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Nickie Louise @ Startups News 2 place · 07/03/2024 16:59 EDT

Jeff Bezos to sell $5 billion of Amazon share after stock hits record high

In a move that may raise eyebrows across the markets, Amazon founder and executive chair Jeff Bezos plans to sell almost $5 billion worth of shares in the e-commerce behemoth, according to a recent regulatory filing. This announcement follows Amazon’s ... Read more

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Startups News
Daniel Levi @ Startups News 3 place · 07/03/2024 11:49 EDT

Amazon is launching a new discount marketplace to compete with Temu

Amazon is gearing up to launch a new shopping section designed to directly compete with emerging e-commerce giants Temu and Shein, according to a report from The Information. This new section, or possibly an app, will offer a range of ... Read more

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Startups News
Nickie Louise @ Startups News · 07/03/2024 10:08 EDT

AI coding startup Magic seeks to raise $200 million at a $1.5 billion valuation

Magic, a generative AI startup developing artificial intelligence models to write software, is in advanced discussions to raise over $200 million in a new funding round, which would value the company at $1.5 billion, according to an exclusive report from ... Read more

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Startups News
Nickie Louise @ Startups News · 07/02/2024 12:01 EDT

Industry Ventures secures $900 million hybrid fund to invest in early-stage tech startups

Industry Ventures, a pioneer investment firm specializing in private technology companies, has closed a $900 million fund for its latest fund, Industry Ventures Partnership Holdings VII (Fund VII). This news comes as a boon for non-generative AI startups that are ... Read more

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Startups News
Daniel Levi @ Startups News · 07/02/2024 11:11 EDT

Why Institutions Are Buying Bitcoin

The rise of Bitcoin is monumental as it grew from its early days to a decentralized payment system that surprised the world with its huge market capitalization. Bitcoin was made in its decentralized nature to give power to the people. ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 07/02/2024 10:00 EDT

UK fintech startup Revolut seeks $40 billion valuation following a $553.81 million profit

British digital banking startup Revolut announced on Tuesday a record pretax profit of £438 million ($553.81 million) for 2023, driven by robust user growth and a significant rise in interest-related income. This marks a significant milestone as the company aims ... Read more

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Startups News
Nickie Louise @ Startups News · 07/01/2024 16:09 EDT

Electric car maker Fisker files for bankruptcy, leaving thousands of EV owners in limbo

Electric vehicle startup Fisker filed for Chapter 11 bankruptcy protection in June 2024. The news ends months of speculation over the future of the company and marks a critical point in the company’s tumultuous journey. Fisker is now focused on ... Read more

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Startups News
Nickie Louise @ Startups News · 07/01/2024 13:45 EDT

Amazon hires founders of AI startup Adept to lead its push into AI-powered work automation

Amazon has hired the co-founders of AI agent startup Adept in a move to bolster its artificial intelligence capabilities and enhance its AI-powered work automation efforts. Adept co-founder and CEO David Luan will join Amazon, along with Adept co-founders Augustus ... Read more

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Startups News
Daniel Levi @ Startups News 2 place · 07/01/2024 10:49 EDT

Why Bitcoin Price Is Not Pumping Despite ETF Inflow

The positive sentiment surrounding Bitcoin ETFs by crypto enthusiasts allowed Bitcoin to rally more than 53% after the US Securities and Exchange Commission (SEC) approved the first regulated spot Bitcoin ETFs on Jan. 10. However, since the rally maxed the ... Read more

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Startups News
Nickie Louise @ Startups News 2 place · 07/01/2024 10:08 EDT

Google acquires a stake in New Green Power, a Taiwan solar power startup owned by BlackRock

Google announced on Monday it has acquired a stake in Taiwan’s New Green Power (NGP) in a strategic move to advance its sustainability goals. The deal includes capital investment from Google into the BlackRock fund-owned firm. As part of the ... Read more

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28.11.2024 13:28
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