Good evening! Below are some of the top tech startup news stories for Tuesday, March 28, 2023. FTX founder Bankman-Fried charged with paying $40 million bribe Disgraced FTX founder Sam Bankman-Fried (SBF) is back in the news. Today, the Department […] Read more ›
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Luxury electric vehicle startup Lucid Group announced Tuesday it is laying around 1,300 employees, or about 18% of its workforce, as part of a restructuring plan and cut-cutting measures. The news comes just a month after the company’s 2023 production […] Read more ›
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While all eyes are on artificial intelligence, self-driving tech startups are quietly making moves and the space is booming as investors pour billions of dollars into autonomous startups. The latest is London-based Self-driving startup Venti Technologies which recently raised millions […] Read more ›
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Although the average e-commerce return rate varies depending on the industry, product type, and other factors. However, according to a study by the National Retail Federation (NRF), the average e-commerce return rate is 16%. Over the years, E-commerce returns have […] Read more ›
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In just two decades, social media has had a profound effect on society. From Facebook to TikTok, these platforms have completely revolutionized the way we communicate, consume information, and interact with one another. But while there are many benefits to […] Read more ›
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Just two weeks before the launch of ChatGPT, Silicon Valley-based AI chip startup Cerebras Systems unveiled its AI supercomputer called Andromeda. With a focus on commercial and academic research, Andromeda was built by linking 16 Cerebras CS-2 systems, which are […] Read more ›
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OneWeb, the low Earth orbit (LEO) satellite communications startup, is planning to roll out coverage globally after its successful launch of the final batch of satellites needed for its broadband service this past weekend. On Sunday morning, the British space […] Read more ›
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Lyft’s co-founders Logan Green and John Zimmer are stepping down from the company they founded over a decade ago. Green, who is currently the CEO, will be succeeded by former Amazon exec David Risher effective April 17. In an announcement […] Read more ›
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Good evening! Below are some of the top tech startup news stories for Monday, March 27, 2023. Swedish sustainable battery startup Northvolt in talks to raise over $5 billion in funding Swedish lithium-ion battery startup Northvolt is in talks to […] Read more ›
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Twitter is now the number one most downloaded news app in the world with over 7.2 million ratings, according to rankings from the App Store. News aggregation platforms Reddit and local news app NextDoor came in second and third place […] Read more ›
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First, it was the fall of Terra Luna, then the collapse of San Bankman-Fried crypto exchange FTX. Is Binance the other shoe to drop in the crypto industry? A few hours ago, the world’s biggest crypto exchange Binance and its […] Read more ›
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Tech startups continue to struggle to raise new capital amid the economic headwinds that forced investors to pull back. However, software startups, specifically startups in the artificial intelligence (AI) space are largely unaffected by the funding drought due to the […] Read more ›
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Amid the ongoing headwinds in the tech space, SoftBank-backed Indian hospitality startup Oyo is cutting its initial public offering (IPO) size as tech valuations fall, Bloomberg News reported on Monday. Citing two people familiar with the matter, Bloomberg said that […] Read more ›
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The emergence of new technologies and globalization has intensified competition, resulting in a difficult business environment for many established companies. Several industry giants have encountered unprecedented challenges in recent years. For example, Netflix experienced a decline in its subscriptions for […] Read more ›
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“Say what you want about me, but I acquired the world’s largest non-profit for $44B lol” In February, Elon Musk announced Twitter was planning to open-source its algorithm following. Musk made the statement following a question from one of his […] Read more ›
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In late 2019, we wrote Northvolt after the maker of electric vehicle batteries received a €5.8 million investment from EIT InnoEnergy to support its goal of using 50% recycled materials in all its new battery cells by 2030. Fast forward […] Read more ›
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In just five months after Elon Musk closed the $44 billion acquisition of Twitter, the popular social media platform reached a new milestone of over 500 million total active users. The news came just a week after Musk announced Twitter […] Read more ›
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As if launching a startup is not difficult enough, creating the right name for your brand can also be very challenging. Choosing a perfect name for your brand is important because it’s often the first thing that potential customers will […] Read more ›
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Joby Aviation, a company developing all-electric aircraft for commercial passenger service, on Friday named former Federal Aviation Administration (FAA) Administrator Michael Huerta to its Board of Directors. The appointment may potentially help Joby, which has been pushing to win FAA certification […] Read more ›
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Binance, the world’s largest cryptocurrency exchange, has once again suspended deposits and withdrawals on its platform, but this time due to technical glitches affecting its spot trading. In a tweet on Friday, Binance founder and CEO Changpeng Zhao said the […] Read more ›
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02.07.2026 18:58
Last update: 18:50 EDT.
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