Valley Bank earlier this year. Other factors include the prevailing global economic slowdown, the ongoing conflict in Ukraine, and […]


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London-based fintech startup Tradeteq raises $12.5M led by MS&AD Ventures to make private credit and real assets investible
Nickie Louise Posted On September 6, 2023


Tradeteq, a London-based fintech startup that facilitates connections between asset sellers and investors in the realm of private debt and real assets, has closed a $12.5 million Seed A plus funding round to help address the acute global lending shortfall. […]


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AI chip startup d-Matrix raises $110M in funding with backing from Microsoft to help power generative AI applications like ChatGPT
Nickie Louise Posted On September 6, 2023


d-Matrix, a Silicon Valley-based artificial intelligence chip startup, has raised $110 million in funding with support from notable investors, including tech giant Microsoft Corp. d-Matrix develops next-generation chips that power generative AI applications and large language models such as ChatGPT. […]


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Israel’s AI fintech startup ThetaRay raises $57 million in funding to secure global payments
Nickie Louise Posted On September 5, 2023


ThetaRay, an Israeli AI fintech startup that uses artificial intelligence (AI) to identify financial cyber threats, has raised $57 million in a private funding round led by global fintech platform Portage, with participation from existing investors JVP, OurCrowd, and others. […]


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The Next Crypto Gem, the crypto’s “shark tank” reality TV show, will debut in 56 countries on September 7th
Nickie Louise Posted On September 5, 2023


Despite the recent decline in the cryptocurrency market, interest in the industry is at an all-time high. This is due in part to rising inflation, which has led investors to seek out alternative assets to protect their wealth. While the […]


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Latin America’s most valuable fintech startup Nubank launches personal loans for Mexican market
Nickie Louise Posted On September 5, 2023


Nubank, Latin America’s most valuable fintech startup, announced on Tuesday its entry into the Mexican market with the launch of personal loans that aim to boost the company’s array of financial services in the region’s second-largest economy. In a statement, […]


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Teardown of Huawei’s 5G Mate 60 Pro phone shows China’s chip breakthrough in a blow to US sanctions
Nickie Louise Posted On September 4, 2023


The surprise launch of Huawei’s 5G smartphone last week has left the United States startled, as the Chinese technology powerhouse unveiled its new 5G chip powered-Mate 60 Pro phone developed by China’s largest chip maker, Semiconductor Manufacturing International Corporation (SMIC). […]


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Alibaba’s cloud division in talks to raise up to $3 billion from state-owned firms, reports
Nickie Louise Posted On September 4, 2023


Just weeks after introducing Tongyi Wanxiangm, an AI image-generation tool in direct competition with OpenAI’s DALL-E and Midjourney, Alibaba Group Holding’s Cloud Intelligence Unit is reportedly in talks to raise private funding from Chinese state-owned enterprises, Bloomberg reported on Monday. […]


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SoftBank targets over $50 billion valuation for its ARM’s IPO
Nickie Louise Posted On September 4, 2023


Late last month, we wrote about Arm Holdings Ltd. after the SoftBank-owned chip designer reportedly filed its paperwork for an initial public offering with the Securities and Exchange Commission (SEC) for a listing on the Nasdaq exchange. Now, we have […]


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Elon Musk’s X (formerly Twitter) to launch video & audio calling feature to take on WhatsApp
Nickie Louise Posted On August 31, 2023


As part of his vision to build an “everything app,” Elon Musk announced Thursday that X (formerly Twitter) is planning to launch video and audio calls that will make the platform “the effective global address book.” The launch will set […]


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UAE’s G42 launches open source Arabic language AI model on Cerebras’ supercomputer, Condor Galaxy
Nickie Louise Posted On August 30, 2023


G42, the Abu Dhabi-based artificial intelligence and cloud computing company, has partnered with a consortium of engineers, researchers, and a Silicon Valley-based AI chip startup Cerebras to launch advanced Arabic language software that can power generative AI applications. The new […]


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OpenAI on track to generate more than $1 billion in revenue over the next 12 months as AI gains steam
Nickie Louise Posted On August 30, 2023


The artificial intelligence (AI) frenzy that started late last year with the launch of ChatGPT continues to gain steam as companies integrate AI into their existing tools and services. Riding the AI waves is OpenAI, the maker of the world’s […]


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Occuspace lands $3.6M in seed funding to let property owners and patrons keep track of their spaces in real-time
Nickie Louise Posted On August 29, 2023


Amidst the current economic challenges facing the real estate market, coupled with an unprecedented transformation sweeping across the industry, property owners and patrons are confronted with the challenges of managing and harnessing their physical spaces to give their customers the […]


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OpenAI launches ChatGPT Enterprise for businesses
Nickie Louise Posted On August 29, 2023


In its biggest launch since the introduction of ChatGPT in November 2022, OpenAI on Monday unveiled ChatGPT Enterprise, an AI-powered chatbot tailored for business clients. Unlike the current version of ChatGPT that’s currently available to the general public, the ChatGPT […]


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