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Startups News
Daniel Levi @ Startups News · 03/16/2023 16:58 EDT

Kraken launches its own digital asset bank following the fallout of Silvergate and Silicon Valley Bank

The past few weeks have seen tech-focused banks offering services to startups and crypto-friendly VCs run into financial difficulties. Silicon Valley Bank, the 16th largest bank in the US, collapsed last week after a run on deposits left the bank […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/16/2023 13:39 EDT

Poolz Finance bolsters its security, announces a 40% restructuring plan to shore up user safety following a token exploit

On Tuesday, hackers exploited Poolz Finance’s decentralized IDO platform and made away with $390k just days after a $180 million Euler Finance exploit. However, within hours of the attack, the Poolz team wasted no time and immediately flagged the hacker’s […] Read more ›

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Startups News
Nickie Louise @ Startups News 1 place · 03/16/2023 11:51 EDT

ftNFT Shop opens a physical shop in Dubai Mall to bring NFTs to life

While everyone was busy talking about the collapse of Silicon Valley Bank, the popularity of non-fungible tokens (NFTs) as the NFT market climbed to more than $40 billion in value in March, according to a report from Forbes. The future […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/16/2023 11:05 EDT

Berlin-based tech startup The Climate Choice raises $2 million to Decarbonize industrial supply chains

Climate change is one of the biggest threats of our time. According to some estimates, losses due to weather-related events have increased nearly ten-fold over the last four decades, from a ten-year global average of $12 billion in 1980 to […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/16/2023 10:22 EDT

Microsoft fired its entire AI ethics and society team

“Microsoft fired their AI safety team?,” that was the question Elon Musk asked on Twitter following a Platformer report that “Microsoft laid off its entire ethics and society team within the artificial intelligence organization as part of recent layoffs that […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/16/2023 09:48 EDT

Crypto investors withdraw $3 billion from stablecoin USDC in just 72 hours following SVB collapse

In days leading up to the collapse of Silicon Valley Bank (SVB), venture capital firms and tech startups scrambled to withdraw their deposits. But the fallout was widespread. Stablecoin USDC also lost its peg, falling as low as $0.88 on […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/15/2023 20:56 EDT

Top startup news for Wednesday, March 15, 2023: Adept, ByteDance, G42, Mint Mobile, and Stellar Cyber

Good evening! Below are some of the top tech startup news stories for Wednesday, March 15, 2023. Federal Reserve to launch a new instant payments system called “FedNow” in July The rumors about central bank full-reserve digital currency or Central […] Read more ›

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Startups News
Daniel Levi @ Startups News 1 place · 03/15/2023 20:26 EDT

ChatGPT correctly predicted that stocks will tank on March 15

In less than four months, ChatGPT has grown to become the most popular and powerful AI innovation of our time. ChatGPT took the internet by storm late last year as the dialogue-based AI chatbot crossed one million users just five days […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/15/2023 15:08 EDT

Stellar Cyber launches InterSTELLAR Partner Program to accelerate revenue for resellers of its Open XDR platform

Open XDR innovator Stellar Cyber today announced the launch of its InterSTELLAR Partner Program to accelerate revenue for resellers of its Open XDR platform. Stellar Cyber was recently named one of the 10 Hot XDR Security Companies You Should Watch […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/15/2023 12:23 EDT

T-Mobile acquires Ryan Reynolds-backed Mint Mobile for $1.35 billion

Actor Ryan Reynolds has achieved yet another major success with the sale of his budget wireless provider Mint Mobile to T-Mobile US Inc. for over a billion dollars. On Tuesday, T-Mobile announced that it has entered into a definitive agreement […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/15/2023 11:55 EDT

Americans lost a record $10.3 billion to online scammers in 2022, FBI says

Americans lost $10.3 billion to a wide range of internet scams in 2020, the Federal Bureau of Investigation (FBI) said in its report released this month. During the same year, the FBI also found an increase in the use of […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/15/2023 11:01 EDT

Nearly 50 percent of all US startups had their deposits in Silicon Valley Bank

While venture capital firms and tech startups are relieved that the U.S. government stepped in to fully protect their deposits at Silicon Valley Bank (SVB), the collapse will have far-reaching implications on U.S. venture-backed startups and the broader tech ecosystem […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/15/2023 09:36 EDT

Abu Dhabi AI firm G42 acquires $100 million stake in ByteDance at $220 billion valuation

Abu Dhabi-based artificial intelligence company G42 has acquired a $100 million-plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Founded in 2018, G42 specializes in artificial intelligence […] Read more ›

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Startups News
Nickie Louise @ Startups News 2 place · 03/15/2023 08:59 EDT

AI startup Adept raises $350 million in funding for its AI assistant that automates software tasks

Adept, an AI tech startup co-founded by a former OpenAI engineer, has raised $350 million in Series B funding led by General Catalyst and Spark Capital, with participation from existing investors, new financial partners, and some of the most “iconic […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/14/2023 23:55 EDT

Top startup news for Tuesday, March 14, 2023: Meta, Anthropic, Flat6Labs, Google, Mitiga, and OpenAI

Good evening! Below are some of the top tech startup news stories for Tuesday, March 14, 2023. Google brings AI-powered features to Gmail and Docs as AI race heats up With the soaring popularity of OpenAI ChatGPT, Alphabet’s Google is […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/14/2023 21:05 EDT

Korean gaming giant Wemade partners with Space and Time to power blockchain and gaming services

Korean gaming giant Wemade has partnered with Microsoft-backed Web3 data platform Space and Time. As part of the partnership, Wemade will leverage Space and Time’s decentralized suite of developer tools to power its blockchain and gaming services. Wemade is a […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/14/2023 17:12 EDT

OpenAI launches GPT-4 with better accuracy, claims it can beat 90% of humans on the SAT

After a hugely successful launch of its ChatGpT in November, OpenAI today announced the launch of the latest version of its primary large language model, GPT-4. Unlike its predecessors, OpenAI said the new GPT-4 is a large multimodal model that […] Read more ›

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Startups News
Daniel Levi @ Startups News · 03/14/2023 14:12 EDT

US reaper drone downed over the Black Sea in an “incident” with Russian jet

A Russian fighter jet downed a U.S. drone operating over the Black Sea on Tuesday, the US European Command said in a statement. Blaming a pair of Russian fighter jets for “reckless” maneuvers which resulted in the MQ-9 drone being […] Read more ›

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Startups News
Nickie Louise @ Startups News · 03/14/2023 13:45 EDT

Alphabet-backed Anthropic launches Claude, a large language model to compete with OpenAI’s ChatGPT

Just last week, we wrote about Anthropic after the Alphabet-backed AI startup announced it was close to raising $300 million from investors at around a $5 billion valuation. Co-founded by former OpenAI employees, Anthropic came into the spotlight following the […] Read more ›

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Startups News
Nickie Louise @ Startups News 3 place · 03/14/2023 11:52 EDT

Flat6Labs launches new $95 million venture fund to invest in early-stage African tech startups

Flat6Labs, a Middle East and North Africa (MENA) region’s leading seed and early-stage venture capital firm, today announced the launch of a new $95 million venture capital fund to expand its footprint and impact in Africa. Flat6Labs said it will […] Read more ›

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