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JPMorgan to invest over $200 million in emerging carbon removal technologies
Nickie Louise Posted On May 23, 2023


As part of its effort to further accelerate its operational sustainability goals, JPMorgan Chase joined a group of tech companies including Autodesk, H&M Group, and Workday in buying $1 billion worth of carbon dioxide removal. At the time, the five […]


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Layoff  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Alibaba to lay off 7% of workforce in its cloud division ahead of the unit IPO
Daniel Levi Posted On May 23, 2023


Chinese tech giant Alibaba becomes the latest in a string of tech companies announcing layoffs in the month of May. Alibaba said today it is cutting 7% of the workforce in its cloud computing unit. The move comes as the […]


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Artificial Intelligence  / Emerging Technology  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
OpenAI rival Anthropic raises $450 million in funding with backing from Google to take on ChatGPT
Nickie Louise Posted On May 23, 2023


Despite a dramatic decline in startup funding since early 2022, generative AI startups continue to secure significant investments from deep-pocket investors. The most recent example is Anthropic, an OpenAI rival backed by Alphabet. Today, Anthropic announced today it has closed […]


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Artificial Intelligence  / Emerging Technology  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Sequoia India-backed AI startup Gan.ai raises $5.25M in funding for its AI-powered video platform
Nickie Louise Posted On May 23, 2023


The rise of ChatGPT has sparked a rapid surge in the mainstream adoption of generative artificial intelligence (AI) across industries. Since its launch late last year, many companies began to capitalize on its growing popularity and incorporate AI into their […]


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Acquisition  / Featured  / Social Media  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Facebook’s Meta sells Giphy to Shutterstock for $53 million, just 3 years after acquiring it for $400 million
Nickie Louise Posted On May 23, 2023


Facebook’s parent company Meta has sold Giphy to Shutterstock as part of the company’s effort to comply with a UK regulator’s order, Reuters reported. In an announcement on Tuesday, Shutterstock said it has reached an agreement to buy the popular […]


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Blockchain  / Launch  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Privacy blockchain startup Namada proposes airdrop in a partnership with Osmosis ahead of its mainet launch
Daniel Levi Posted On May 22, 2023


Namada, builders of an L1 blockchain multi-chain privacy, is looking to partner with Osmosis as it prepares for the launch of its mainnet. As part of the partnership, Namada aims to reach a range of technology and token deals, including […]


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FinTech  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Fintech firm Wise’s CFO resigns just days after CEO announced a 4-month sabbatical leave
Nickie Louise Posted On May 22, 2023


UK-based fintech giant Wise’s Chief Financial Officer (CFO) Matt Briers has resigned from the company, CNBC reported. Wise announced on Monday that Briers, who joined the money transfer firm in 2015, is leaving the company next year. Shares of Wise […]


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NFT  / Startup Spotlight  / Startups  / Tech Startups  / Technology News
Sotheby’s sells bankrupt crypto firm Three Arrows Capital’s NFT collection for nearly $2.5 million at auction
Nickie Louise Posted On May 22, 2023


Sotheby’s, the world’s largest auction house for art and luxury items, announced on Friday that it has sold seven non-fungible tokens (NFTs) from bankrupt cryptocurrency hedge fund Three Arrows Capital for about $2.5 million. Among the tokens sold, “Fidenza #725” received […]


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FinTech  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
India’s most valuable fintech startup PhonePe raises another $100M, pushes its total funding to $850M
Nickie Louise Posted On May 22, 2023


India’s leading fintech startup PhonePe has secured an additional $100 million in funding from General Atlantic, pushing the tally to $850 million in an ongoing financing round. This investment marks the fifth consecutive fundraise for PhonePe in the current year. […]


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Bitcoin  / Cryptocurrency  / Ethereum  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Crypto hunter uncovers $500,000 Bitcoin stash hidden by spouse during a divorce proceeding
Daniel Levi Posted On May 22, 2023


While cryptocurrency is often touted for its anonymity, unfortunately, it is not completely anonymous as most people believe. While crypto transactions are pseudonymous, meaning they are not directly linked to a person’s identity, the underlying blockchain technology behind cryptocurrencies can […]


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Featured  / Privacy  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Facebook’s Meta fined a record $1.3 billion for transferring EU users’ data to the US
Nickie Louise Posted On May 22, 2023


