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Nickie Louise @ Startups News · 11/18/2024 08:49 EDT

TikTok parent ByteDance valued at $300 billion after revenue surges 30% to $110 billion, reports

ByteDance, the parent company of TikTok, has set its valuation at approximately $300 billion. The news comes after the company recently approached investors with a share buyback offer, according to sources and a document reviewed by Reuters. The proposed buyback ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 11/15/2024 17:59 EDT

Major advertisers, including IBM, Disney, and Comcast, return to X amid FCC scrutiny of NewsGuard

After nearly a year-long boycott, major advertisers have resumed their campaigns on X (formerly Twitter). Companies including IBM, Disney, Comcast, Discovery, Warner Bros., and Lionsgate Entertainment have returned to the platform, signaling renewed trust in X’s leadership under CEO Linda ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 11/15/2024 14:06 EDT

SpaceX eyes $250 billion valuation in tender offer, positioning Elon Musk to become the world’s first trillionaire by the end of the decade

Elon Musk’s SpaceX—the leader in rocket launches and high-speed satellite internet through Starlink—is gearing up for a tender offer in December, offering existing shares at $135 each, according to an exclusive report from The Financial Times citing insider sources. At ... Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 11/15/2024 09:29 EDT

Toyota-backed self-driving startup Pony AI seeks $4.48 billion valuation in U.S. IPO

Late last month, Toyota-backed self-driving startup Pony AI announced plans to go public, marking a major milestone after eight years of development. The company has filed for an initial public offering (IPO) in the United States, targeting a valuation exceeding ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/14/2024 14:11 EDT

Google launches Gemini Live app, bringing AI voice assistant to iPhone users

Alphabet’s Google on Thursday launched a smartphone app for its AI chatbot, Gemini, on Apple’s App Store Thursday, bringing its latest voice assistant to iPhone users. This release follows Google’s rollout of Gemini Live in English for Android users two ... Read more ›

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Startups News
Daniel Levi @ Startups News · 11/14/2024 12:30 EDT

RealWear acquires AR startup Almer to accelerate industrial adoption of smart glasses and wearables

RealWear has acquired Almer Technologies, a Swiss augmented reality (AR) startup known for its compact and user-friendly AR headsets. Although the financial details of the acquisition remain undisclosed, the move is expected to reshape the industrial AR landscape by accelerating ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 11/14/2024 11:22 EDT

Crypto market cap hits $3.2 trillion, surpassing France’s GDP

The crypto boom fueled by Trump’s recent victory on November 5 continues to show no signs of slowing as Bitcoin hit $90,000, propelling the global cryptocurrency market past $3 trillion. According to CoinGecko, the combined market value of cryptocurrencies soared ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/14/2024 10:01 EDT

Climate tech startup Vaulted Deep raises $32M to inject carbon-containing waste deep underground and combat carbon emissions

Carbon emissions are one of the major drivers of climate change, trapping heat in the atmosphere and fueling extreme weather, rising sea levels, and biodiversity loss. According to Bloomberg climate data,  global energy-related CO₂ emissions rose by 1.1% in 2023, hitting a ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/14/2024 09:12 EDT

AMD lays off 1,000 employees, or 4% of global Workforce, in a bid to compete with Nvidia in AI chip market

AMD announced on Wednesday that it would lay off 4% of its global workforce as the longtime chipmaker sharpened its focus on the fast-growing artificial intelligence chip market, which remains dominated by rival Nvidia. The layoff announcement comes just a ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/13/2024 12:37 EDT

Klarna, Europe’s most valuable fintech startup, confidentially files for US IPO

Klarna, Europe’s leading buy now, pay later (BNPL) fintech, announced Wednesday that it has confidentially submitted IPO documents to the Securities and Exchange Commission (SEC). The $15 billion Swedish payments company has yet to make its IPO prospectus publicly available, ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/13/2024 11:24 EDT

Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat

Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a ... Read more ›

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Startups News
Nickie Louise @ Startups News · 11/13/2024 10:14 EDT

Amazon launches a $20 discount store in a challenge to Temu and Shein

Late last month, we covered Amazon’s plans to launch a budget-friendly storefront, capping all items at $20 to compete with bargain sites like Temu and Shein. Fast forward two weeks later, and Amazon has officially introduced its new discount store, ... Read more ›

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