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Nickie Louise @ Startups News 1 place · 08/05/2024 11:54 EDT

Thoughtworks to go private in a $1.75 billion deal with private equity firm Apax Partners

Tech consulting firm Thoughtworks announced on Monday it has agreed to be taken by private equity powerhouse Apax Partners in a deal valued at approximately $1.75 billion. The news comes nearly three years after its stock market debut Under the ... Read more ›

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Startups News
Nickie Louise @ Startups News · 08/05/2024 10:11 EDT

Fewer ETFs Coming Than We Think, Says BlackRock Exec

If you’ve kept up with developments in the crypto space this year, you’ll know that exchange-traded funds (ETFs) have been a hot topic. 2024 started off with the approval of spot ETFs for Bitcoin, which had been pursued by different ... Read more ›

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Startups News
Daniel Levi @ Startups News · 08/05/2024 10:01 EDT

AI chip startup Groq raises $640M in funding led by BlackRock to challenge Nvidia’s dominance

Groq, a Silicon Valley startup developing chips to run generative AI models faster than traditional processors, has raised $640 million in a Series D funding round led by BlackRock Private Equity Partners. Other backers in this round included existing and ... Read more ›

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Startups News
Nickie Louise @ Startups News · 08/05/2024 09:18 EDT

Top 7 Big Tech Companies to Lose $1 Trillion in Market Capitalization

Apple and Nvidia led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway’s decision to cut its stake in the iPhone maker punctured a months-long rally in the sector. High-performing tech companies, often called the ... Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 08/02/2024 11:50 EDT

Video game actors go on strike, saying AI threatens their jobs

In a move that echoes last year’s Hollywood strikes, video game voice actors and motion-capture performers have walked off the job, demanding stronger protections against the encroachment of artificial intelligence (AI) in their industry. The strike, which began last week, ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 08/02/2024 10:01 EDT

Intel to lay off 17,500 employees, or 15% of its total workforce, after losing 56% of its market cap this year

Intel announced on Thursday that it would lay off 17,500 employees, or more than 15% of its total workforce, in a bid to turn around its money-losing semiconductor manufacturing business. The Santa Clara, California-based Intel currently employs 116,500 people as ... Read more ›

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Startups News
Daniel Levi @ Startups News · 08/01/2024 19:14 EDT

Gaming Levels Up on Polkadot as Studios Score Success

We’ll look back on 2024 as a very good year for GameFi. There have been few bona fide smash hits that have “pulled an Axie” and gotten mainstream gamers FOMO’ing in, it’s true. But quietly, the foundations have been built ... Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 08/01/2024 11:36 EDT

Ola Electric to raise $734 million in India’s largest IPO this year, draws $2 billion in institutional bids

Indian electric scooter startup OLA Electric is gearing up for the country’s largest initial public offering (IPO), aiming to raise a staggering $734 million. The IPO  has already garnered $2 billion in bids from institutional investors, positioning OLA Electric at ... Read more ›

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Startups News
Nickie Louise @ Startups News · 08/01/2024 09:54 EDT

Spanish EdTech startup Masterplace raises $2 million to launch AI-powered educational platform

The online education sector has experienced explosive growth in recent years, particularly since the pandemic, driven by an ever-increasing number of content creators across various platforms, from YouTube and TikTok to professionals offering bespoke courses. Riding this wave, Barcelona-based EdTech ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 07/31/2024 14:16 EDT

Blockchain climate startup Raad Labs emerges from stealth with $2.25M in funding led by CoinFund

In the United States, wildfires rank among the most devastating climate disasters, inflicting billions in economic losses and human suffering each year. To combat this escalating threat, blockchain climate tech startup Raad Labs is deploying a distributed network of meteorological ... Read more ›

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Startups News
Daniel Levi @ Startups News · 07/31/2024 12:08 EDT

US Debt Hits $35 Trillion Milestone: Took 200 Years to Reach $1 Trillion But Only 4 Years to Add $12 Trillion in Debt

In 2021, we wrote a piece highlighting a startling fact: “80% of all US dollars in existence were printed in the last 22 months.” Back then, the money supply surged from $4 trillion in January 2020 to $20 trillion by ... Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 07/31/2024 09:50 EDT

Uber partners with BYD to bring 100,000 EVs to its global ride-hailing fleet

Uber and Chinese automaker BYD announced on Wednesday a multi-year partnership aimed at integrating BYD’s electric vehicles (EVs) into Uber’s ride-hailing platform worldwide. As part of the partnership, Uber plans to deploy 100,000 BYD electric cars on its ride-hailing platform, ... Read more ›

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