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Daniel Levi @ Startups News · 02/14/2024 11:24 EDT

The rise and fall of 23AndMe: How DNA testing startup 23andMe went from $6 billion valuation to penny stock

23andMe, a genetic testing company that was once riding high with a valuation, is now fighting for its survival. Only a short while back, 23andMe stood out as one of Silicon Valley’s most promising startups. However, the DNA testing firm ... Read more

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Startups News
Nickie Louise @ Startups News · 02/14/2024 10:08 EDT

OpenAI founding member Andrej Karpathy departs to ‘work on personal projects’

Andrej Karpathy, an AI researcher and one of the founding members of OpenAI, announced on Tuesday his departure from the company via a post on X (formerly Twitter). Karpathy said he’s leaving the company to start a new chapter and ... Read more

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Startups News
Nickie Louise @ Startups News · 02/14/2024 08:41 EDT

Instacart lays off 250 employees, or 7% of its workforce, less than 6 months after going public

Instacart said on Tuesday that it plans to lay off 250 employees, or about 7% of its workforce. The restructuring is aimed at directing the company’s focus towards what they consider to be promising initiatives. The announcement comes just five ... Read more

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Startups News
financewire @ Startups News · 02/14/2024 08:10 EDT

OWNx Unveils Revolutionary Precious Metals IRA with Zero Premiums and No Minimum Investment

Lawrence, US – Kansas, February 14th, 2024, FinanceWire Transforming the Precious Metals Investment Landscape: OWNx’s Latest Offering Promises More Metal, Less Hype, and Unprecedented Accessibility. OWNx (ownx.com), a leading innovator in the precious metals investment sector, today announced the launch ... Read more

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Startups News
Nickie Louise @ Startups News · 02/13/2024 13:35 EDT

Digital banking startup Revolut launches eSIMs for data abroad without roaming fees

In an unexpected move for a fintech company, UK-based digital banking startup Revolut revealed on Tuesday its plans to introduce travel eSIM plans in the United Kingdom. This initiative is aimed at providing users with access to data while abroad, ... Read more

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Startups News
Daniel Levi @ Startups News · 02/13/2024 11:17 EDT

AI testing startup Antithesis nabs $47M seed funding to use AI to software catch bugs; now valued at $215M

Antithesis, a software testing startup that uses AI to catch bugs, has secured $47 million in seed funding, valuing the company at an impressive $215 million.  The massive investment underscores the robust confidence that investors have in Antithesis’ capabilities and ... Read more

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Startups News
Nickie Louise @ Startups News · 02/13/2024 10:24 EDT

Nvidia briefly surpasses Amazon in market value as AI boom rages on

Nvidia experienced a significant milestone on Monday, briefly surpassing Amazon.com in market value and becoming the fourth most valuable company in the United States. The latest surge in value, driven by excitement surrounding artificial intelligence, propelled Nvidia to a market ... Read more

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Startups News
Nickie Louise @ Startups News · 02/13/2024 09:24 EDT

AI startup Quilter secures $10M funding led by Benchmark to revolutionize circuit board design with AI

Circuit board design startup Quilter announced on Tuesday it raised $10 million in funding to advance a revolutionary approach to circuit board design using artificial intelligence (AI). The funding marks a significant step forward for Quilter, positioning it alongside tech ... Read more

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Startups News
Daniel Levi @ Startups News · 02/12/2024 12:11 EDT

OpenAI’s Sam Altman seeking to raise up to $7 trillion from UAE, others for AI chip fabrication

OpenAI CEO Sam Altman is reportedly planning to raise up to $7 trillion in new funding following a $5 billion investment in R&D to advance semiconductor technologies made in the USA, the Wall Street Journal reported on Thursday. The unprecedented ... Read more

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Startups News
Nickie Louise @ Startups News · 02/12/2024 11:27 EDT

Jeff Bezos sells about $2 billion of Amazon shares as tech stocks rally

Amazon founder Jeff Bezos has sold roughly $2 billion worth of the e-commerce giant following the stock rally that started late last year. Bezos made headlines as he offloaded close to 12 million shares of Amazon soon after he unveiled ... Read more

