Parcel delivery giant UPS announced on Tuesday that it plans to cut 12,000 jobs, representing approximately 2.5% of its global workforce. The company said the layoff is due to economic challenges and labor disputes that drove away some customers. UPS […]
German food delivery giant Delivery Hero on Monday ditched rival Deliveroo but now paying the price in market value. Shares of Delivery Hero took a nosedive to an all-time low on Tuesday following its decision to offload its minority stake […]
KKR & Co, a global buyout firm, and South Korea’s Taeyoung Group are planning to sell their joint venture Ecorbit in a deal that may value the environmental company at over $2 billion, Reuters reported, citing two individuals familiar with […]
Meta on Monday announced the release of its free code generation AI model and programming tool named Code Llama 70B. The new release is designed to generate and debug even larger programming strings compared to Meta’s previous offerings. Code Llama […]
Elon Musk’s brain-chip startup Neuralink just achieved a groundbreaking milestone by becoming the first company to successfully implant its device into a human brain. Musk shared the news on X, formerly known as Twitter, saying that the first human patient […]
Carcinotech, an Edinburgh-based startup Carcinotech specializing in 3D printed micro-tumors, has secured £4.2 million in funding to expand operations, intensify research and development efforts, and facilitate the company’s entry into the US market later this year. The round was led […]
Amazon and Roomba-maker iRobot have called off their $1.4 billion deal due to uncertainties surrounding regulatory approval, the two companies announced on Monday. Amazon withdrew from the agreement after iRobot said that the deal has “no path to regulatory approval […]
AI startup Anthropic has suffered a data breach, making it the latest in a series of companies to fall victim to data leak incidents. Unlike previous breaches caused by external hackers, this time the breach resulted from a human error. […]
Brex, a fintech startup known for offering corporate credit cards to startups, is facing some challenges. The news comes at a time when startups are struggling to raise funding due to the worsening global economic conditions and high interest rates. […]
OpenAI is under fire again after the Italian watchdog accused the maker of the popular AI tool ChatGPT of breaking privacy laws in Italy. Italy’s data protection authority said on Monday that it has informed OpenAI that its ChatGPT artificial […]
Earlier today, we covered a story first reported by the Financial Times (FT) that Elon Musk’s AI startup X.AI is seeking to raise $6 billion in funding with a suggested valuation of $20 billion. However, Musk has now contradicted this […]
Salesforce is laying off around 700 employees, or approximately 1% of its global workforce, as major U.S. tech companies started 2024 with fresh plans to reduce their headcount, the Wall Street Journal reported on Friday. Despite the layoffs, the report […]
Elon Musk’s AI startup, xAI, is reportedly in discussions to secure up to $6 billion in funding, with a proposed valuation of $20 billion, as Musk seeks to rival OpenAI, the Financial Times reported on Friday. If successful, this funding […]
Microsoft said Thursday it plans to lay off 1,900 employees across its gaming divisions, including Xbox and Activision Blizzard, which the tech giant acquired last year for a whopping $69 billion, The Verge reported. The news comes just a day […]
Publicis Groupe, the world’s largest advertising group in terms of market value, said on Thursday it plans to invest 300 million euros ($326.94 million) in artificial intelligence (AI) over the next three years. This investment is part of the Paris-based […]
Aniai, a New York-based robotic kitchen startup, announced today it has raised $12 million in pre-Series A funding for its hamburger-grilling robot, Alpha Grill. The funding round, led by InterVest, a prominent venture capital firm in South Korea, brings Aniai’s […]
Cybersecurity has become very important in our world, where technology advances quickly. It’s like the main shield that protects our online world. As technology grows, so does the risk of cyber attacks, making cybersecurity a key area of focus. One […]
Asset marketplace and trading platform Blocktrade has just launched ‘Pay with Blocktrade,’ an instant crypto payment tool, making crypto payments widely accessible. In collaboration with technology provider SKAI2, Blocktrade enables retailers to accept payments in various cryptocurrencies, instantly converting them […]
eBay announced on Tuesday it will cut about 1,000 jobs, or an estimated 9% of its current workforce, as the e-commerce retailer joins a growing list of tech companies downsizing in January. Alongside the job cuts, the company said it […]
In the seemingly egalitarian world of cryptocurrency, the distribution of new tokens often leans towards favoring private investors, token founders, and those with privileged information about upcoming crypto investments. This disparity is evident in popular coin distributions, where large portions […]
