In early 2015, Twitter bought the short-video app Vine for $30 Million before it had ever gotten a chance to launch. By December 2015, Vine had grown in popularity with over 200 million active users. But in October 2016, Twitter shut […]
After several months of drought, special purpose acquisition company (SPAC) deals appear to be gaining momentum once again. So far this year, SPAC deals account for 82 out of the 107 US initial public offerings (IPOs), according to data from the SPAC analytics […]
In just eight decades, closed-circuit television (CCTV) has grown in popularity as homes, businesses and organizations use the video surveillance system to help record images and videos of their critical assets. The CCTV camera works by monitoring, recording video images, and transmitting them […]
Less than a week after billionaire Elon Musk completed the $44 billion acquisition, Twitter is planning to lay off 25% of its workforce of 7,500 employees in the first round of job cuts, the Washington Post reported on Monday, citing a person familiar […]
Remember late last year when a Japanese drone startup unveiled a hoverbike that can fly above public roads? Now, a Chinese tech startup XPeng is aiming to take flying cars to another level. During its TechDay demo earlier this week, XPeng […]
Google has acquired Alter, an AI avatar startup and the maker of the app that lets people create their own virtual avatars. The transaction was completed about two months ago but the news of the acquisition first became public. A Google spokesperson confirmed […]
Early this month, we wrote about PayPal after the company said it would take $2,500 from your account if you spread misinformation. The payment giant later backed down after social media backlash saying the notice went “out in error” and will not […]
As the saying goes, “When you find yourself in a hole, you better stop digging.” Sadly for Mark Zuckerberg, founder and CEO of Meta, he’s doing quite the opposite. Late last year, Zuckerberg changed the corporate name from Facebook to Meta to reflect […]
Intel’s self-driving technology unit Mobileye finally made its debut on the Nasdaq stock exchange after many months of turbulence. Shares of Mobileye Global opened for trading at $26.71, after the company priced its initial public offering (IPO) at $21 late Tuesday. Its shares later jumped by […]
The era of a cashier-based store is slowly coming to an end. The idea of walking into a store and grabbing what you need without having to stand in line at the cashier is slowly making its way into stores in […]
Tesla CEO Elon Musk said he’s committed to closing the $44 billion acquisition of Twitter on Friday, Reuters reported, citing sources familiar with the ongoing talks. According to the report, the world’s richest person notified co-investors who pitched in to fund the […]
The global demand for seafood has led to overfishing that threatens the world’s oceans and drives species like eels to extinction. As the global demand for seafood continues to rise, it will exacerbate the intensive aquaculture that is already disrupting oceanic […]
Alphabet’s Google reported a lackluster result on Tuesday during its third-quarter earnings call. It’s now clear that not even Google is immune from the ongoing Crypto winter. The tech giant misses on earnings as revenue growth dipped to 6%. The tech behemoth saw […]
Seqera Labs, a provider of open-source data orchestration and workflow software for life sciences, has raised €22 million in Series A funding led by Addition, with follow-on funding from Talis Capital, Speedinvest, BoxOne Ventures, and Amino Collective. The Barcelona-based Seqera Labs will use […]
Meta’s messaging app WhatsApp is slowly coming back online after a global outage hits millions of users. At around 0900 GMT, WhatsApp reported the issue has been fixed after millions of users reported problems earlier on Tuesday. Outage monitoring site Downdetector […]
While hundreds of tech companies were laying off thousands of their staff, Vietnam’s EV tech startup VinFast announced in August it was hiring 8,000 new employees to further ramp up production and meet the increasing demands for its electric cars. Now, VinFast has […]
Early last year, United Airlines announced it has agreed to purchase $1 billion worth of battery-powered flying taxis entered from California-based aerospace startup Archer Aviation in preparation for its 2024 launch. As part of the partnership agreement, United said it will buy […]
As blockchain technology and non-fungible tokens (NFTs) continue to grow in popularity, we are witnessing a dramatic transformation in the art world. This is particularly evident when it comes to digital art, as artists now have a whole new way […]
Early this month, the Ukrainian troops on the frontline reported ‘catastrophic’ outages of their Starlink communication devices. The connectivity issues hindered their efforts from liberating captured territory from Russian forces. Roman Sinicyn, a co-ordinator at a foundation that donated the Starlink […]
The tech IPO market is facing its worst drought in nearly 20 years amid global economic uncertainty, wars, and looming recession in Europe and the United States. So far this year, only 14 tech companies have floated their shares on stock exchanges […]