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Startups News
Nickie Louise @ Startups News · 02/12/2024 09:26 EDT

Crypto.com launches Prime, an uncapped 1% deposit bonus for high-net-worth investors

As cryptocurrency continues its journey toward widespread adoption, crypto giant Crypto.com is taking steps to empower investors in their quest to establish long-lasting financial legacies. In line with this objective, Crypto.com announced the launch of Prime, an exclusive program available ... Read more

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Startups News
Nickie Louise @ Startups News · 02/12/2024 08:07 EDT

Bugcrowd raises $102 million in Series E funding to grow its crowdsourced cybersecurity platform

Bugcrowd, a 12-year-old crowdsourced security startup that helps companies enhance their security measures through its bug bounty program, has secured $102 million in Series E funding. The round was led by General Catalyst, with participation from existing investors Rally Ventures ... Read more

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Startups News
chainwire @ Startups News 1 place · 02/09/2024 09:50 EDT

tea protocol launches 250k Grant for Open-Source Developers

San Juan, Puerto Rico, February 9th, 2024, Chainwire tea is shaking up the digital world by addressing the long-standing issue of inadequate compensation for open-source developers. Solving this issue is more urgent than ever, which is why we have decided to ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 02/09/2024 09:25 EDT

OpenAI hits $2 billion revenue milestone as demand for generative AI skyrockets

OpenAI achieved a significant milestone, reaching a $2 billion revenue in December as demand for generative AI skyrockets. The Microsoft-backed OpenAI also surpassed $2 billion on an annualized basis, the Financial Times reported on Friday, citing two sources familiar with ... Read more

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Startups News
Daniel Levi @ Startups News 3 place · 02/08/2024 10:23 EDT

Google rebrands Bard AI to Gemini, launches a new app and subscription

Google on Thursday announced a major rebranding of Bard, its artificial intelligence chatbot and assistant, along with the introduction of a new app and subscription options. Formerly known as Bard and a key competitor to OpenAI’s ChatGPT, the AI chatbot ... Read more

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Startups News
Nickie Louise @ Startups News 2 place · 02/08/2024 09:19 EDT

Disney invests $1.5 billion in Epic Games to create new “Games & Entertainment Universe”

Entertainment giant Disney announced on Wednesday that it is investing $1.5 billion in Fortnite maker Epic Games, making it the company’s largest-ever investment in gaming.  As part of the deal, the two companies will join forces to develop a new ... Read more

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Startups News
Nickie Louise @ Startups News 3 place · 02/08/2024 08:25 EDT

Transak expands into Hong Kong to accelerate APAC’s emerging digital asset market and fuel Web3 revolution

The Asia Pacific (APAC) region is gaining prominence in the global digital asset landscape, with regulatory changes drawing interest from diverse stakeholders. Hong Kong, renowned as a key financial center, is capitalizing on its status to attract companies looking to ... Read more

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Startups News
chainwire @ Startups News · 02/08/2024 07:59 EDT

Memeinator Blazes Past $4M with Red Apple Tech Partnership News

London, United Kingdom, February 8th, 2024, Chainwire Memeinator has surged forward, banking an impressive $4M in the public presale so far.  The MMTR token is now priced at $0.0208, and with Stage 14 of the presale rapidly selling out, the ... Read more

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Startups News
Nickie Louise @ Startups News 1 place · 02/07/2024 12:01 EDT

USPTO rejects OpenAI’s “GPT” trademark application

OpenAI, the organization behind the ChatGPT platform, has hit a roadblock in its efforts to trademark “GPT.” GPT is an acronym for “Generative Pre-trained Transformer,” representing their family of large language models, notably including GPT-3. The United States Patent and ... Read more

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Startups News
Nickie Louise @ Startups News · 02/07/2024 11:37 EDT

Microsoft to train 2 million people in India’s small cities with AI skills

The rapid advancements in AI, including the introduction of large language models (LLM), are reshaping how people work and altering broader business models. That’s why Microsoft has unveiled ambitious plans aimed at upskilling 2 million individuals in India’s smaller cities, ... Read more

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30.11.2024 05:56
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