Riot Games, a subsidiary of Tencent Holdings, recently announced its plan to reduce its global workforce by about 11%, affecting approximately 530 employees. The news was shared in a blog post on Monday, which included a letter to the employees […]
Riot Games, a subsidiary of Tencent Holdings, recently announced its plan to reduce its global workforce by about 11%, affecting approximately 530 employees. The news was shared in a blog post on Monday, which included a letter to the employees […]
Flexport, the struggling logistics startup that faced challenges and had to implement job cuts last year to reduce costs, has received a significant financial boost. Flexport announced it has secured $260 million in funding through uncapped convertible notes from the […]
French gaming company La Francaise des Jeux SA (FDJ) launched a takeover bid on Monday to buy the Swedish online gaming company Kindred Group. The deal is set to create a major player in the gambling industry, positioning FTD as […]
Marama Labs, a deep-tech startup based in New Zealand and Ireland, has raised €1.75 million in funding. The oversubscribed seed-plus round was led by European agritech investor The Yield Lab. The round also saw participation from existing investors including New […]
Preorders for Apple’s pricy Vision Pro headset began Thursday ahead of its U.S. release on Feb. 2. The virtual reality headset starts at $3,499, and buyers also have the option to pay in 12-month installments. Preorders are now open for […]
Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia […]
Sanjay Shah, the founder and CEO of Vistex, a software startup based in Illinois, tragically passed away last week after an incident during a company event, as reported by multiple sources. The distressing incident was captured on video and shared […]
Mark Zuckerberg announced on Thursday that Meta is planning to build its own artificial general intelligence (AGI) and release it as open-source (open AGI) software and make it freely available to the general public. “Our long-term vision is to build […]
Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. […]
TrusTrace, a Stockholm-based SaaS startup and provider of product traceability and compliance, has secured $24 million in growth funding. The funding round was led by Circularity Capital, a specialist investor in businesses contributing to the circular economy, and saw participation […]
The world’s largest automotive supplier Bosch is planning to cut around 1,200 jobs in the software division by the end of 2026, 950 of them in Germany, the company confirmed in a statement with Italian Handelsblatt Daily on Thursday. The […]
Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and […]
Barclays, the British multinational universal bank, has relaunched its Cambridge Eagle Lab with a fresh emphasis on supporting high-growth climate tech startups in connecting, growing, and scaling, the bank announced on Thursday. The revamped space offers dedicated pre-seed and bridge […]
AI robotics startup Figure announced on Thursday it signed a partnership with BMW Manufacturing to deploy its humanoid robots at BMW’s facility in the U.S. The move reflects a growing trend among companies to utilize human-like robots for specific physical […]
Reddit, the widely popular online forum celebrated for its lively communities and meme-driven culture, is gearing up for a major milestone: an impending initial public offering (IPO) potentially scheduled for as early as March 2024. This move has the potential […]
Uber is finally moving away from the alcohol delivery business, concluding its billion-dollar experiment with Drizly. The ride-hailing giant announced its decision to close down the Drizly platform by March, according to an exclusive report from Axios. Having acquired Drizly […]
Say goodbye to traditional product descriptions. Amazon is shaking things up by introducing an AI-powered tool to help shoppers get AI-powered answers to products on its website. The tech giant announced on Tuesday that it is rolling out an artificial […]
TuSimple Holdings has decided to delist from the Nasdaq and end its registration with the U.S. securities regulator. This move has led to a 40% decrease in the autonomous driving technology company’s shares during premarket trading. The news comes just […]
Quantinuum, a Honeywell’s quantum computing spin-off, has raised $300 million in new funding led by Wall Street giant JP Morgan. Honeywell International announced on Tuesday that Quantinuum closed a $300 million equity funding round at a $5 billion pre-money valuation The […]
Chip design software company Synopsys announced on Tuesday that it plans to acquire Ansys in a $35 billion cash-and-stock deal, marking a significant development in the engineering software industry. This move follows Synopsys co-founder Aart de Geus handing over the […]