Category: News

Electric car manufacturer Tesla recently introduced its pedal-free and steering wheel-free robotaxis during the “We, Robot” event and is gearing up to launch them on the roads of California and Texas next year. During the third-quarter earnings call, Tesla CEO Elon Musk revealed that the company has already begun testing a ride-sharing platform in the...

In September, former OpenAI CTO Mira Murati announced her departure from the company through a post on X. According to sources close to the matter, Murati is now seeking investment for her new AI startup. While the name of the venture has not yet been disclosed to the public, the startup aims to develop AI-powered...

According to The Wall Street Journal, artificial intelligence startup Perplexity AI is in talks to raise $500 million, aiming for an $8 billion valuation. Currently valued at $3 billion, the company seeks to more than double its valuation with this new funding round. Based in Silicon Valley, Perplexity AI is entering its fourth funding round...

Stripe’s interest in crypto infrastructure has made headlines with reports suggesting it is set to acquire Bridge, a stablecoin platform. These rumors gained more traction after TechCrunch founder Michael Arrington posted about it on X (formerly Twitter) on Sunday. According to Arrington’s post, Stripe finalized the purchase of Bridge for $1.1 billion following negotiations that...

Czech Republic and Luxembourg-based investment firm Tensor Ventures has established a new €50 million fund aimed at investing in startups operating in strategic areas such as quantum technology, biotechnology, security, Software 2.0, energy, and climate. Founded in 2018 by deep-tech experts Roman Smola, Martin Drdul, and Petr Ulvr, Tensor Ventures focuses on investing in pioneering...

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...

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...

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...

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,...

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...