Meta, the parent company of Facebook, has received a historic fine of 1.2 billion euros ($1.3 billion) from the European Union privacy regulator. This decision was made by the Data Protection Commissioner (DPC) in Ireland, giving Meta a five-month deadline […]


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Featured  / Space  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Jeff Bezos’ Blue Origin wins NASA contract to build astronaut lunar lander
Nickie Louise Posted On May 19, 2023


Jeff Bezos’ space company, Blue Origin, has won the highly-coveted NASA contract to build a spacecraft that will send astronauts to and from the moon’s surface. In an announcement on Friday, NASA’s chief said that a team led by Blue […]


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E-Commerce  / Startups  / Tech Startup News  / Tech Startups  / Technology News
From Shopify to global enterprise: The 5 biggest companies that began as a Shopify dropshipping store
Nickie Louise Posted On May 19, 2023


In today’s world, the opportunities to embark on a path of entrepreneurial success are boundless. When it comes to lucrative ventures, e-commerce, and drop shipping reign supreme, thanks to the remarkable growth of platforms like Shopify. These websites have revolutionized the […]


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Electric Car  / Electric Vehicles  / Energy  / Environment  / Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Chinese EV maker Nio invests $142 million in nuclear fusion startup Neo Fusion
Nickie Louise Posted On May 19, 2023


Despite billions of dollars being poured into generative AI startups following the recent success of ChatGPT, investors are slowly warming up to nuclear fusion startups as the technology shows increasing promise. Last week, we wrote about Helion after Microsoft agreed […]


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Electric Car  / Electric Vehicles  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
George Soros lost millions in his investment in electric truck startup Rivian; reduces stake after 90% drop from peak
Daniel Levi Posted On May 18, 2023


Early last year, we wrote about Billionaire investor George Soros after he bought nearly 20 million shares of electric truck startup Rivian Automotive in December 2021. According to the SEC filings, Soros bought nearly 20 million (a total of 19,835,761) […]


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Featured  / Launch  / Startup Spotlight  / Tech Startup News  / Tech Startups  / Technology News
OpenAI launches ChatGPT app for iOS that accepts voice prompts, Android coming soon
Nickie Louise Posted On May 18, 2023


OpenAI, the company behind the ChatGPT chatbot, has launched a ChatGPT app for Apple’s iOS. In an announcement on Thursday, OpenAI s CTO Mira Murati said that an Android version is coming soon. The new iPhone app, which is the […]


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Featured  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
SoftBank to invest $150M in Black and Latino startups; rebrands its second fund to Open Opportunity Fund
Nickie Louise Posted On May 18, 2023


In June 2020 we wrote about SoftBank Group after the Japanese conglomerate launched a $100 million fund called the “Opportunity Growth Fund” to invest in Black and Latino-led startups. The fund was part of the firm’s effort to improve diversity […]


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Cybersecurity  / Hacking  / Privacy  / Security  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
“Qualcomm spies on smartphone users, sends personal data to Qualcomm,” German security firm Nitrokey warns
Daniel Levi Posted On May 18, 2023


“During our security research, we found that smartphones with Qualcomm chips secretly send personal data to Qualcomm.” In 2021, Edward Snowden, a former NSA whistleblower, issued a warning regarding national security. He said that “the greatest danger to national security […]


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Featured  / InsurTech  / Startup Funding  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
JPMorgan and Barclays back a $110M investment in German InsurTech startup Wefox at $4.5 billion valuation
Nickie Louise Posted On May 18, 2023


Wefox, a Berlin, Germany-based insure tech startup, has closed $110 million in a new round of funding from existing investors including JPMorgan and Barclays. In an announcement on Wednesday, Wefox said that $55 million of the total amount raised came […]


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Failed Startups  / Featured  / Startup Spotlight  / Startups  / Tech Startup News  / Tech Startups  / Technology News
Disgraced Theranos founder Elizabeth Holmes to arrive at prison on May 30 to begin her 11-year sentence
Nickie Louise Posted On May 18, 2023


Disgraced founder and former Theranos CEO Elizabeth Holmes is finally heading to prison after her unsuccessful attempt to avoid incarceration. The U.S. District Judge ruled that must report to prison on May 30. Holmes was convicted of running a years-long […]


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