November 17, 2024
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Crypto investors withdraw $3 billion from stablecoin USDC in just 72 hours following the collapse of SVB
Nickie Louise Posted On March 16, 2023


In days leading up to the collapse of Silicon Valley Bank (SVB), venture capital firms and tech startups scrambled to withdraw their deposits. But the fallout was widespread. Stablecoin USDC also lost its peg, falling as low as $0.88 on […]


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Top startup news for Wednesday, March 15, 2023: Adept, ByteDance, G42, Mint Mobile, and Stellar Cyber
Nickie Louise Posted On March 15, 2023


Good evening! Below are some of the top tech startup news stories for Wednesday, March 15, 2023. Federal Reserve to launch a new instant payments system called “FedNow” in July The rumors about central bank full-reserve digital currency or Central […]


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ChatGPT correctly predicted that stocks will crash on March 15
Daniel Levi Posted On March 15, 2023


In less than four months, ChatGPT has grown to become the most popular and powerful AI innovation of our time. ChatGPT took the internet by storm late last year as the dialogue-based AI chatbot crossed one million users just five days […]


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Stellar Cyber launches InterSTELLAR Partner Program to accelerate revenue for resellers of its Open XDR platform
Nickie Louise Posted On March 15, 2023


Open XDR innovator Stellar Cyber today announced the launch of its InterSTELLAR Partner Program to accelerate revenue for resellers of its Open XDR platform. Stellar Cyber was recently named one of the 10 Hot XDR Security Companies You Should Watch […]


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T-Mobile acquires Ryan Reynolds-backed Mint Mobile for $1.35 billion
Nickie Louise Posted On March 15, 2023


Actor Ryan Reynolds has achieved yet another major success with the sale of his budget wireless provider Mint Mobile to T-Mobile US Inc. for over a billion dollars. On Tuesday, T-Mobile announced that it has entered into a definitive agreement […]


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Americans lost a record $10.3 billion to online scammers in 2022, FBI says
Daniel Levi Posted On March 15, 2023


Americans lost $10.3 billion to a wide range of internet scams in 2020, the Federal Bureau of Investigation (FBI) said in its report released this month. During the same year, the FBI also found an increase in the use of […]


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Nearly 50 percent of all US startups had their deposits in Silicon Valley Bank
Nickie Louise Posted On March 15, 2023


While venture capital firms and tech startups are relieved that the U.S. government stepped in to fully protect their deposits at Silicon Valley Bank (SVB), the collapse will have far-reaching implications on U.S. venture-backed startups and the broader tech ecosystem […]


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Abu Dhabi AI firm G42 acquires $100 million stake in ByteDance at $220 billion valuation
Nickie Louise Posted On March 15, 2023


Abu Dhabi-based artificial intelligence company G42 has acquired a $100 million-plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Founded in 2018, G42 specializes in artificial intelligence […]


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Adept raises $350M in fresh funding for its AI assistant that automates software tasks
Nickie Louise Posted On March 15, 2023


Adept, an AI tech startup co-founded by a former OpenAI engineer, has raised $350 million in Series B funding led by General Catalyst and Spark Capital, with participation from existing investors, new financial partners, and some of the most “iconic […]


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Top startup news for Tuesday, March 14, 2023: Meta, Anthropic, Flat6Labs, Google, Mitiga, and OpenAI
Nickie Louise Posted On March 14, 2023


Good evening! Below are some of the top tech startup news stories for Tuesday, March 14, 2023. Google brings AI-powered features to Gmail and Docs as AI race heats up With the soaring popularity of OpenAI ChatGPT, Alphabet’s Google is […]


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OpenAI launches GPT-4 with better accuracy, claims it can beat 90% of humans on the SAT
Daniel Levi Posted On March 14, 2023


After a hugely successful launch of its ChatGpT in November, OpenAI today announced the launch of the latest version of its primary large language model, GPT-4. Unlike its predecessors, OpenAI said the new GPT-4 is a large multimodal model that […]


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US reaper drone downed over the Black Sea in an “incident” with Russian jet
Daniel Levi Posted On March 14, 2023


A Russian fighter jet downed a U.S. drone operating over the Black Sea on Tuesday, the US European Command said in a statement. Blaming a pair of Russian fighter jets for “reckless” maneuvers which resulted in the MQ-9 drone being […]


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Alphabet-backed Anthropic launches Claude, a large language model to compete with OpenAI’s ChatGPT
Nickie Louise Posted On March 14, 2023


Just last week, we wrote about Anthropic after the Alphabet-backed AI startup announced it was close to raising $300 million from investors at around a $5 billion valuation. Co-founded by former OpenAI employees, Anthropic came into the spotlight following the […]


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Flat6Labs launches new $95 million venture fund to invest in early-stage African tech startups
Nickie Louise Posted On March 14, 2023


Flat6Labs, a Middle East and North Africa (MENA) region’s leading seed and early-stage venture capital firm, today announced the launch of a new $95 million venture capital fund to expand its footprint and impact in Africa. Flat6Labs said it will […]


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Meta to lay off 10,000 employees in second round of job cuts, just four months after it let go 11,000 employees
Nickie Louise Posted On March 14, 2023


Facebook-parent company Meta announced on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, making the social giant the first Big Tech company to announce a second round of mass layoffs. In a message […]


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Samsung Next backs a $45M investment in Israeli startup Mitiga to transform incident response for cloud and SaaS environments
Nickie Louise Posted On March 14, 2023


In 2022, it was estimated that 90 percent of organizations had a hybrid and multi-cloud environment. This opens up the potential for hackers and bad actors to move between on-premises data centers and cloud providers, as well as lateral attacks […]


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Top startup news for Monday, March 13, 2023: Amazon, Connectd, Meta, Pfizer, Rivian, Qualtrics, and SaasGuru
Nickie Louise Posted On March 13, 2023


Good evening! Below are some of the top tech startup news stories for Monday, March 13, 2023. Meta winds down NFTs on its platforms amid the crypto bust As the crypto market continues on its downward spiral, Facebook parent company Meta […]


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Pfizer acquires cancer treatment biotech firm Seagen for $43 billion
Daniel Levi Posted On March 13, 2023


Pfizer has acquired Seattle-based cancer treatment biotech firm Seagen for $43 billion. In an announcement on Monday, Pfizer CEO Albert Bourla said the acquisition will enable the pharmaceutical giant to deliver Seagen’s cancer therapy to the world “at a scale […]


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Qualtrics acquired for $12.5 billion by Silver Lake and CPP Investments
Daniel Levi Posted On March 13, 2023


Last week we wrote about Qualtrics after the survey software company received a $12.4 billion buyout offer from Silver Lake and Canada’s CPPIB. Today, Silver Lake and CPP Investments announced it plans to acquire Qualtrics for $12.5 billion, making it […]


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Rivian in talks to end exclusivity deal with Amazon for its EV delivery trucks and court new customers
Nickie Louise Posted On March 13, 2023


Electric vehicle (EV) maker Rivian Automotive is in talks with its largest shareholder Amazon to end the exclusivity part of their electric van deal, CNBC reported, citing the company spokeswoman. As we reported back in 2019, Amazon had placed an […]


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