Category: News

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...

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...

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...