November 13, 2024
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Microsoft cuts hundreds of jobs at Azure Cloud as tech layoffs continue
Nickie Louise Posted On June 4, 2024


Microsoft is reported cutting hundreds of jobs in its Azure cloud unit, Business Insider reported Monday, adding to a series of job cuts witnessed across the technology and media sectors this year. According to sources familiar with the matter who […]


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Microsoft to invest $3.2 billion in Swedish AI and cloud to bolster its European footprint
Nickie Louise Posted On June 3, 2024


As part of the effort to bolster its presence in Europe, Microsoft announced on Monday that it is investing 33.7 billion Swedish crowns ($3.2 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years. […]


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AI cloud provider startup CoreWeave gears up for 2025 IPO amidst surging GPU demands
Nickie Louise Posted On May 31, 2024


The AI boom that began with the launch of ChatGPT in November 2022 has led to surging demand for the graphics processing units (GPUs) essential for powering AI data centers. One notable beneficiary of this surge is CoreWeave, an Nvidia-backed […]


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AI startup EthonAI raises $16M in funding led by Index Ventures to boost factory efficiency with AI
Nickie Louise Posted On May 30, 2024


Since the meteoric rise of ChatGPT two years ago, AI startups have largely focused on leveraging AI chatbots to boost office productivity and improve efficiency. However, one AI startup has its sights on revitalizing the struggling manufacturing sector. Enter EthonAI, […]


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Fisker lays off hundreds of workers as the embattled EV startup struggles to stay afloat
Daniel Levi Posted On May 30, 2024


Beleaguered electric vehicle startup Fisker has reportedly laid off hundreds of employees as part of the effort to stay afloat. The news comes as the company seeks funding, a potential buyout, or prepare for bankruptcy. According to a report by […]


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Google, AR startup Magic Leap partners to build immersive experiences that merge physical and digital worlds
Nickie Louise Posted On May 30, 2024


Alphabet’s Google and augmented reality startup Magic Leap are joining forces in a strategic technology partnership to develop immersive experiences that seamlessly blend the physical and digital worlds. According to an exclusive report from Reuters, this collaboration aims to leverage […]


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Crypto exchange Gemini ends 18-month freeze, returns $2.2 billion to customers
Daniel Levi Posted On May 29, 2024


After 18 months of freeze, crypto exchange Gemini announced on Wednesday that it will return $2.18 billion worth of digital assets to users of its Earn program. Withdrawals have been paused since November 2022. This restitution is part of a […]


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OpenAI former safety researcher Jan Leike joins rival AI startup Anthropic
Nickie Louise Posted On May 29, 2024


Despite its success in the generative AI space, OpenAI continues to experience the departure of several key members from its leadership team. The latest is Jan Leike, one of the company’s lead safety researchers who resigned earlier this month to […]


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BYD unveils new hybrid that can drive non-stop for over 2,000 kilometers without recharging or refueling
Nickie Louise Posted On May 29, 2024


Chinese electric vehicle (EV) giant BYD has unveiled an innovation that could shake the global auto market. Its latest advance isn’t a new car but a next-generation hybrid powertrain capable of traveling more than 2,000 kilometers (1,250 miles) on a […]


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Climate fintech startup Cloover raises $114M in seed funding to support transition to renewable energy
Nickie Louise Posted On May 28, 2024


While all eyes have been on generative AI, investors continue to pour billions into climate technology startups. The latest startup to ride the funding wave is Berling, Germany-based climate fintech startup Cloover, which recently secured $114 million in seed funding. […]


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Bitcoin mining startup Riot Platforms bids to acquire rival Bitfarms in $950 million deal
Nickie Louise Posted On May 28, 2024


Bitcoin miner Riot Platforms announced on Tuesday that it has offered to buy all shares from rival Bitfarms in a move aimed at a shake-up of the cryptocurrency mining industry. According to a Reuters report, the deal is pegged at […]


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ChatGPT coming to iPhones: Apple inks Deal with OpenAI for iOS 18
Nickie Louise Posted On May 28, 2024


Just weeks after initial reports suggested that Apple was planning to integrate ChatGPT into its next iPhone, Bloomberg confirmed over the weekend that Apple and OpenAI have reached a deal for OpenAI to provide chatbot functionality in iOS 18. The […]


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Google faces backlash over AI-generated search summaries; scrambles to make manual changes
Nickie Louise Posted On May 27, 2024


Last week, Google launched AI Overviews, a new search feature intended to enhance user experience by providing streamlined search results. However, instead of improving the search process, the new feature ignited a wave of criticism across social media after generating […]


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Microsoft partners with UAE AI startup G42 to invest $1 billion in Kenya data center
Daniel Levi Posted On May 22, 2024


Microsoft is partnering with Abu Dhabi-based AI startup G42 to invest $1 billion in a data center in Kenya as part of the company’s efforts to expand cloud-computing services in East Africa, the two companies announced on Wednesday. This is Microsoft’s […]


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AI language translator startup DeepL raises $300M at $2 billion valuation, making it Germany’s most valuable AI company
Nickie Louise Posted On May 22, 2024


Generative artificial intelligence (AI) startups continue to see an influx of funding as investors look for the next OpenAI. The latest to ride the AI funding wave is German AI language translator startup DeepL. The company announced Wednesday it’s now […]


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Generative AI startup Scale AI raises $1 billion in funding from Nvidia, others; now valued at $14 billion
Nickie Louise Posted On May 21, 2024


Generative AI startup Scale AI said on Tuesday it had raised a massive $1 billion in a growth funding round led by venture capital firm Accel, with participation from Amazon, Nvidia, and Meta. The latest round, which valued the company […]


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Autonomous AI startup Overland AI grabs $10 million for off-road self-driving military vehicles
Nickie Louise Posted On May 20, 2024


In the face of ongoing threats to soldiers in war zones, Seattle-based tech startup Overland AI is stepping up with a mission to minimize these risks using autonomous vehicles. With a focus on autonomous vehicles for high-risk environments, Overland AI […]


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Unicorn travel tech startup Navan eyes IPO as it nears profitability this year
Nickie Louise Posted On May 20, 2024


Travel and expense management platform Navan is having a great year even as thousands of tech startups struggle to afloat due to funding drought. The $9 billion travel tech startup said on Monday that it’s on track to achieve profitability […]


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CyberArk acquires cybersecurity firm Venafi for $1.5 billion to bolster machine-to-machine security
Nickie Louise Posted On May 20, 2024


Less than a month after acquiring UK cybersecurity company Darktrace for $5.3 billion in cash, US private equity firm Thoma Bravo appears to be selling off some of the companies in its portfolio. In an announcement on Monday, CyberArk said […]


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OpenAI strikes a deal with Reddit to train its AI on real-time user posts: Is user privacy at risk?
Nickie Louise Posted On May 17, 2024


Less than three months after Reddit struck a $60 million AI content licensing deal with Google, the world’s largest social aggregation site has just inked another partnership with another AI giant, OpenAI. The financial terms of the deal were not […]


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