Danish fintech startup Pleo has just announced the appointment of Soren Westh Lonning as its new chief financial officer, the $4.7 billion European fintech firm told CNBC in an exclusive interview on Wednesday. The move is seen as a strategic […]
In the past, developing hardware products used to be a lengthy process involving years of research and development. However, in today’s fast-paced tech landscape, companies can’t afford to spend that much time, as by the time they launch, the technology […]
Tesla is pushing software updates to nearly every Tesla car sold in the United States to address a defect in the company’s Autopilot system, making it the largest-ever in Tesla history Tesla is rolling out software updates for almost every […]
Did Meta break the law? Authors are claiming that the company used their books without permission. According to a recent filing in a copyright infringement lawsuit, Meta Platforms, the parent company of Facebook and Instagram, allegedly ignored legal warnings about […]
China has achieved a major chip breakthrough after two years of setbacks. Reports from multiple sources found that Semiconductor Manufacturing International Corporation (SMIC) is now capable of producing 5nm semiconductors. According to the report, Semiconductor Manufacturing International Corporation (SMIC) has […]
TikTok just hit a major milestone by becoming the first non-game mobile app to rake in over $10 billion in consumer spending across both the Apple App Store and Google Play, according to a recent report by the app analytics […]
Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds […]
Epic Games scored a major victory on Monday three years after suing Apple and Google over claims of running monopolistic app stores. In the latest Epic v. Google case, a federal court jury ruled in favor of Epic, declaring Google’s […]
Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. […]
SmileDirectClub has become the latest casualty in what some are calling a startup Mass Extinction Event. The telehealth company, which aimed to revolutionize traditional orthodontics, announced on Friday that it was shutting down operations, just three months after filing for […]
London-based payments startup SumUp announced on Monday that it secured 285 million euros (approximately $306.6 million) in new funding. The funding round was led by Sixth Street Growth, the growth arm of global investment firm Sixth Street, and saw participation […]
TikTok is gearing up for a comeback in the Indonesian e-commerce scene with a $1.5 billion investment in Indonesia’s biggest e-commerce platform Tokopedia. TikTok, owned by China’s ByteDance, announced on Monday that it will spend $840 million to acquire a […]
French open-source AI startup Mistral AI said on Monday it had raised 385 million euros (about $415 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. The funding comes less than […]
If you’ve been using Google Search lately, you might have noticed that it’s been showing a preference for Reddit in its search results, even going so far as to append “Reddit” in the search keywords. That’s not all. Google recently […]
On Wednesday, Google surprised everyone by launching Gemini, its largest and most powerful AI model to date. However, there’s a twist in the story as The Information’s report hinted at a potential delay in the full launch until 2024. It […]
More than 10 million people signed up for X (formerly Twitter) so far in December, X CEO Linda Yaccarino said in a post on the social media platform on Thursday. This equates to an impressive average of 61,000 signups per […]
Since the launch of ChatGPT a year ago, generative AI has captivated our imaginations, showcasing its prowess in art, music, and code creation. Yet, amidst this fascination, a deeper evolution is looming: Cognitive AI. This emerging field seeks to surpass […]
Embarking on the entrepreneurial journey is exhilarating, but startups face numerous challenges. From crafting a solid business plan to assembling a skilled team and implementing targeted marketing, each step is critical. Yet, securing funding often emerges as the linchpin for […]
Rhythms, a new AI startup founded by Vetri Vellore who previously sold his company to Microsoft, has emerged from stealth mode with $26 million in seed funding. The round was co-led by Greenoaks and Madrona with participation from Accel, and […]
While artificial intelligence grabs all the attention in the news, there’s another sector quietly making waves, and it’s not getting the recognition it deserves, despite nearing $1 trillion in spending. According to recent research by Statista indicates that global spending on the […]
