Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds […]
Epic Games scored a major victory on Monday three years after suing Apple and Google over claims of running monopolistic app stores. In the latest Epic v. Google case, a federal court jury ruled in favor of Epic, declaring Google’s […]
Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. […]
SmileDirectClub has become the latest casualty in what some are calling a startup Mass Extinction Event. The telehealth company, which aimed to revolutionize traditional orthodontics, announced on Friday that it was shutting down operations, just three months after filing for […]
Norton Healthcare, one the biggest healthcare players in the US, is the latest victim of a cyberattack following a major data breach in an earlier ransomware attack. The Kentucky-based non-profit healthcare system confirmed that hackers accessed the personal data of […]
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 […]
