January 12, 2025
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Generative AI startup AudioStack raises $3.1.5M pre-Series A round to revolutionize audio production
Daniel Levi Posted On February 6, 2024


London-based AI startup AudioStack has raised $3,15 million (£2.5 million) in a pre-Series A round led by Quadri Ventures, with participation from existing investors including prominent angel investor Fred Destin and media investor and former CEO of AdsWizz, Alexis van de […]


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Adam Neumann is trying to buy back bankrupt WeWork, a real-estate startup he co-founded 14 years ago
Daniel Levi Posted On February 6, 2024


Adam Neumann, the ousted co-founder of WeWork, is aiming to buy the real-estate company he co-founded in 2010 out of bankruptcy, CNBC reported. Citing the support of “well-known capital sources,”  Neumann is reportedly backed by prominent investors, including Third Point managed […]


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Meta to start labeling AI-generated images across platforms in transparency push
Daniel Levi Posted On February 6, 2024


In a move towards greater transparency, Meta announced on Tuesday its plans to start identifying and tagging images created by other companies’ artificial intelligence services. The move, outlined by Meta’s top policy executive, involves integrating invisible markers into these images […]


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IT platform startup NinjaOne secures $231.5M in Series C funding at nearly $2 billion valuation
Nickie Louise Posted On February 6, 2024


NinjaOne announced on Tuesday it has secured $231.5 million in Series C funding to grow its IT management platform. The latest round significantly boosts the company’s valuation to about $1.9 billion, a remarkable jump from its previous valuation of $110 […]


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Apple is reportedly acquiring German AI startup Brighter AI to bolster privacy features in Vision Pro
Daniel Levi Posted On February 5, 2024


Apple is reported acquiring AI startup Brighter AI in a move to bolster privacy features within its products, starting with Apple Vision Pro, Apple news platform 9to5Mac reported, citing an unnamed source. Brighter AI declined to comment on the story, […]


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Snap to lay off 10% of global workforce in second round of job cuts
Nickie Louise Posted On February 5, 2024


Snap, the social media company behind Snapchat, announced on Monday that it is laying off 10% of its workforce globally, amounting to roughly 500 employees. The move is part of its strategy to encourage more face-to-face collaboration among their teams […]


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Everbridge to go private in a $1.5 billion buyout deal with PE firm Thoma Bravo
Nickie Louise Posted On February 5, 2024


Everbridge announced on Monday it would be acquired by U.S. private equity firm Thoma Bravo in a cash deal valued at approximately $1.5 billion, making it Thoma Bravo’s second major acquisition within the past six months. As part of the […]


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China’s Geely launches 11 low-orbit satellites for autonomous cars
Nickie Louise Posted On February 5, 2024


Chinese automaker and Volvo’s parent company Geely Holding Group announced on Saturday the launch of 11 satellites into low-earth orbit to enhance navigation precision for driverless cars. This marks its second launch as it aims to improve navigation accuracy for […]


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Cash-strapped AI startups seek mergers & acquisitions to survive amid rising costs: Is the AI dream over for startups?
Daniel Levi Posted On February 2, 2024


In November 2022, OpenAI made headlines with the launch of its ChatGPT AI chatbot. Within just five days of its release, ChatGPT attracted over 1 million users, reaching an impressive milestone of 100 million monthly active users by January 2023. […]


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Apple Vision Pro arrives: Apple’s long-awaited Vision Pro headset is finally available to buy in-store
Daniel Levi Posted On February 2, 2024


Finally, the day has arrived! The much-anticipated Apple Vision Pro headset is now available in the US, hitting the shelves after the preorders kicked off two weeks ago. It’s only 9 AM in New York and tech enthusiasts are already […]


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Meta builds its own AI brain: Custom AI chips to power up the company’s AI ambitions
Nickie Louise Posted On February 2, 2024


The parent company of Facebook Meta Platforms plans to roll out a new iteration of its custom chip in its data centers this year, Reuters reported on Thursday, citing an internal document. This second-generation chip, part of Meta’s in-house silicon […]


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Monomer Bio secures $5.6M in funding to revolutionize and accelerate drug discovery using AI-powered lab automation
Daniel Levi Posted On February 1, 2024


Traditional drug discovery is a slow, cumbersome, and expensive process. It relies heavily on trial and error, where researchers and scientists sift through numerous molecules, testing them against specific targets, hoping to stumble upon one that delivers the desired therapeutic […]


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Crypto startup Polygon Labs cuts 60 jobs, or about 19% of its global workforce as tech layoffs top 30,000 in 2004
Nickie Louise Posted On February 1, 2024


Crypto startup Polygon Labs announced it plans to reduce its workforce by 60 positions, or about 19% of its global workforce. The decision comes as the company undergoes its second round of layoffs, amidst a tentative recovery in the digital […]


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Digital news startup The Messenger shuts down less than a year after burning through $50 million
Nickie Louise Posted On February 1, 2024


The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, is shutting down in less than a year, marking a significant setback in the internet media landscape, Axios reported, citing insider information. The announcement follows recent reports hinting […]


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Cadence unveils AI-powered supercomputer for streamlining jet design
Nickie Louise Posted On February 1, 2024


The future of supersonic travel got a major boost today with Cadence Design Systems‘ announcement of a new artificial intelligence (AI) supercomputer specifically designed for jet design to simulate how air flows over jets and other gear as its competition […]


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Uncharted Labs, an AI startup founded by three Google Deepmind researchers, raises $8.5 million in funding
Nickie Louise Posted On January 31, 2024


As OpenAI and Google continue to advance in developing artificial intelligence for conversational chatbots like ChatGPT, a new wave of startups is emerging to take the lead in the burgeoning realm of AI agents. In this space, these agents employ […]


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Harness Backtesting for Optimal Risk Management in Forex
Nickie Louise Posted On January 31, 2024


The concept of risk management in the forex trading market is broad. Over the years, we’ve seen experts in the field introduce several ways it can be achieved, like using stop loss, leverage, and maximizing demo accounts. However, it surely […]


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PayPal lays off 2,500 employees, or about 9% of its global workforce
Nickie Louise Posted On January 31, 2024


PayPal is laying off 2,500 employees, or about 7% of its workforce, amidst a surge in tech layoffs. The move by the payments giant reflects the broader impact of the global economic slowdown on fintech companies. The news comes exactly […]


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VCs are sitting on top of a $300 billion pile of cash even as startups struggle to raise funding
Daniel Levi Posted On January 31, 2024


In the world of venture capital, there’s a famous saying that goes, “Nothing ventured, nothing gained.” And this rings particularly true in recent times. According to reports from the Financial Times, venture capitalists (VCs) have amassed an astonishing $435 billion […]


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Volkswagen launches new AI lab to accelerate product Innovation, in talks with potential partners for AI-powered prototypes
Nickie Louise Posted On January 31, 2024


Volkswagen announced on Wednesday that it’s in talks with various global tech firms to team up and innovate on new digital products and features using artificial intelligence (AI). To generate innovative product ideas and develop early-stage digital prototypes using artificial […]


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