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Nickie Louise @ Startups News · 10/31/2024 10:40 EDT

Nvidia’s proposed $700M acquisition of AI startup Run:ai faces EU antitrust scrutiny

AI chip powerhouse Nvidia is hitting an EU antitrust hurdle with its planned $700 million acquisition of Israeli AI startup Run:ai. The European Commission announced Thursday that it would review the deal, raising competition concerns in the markets where both ... Read more

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Startups News
Nickie Louise @ Startups News · 10/31/2024 09:23 EDT

io.net partners with GAIB to boost GPU accessibility and innovation in AI compute

io.net, the top decentralized GPU network, is on a hot streak. Just two weeks after teaming up with ParallelAI to expand decentralized GPU computing for generative AI, io.net has now secured a new strategic partnership with GAIB, the first economic ... Read more

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Startups News
Nickie Louise @ Startups News · 10/31/2024 08:46 EDT

Suilend launches SpringSui to accelerate liquid staking and yield opportunities on Sui Network

In today’s financial world, borrowing from traditional banks can feel like an uphill battle. With strict credit checks, lengthy application processes, and high interest rates, accessing capital is often a struggle for individuals and businesses. Now, decentralized finance (DeFi) is ... Read more

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Startups News
Nickie Louise @ Startups News · 10/30/2024 18:30 EDT

Dropbox lays off 20% of its total workforce, cutting more than 500 jobs

Dropbox has announced a 20% reduction in its workforce, impacting 528 employees, as part of its efforts to fuel revenue growth and reduce expenses. CEO Drew Houston described the move as necessary for navigating a “transitional period,” aiming to streamline ... Read more

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Startups News
Daniel Levi @ Startups News · 10/30/2024 12:22 EDT

Israel’s data loss prevention startup MIND emerges from stealth with $11M in funding to combat data leaks

After a year of working under wraps with select companies, Israel-based data loss prevention startup MIND has officially launched with $11 million in seed funding to tackle data leak risks. The funding round was led by YL Ventures, joined by ... Read more

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Startups News
Nickie Louise @ Startups News · 10/30/2024 09:59 EDT

Sam Altman’s stake in Reddit surpasses $1 billion after post-earnings boost

Reddit shares surged 22% in extended trading on Tuesday, hitting $100 for the first time after the company posted third-quarter earnings that exceeded analyst expectations and issued an optimistic outlook. This rally has made OpenAI CEO Sam Altman one of ... Read more

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Startups News
Nickie Louise @ Startups News · 10/30/2024 08:57 EDT

AI investments make up 33% of total U.S. venture capital funding in 2024

AI continues to dominate in 2024, capturing investor interest as the field’s rapid growth fuels mainstream adoption. The rise of ChatGPT two years ago set off a surge in AI investment, driving billions toward promising generative AI startups across industries. ... Read more

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Startups News
Nickie Louise @ Startups News · 10/30/2024 07:37 EDT

Microsoft-backed Space and Time launches SXT Chain Testnet at Chainlink SmartCon after $20 million Series A raise

Just months after closing a $20 million Series A, Microsoft-backed AI blockchain startup Space and Time Labs has launched the SXT Chain Testnet at Chainlink SmartCon. The SXT Chain, designed to bring zero-knowledge (ZK)-proven data directly to smart contracts, is ... Read more

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Startups News
Daniel Levi @ Startups News · 10/29/2024 11:47 EDT

Apple will pay you up to $1 million for hacking into its private AI cloud

Apple is offering a bounty of up to $1 million to anyone who can successfully hack its AI servers and identify vulnerabilities in its Private AI Cloud, which will soon power AI features across its ecosystem. The news coincided with ... Read more

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Startups News
Nickie Louise @ Startups News · 10/29/2024 10:08 EDT

Israeli tech startup Zenity lands $38M in Series B funding to secure Agentic AI

Zenity, an Israeli security governance platform Zenity for securing low-code/no-code applications, has raised $38 million Series B funding round, co-led by Third Point Ventures and DTCP, with continued support from existing investors Intel Capital and Vertex Ventures. This investment builds ... Read more

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Startups News
Nickie Louise @ Startups News · 10/29/2024 09:25 EDT

Nigerian fintech startup Moniepoint secures $110 million from Google and others to expand digital banking across Africa

Nigeria has emerged as Africa’s fastest-growing fintech market, fueled by its population of over 200 million, with a significant portion still underserved by traditional financial services. In 2015, Moniepoint, a Nigeria-based fintech startup, set out to bridge this gap by ... Read more

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