LinkedIn has announced that its Services Marketplace, a platform that allows freelancers to showcase their services and connect with more clients, has reached 10 million registered users. Launched in 2021 to capitalize on the shifting dynamics of the job market brought on by the COVID-19 pandemic, LinkedIn’s Services Marketplace enables users to promote their services...
Author: buzzodo
Post
Post
AI Strategy Reshapes TikTok’s Workforce, Hundreds Affected Globally
Chinese social media giant TikTok is restructuring its content operations to focus more on artificial intelligence (AI), resulting in significant layoffs across its global workforce. The downsizing is primarily impacting teams involved in content moderation, with Malaysia set to experience the brunt of the cuts, where over 500 employees will lose their jobs. As a...
Post
Hyundai’s Electric Cars to Join Waymo’s Robotaxi Fleet
Waymo, the autonomous driving technology company under Alphabet, is gearing up to add Hyundai Motor’s electric vehicles to its robotaxi fleet. The IONIQ 5 SUV models, assembled at Hyundai’s Georgia plant and equipped with Waymo’s self-driving technology, are expected to hit U.S. roads by the end of 2025. Currently, Waymo operates a fleet of 700...
Post
Poolside Takes Giant Strides with $500 Million Investment Round
AI-powered coding platform Poolside has secured $500 million in a Series B funding round led by Bain Capital Ventures. Major players like Nvidia and eBay participated in the round, alongside investors such as LG Technology Ventures, Felicis Ventures, Redpoint Ventures, Citi Ventures, Capital One Ventures, HSBC Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest,...
Post
OpenAI Raises $6.6 Billion, Valuation Soars to $157 Billion
Leading artificial intelligence company OpenAI has closed a highly anticipated investment round, raising $6.6 billion and pushing its valuation to $157 billion. This move places OpenAI among the world’s most valuable companies. The funding round was led by Thrive Capital, which contributed $1.25 billion. Other major participants included Microsoft, Khosla Ventures, Nvidia, SoftBank, Fidelity Management...
Post
Visa to Acquire AI-Focused Fraud Detection Firm Featurespace
One year after its last major acquisition, Visa has returned with another strategic move in the AI space. Visa announced that it is acquiring Featurespace, a company specializing in AI-powered payment protection technology. While the financial details of the transaction have not been disclosed, sources close to the matter estimate the deal’s value to be...
Post
AmpUp Secures $15 Million Series A to Expand U.S. Operations and Innovate in Energy Management Solutions
Electric vehicle (EV) charging platform AmpUp has successfully raised $15 million in a Series A funding round led by Touchdown Ventures. Other participants in the round included Autotech Ventures and MUUS Climate Partners. The U.S.-based company plans to use this investment to accelerate its expansion within the U.S. market and continue developing innovations in energy...
Post
The Power of a North Star Metric in Startup Growth
It’s easy to overlook that Facebook didn’t form its growth team until 2007, despite already having tens of millions of users. Alex highlights a common pitfall many startups encounter: “Startups shouldn’t have dedicated growth teams. The entire company should be focused on growth. The CEO should lead the charge. There needs to be someone who...
Post
Qualcomm’s Potential Acquisition of Intel: A Game-Changing Deal?
Intel’s shares surged by 3% on Friday following a report by The Wall Street Journal’s Lauren Thomas, Laura Cooper, and Asa Fitch, which revealed that Qualcomm has approached Intel about a possible acquisition valued at around $90 billion. This information comes from multiple unnamed sources. As noted by the authors, the potential deal would be...
Post
OpenAI Eyes Corporate Restructuring Amidst Investor Push for Profit Flexibility
It’s becoming increasingly likely that OpenAI will soon overhaul its complex corporate structure. Recent reports have indicated that the AI company is in discussions to raise $6.5 billion, valuing the company at $150 billion pre-money. However, according to Reuters, this deal hinges on whether OpenAI can restructure and eliminate its current profit cap for investors....