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Nickie Louise @ Startups News · 09/30/2024 08:50 EDT

Epic Games is Suing Google — Again — and Now Samsung is Caught in the Crossfire

Earlier this year, Epic Games scored a significant win against Apple, three years after filing lawsuits against both Apple and Google, accusing them of monopolizing their app stores. Now, Epic is back in court, and this time, Samsung is caught ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/30/2024 08:18 EDT

OpenAI expects to lose $5 billion this year; plans to raise ChatGPT Plus fees to $44 over 5 years

Back in July, we covered OpenAI’s rapid cash burn as the company scaled at a breakneck pace. Now, a fresh report from the New York Times (NYT) suggests OpenAI may have to bump up its prices to keep things afloat. ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 09/27/2024 14:01 EDT

Meta fined $102 million for storing 600 million users’ passwords in plain text without encryption

Meta has been hit with a €91M ($101.5M) fine by the EU privacy regulator after it was found to have stored millions of Facebook and Instagram passwords in an unencrypted format. The penalty follows a 2019 investigation, where it was ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 09/27/2024 10:35 EDT

Top Universities That Produce the Most Startup Founders

Launching a startup takes grit, resilience, and a great idea. The road to success is tough—more than 90% of startups fail and don’t make it. But choosing the right university can give aspiring founders a real edge. Schools with strong ... Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 09/27/2024 08:59 EDT

UK government acquires US-owned Coherent semiconductor factory for $27M to secure supply for military

The British government has acquired a struggling semiconductor factory from U.S.-based firm Coherent for £20 million ($27 million). The move aims to ensure the domestic production of gallium arsenide semiconductors, essential components for military technologies, including fighter jets. In an ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/26/2024 18:16 EDT

Tonkeeper wallet now accepts HMSTR tokens for TON transaction fee payments

Exciting news from Tonkeeper, the non-custodial wallet for TON’s blockchain: Users can now pay transaction fees with HMSTR tokens. Tonkeeper announced on Thursday its support for HMSTR, the token associated with the popular Telegram-based web3 game Hamster Kombat. Starting October 1, ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/26/2024 13:40 EDT

Google’s venture arm leads $11.1M investment in Helsinki-based startup Distance to bring mixed reality to car windshields and plane cockpits

Distance Technologies, a Finnish startup focused on bringing mixed-reality to any car windshield or plane cockpit, has secured €10 million ($11.1 million) in seed funding led by GV (Google Ventures) and existing backers FOV Ventures and Maki.vc. This funding comes ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/26/2024 10:17 EDT

Visa acquires AI fraud detection startup FeatureSpace for $935.06 million

Visa has announced plans to acquire Featurespace, an enterprise tech startup focused on AI-driven fraud and financial crime prevention. While the exact terms of the deal haven’t been revealed, reports suggest the acquisition could be worth around £700 million ($935 ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/26/2024 08:34 EDT

OpenAI in talks to grant Sam Altman a 7% stake worth $10.5 billion as it transitions to a for-profit model

Just a day after former CTO Mira Murati left the company, OpenAI is reportedly in talks to grant co-founder and CEO Sam Altman a 7% equity stake as it considers a shift to become a for-profit business. This would be ... Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 09/25/2024 19:32 EDT

Finnish hacker Harri Hursti hacks U.S. voting machine on live podcast

Earlier this year, Germany banned the use of electronic voting machines in its elections. The country’s Constitutional Court (similar to the U.S. Supreme Court) based its decision on Germany’s Basic Law, underscoring the idea that transparency is essential in elections. ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/25/2024 17:51 EDT

Mira Murati Leaves OpenAI After 6 Years

Mira Murati, OpenAI’s Chief Technology Officer, announced on September 25, 2024, that she will be stepping down after more than six years at the company. Her decision marks the latest in a series of high-profile exits at OpenAI this year. ... Read more ›

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Startups News
Daniel Levi @ Startups News · 09/25/2024 14:43 EDT

Raycast secures $30M to minimize context switching and expand its Mac productivity app to Windows and iOS

Constantly jumping between tools and workflows is a challenge for knowledge workers, leading to mental strain and a noticeable drop in productivity. A 2022 Harvard Business Review study of Fortune 500 mid and back-office workers revealed that each context switch ... Read more ›

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Startups News
Nickie Louise @ Startups News · 09/25/2024 13:23 EDT

FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to pay $11 billion

Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, was sentenced on Tuesday in New York federal court to two years in prison. She was also ordered to forfeit $11 billion ... Read more ›

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