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Startups News
Nickie Louise @ Startups News · 12/12/2023 12:57 EDT

TikTok surpasses $10 billion in consumer spending, first non-game app to do so

TikTok just hit a major milestone by becoming the first non-game mobile app to rake in over $10 billion in consumer spending across both the Apple App Store and Google Play, according to a recent report by the app analytics ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 12/12/2023 11:27 EDT

Rumble Hacked: Rumble Suffers Major Cyber Attack Following the Release of Sensitive January 6 Security Footage

Rumble, the video hosting platform championing free speech, faced an “unprecedented” cyber attack shortly after it posted new security camera footage from January 6 on its platform. The widely-used platform confirmed a substantial disruption in its services due to a ... Read more

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Startups News
Nickie Louise @ Startups News · 12/12/2023 11:00 EDT

OpenView Weighs Next Steps After Deep Layoffs: Return Investors’ Capital or Rebuild with New Funds?

Last week, OpenView Ventures made headlines after the venture capital firm abruptly shut down its operations. The firm also laid off a significant portion of its staff and put a halt to investments in new startups. Now, the company finds ... Read more

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Startups News
Daniel Levi @ Startups News · 12/12/2023 09:41 EDT

Epic Games wins antitrust lawsuit against Google: Jury declares Google’s app store an illegal monopoly

Epic Games scored a major victory on Monday three years after suing Apple and Google over claims of running monopolistic app stores. In the latest Epic v. Google case, a federal court jury ruled in favor of Epic, declaring Google’s ... Read more

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Startups News
Nickie Louise @ Startups News · 12/12/2023 09:04 EDT

Chinese chip startup Changxin seeks to raise new funding at $19.51 billion valuation; delays IPO

Chinese chip maker Changxin Memory Technologies Inc (CXMT) has decided to postpone its planned initial public offering (IPO) originally set for earlier this year, making it the latest Chinese company to cancel its IPO debut due to volatile market conditions. ... Read more

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Startups News
chainwire @ Startups News · 12/12/2023 09:04 EDT

BitMart Lists Zero-Knowledge DeFi Pioneer Panther Protocol’s $ZKP

Gibraltar, Gibraltar, December 12th, 2023, Chainwire Panther Protocol is excited to announce its $ZKP listing on BitMart, a leading cryptocurrency exchange operating in over 180 countries. This listing is part of Panther Protocol’s ongoing effort focused on strategic partnerships and ... Read more

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Startups News
Daniel Levi @ Startups News · 12/11/2023 13:33 EDT

SmileDirectClub, a telehealth startup once valued at $8.9 billion, shuts down after bankruptcy

SmileDirectClub has become the latest casualty in what some are calling a startup Mass Extinction Event. The telehealth company, which aimed to revolutionize traditional orthodontics, announced on Friday that it was shutting down operations, just three months after filing for ... Read more

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Startups News
Daniel Levi @ Startups News · 12/11/2023 12:25 EDT

Norton Healthcare says hackers stole ‘sensitive data of 2.5 million patients’ during a ransomware attack

Norton Health, one the biggest healthcare players in the US, is the latest victim of a cyberattack following a major data breach in an earlier ransomware attack. The Kentucky-based non-profit healthcare system confirmed that hackers accessed the personal data of ... Read more

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Startups News
Nickie Louise @ Startups News · 12/11/2023 11:08 EDT

Fintech startup SumUp raises $307 million, defying funding slump

London-based payments startup SumUp announced on Monday that it secured 285 million euros (approximately $306.6 million) in new funding. The funding round was led by Sixth Street Growth, the growth arm of global investment firm Sixth Street, and saw participation ... Read more

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Startups News
Nickie Louise @ Startups News · 12/11/2023 09:35 EDT

TikTok to buy $1.5 billion majority stake in Indonesia’s biggest e-commerce platform Tokopedia

TikTok is gearing up for a comeback in the Indonesian e-commerce scene with a $1.5 billion investment in Indonesia’s biggest e-commerce platform Tokopedia. TikTok, owned by China’s ByteDance, announced on Monday that it will spend $840 million to acquire a ... Read more

