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Nickie Louise @ Startups News 1 place · 11/26/2024 09:41 EDT

Huawei launches Mate 70 Series, first phones featuring its self-developed HarmonyOS NEXT operating system

Huawei on Tuesday unveiled the Mate 70 series, its latest smartphone running on the company’s self-developed HarmonyOS NEXT operating system. This marks another step in Huawei’s drive for technological independence amid ongoing U.S. sanctions. The Mate 70 follows the release ... Read more

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Startups News
Nickie Louise @ Startups News · 11/26/2024 18:30 EDT

Faircraft secures €15M to scale production of lab-grown leather for luxury markets

The global leather goods market is currently valued at $250 billion to $407 billion and is projected to grow to $743.50 billion by 2030. Within this market, animal leather was worth $100 billion in 2023 and is expected to reach ... Read more

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Startups News
Nickie Louise @ Startups News · 11/26/2024 16:15 EDT

Biden extends $6 billion lifeline to struggling EV startup Rivian amid growing unsold inventory on dealer lots

Just two months before President-elect Trump takes office, the Biden administration is rushing to allocate billions in taxpayer funds to support Rivian Automotive, a struggling electric vehicle startup grappling with unsold inventory and faltering demand. This decision follows a recent ... Read more

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Startups News
Daniel Levi @ Startups News · 11/26/2024 14:08 EDT

Eden AI secures €3M seed round to simplify AI integration for businesses

Eden AI, a French tech startup focused on simplifying AI integration for businesses, has raised €3 million ($3.14 million) in seed funding. The round was led by Galion.exe, with additional support from 50 Partners and business leaders such as Olivier ... Read more

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Startups News
Nickie Louise @ Startups News · 11/26/2024 12:22 EDT

Meta’s funding suspension for VR app developers sparks startup layoffs

Earlier this month, Meta Platforms made waves after suspending funding for VR app developers, leading some startups to make tough decisions and lay off their employees. This shift highlights a strategic pivot in Meta’s approach to its VR division, which ... Read more

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Startups News
Nickie Louise @ Startups News · 11/25/2024 11:36 EDT

Northvolt, once a symbol of Europe’s electric car revolution, files for bankruptcy after burning through $10 billion in investor cash

Just last week, we covered the collapse of Northvolt after its CEO and co-founder, Peter Carlsson, stepped down following a Chapter 11 bankruptcy filing. Once viewed as the driving force behind Europe’s electric car revolution, the Swedish EV battery startup ... Read more

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Startups News
Nickie Louise @ Startups News · 11/25/2024 09:49 EDT

ElectraLith, a Rio Tinto-backed tech startup, nears $17.9M second funding round amid lithium market struggles

With an estimated 85 million electric vehicles (EVs) expected on the road by the end of 2025, the demand for lithium is set to surge. However, traditional methods of lithium production come with significant environmental costs. These approaches require large ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 11/24/2024 00:49 EDT

Beyond Product-Market Fit: The Startup Milestones Every Founder Must Know

With the startup failure rate at an all-time high, having the right product-market fit is one of the many ways to boost your chances of success as a founder. Aligning your product with market demand is a crucial step toward ... Read more

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Startups News
Nickie Louise @ Startups News 3 place · 11/22/2024 10:16 EDT

Anthropic raises $4 billion from Amazon, boosting the e-commerce giant’s total investment in the AI startup to $8 billion

Just a day after reports surfaced that Anthropic is gaining market share against OpenAI, the AI startup announced on Friday it has secured an additional $4 billion investment from longtime backer Amazon, bringing Amazon’s total commitment to $8 billion. This ... Read more

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Startups News
Nickie Louise @ Startups News · 11/22/2024 09:49 EDT

Northvolt’s Collapse: CEO steps down amid chapter 11 filing, $5.8 billion debt, and Europe’s battery dreams shattered

Northvolt’s CEO and co-founder Peter Carlsson stepped down on Friday, just a day after the company filed for U.S. Chapter 11 bankruptcy protection, according to a report from Reuters. The move marks a dramatic turn for what was once Europe’s ... Read more

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Startups News
Nickie Louise @ Startups News · 11/21/2024 13:13 EDT

YC-backed robotics startup Four Growers secures $9M Series A to tackle greenhouse labor shortages with AI robots

Over the last century, automation has revolutionized crops like corn, wheat, and soy, driving down costs and boosting production. Yet, fruits and vegetables have largely been left behind, facing up to 15x higher harvesting costs due to the lack of ... Read more

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Startups News
Nickie Louise @ Startups News · 11/21/2024 11:57 EDT

Aries.com launches first open fintech platform for traders, investors, and developers

For years, retail investing has been shaped by established names like E*TRADE and Vanguard. Now, a new player, Aries, has entered the fintech scene, launching its brokerage and trading platform on the premium domain Aries.com after starting on TradeAries.com. The ... Read more

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Startups News
Nickie Louise @ Startups News · 11/21/2024 10:54 EDT

Indian electric scooter startup OLA Electric to lay off 500 employees, just three months after IPO

In August, OLA Electric made a public debut on the Indian stock market, with shares surging 20% on the first day and valuing the SoftBank-backed electric vehicle (EV) startup at $4.8 billion. However, just three months later, the 7-year-old company ... Read more

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Startups News
Nickie Louise @ Startups News · 11/21/2024 10:26 EDT

Business and enterprise spending on AI surges 500% to $13.8 billion as Anthropic gains market share over OpenAI

While generative AI startups have attracted billions in funding, a parallel surge in business and enterprise spending underscores the growing adoption of artificial intelligence across industries. According to new data from Menlo Ventures, companies have spent $13.8 billion on generative ... Read more

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Startups News
Nickie Louise @ Startups News · 11/21/2024 09:37 EDT

Bitcoin nears $100,000 as pro-crypto sentiment surges under Donald Trump’s second presidency

Bitcoin continued its remarkable surge on Thursday, edging closer to the significant $100,000 milestone as investors anticipated a friendlier U.S. regulatory landscape under President-elect Donald Trump. A renewed wave of optimism surrounding cryptocurrencies is fueling what many are calling a ... Read more

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27.11.2024 06:56
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