November 12, 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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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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Addressable Outperforms Twitter (X) for Web3 Reach, Polkadot Case Study Shows
Nickie Louise Posted On May 29, 2024


Ever wondered how you can better reach Web3 users on X (formerly Twitter)? The secret to game-changing Web3 marketing has just been released by Polkadot, one of the largest blockchains, which recently reduced the costs of advertising on X by […]


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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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Google launches Fitbit Ace LTE, a new connected smartwatch that lets kids call, chat, and play
Nickie Louise Posted On May 29, 2024


As Google grapples with backlash from the hasty rollout of its AI Overview, the tech behemoth is forging ahead with notable advancements in the wearable tech sector. On Wednesday, Google debuted the Fitbit Ace LTE, a pioneering connected smartwatch designed […]


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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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Travel paytech startup Swiipr secures £6M in Series A funding to fix airline disruption payments
Daniel Levi Posted On May 28, 2024


Every year, millions of travelers worldwide face the frustration of flight disruptions, causing headaches for both passengers and airlines alike. These cause airlines to lose billions of dollars, resulting in customer dissatisfaction, reputation damage, and huge fines. It is 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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T-Mobile is buying US Cellular’s Wireless operations for $4.4 billion
Nickie Louise Posted On May 28, 2024


T-Mobile announced on Tuesday that it has reached an agreement to acquire all of United States Cellular’s wireless operations, including its customer base, retail stores, and 30% of its spectrum assets, in a transaction valued at $4.4 billion. Under the […]


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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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Glue in your pizza: Google’s AI Overview suggests adding glue to get cheese to stick to your pizza
Daniel Levi Posted On May 27, 2024


“Eat rocks” and “Add glue to your pizza,” are just a few of the outlandish health tips that Google’s new AI Overview feature has suggested to millions of users in recent days. This new search feature, designed to streamline 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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Elon Musk’s AI startup xAI closes in on $6B funding round backed by Andreessen Horowitz at $18 billion valuation
Nickie Louise Posted On May 24, 2024


Early this month, we reported that Elon Musk’s AI startup, x.AI was nearing a deal to raise a massive $6 billion in a new funding round that would catapult the company’s valuation to a staggering $18 billion. The story was […]


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Cronos zkEVM Testnet Gets Major Tethys Upgrade before the Mainnet Launch
Nickie Louise Posted On May 23, 2024


The blockchain landscape is about to witness a major transformation as Cronos unveiled a major upgrade to its zkEVM testnet with the release of Tethys this week. Tethys, a zero-knowledge (ZK) layer-2 blockchain secured by Ethereum, promises a faster, cheaper, and […]


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AI Pin Flop: Humane is reportedly seeking a buyer after spending $230 million on failed “smartphone killer”
Nickie Louise Posted On May 23, 2024


Humane, the AI startup behind the much-hyped AI Pin, is reportedly seeking a potential buyer, just a month after it launched its wearable device to less-than-glowing reviews, Bloomberg reported, citing people familiar with the matter. Despite its rocky debut, Bloomberg […]


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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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EU approves the world’s first major AI regulation; set to take effect in June
Nickie Louise Posted On May 22, 2024


In a historic move that’s set to reshape the global tech landscape, the European Union has approved the world’s first major law regulating artificial intelligence. The landmark legislation, known as the EU AI Act, was unanimously adopted by the 27 […]


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