November 13, 2024
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Startup Spotlight


Startup Spotlight profiles emerging tech startup companies around the world. Do you run a standout startup? Email us at Info@techstartups.com

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IBM to buy cloud software provider HashiCorp in a $6.4 billion deal
Nickie Louise Posted On April 25, 2024


In a strategic move to expand into the cloud, International Business Machines Corp (IBM) has announced its acquisition of HashiCorp Inc. for a hefty $6.4 billion enterprise value. This acquisition not only expands IBM’s cloud-based software offerings but also positions […]


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Brazilian fintech startup Vixtra secures $36M in funding to support small business importers in Latin America
Nickie Louise Posted On April 24, 2024


Vixtra, the Brazilian fintech startup shaking up the import industry by allowing importers to use their cargo as collateral, announced today it has raised a total of $36 million in funding to support Brazilian importers across Latin America. This injection […]


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Fintech startup Klarna secures major payment partnership with Uber ahead of highly anticipated IPO
Daniel Levi Posted On April 24, 2024


In a move set to redefine the landscape of digital transactions, Klarna has sealed a game-changing global partnership with ride-hailing behemoth Uber. The Swedish fintech giant disclosed that this collaboration will empower seamless payments across both Uber and Uber Eats […]


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Jack Dorsey’s payment company Block is building its own Bitcoin mining system
Nickie Louise Posted On April 24, 2024


In a move to address the challenges facing Bitcoin mining operators, Jack Dorsey, the founder of Block (formerly Square), announced on Tuesday the expansion of his payments company’s mining efforts. Block is now venturing beyond designing chips to building a […]


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Microsoft launches Phi-3-mini, a small AI model that outperforms larger rivals like Mixtral 8x7B and GPT-3.5
Nickie Louise Posted On April 24, 2024


In the ever-intensifying competition of generative AI, Microsoft on Tuesday announced the launch of Phi-3 mini, a fresh lineup of compact language models (SLMs) that outshine their larger counterparts, setting new standards for smaller-scale AI models. The Phi-3 model range […]


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Is Reddit Safe? Edward Snowden calls on users to boycott Reddit after new ID requirement; “Don’t ever use Reddit again”
Daniel Levi Posted On April 23, 2024


In a recent digital uproar, former NSA whistleblower Edward Snowden has thrown down the gauntlet against Reddit, urging users to stage a mass exodus from the platform. The catalyst for Snowden’s call to action? Reddit’s implementation of limited ID verification […]


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852 Views


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Walmart-backed fintech startup One launches ‘Buy Now, Pay Later’ loans for big-ticket items
Nickie Louise Posted On April 23, 2024


In a bid to assist struggling American consumers, Walmart’s majority-owned fintech startup One is diving into the bustling Buy Now, Pay Later (BNPL) market. The move comes as the company gears up to expand its lending services amidst the economic […]


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London-based AI recycling startup Sorted raises £1.65M in funding to solve material sorting gap
Nickie Louise Posted On April 23, 2024


Amidst growing global concerns over environmental sustainability, London-based recycling tech startup Sorted has emerged as a beacon of hope to combat the global waste crisis. Sorted announced today it has secured £1.65 million in seed funding to lead the charge […]


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SoftBank makes a $1 billion bet on AI, teams up with Nvidia for chips
Nickie Louise Posted On April 23, 2024


Japanese tech titan SoftBank is stepping up its game to fuel Japan’s AI race. According to a Nikkei report, the company is set to invest nearly $1 billion in the next two years to develop a “world-class” Japanese-specific generative AI […]


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570 Views


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Sam Altman: OpenAI is “going to steamroll you” if your startup is a wrapper on GPT-4
Daniel Levi Posted On April 22, 2024


In the world of tech startups, there’s a timeless adage: don’t build your business on someone else’s turf. It’s a lesson many startup founders are learning the hard way in today’s rapidly evolving AI landscape. About a year ago, we wrote […]


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Tesla fired an employee 6 months after relocating across the country
Daniel Levi Posted On April 22, 2024


It’s been a week since Tesla announced the layoff of over 10 percent of its global workforce. However, as the dust settles, we’re beginning to learn about the plight of one former Tesla employee, who, after uprooting their life and […]


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509 Views


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Top 100 U.S. companies with more than $2 billion in annual revenue from China
Nickie Louise Posted On April 22, 2024


The simmering trade war between the U.S. and China takes a surprising turn with a new report from the Wall Street Journal. It reveals over 600 American corporations, each boasting annual revenues exceeding a whopping $2 billion, are heavily invested […]


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Helsinki-based tech startup HappySignals raises €12M to make IT decisions more human-centric with AI
Daniel Levi Posted On April 22, 2024


HappySignals, a Helsinki-based SaaS startup specializing in IT Experience Management, has raised a massive €12 million funding round. The investment was led by Mandatum Asset Management, with participation from existing backers Nauta and Vendep Capital. HappySignals will use the new […]


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490 Views


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Drone delivery startup Zipline reaches 1 million deliveries, eyes restaurant expansion
Nickie Louise Posted On April 22, 2024


It’s been a remarkable two years since our last update on the autonomous delivery drone startup Zipline. Back then, Zipline was using drones to transport life-saving supplies like blood and vaccines to isolated African villages at the height of the […]


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Sam Altman invests $20 million in clean energy startup Exowatt to meet energy demands of AI data centers
Nickie Louise Posted On April 22, 2024


In a strategic move towards a sustainable future for artificial intelligence (AI) infrastructure, OpenAI CEO Sam Altman, alongside venture capital heavyweight Andreessen Horowitz, is backing a $20 million investment in clean energy startup Exowatt, according to a report from The […]


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You can now buy and sell USDt on TON with Ramp Network
Nickie Louise Posted On April 19, 2024


In a move set to shake up the cryptocurrency landscape, Ramp Network (Ramp) has just announced the ability for users to buy and sell USDt on the TON network. This bold step, unveiled on Friday, underscores Ramp Network’s position as […]


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648 Views


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Meta launches Meta.AI to compete with ChatGPT
Nickie Louise Posted On April 19, 2024


Meta has just unveiled Meta.AI, an AI assistant powered by its state-of-the-art Llama 3 technology. This launch is widely interpreted as a direct challenge to the dominance of OpenAI’s ChatGPT, signaling a shift towards a higher standard for AI-mediated communication. […]


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582 Views


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Chinese scientists claim breakthrough in detecting F-22 stealth jets: Is F-22 stealth threatened?
Daniel Levi Posted On April 18, 2024


The F-22 Raptor has long been hailed as a symbol of American engineering prowess, reigning supreme in the skies with its sleek and stealthy design. However, a recent breakthrough by Chinese scientists threatens to challenge its dominance. According to a […]


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Meta launches its Llama 3 open-source LLM on Amazon AWS
Daniel Levi Posted On April 18, 2024


Following the successful launch of ‘Code Llama 70B’ in January, Meta has now released the latest iteration of its open-source LLM powerhouse Llama 3 on the infrastructure of Amazon AWS. In an email to TechStartups, Amazon revealed that “Meta Llama […]


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Latvian fintech startup inGain raises EUR 650K in funding to revolutionize lending with no-code SaaS platform
Daniel Levi Posted On April 18, 2024


Latvian fintech startup inGain announced on Thursday it secured EUR 650,000 in funding from a consortium of investors including venture capital firms Trind VC and Fiedler Capital, as well as support from the Latvian Business Angels network and various individual […]


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