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Disgraced Theranos founder Elizabeth Holmes is set to report to prison today to begin her 11-year sentence
Daniel Levi Posted On May 30, 2023


The disgraced Theranos founder turned convicted fraudster Elizabeth Holmes is set to report to prison today to begin her 11-year sentence. Holmes, now 39, will say goodbye to her freedom and her luxurious estate, which costs $13,000 a month, as […]


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Plant-based food startup Neat Burger lands $18 million in Series B funding to expand its global reach
Nickie Louise Posted On May 30, 2023


The growing concerns surrounding climate change and carbon emissions have spurred the need to transition from traditional animal-based meats to plant-based alternatives that are sustainable and more environmentally friendly. With the world’s population projected to hit 10 billion people by […]


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Top 25 most popular websites in the world 2023; OpenAI surpasses Microsoft Bing
Daniel Levi Posted On May 29, 2023


The number of internet users is constantly growing. As the internet evolves, so do the tools we use to share information. As of April 2023, there were 5.18 billion internet users in the world, or approximately 63% of the global […]


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‘Everyone is a programmer’ with generative A.I., Nvidia CEO says
Nickie Louise Posted On May 29, 2023


The advancement in the field of generative artificial intelligence (AI) has revolutionized the way we interact with computers, thanks in part to tools like ChatGPT. Nvidia CEO Jensen Huang said on Monday that the era of artificial intelligence has opened […]


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Nvidia nears becoming a member of the exclusive trillion-dollar club of Alphabet, Amazon, Apple, and Microsoft
Nickie Louise Posted On May 26, 2023


While the exclusive trillion-dollar tech club has been shrinking over the past years due to the ongoing economic slowdown sparked by geo-political risks and high-interest rates, the club is about to welcome its new member: Nvidia. In a remarkable surge […]


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World Mobile launches commercial telecom network in Zanzibar to bridge the digital divide in Africa
Nickie Louise Posted On May 26, 2023


World Mobile, a mobile network that has been instrumental in narrowing the digital divide in Africa, today announced the successful launch of its commercial telecom network in Zanzibar. This network is not only providing accessible mobile data services to those […]


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HubSpot co-founder Dharmesh Shah bought Chat.com for over $10 million and sold it for a profit 2 months later; to donate part of the profit to KhanAcademy
Nickie Louise Posted On May 25, 2023


HubSpot co-founder and CTO Dharmesh Shah made headlines back in March when he purchased the domain name chat.com for over $10 million. At the time, many called it a strategic move for the future after he acquired the domain Connect.com […]


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OpenAI’s Sam Altman raises $115M for Worldcoin, a startup that scans people’s eyes in exchange for free cryptocurrency
Nickie Louise Posted On May 25, 2023


OpenAI founder and CEO Sam Altman has raised $115 million in a Series C funding round for Worldcoin, a startup he co-founded with theoretical physics student Alex Blania and Max Novendstern, a former investment associate at Bridgewater Associates. The round […]


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Virgin falls out of Orbit, shuts down following liquidation sale
Daniel Levi Posted On May 25, 2023


Branson, we have a problem. Richard Branson’s Virgin Orbit is finally shutting down after six years of operations. In an announcement yesterday, the bankrupt Virgin Orbit announced it was shutting down after the liquidation of most of its assets. Stratolaunch and […]


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Singapore-based BandLab raises $25M at $415 million valuation for its social music creation platform
Daniel Levi Posted On May 24, 2023


BandLab Technologies, the parent company of the Singapore-based social music creation platform BandLab, has raised $25 million in Series B1 funding that pushes the company’s post-money valuation to $425 million. Led by returning investor Cercano Management (formerly Vulcan Capital) with […]


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AI startup Figure raises $70M to build autonomous humanoid robots; now valued at $400 million
Nickie Louise Posted On May 24, 2023


Figure, an AI Robotics startup building general-purpose humanoid robots, has raised $70 million in Series A funding to accelerate the development and accelerate the development and manufacturing of the first-of-its-kind AI autonomous humanoid called Figure 01. The round was led […]


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Israeli cybersecurity startup Memcyco secures $10M to protect brands and businesses from brandjacking fraud
Nickie Louise Posted On May 24, 2023


Cybercrime is on the rise, with attacks becoming increasingly common and sophisticated with damages predicted to reach $10.5 trillion annually by 2025. To date, ordinary internet users who browse websites and communicate online are becoming victims of traps and scams, […]


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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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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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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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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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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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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 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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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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