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Startups News
Nickie Louise @ Startups News · 12/11/2023 08:49 EDT

Generative AI startup Mistral AI secures $415 million in second funding round

French open-source AI startup Mistral AI said on Monday it had raised 385 million euros (about $415 million) in its second funding round in seven months, led by investors such as Andreessen-Horowitz and LightSpeed Ventures. The funding comes less than ... Read more

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Startups News
chainwire @ Startups News · 12/11/2023 06:33 EDT

Sonorus’ $SNS Token to Be Listed on Kucoin

Amsterdam, The Netherlands, December 11th, 2023, Chainwire In a significant milestone for the blockchain music industry, Sonorus has announced the upcoming listing of its $SNS token on Kucoin, one of the leading cryptocurrency exchanges globally. This listing, scheduled for December 12th (10 AM UTC), marks ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 12/09/2023 17:01 EDT

Why is Google in Love with Reddit?

If you’ve been using Google Search lately, you might have noticed that it’s been showing a preference for Reddit in its search results, even going so far as to append “Reddit” in the search keywords. That’s not all. Google recently ... Read more

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Startups News
Daniel Levi @ Startups News 1 place · 12/08/2023 13:19 EDT

Did Google Fake its Hands-on Demo Gemini AI Video?

On Wednesday, Google surprised everyone by launching Gemini, its largest and most powerful AI model to date. However, there’s a twist in the story as The Information’s report hinted at a potential delay in the full launch until 2024. It ... Read more

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Startups News
Nickie Louise @ Startups News 2 place · 12/08/2023 11:21 EDT

More than 10 million people joined X (formerly Twitter) so far this December

Over 10 million people hopped on board X (formerly known as Twitter) this December, as shared by X CEO Linda Yaccarino in a recent post on the platform. According to Yaccarino, this equates to an impressive average of 61,000 signups ... Read more

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Startups News
Daniel Levi @ Startups News 3 place · 12/08/2023 10:20 EDT

Beyond Generative AI: Why Cognitive AI is the new frontier that will usher a new era of human-like thinking

Since the launch of ChatGPT a year ago, generative AI has captivated our imaginations, showcasing its prowess in art, music, and code creation. Yet, amidst this fascination, a deeper evolution is looming: Cognitive AI. This emerging field seeks to surpass ... Read more

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Startups News
Nickie Louise @ Startups News · 12/07/2023 21:35 EDT

Malta’s allure for startups: Strong ecosystem and access to funding

Embarking on the entrepreneurial journey is exhilarating, but startups face numerous challenges. From crafting a solid business plan to assembling a skilled team and implementing targeted marketing, each step is critical. Yet, securing funding often emerges as the linchpin for ... Read more

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Startups News
Nickie Louise @ Startups News · 12/07/2023 14:14 EDT

AI startup Rhythms emerges from stealth with $26 million in funding to transform the future of work

Rhythms, a new AI startup founded by Vetri Vellore who previously sold his company to Microsoft, has emerged from stealth mode with $26 million in seed funding. The round was co-led by Greenoaks and Madrona with participation from Accel, and ... Read more

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Startups News
Nickie Louise @ Startups News · 12/07/2023 12:51 EDT

Actility secures €16 million to lead the boom in low-power IoT market and propel sector consolidation

While artificial intelligence grabs all the attention in the news, there’s another sector quietly making waves, and it’s not getting the recognition it deserves, despite nearing $1 trillion in spending. According to recent research by Statista indicates that global spending on the ... Read more

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Startups News
Nickie Louise @ Startups News · 12/07/2023 12:01 EDT

JPMorgan CEO calls on government to ban and shut down cryptocurrency; “If I was the government, I’d close it down”

JPMorgan Chase CEO Jamie Dimon is calling on the government to implement a cryptocurrency ban. Dimon made waves on Capitol Hill during his testimony before the U.S. Congress on Wednesday, suggesting that cryptocurrencies should be shut down and banned. Dimon, ... Read more

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