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 […]
JPMorgan Chase CEO Jamie Dimon is calling on the government to implement a cryptocurrency ban. Dimon made waves on Capitol Hill during his testimony before the U.S. Congress on Wednesday, suggesting that cryptocurrencies should be shut down and banned. Dimon, […]
Japan’s SoftBank is looking to sell a 1.1% stake in the Indian food delivery platform Zomato. The block deal is valued at 11.28 billion rupees ($135.36 million), according to a report from CNBC-TV18 on Thursday, citing sources familiar with the […]
Most companies, especially in the automotive industry, typically keep their technological advancements as closely guarded secrets. However, Tesla stands out from the crowd. In a surprising move that has caused ripples in the electric vehicle (EV) sector, Tesla is now […]
Blockchain technology has advanced significantly in recent years, showing great promise. But despite impressive progress, blockchain technology still faces some technical challenges. One notable issue is scalability. To tackle this, one proposed solution is the traditional rollup approach. In this […]
Anatoly Legkodymov, co-founder of the seized crypto exchange Bitzlato, is expected to plead guilty in a U.S. court on Wednesday, after facing charges of allegedly processing millions of dollars in money laundering schemes. If convicted, Legkodymov could face a maximum […]
OpenView, a venture capital firm based in Boston known for supporting enterprise software companies like Calendly and Expensify, “abruptly winds down” operations amid challenging pressure on venture capital firms to generate returns on investors’ investment in an era of higher […]
After several months of playing catch-up, Google has officially unveiled Gemini, its latest and most powerful AI model, claiming superiority over OpenAI’s GPT-3.5. The announcement follows a report by The Information suggesting a potential delay in the full launch until […]
University spin-out Science Creates has received new funding boost to ignite deep tech innovation and pave the way for the UK’s leading role in the fourth industrial revolution. Science Creates announced on Wednesday it has secured £8.5 million in funding […]
There’s been a significant increase in the number of cyberattacks in recent years. According to a report from Check Point Research, global cyberattacks increased by 38% in 2022, compared to 2021. The growing cyber threats have also led to an […]
Elon Musk’s AI startup company, xAI, is looking to raise up to $1 billion in an equity offering, according to a recent filing with the Securities and Exchange Commission (SEC). The filing on Tuesday revealed that the company has secured […]
