Investment in generative AI startups, which develop AI-powered products to generate text, audio, video, and more, shows no signs of slowing down. However, these investments are becoming more concentrated in a smaller number of early-stage ventures. From January to July 16, 2023, 225 generative AI startups raised a staggering...
In an unusual setting for entrepreneurial pursuits, 17-year-old Eric Zhu launched Aviato, an advanced analytical platform for private market data, from a high school bathroom in Carmel, Indiana. Now, his startup is emerging from stealth mode with an impressive $2.3 million in venture funding.
Aviato offers comprehensive tracking of funding...
U.S. telecom giant AT&T has confirmed a major data breach that has compromised the phone records of nearly all its customers. This latest breach, which was discovered on April 19, has exposed millions of phone numbers, calling and text records, and location-related data.
AT&T has started notifying millions of affected...
For over a decade, real-money gaming and fantasy sports startups in India have operated under the broad label of video game companies. However, as regulatory scrutiny intensifies, a coalition of over 70 video game companies is calling on the Indian government to clearly distinguish between these industries.
In a letter...
Lucid Motors has made a significant stride in the electric vehicle (EV) market, delivering 2,394 vehicles in the second quarter of 2024. This milestone not only sets a new record for the company but also highlights its growing influence in the competitive EV landscape.
In the first quarter of 2024,...
SpaceX has introduced the Starlink Mini, a compact version of its satellite internet product designed to fit inside a backpack. This new offering aims to provide greater flexibility and connectivity options, particularly for those on the move. Starlink Mini is priced at $599, which is $100 more than the...
PowerSchool, a leading provider of K-12 education software, is set to go private in a $5.6 billion deal with Bain Capital. This acquisition is part of a broader trend of private equity firms snapping up enterprise software companies at attractive valuations.
Founded in 1997, PowerSchool began as a student information...
In a significant move aimed at addressing the needs of large organizations, Canva has launched a new enterprise version of its popular design tool. This new release marks a shift from their previous offering, which was more suitable for small teams rather than fulfilling the comprehensive requirements of large...
In the Netherlands, where sunny days can be few and far between, solar energy output often falls short. Wind turbines can help bridge the gap, but what happens when both the sun and wind are elusive? Enter Ore Energy, a startup poised to revolutionize long-duration energy storage with utility-scale...
Microsoft is taking a bold step into the future of computing by integrating generative AI deeply into its Windows operating system. At their recent Build developer conference, Microsoft introduced Copilot+ PCs, a new line of Windows machines designed to harness the power of AI. Alongside these PCs, they announced...
Lydia, the renowned French payment service, has made a significant pivot by introducing Sumeria, its latest innovation aimed at reshaping mobile banking. With a strong user base of 8 million, Lydia's decision to launch a challenger bank marks a pivotal moment in its evolution from a simple payment app...
As demand for generative AI continues to surge, the race to secure adequate and affordable GPU resources is intensifying. This burgeoning interest has cast a spotlight on alternative cloud providers like CoreWeave, who are stepping up as viable contenders against traditional giants in the cloud computing arena.
CoreWeave, originally a...
In an era where digital security is more crucial than ever, Google is stepping up its game with significant enhancements to its Advanced Protection Program (APP), especially timed for the upcoming U.S. presidential election. This initiative is particularly focused on safeguarding individuals who are frequently the targets of sophisticated...
When we trust our personal data to health insurance giants, we seldom imagine it falling into the wrong hands. Yet, that's exactly what happened with UnitedHealth's subsidiary, Change Healthcare, which recently suffered a significant ransomware attack leading to a vast theft of American health data.
UnitedHealth Group, one of the...
Microsoft is upping the ante in the artificial intelligence (AI) domain with the launch of its brand-new London hub, part of its burgeoning consumer AI division. Steering the ship is Jordan Hoffmann, a distinguished figure in the AI science and engineering landscape, whose recent transition from the innovative AI...
OpenAI is ushering in a new era of artificial intelligence with the expansion of its Custom Model program, offering a tailored approach to generative AI that promises to transform how enterprises leverage technology for their unique needs. This initiative marks a significant leap forward, providing organizations the tools to...
Spotify, renowned for revolutionizing music streaming, is now venturing into a new domain: e-learning. With over 600 million users already engaged with music, podcasts, and audiobooks on its platform, Spotify aims to enrich the user experience by introducing an innovative line of online video courses. This strategic move opens...
In a groundbreaking move that marks a significant milestone for the African fintech and mobility sector, Moove has raised a monumental $100 million in its latest funding round. This infusion of capital sends Moove's valuation soaring to $750 million, signaling a new chapter of growth and technological innovation in...
In the bustling world of artificial intelligence, a new contender has emerged, courtesy of Elon Musk. Grok, developed by X (formerly known as Twitter), is not just any chatbot. It's Musk's bold foray into an arena dominated by giants like OpenAI's ChatGPT. What sets Grok apart? It's its personality—equipped...
