Jonathan Raa | Nurphoto | Getty Images Elon Musk railed against major advertisers and Media Matters, a media watchdog group, on Friday following the decision of several top brands to temporarily pause their ad spending on X, a social media platform where Musk serves as CTO. In a late Friday night tweet, Musk announced his …
Google has agreed to invest up to $2 billion in Anthropic, the artificial intelligence (AI) startup founded by former executives of OpenAI, as confirmed by CNBC. The investment includes an upfront cash infusion of $500 million and an additional $1.5 billion to be invested over time. Anthropic, the developer of Claude 2, a rival chatbot …
A woman crossing a busy downtown San Francisco street suffered serious injuries when a hit-and-run driver collided with her, throwing her into the path of an oncoming driverless Cruise car that ran her over. The incident was captured by the autonomous vehicle’s recording which Cruise shared with the NBC Bay Area Investigative Unit. Courtesy NBC …
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin, and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company in a surprising move. This unexpected …
Billy Thalheimer (CEO) and Michael Klinker (CTO) of REGENT with a full-scale mockup of their first electric seaglider. Courtesy REGENT Regent, a startup revolutionizing transportation with electric seagliders, recently secured $60 million in venture funding and forged a partnership with Japan Airlines to bring their electric ferries to Japan’s waterways. 8090 Industries, alongside Peter Thiel’s …
Tesla vehicles waiting to be loaded on board a cargo vessel at Nangang port, in Shanghai, China, on Sept. 6, 2023. Vcg | Visual China Group | Getty Images Tesla posted its third-quarter vehicle production and delivery report for 2023 on Monday. Here are the key numbers from the electric vehicle maker: Total deliveries Q3 …
Kneron, a U.S.-based semiconductor startup, announced on Tuesday that it has secured fresh funding to accelerate the commercialization of its artificial intelligence (AI) chips. These chips are poised to rival Nvidia’s offerings in the market. The company successfully raised an additional $49 million in funding, bringing its total funding round to a substantial $97 million. …
Malte Mueller | Fstop | Getty Images Dawn Capital, one of Europe’s leading investors in business-to-business software companies, has secured $700 million in funding across two new funds. This move reaffirms their commitment to supporting technology companies in the region during a time when venture capital funding for startups has significantly decreased. As a major …
Innovation begins with ideas, but ultimately relies on financial support. Richard Lyons, the University of California, Berkeley’s first-ever chief innovation officer, has implemented a program that generates funding for innovative startups and channels the profits back to the university. Should you keep investing in Big Tech? Lyons, a former dean of UC Berkeley’s business school …
Instacart, the popular grocery-delivery company, made its highly anticipated debut on the Nasdaq on September 19th, 2023, marking the end of a 21-month tech IPO freeze. However, the market’s reaction so far has not been as exciting as expected, sending a concerning message to other late-stage startups waiting on the sidelines. Joined by chip designer …