Newsroom
Mozilla Firefox Cuts Staff By 30%
Mozilla, the company responsible for the Firefox browser is reportedly laying off 30% of its workforce, to create a more agile and impactful organization. “We find ourselves in a relentless onslaught of change in the technology world, and the idea of putting people before profit feels increasi...
Ever Heard of Bendable, Malleable Solar Panels?
Traditional solar panels are stiff, flat-shaped, heavy, and fragile. And this is for a reason. Solar panels are usually made of monocrystalline silicon sandwiched between two glass walls which is also enclosed by metal walls. This extensive packaging is because monocrystalline silicon is fragile and...
This Company Rejected a $23 Billion Buy Offer From Google
Why would a four-year-old startup turn down a $23 Billion buy offer? Well, this is what Wiz, an Israeli cyber security company did. They rejected a $23 billion buy offer from Google. According to Assaf Rappaport, the company’s CEO, he believes the company has the potential to reach a $100 bill...
Lyft Fined $2.1 Million For Misleading Marketing Practices
The Federal Trade Commission (FTC) has fined Lyft, the ride-hailing company, $2.1 million. The fine is regarding Lyft’s deceptive marketing practices regarding how much drivers will earn, when in actual fact drivers earned much less than the advertised rates. For instance, in Los Angeles, Lyft...
Apple Releases Apple Intelligence
At its recent Worldwide Developers Conference, Apple announced the release of Apple Intelligence to its users. The new features were released to users of ios 18.1 and above, and is only available to users with iPhone 15 Pro, iPhone 15 Pro Max and other newer iPad models.
Apple Intelligence is a ...
Waymo Raises $5.6B
Self-driving car company Waymo, has reportedly raised a whopping $5.6 billion in a new funding round. The round was led by its parent company, Alphabet, with participations from a16z, Silver Lake, Fidelity, Tiger Global, and Perry Creek, amongst others. Waymo is planning to use the funds to enter ne...
Are Electric Planes For Passengers Possible?
This is a question or problem that a Vermont-based startup has been trying to solve. How do you beat heavy traffic when traveling short distances say to work, or the airport?
Beta Technologies recently disclosed a new electric aircraft it is working on. The aircraft has vertical takeoff and land...
Digital Goods Marketplace, Whop, Raises $17 Million
Whop, an online marketplace that sells digital goods and services announced it has raised $17 million in a series A round.
While major ecommerce platforms like eBay, amazon and Shopify are mostly focused on the sale of physical items, Whop believes there’s a need for an ecommerce platform ...
California Governor Vetoes Bill That Attempted To Regulate AI
SB 1047 is a bill that was initiated by senator Scott Wiener of California. The idea behind the bill was to make AI companies be responsible for developing safe AI products, to make them implement systems and guardrails for the development of safe AI that would not pose harm to the public. It was me...
Fidelity Says X Now Worth Almost 80% Less Than Original $44B Value
Fidelity was an investor in Elon Musk’s purchase of X (formerly twitter) for $44 Billion. It invested $19.7 million then. However, based on recent filings, Fidelity now values its investment in X at about $4 million, representing a drop in value of almost 79%. The investment was made by its Bl...
Sam Altman Exits OpenAI's Committee For Safety and Security
OpenAI reported in a blog post that its CEO Sam Altman will no longer be a part of its internal committee that oversees the safety and security of products that OpenAI creates and releases. The report went further to say that the Safety and Security committee will become an independent entity and wi...
Bluesky Hits 10 Million Users
We previously reported on Bluesky’s rapid surge in new registrations recently. However the company has announced even further growth. The company announced Monday on X (twitter) that it now has more than 10 million users. This rapid growth came after Brazil’s supreme court banned X from ...
IBM Acquires FinOps Startup, Kubecost
FinOps is a blend of two words, finance and DevOps and it seeks to address the collaboration and accountability between cloud computing costs and operations in organizations. Some companies spend wastefully on their cloud infrastructures while others don’t spend enough. A recent survey reporte...
Berlin-Based Quick Commerce Flink, Raises $150 Million
Quick commerce is an ecommerce concept whereby the ecommerce company places warehouses & distribution centers at very strategic locations which are very close to target shoppers, such that orders can be delivered to the buyer in a relatively short time, usually minutes or less than an hour.
...
AI Startup, Safe Superintelligence, Raises $1 Billion
New AI startup recently co-founded by ex-OpenAI executive, Ilya Sutskever, has raised $1 billion in fresh capital at a $5 billion valuation. Investors included A16z, SV Angel, DST Global, Nat Friedman, amongst others. Safe Superintelligence (SSI) plans to use the funds to staff up, and acquire compu...