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Lucid loses $338,000 for every electric vehicle sold as price war with Tesla heats up
Daniel Levi Posted On October 6, 2023


“Lucid may burn $338,000 per vehicle in EBITDA this year, an increase from $325,000 just months ago, demonstrating how its unsustainable business model requires significant scaling and additional funding — likely before 2025.” Luxury EV maker Lucid is in big […]


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Amazon launches its first Kuiper Internet Network test satellites into space as it aims to take on SpaceX’s Starlink
Nickie Louise Posted On October 6, 2023


Amazon successfully launched the first pair of its prototype satellites into space for its planned Kuiper internet network on Friday from Florida. The launch marks a pivotal step in the company’s ambitious Kuiper internet network project to send thousands more […]


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Peak Energy launches from stealth with $10M in funding to mass-produce giant batteries to store solar and wind energy
Nickie Louise Posted On October 6, 2023


Peak Energy, a clean energy storage startup founded by veterans from Tesla and Northvolt, has launched from stealth mode with $10 million in funding to mass-produce giant sodium-ion batteries to store solar and wind energy and accelerate the renewable energy […]


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Microsoft unveils its next generation of OneDrive with AI Copilot that intrudes on your files
Daniel Levi Posted On October 5, 2023


Microsoft has unveiled its next generation of OneDrive as part of its effort to bring Copilot to the cloud storage service. The update was a major overhaul since OneDrive first launched as a cloud storage provider a few years ago. Microsoft […]


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Trinetix expands to Latin America with a new $10M in funding led by Ukrainian investment fund Hypra
Daniel Levi Posted On October 5, 2023


Trinetix, a Nashville-based software tech startup, has closed $10 million in funding to expand into the Latin American market. The funding round was led by the Ukrainian investment fund Hypra. The timing of this investment couldn’t be better, as it […]


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General Atlantic is exploring the sale of payments software vendor EngageSmart, just 2 years after IPO
Daniel Levi Posted On October 5, 2023


Private equity firm General Atlantic LLC is currently exploring options for the sale of EngageSmart, a payments software vendor with a market value of $3.2 billion, according to an exclusive report from Reuters. The news of the potential sale comes […]


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Defense tech startup Mach Industries raises $79M in Series A funding at $335 million valuation
Daniel Levi Posted On October 5, 2023


In the midst of the ongoing Ukraine war, major U.S. defense contractors such as Lockheed Martin, Northrop Grumman, and Raytheon Technologies continue to rake in billions in windfall profits. Now, one tech startup is jumping into the fray to cash […]


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Robotics startup Doosan Robotics pops 127% in trading debut, making it South Korea’s largest IPO of 2023
Nickie Louise Posted On October 5, 2023


South Korean robotics startup Doosan Robotics finally made its debut on the Seoul stock exchange on Thursday. The company’s shares more than doubled their initial public offering (IPO) price, driven by the surging demand for robotics stocks. This momentous market […]


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Apple fixes iPhone 15 overheating issues with the release of a new iOS 17.0.3 update
Daniel Levi Posted On October 4, 2023


After a few days of waiting, Apple has finally released a new iOS 17 software update to solve the iPhone 15 overheating problems. In a post on its website, the iPhone maker announced today that the new iOS 17.0.3 “provides […]


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Rainforest secures $8.5M in funding to help software companies embed payments into their platforms
Nickie Louise Posted On October 4, 2023


The influence of fintech extends throughout all facets of businesses, becoming an integral part of company operations. Nevertheless, the intricate web of government regulations and compliance often poses challenges when it comes to seamlessly incorporating payment into the existing organizational […]


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Danish AI startup Responsibly raises $2.4 million in funding to expand access to sustainable procurement
Nickie Louise Posted On October 4, 2023


Responsibly, a Danish AI startup has secured $2.4 million in seed funding to invest in its proprietary AI engine to achieve its mission to democratize access to sustainable procurement. The round was led by prominent venture capital firms Hambro Perks […]


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Amazon used secret algorithm codenamed ‘Project Nessie’ to raise prices, WSJ reports
Daniel Levi Posted On October 4, 2023


Amazon used a secret algorithm to test how high it could raise prices in a manner designed to encourage competitors to do the same. Additionally, the algorithm sought to determine the threshold at which Amazon could raise prices before its […]


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Top 100 Fintech Startups and Companies to Watch in 2023
Nickie Louise Posted On October 3, 2023


At the beginning of this year, we wrote a piece about the 100 fastest-growing fintech startups to reach a $1 billion valuation, the fastest. We’re now in the last quarter of the year, and a lot changed since then. In […]


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WeWork skips $95M in interest payments just 2 months after the co-working startup warned of possible bankruptcy
Nickie Louise Posted On October 3, 2023


WeWork has skipped interest payments of $95 million that were due on five of its bonds on Monday. As a result, the company has “entered into the 30-day grace period” before a potential default. Shares of WeWork fell by 25% […]


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PerfectScale raises $7.1M in funding to help companies optimize their Kubernetes deployments
Nickie Louise Posted On October 3, 2023


PerfectScale, a North Carolina-based tech startup that helps companies optimize and scale their Kubernetes deployments, has closed $7.1 million in seed funding to grow its team and scale its platform. This round was led by Blumberg Capital, with participation from […]


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Meta plans to charge European users about $17 per month for ad-free subscription to Instagram and Facebook
Nickie Louise Posted On October 3, 2023


Europeans could soon find themselves facing a monthly bill of $14 to access Facebook and Instagram unless they agree to see personalized ads, the Wall Street Journal (WSJ) reported. Additionally, Meta is considering introducing a monthly charge of $17 for […]


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Visa launches a $100 million venture fund to invest in generative AI startups
Nickie Louise Posted On October 3, 2023


Despite a funding drought affecting many startups, generative AI startups continue to ride the wave of the ChatGPT-led AI boom as investors pour billions into the space hoping to find the next big winner. The most recent heavyweight to step […]


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3D-Printed Steak: This Israeli startup is developing a 3D-printed lab-grown meat that’s already shipping around the world
Nickie Louise Posted On October 2, 2023


Welcome to the future of food! Imagine savoring a juicy steak that’s 3D-printed, all while contributing to the planet’s well-being. Yes, it’s now possible with 100% lab-grown beef, completely cultivated without a single cow. Over the years, we’ve covered the astounding […]


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Media.com relaunched as a reputation management platform with a $20 million investment
Nickie Louise Posted On October 2, 2023


Media.com has undergone a change in ownership. According to a report by Axios, Australian private equity company Kismet Group acquired the domain name Media.com with a vision to launch it as a reputation management platform. In an exclusive interview with […]


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AI could usher in a new era of 3.5-day work week for the next generation, JPMorgan CEO Jamie Dimon says
Nickie Louise Posted On October 2, 2023


In recent months, there has been a surge in the number of articles about how artificial intelligence (AI) could disrupt traditional employment and take away our jobs, partly fueled by the rise in popularity of ChatGPT. These articles raised concerns […]


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