November 30, 2024
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Tesla fires 500 workers in its Supercharger team: “Everyone is in complete shock”
Nickie Louise Posted On May 1, 2024


In a startling move, Tesla has laid off 500 employees from its Supercharger division, raising concerns about the company’s charging strategy amidst calls for further expansion from EV enthusiasts. The fallout was swift, with Tesla shares plummeting nearly 6% on […]


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Novo Nordisk parent to invest $200 million in quantum computing startups
Nickie Louise Posted On May 1, 2024


In a move signaling a significant leap for life sciences, Novo Holdings, the parent company of Danish pharmaceutical giant Novo Nordisk, has announced a multi-million investment in quantum computing. Novo Holdings announced on Wednesday it planned to invest around $200 […]


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Binance founder CZ sentenced to 4 months in prison for money laundering
Nickie Louise Posted On April 30, 2024


Binance founder and former CEO Changpeng Zhao, commonly known as “CZ,” was sentenced to a four-month jail term by a Seattle federal court on Tuesday, according to a report from The Wall Street Journal. This verdict, lighter than what prosecutors […]


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X10, a crypto exchange startup founded by Ex-Revolut alumni, launches with $6.5M in funding
Nickie Louise Posted On April 30, 2024


X10, a hybrid crypto exchange founded by a former Revolut executive, has emerged from stealth today with $6.5 million in funding. This funding round saw significant backing from both major players in the crypto space and traditional investors, including Tioga […]


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AWS launches Amazon Q, a generative AI assistant for accelerating software development & leveraging companies’ data
Nickie Louise Posted On April 30, 2024


Amazon Web Services (AWS) today announced the launch of Amazon Q, an advanced generative artificial intelligence (AI) assistant designed to supercharge software development and harness internal company data. The launch comes about two weeks after Meta released the latest iteration […]


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Robotics AI startup Skild is reportedly raising $300 million at a $1.5 billion valuation
Nickie Louise Posted On April 30, 2024


As artificial intelligence continues to gain mainstream momentum, startups are emerging as key players, and among them, Skild is making waves with its ambitious mission. According to a report from The Information, robotics AI startup Skild is on the cusp of […]


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Elon Musk lays off Tesla senior executives in fresh job cuts and plans to lay off hundreds more employees, Report
Nickie Louise Posted On April 30, 2024


Tesla CEO Elon Musk has fired two senior executives and announced plans for significant layoffs. The decision, reportedly influenced by declining sales and dissatisfaction with the pace of previous job cuts, signals a shift in strategy for the electric vehicle […]


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Mysterious ‘gpt2-chatbot’ launched. Could this be a stealth test of OpenAI GPT 4.5?
Daniel Levi Posted On April 30, 2024


In the AI world, OpenAI is known for its secretive projects. But when a mysterious chatbot dubbed ‘gpt2-chatbot‘ suddenly emerged online, it sparked a flurry of questions: Could this be a covert trial run for OpenAI’s highly anticipated GPT 4.5? […]


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Paris-based SES buys Intelsat for $3.1 billion as European satellite companies consolidate
Nickie Louise Posted On April 30, 2024


Paris-based satellite giant SES has struck a deal to acquire Intelsat Holdings for $3.1 billion in debt, a move poised to catapult the combined company into a major European player in the space industry. However, the merger has stirred some […]


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The Trend of Micro SaaS Products & How they are Influencing Startup Culture
Daniel Levi Posted On April 30, 2024


Micro SaaS products are becoming popular day by day. It is a rapidly growing market that’s been picking up the gears lately. Not to mention, the global Micro SaaS market is predicted to surpass $800 Billion by 2030. This growth […]


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Tesla soars after Elon Musk wins approval for full self-driving (FSD) rollout in China; stock pops 16%
Daniel Levi Posted On April 29, 2024


In a positive turn of events for Tesla, Elon Musk’s surprise visit to China over the weekend seems to have paid off big time for the electric car giant. Tesla’s stocks surged by more than 16% at the beginning of […]


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General Catalyst closes $6 billion fund to invest in tech startups
Nickie Louise Posted On April 29, 2024


In a promising sign that the venture capital drought is coming to an end, General Catalyst, the influential Silicon Valley VC firm known for backing hits like Stripe and Snap, has closed nearly $6 billion fund to invest in technology […]


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AI startup Blaize raises $106 million in funding from Mercedes-Benz, Temasek, and others
Nickie Louise Posted On April 29, 2024


AI computing startup Blaize announced on Monday it has raised $106 million in funding to usher in a new era of edge computing. This funding round saw contributions from familiar backers like Mercedes-Benz and Temasek, along with support from existing […]


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Swedish tech startup X Shore raises $9.2 million for its fully electric boats
Nickie Louise Posted On April 29, 2024


Stockholm-based electric boat tech startup X Shore announced on Monday it has secured SEK 100M (approximately $9.2 million) in funding to advance its 100% electric boats. The funding round was backed by existing major shareholders including company founder Konrad Bergström. Similar […]


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Stripe reenters the crypto payments market with USDC stablecoin
Nickie Louise Posted On April 26, 2024


Fintech startup Stripe is getting back into cryptocurrency after a six-year break. But this time, they’re focusing on stability. Instead of the wild fluctuations of Bitcoin, the fintech giant is turning to USDC a stablecoin tied to the US dollar, […]


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US private equity firm Thoma Bravo to acquire UK cybersecurity company Darktrace for $5.3 billion in cash
Nickie Louise Posted On April 26, 2024


Thoma Bravo, a US private equity firm known for its aggressive acquisitions, has made another big move in the market. Today, they announced their agreement to purchase UK cybersecurity company Darktrace for $5.32 billion in cash. Thoma Bravo aims to […]


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Your brain after sitting down for 20 minutes vs walking for 20 minutes, research findings will shock you
Daniel Levi Posted On April 25, 2024


Millions are literally sitting themselves to death. A new wave of research is highlighting the dangers of a sedentary lifestyle, placing extended periods of sitting – think TV marathons or long office hours – among the leading culprits behind a […]


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Nvidia-backed AI startup Synthesia unveils AI avatars that conveys human emotions using user’s text inputs
Nickie Louise Posted On April 25, 2024


Are you ready to step into the world of emotional AI? Synthesia, an AI startup backed by Nvidia, has just rolled out new emotion-reading AI avatars that are sure to make waves. These avatars, dubbed “Expressive Avatars,” are designed to […]


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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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