Freetrade, a start-up specializing in stock trading, has experienced a significant decrease in its valuation by 65%. This drop comes as the financial technology industry faces a sell-off and the markets slow down. The investing app, which is currently operating at a loss, is preparing for a crowdfunding campaign with a valuation of £225 million. …
Elon Musk, the billionaire entrepreneur, shared exciting news at the VivaTech event in Paris. He revealed that his brain-chip startup, Neuralink, plans to conduct its first human trial this year. Musk mentioned during the event that the trial will likely involve a tetraplegic or paraplegic patient, with details to be broadcasted in a webcast monitored …
Silicon Valley Bank’s recent collapse has reignited concerns about lending discrimination in the banking industry, especially when it comes to people of color. Venture capitalist Arlan Hamilton, who founded Backstage Capital, stepped in to help some of the startup founders of color who panicked about losing access to payroll funds. However, such options for those …
A British quantum computing company, Quantum Motion, has secured a record-breaking investment of £42m, including contributions from the UK’s technology investment fund and Porsche SE, a German family-owned multinational. Founded by professors John Morton and Simon Benjamin, the start-up is pioneering a unique microchip manufacturing technology approach to developing quantum computers. Quantum computers process qubits, …