In a move that marks the first major IPO in the venture-backed tech sphere since December 2021, grocery delivery startup Instacart filed its official paperwork with the Securities and Exchange Commission (SEC) on Friday, signaling its intent to enter the […]
Chinese EV maker Xpeng said it would buy Didi’s electric car development business – a deal worth up to $744 million that will see it supply vehicles to the ride-hailing giant, boosting production and cutting costs. The all-stock deal further […]
The artificial intelligence (AI) space is heating up. Just yesterday, South Korea’s Naver announced the launch of HyperClova X, a new generative AI service to compete with ChatGPT. Now, China’s internet giant is unveiling two open-source AI models that can […]
AI startup Hugging Face announced on Thursday it has raised $235 million in Series D funding to ramp up its hiring efforts and further enhance its platform, which enables the machine learning community to collaborate on AI models, datasets, and applications. […]
South Korean internet giant Naver Corp on Thursday unveiled its own generative artificial intelligence tool called HyperCLOVA X. Similar to OpenAI’s ChatGPT and based on the company’s large language model (LLM), the Korean language chatbot can have conversations and summarize […]
Despite the ongoing slowdown in the global economy, there’s a noticeable uptick in merger and acquisition activity. The latest player in this trend is the technology-focused private equity firm Thoma Bravo. In an announcement on Wednesday, the firm revealed the […]
Seeking to create a cohesive financial ecosystem and connect Decentralized Finance (DeFi), Centralized Finance (CeFi), and Traditional Finance (TradFi), the distributed stablecoin project Hope.money today unveiled a three-phase project roadmap. The new roadmap is designed to bridge the gaps among […]
Despite the global e-commerce industry’s projected revenue of $6.3 trillion in 2023, small and medium-sized businesses (SMBs) continue to face challenges compared to industry giants like Amazon. Within the e-commerce landscape, the industry has long been divided into two distinct […]
Northvolt, the Swedish lithium-ion battery startup founded by a former Tesla executive, has raised a massive $1.2 billion in funding to construct new manufacturing facilities in Europe and North America, the company announced Tuesday. The round was led by BlackRock, […]
Adyen was once named one of the top 200 global fintech companies globally, according to Statista. Now Europe’s fintech darling is facing the fight of its life. In 2018, Dutch payments startup Adyen made its debut on the Amsterdam stock […]
Microsoft Xbox 360’s online store has had a great run. But all good things must come to an end. Microsoft announced on Thursday that it would pull the plug on its online store and marketplace for the Xbox 360 next year. This […]
In just a matter of months, artificial intelligence (AI) has become a mainstream and global phenomenon, largely propelled by the rapid success of OpenAI’s ChatGPT. No day goes by without a headline on AI. The recent surge in AI popularity […]
Llion Jones, who was hailed as the “Godfather of Transformers,” dedicated nearly 12 years to Google. He played a key role in crafting the pivotal Transformers research paper, a cornerstone in contemporary generative AI. Jones was part of a team […]
Republic, an equity crowdfunding that lets regular people invest in startups and early-stage companies, has just introduced its new digital wallet to its extensive worldwide community of over three million members. The new Republic Wallet is designed to facilitate investing, […]
DeepMind, one of Google’s AI units is building at least 21 different tools for life advice, planning, and tutoring using generative artificial intelligence (AI), The New York Times reported Wednesday. As part of the project, Google has reportedly partnered with […]
Crypto exchange Coinbase has been facing some challenges over the last two years. However, amidst a string of legal battles, there’s finally some good news for the world’s second-largest crypto exchange. In a significant development today, Coinbase Global announced Wednesday […]
Over the years, the European small and medium-sized businesses (SMBs) insurance market has long suffered from a lack of innovation. The crux of the issue lies in the uniqueness of each company – spanning diverse industry verticals, distinctive business models, […]
It’s been quite some time since we featured Abnormal Security, a provider of cloud email security platforms that safeguard businesses against focused email-based attacks. Back in November 2019, the San Francisco-based security startup emerged from stealth with $24 million in […]
In May, we wrote Anthropic after the OpenAI rival raised a massive $450 million in funding with backing from Google Alphabet, making it the year’s largest AI funding round since Microsoft’s $1 billion investment in OpenAI in January. Fast forward […]
A ride-share price war is brewing and Lyft has opted not to take the same path as its rival, Uber. Earlier this month, Uber reported its first-ever operating profit. But when you dig down into the data, you will find […]
