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Nickie Louise @ Startups News · 06/05/2024 12:46 EDT

Boeing found guilty of stealing technology from electric airplane startup Zunum; fined $81 million

In a legal blow to aerospace giant Boeing, a federal court jury in Seattle ruled in favor of electric airplane startup Zunum Aero after Boeing was found guilty of stealing Zunum technology. The jury also awarded the fledgling startup $81 ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/05/2024 10:49 EDT

Qualcomm-backed AI startup Kneron launches next generation AI chips to challenge Nvidia and AMD

Artificial intelligence chip startup Kneron on Wednesday unveiled its next-generation products, targeting the growing demand for AI from businesses and presenting a robust alternative to industry giants like Nvidia and AMD. The Taiwan-based startup, backed by industry heavyweights Qualcomm and ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/05/2024 08:56 EDT

How often do AI Hallucinations happen?

Artificial Intelligence (AI) has become an integral part of modern technology, running through a number of various sectors from healthcare to finance, and even creative industries. Despite its impressive capabilities, AI is not without its flaws. As a copywriter, I ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/05/2024 08:35 EDT

SAP acquires digital adoption startup WalkMe for $1.5 billion

German software giant SAP announced on Wednesday it has agreed to acquire digital adoption startup WalkMe for a cash transaction valued at $1.5 billion. This offer represents a significant 45% premium over WalkMe’s closing share price from the previous night. ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 18:17 EDT

Fhenix, a privacy-focused Ethereum Layer 2 startup, raises $7M seed round for confidential blockchain

Fhenix, an Israeli tech startup building a confidential blockchain platform, has scored big with a $15 million Seed round led by Hack VC. Other backers include Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. This latest round ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/04/2024 14:00 EDT

The Value of Human Experience in a Machine-Driven World: A Closer Look at Horys Technologies

In an era where technology often outpaces human adaptability, understanding the value of human experience is increasingly crucial. Horys Technologies, a prominent player in the tech industry, stands as a testament to the balance between innovative machine-driven solutions and the ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 11:38 EDT

Irish tech startup Overcast HQ raises $1.2M in funding to tackle video content overload for brands and broadcasters

Terabytes of footage are churned out daily, creating a management nightmare and causing broadcasters and brands to drown in a sea of video content. Now, one startup is throwing them a life preserver powered by artificial intelligence (AI) to address ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 09:55 EDT

Microsoft cuts hundreds of jobs at Azure Cloud as tech layoffs continue

Microsoft is reported cutting hundreds of jobs in its Azure cloud unit, Business Insider reported Monday, adding to a series of job cuts witnessed across the technology and media sectors this year. According to sources familiar with the matter who ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/04/2024 09:00 EDT

Polkadot Blockchain Academy Launches Fifth Cohort in Singapore to Train New Generation of Blockchain Developers

In March, the Polkadot Blockchain Academy (PBA) captivated Singapore with its comprehensive, multi-week hybrid blockchain training program. Now, just two months later, PBA is set to return, launching its eagerly awaited fifth cohort on May 20, 2024. This initiative aims to ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/03/2024 13:26 EDT

Poland’s InsurTech startup Quantee partners with Zurich to deliver personalized insurance pricing

Poland’s InsurTech startup Quantee announced on Monday it has teamed up with Zurich Insurance Group in a move set to revolutionize insurance pricing. The partnership aims to enhance Zurich’s pricing accuracy and offer personalized insurance policies tailored to individual customer ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/03/2024 10:23 EDT

UK digital bank startup Monzo turns profitable for the first time after 9 years of operation

British digital bank startup Monzo posted its first-ever annual profit after nine years in business. In an announcement on Monday, Monzo revealed that its pre-tax profits for the fiscal year 2023-2024 totaled £15.4 million ($19.6 million), a significant turnaround from ... Read more ›

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Startups News
Daniel Levi @ Startups News · 06/03/2024 08:55 EDT

AMD launches new AI chips to challenge Nvidia

Advanced Micro Devices (AMD) on Monday unveiled its latest artificial intelligence (AI) processing chips to take on industry leader Nvidia. The launch includes its 5th Gen AMD EPYC server processors and the Ryzen AI 300 series for mobile devices. During the event ... Read more ›

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Startups News
Nickie Louise @ Startups News · 06/03/2024 08:14 EDT

Microsoft to invest $3.2 billion to boost Swedish AI and cloud sector

As part of the effort to bolster its presence in Europe, Microsoft announced on Monday that it is investing 33.7 billion Swedish crowns ($3.2 billion) to enhance its cloud and artificial intelligence infrastructure in Sweden over the next two years. ... Read more ›

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