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FDA approves Neuralink’s first-in-human clinical trial of brain-implant
Nickie Louise Posted On May 26, 2023


The US Food and Drug Administration (FDA) has given its approval to Elon Musk’s company Neuralink to start testing its brain implant on humans. In an announcement on Thursday, Neuralink said the FDA had given the green light to its […]


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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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3D printer maker Stratasys to merge with Desktop Metal in a $1.8 billion deal
Daniel Levi Posted On May 25, 2023


Industrial 3D printer manufacturer Stratasys Ltd announced on Thursday that it plans to merge with fellow industry player Desktop Metal Inc in an all-stock transaction valued at around $1.8 billion. The merger news follows Stratasys’ rejection of several acquisition proposals […]


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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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Facebook’s Meta starts its third-round of layoffs to eliminate 10,000 jobs
Daniel Levi Posted On May 24, 2023


Facebook parent company Meta has started its three-part round of layoffs. The latest round of layoffs, which follows a previous round in April, targets mostly employees of Meta’s business groups. The series of layoffs are part of a plan Meta […]


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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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How to mitigate the threats and negative impacts of artificial intelligence on intellectual property
Daniel Levi Posted On May 24, 2023


This is an op-ed from James Godefroy, Deputy Global Enforcement Head at Rouse Artificial Intelligence technologies are rapidly evolving – with recent developments such as autonomous vehicles, computer vision, and chatbots ever-increasingly influencing the business world. With AI’s wide-ranging accessibility, […]


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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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India’s most valuable fintech startup PhonePe raises another $100M, pushes its total funding to $850M
Nickie Louise Posted On May 22, 2023


India’s leading fintech startup PhonePe has secured an additional $100 million in funding from General Atlantic, pushing the tally to $850 million in an ongoing financing round. This investment marks the fifth consecutive fundraise for PhonePe in the current year. […]


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Crypto hunter uncovers $500,000 Bitcoin stash hidden by spouse during a divorce proceeding
Daniel Levi Posted On May 22, 2023


While cryptocurrency is often touted for its anonymity, unfortunately, it is not completely anonymous as most people believe. While crypto transactions are pseudonymous, meaning they are not directly linked to a person’s identity, the underlying blockchain technology behind cryptocurrencies can […]


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Facebook’s Meta fined a record $1.3 billion for transferring EU users’ data to the US
Nickie Louise Posted On May 22, 2023


Meta, the parent company of Facebook, has received a historic fine of 1.2 billion euros ($1.3 billion) from the European Union privacy regulator. This decision was made by the Data Protection Commissioner (DPC) in Ireland, giving Meta a five-month deadline […]


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