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Nickie Louise @ Startups News · 11/13/2024 12:37 EDT

Klarna, Europe’s most valuable fintech startup, confidentially files for US IPO

Klarna, Europe’s leading buy now, pay later (BNPL) fintech, announced Wednesday that it has confidentially submitted IPO documents to the Securities and Exchange Commission (SEC). The $15 billion Swedish payments company has yet to make its IPO prospectus publicly available, ... Read more

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Startups News
Nickie Louise @ Startups News · 11/13/2024 11:24 EDT

Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat

Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a ... Read more

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Startups News
Nickie Louise @ Startups News · 11/13/2024 10:14 EDT

Amazon launches a $20 discount store in a challenge to Temu and Shein

Late last month, we covered Amazon’s plans to launch a budget-friendly storefront, capping all items at $20 to compete with bargain sites like Temu and Shein. Fast forward two weeks later, and Amazon has officially introduced its new discount store, ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 11/13/2024 08:55 EDT

OpenAI co-founder Greg Brockman returns to AI startup

OpenAI co-founder Greg Brockman has returned to the company three months after stepping away as president. On Tuesday, he shared on X that his “longest vacation” was over and that he was “back to building OpenAI.” Back in August, Brockman ... Read more

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Startups News
Nickie Louise @ Startups News · 11/12/2024 13:12 EDT

VinFast, Vietnam’s struggling EV startup, secures additional $3.4B in funding from founder and parent company

Just a year after going public via a SPAC merger, Vietnam’s ambitious EV startup VinFast finds itself in turbulent waters, grappling with mounting losses and operational setbacks that are complicating its global expansion. Now, the Nasdaq-listed EV maker is looking ... Read more

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Startups News
Daniel Levi @ Startups News · 11/12/2024 11:30 EDT

Juniper Networks backs a $102M investment in AI Startup Recogni to build an AI inference system for data centers

In August, AI startup Recogni revealed a computing breakthrough aimed at reducing energy consumption and enhancing the efficiency of AI training and inference chips. This innovation, which makes AI hardware smaller, faster, and more affordable, quickly drew the attention of ... Read more

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Startups News
Nickie Louise @ Startups News · 11/12/2024 10:51 EDT

Space startup Firefly raises $175 million in Series D funding at over $2 billion valuation

Firefly Aerospace has closed a $175 million Series D funding round led by RPM Ventures, with participation from both current backers and newcomers like GiantLeap Capital and Human Element. This latest round now brings the Texas-based space startup’s valuation at ... Read more

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Startups News
Nickie Louise @ Startups News · 11/12/2024 09:50 EDT

Bitcoin $100,000: Bitcoin pushes toward $100,000 as investors ride the ongoing rally sparked by Trump’s victory

The momentum in Bitcoin’s price that kicked off with Donald Trump’s election victory shows no sign of cooling. Yesterday, Bitcoin surged to a fresh high near $85,000 as investors celebrated the arrival of what many are calling the ‘crypto president.’ But ... Read more

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Startups News
Nickie Louise @ Startups News · 11/12/2024 08:44 EDT

SoftBank delivers blowout quarter as Vision Fund gains $3.96 billion amid bold AI pivot and high-stakes tech bets

Earlier this year, SoftBank made a $1 billion bet on artificial intelligence (AI). The Japanese powerhouse also teamed up with Nvidia to secure specialized chips needed for training large, complex AI models. Fast forward a few months, and this investment ... Read more

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Startups News
Nickie Louise @ Startups News · 11/11/2024 11:20 EDT

Godspeed Capital secures $675 million Fund III to invest in defense & government-focused tech startups

While artificial intelligence continues to dominate the headlines, billions of dollars are quietly flowing into other essential sectors, particularly defense and government. As optimism grows around a potential resolution to the Ukraine conflict under the new U.S. administration, the spotlight ... Read more

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Startups News
Nickie Louise @ Startups News · 11/11/2024 09:29 EDT

OpenAI’s Sam Altman predicts AGI by 2025

OpenAI CEO Sam Altman expects artificial general intelligence (AGI) by next year despite slow progress in GPT and large language models (LLMs). Altman predicted that the company would still be able to achieve AGI in 2025 amid the slowdown in ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 11/11/2024 08:22 EDT

Bitcoin surges to new record-high of $82,000 as crypto euphoria over Trump’s election victory continues

Bitcoin reached a new milestone on Monday as the cryptocurrency rally picked up steam following Donald Trump’s presidential election victory. This surge comes just after Bitcoin broke the $80,000 mark on Sunday, setting a fresh all-time high. By 6:58 a.m. ... Read more

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27.11.2024 06:42
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