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EV tech startup Smart to raise around $300 million in Series A funding led by Tianqi Lithium
Nickie Louise Posted On July 13, 2023


While artificial intelligence continues to dominate the headlines, investors continue to pour billions into startups working on climate change, renewable energy, and electric vehicles as part of the efforts to accelerate the transition away from traditional combustion-based technologies and move […]


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Celsius founder and CEO Alex Mashinsky arrested and charged with fraud; sued by the SEC
Nickie Louise Posted On July 13, 2023


Alex Mashinsky, the founder and former CEO of the now-bankrupt crypto lending startup Celsius Network, was arrested and charged with fraud on Thursday morning by US authorities following a probe into the company’s collapse, Bloomberg reported. In another report confirmed […]


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Nvidia invests $50 million in biotech startup Recursion to train AI models for drug discovery
Nickie Louise Posted On July 12, 2023


Back in June, we wrote about Nvidia after the chipmaker, along with other tech giants poured $1.3 billion into Inflection, an AI startup founded by LinkedIn and DeepMind co-founders. Now, with Nvidia boasting a staggering market capitalization exceeding one trillion […]


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Sapphire Ventures to invest over $1 billion in enterprise AI startups as AI boom picks up steam
Nickie Louise Posted On July 11, 2023


The AI boom sparked by the sudden success of OpenAI ChatGPT shows no signs of fading. Since the launch of ChatGpt in November of last year, investors have billions of dollars into generative AI startups. The latest is Sapphire Ventures, […]


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Microsoft confirms it’s laying off more workers in addition to the 10,000 job cuts announced in January
Nickie Louise Posted On July 11, 2023


While the tech stocks have had a great year so far, the same cannot be said about tech employees as they face more job cuts. In a surprised announcement on Monday, Microsoft confirmed that it is eliminating additional jobs in […]


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Alibaba launches Tongyi Wanxiang, an AI image-generation tool to compete with OpenAI’s DALL-E & Midjourney
Nickie Louise Posted On July 10, 2023


Chinese tech giant Alibaba on Friday announced the launch of its latest artificial intelligence (AI) tool called Tongyi Wanxiang. The tool is designed to generate images based on text prompts, putting it in direct competition with OpenAI’s DALL-E and Midjourney […]


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Israel’s consumer tech startup Oddity eyes $1.7 billion U.S. IPO
Nickie Louise Posted On July 10, 2023


Oddity Tech, an Israel consumer-tech startup that helps in the development and expansion of digital-first brands, is working with bankers to put together a plan for its initial public offering (IPO) in the United States. In an announcement made on Monday, […]


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EU and Belgium invest $1.6 billion in ‘brains-on-chips’ technology firm Imec
Nickie Louise Posted On July 7, 2023


Imec, a Belgian chip technology firm that is creating human-specific living brain models, has received a fresh capital infusion from the European Union and Belgium’s regional Flemish government to support its research in nanoelectronics and nanotechnology. The European Union and […]


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Twitter competitor Bluesky raises $8M; launches paid custom domains in a bid to remain sustainable
Nickie Louise Posted On July 6, 2023


Jack Dorsey’s backed Twitter competitor Bluesky said on Wednesday that it has raised $8 million in seed funding. The news of the funding follows its conversion from a public benefit LLC to a public benefit C Corp “in order to […]


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Low-cost eCommerce startup Temu expands to Japan following a successful launch in Europe
Nickie Louise Posted On July 6, 2023


Back in April, we wrote about Temu after the ultra-low-cost e-commerce platform startup owned by Pinduoduo made its debut in Europe following a successful U.S. launch. The move was part of Temu’s push to make inroads into the overseas market […]


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Thermo Fisher Scientific acquires data intelligence company CorEvitas for $912.5 million in cash
Nickie Louise Posted On July 6, 2023


Thermo Fisher Scientific, a global company specializing in medical equipment and analytical instruments, announced Thursday that it is acquiring data intelligence company CorEvitas from Audax Private Equity in a cash transaction worth $912.5 million. The Massachusetts-based CorEvitas provides data and […]


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Gooten raises $11M in funding to provide on-demand manufacturing to e-commerce brands and retailers
Daniel Levi Posted On July 5, 2023


Gooten, a New York-based tech startup that provides automated fulfillment to e-commerce brands and retailers, today announced it has raised $11 million in Series A funding to fuel the growing demand for its on-demand manufacturing solutions. The round was led by […]


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Threads, Meta’s new Twitter competitor, to launch on Thursday, July 6th: Here’s to get access now
Nickie Louise Posted On July 5, 2023


Meta will release its new text-based microblogging app called Threads on Thursday, July 6th, positioning it as a competitor to Twitter. The app is currently available for pre-order on the Apple App Store in the US and will be linked […]


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Chinese AI startup Fourth Paradigm to go public in Hong Kong after receiving regulatory approval in China
Nickie Louise Posted On July 5, 2023


Chinese AI startup Beijing Fourth Paradigm has received regulatory approval for its initial public offering (IPO) listing in Hong Kong, according to a July 3 filing on the China Securities Regulatory Commission (CSRC) website. With this approval, Fourth Paradigm now […]


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ChatGPT Lawsuit: OpenAI sued for scraping and stealing private data from millions of people without their consent
Daniel Levi Posted On July 3, 2023


OpenAI, the maker of the popular ChatGPT, has found itself in hot water again for allegedly scraping “300 billion words from the internet, including books, articles, websites, posts,” and personal information of people without consent. The lawsuit was filed in […]


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How Elon Musk rate limit on Twitter exposes massive AI data scraping by the Censorship Industrial Complex
Daniel Levi Posted On July 3, 2023


Over the weekend, Twitter owner Elon Musk imposed limits on the number of posts that users could read in what he described as a temporary move that targets “extreme levels of data scraping and system manipulation” by other companies and […]


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Amsterdam-based tech startup Aito bags €6M to bring its finger sensing and haptic touch solutions to market
Daniel Levi Posted On June 30, 2023


Amsterdam-based tech startup Aito has secured a new round of funding backed by existing investors KBC Focus Fund, FORWARD.One and Innovation Industries as well as individual high net worth investors. The latest round, which brings the company’s total funding to […]


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Latin America unicorn startup Merama lays off nearly 10% of its workforce to refocus on strategy
Nickie Louise Posted On June 30, 2023


Merama, a Latin America-based e-commerce startup that achieved unicorn status within just a year in business, has laid off nearly 10% of its staff, according to an exclusive report from Reuters, citing a statement from the company CEO Sujay Tyle. […]


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Israel’s cybersecurity startup Nokod secures $8M seed round to bolster low-code/no-code app security
Nickie Louise Posted On June 29, 2023


The number of low-code platforms has surged in recent years. According to research from Gartner, the adoption of low-code/no-code platforms and robotic process automation (RPA) tools such as Microsoft PowerApps, ServiceNow, and UiPath is expected to reach around 65% of […]


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Workflow automation startup Parabola raises $24M in funding to help automate manual work without coding
Nickie Louise Posted On June 28, 2023


Parabola, a San Francisco-based startup that helps everyone automate their manual tasks without coding, announced today it has secured $24 million in Series B funding to hire more staff and bolster its research and development (R&D) efforts. The round, which brings […]


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