Today: July 07, 2024
Today: July 07, 2024

Latest From Krystal Hu

Business|Economy

US court decision casts shadow on diversity venture capital funding

Just weeks after a U.S. appeals court blocked a Black-owned venture capitalist from funding women-of-color-led businesses, the ruling has had a chilling effect across the

US court decision casts shadow on diversity venture capital funding
Business|Technology

Salesforce challenger Creatio achieves $1.2 billion 'unicorn' status with fundraising

Creatio, a low-code software platform for customer relationship management that competes with Salesforce, said on Wednesday it had secured $200 million in a new funding round,

Business|Technology

Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military

Neros, an autonomous drone startup founded about a year ago, has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones

Business

OpenAI removes Sam Altman's ownership of its Startup Fund

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the

OpenAI removes Sam Altman's ownership of its Startup Fund
Business

Exclusive-AI startup Cohere seeks $5 billion valuation in latest fundraising, source says

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation

Exclusive-AI startup Cohere seeks $5 billion valuation in latest fundraising, source says
Business

SK Telecom partners with AI search startup Perplexity in Korea

SK Telecom, South Korea's largest telco, is partnering with U.S.

SK Telecom partners with AI search startup Perplexity in Korea
Business

BMW taps humanoid startup Figure to take on Tesla's robot

Robotics startup Figure said it has signed a partnership with BMW Manufacturing to deploy its humanoid robots in the car maker's facility in the U.S., as more companies turn

BMW taps humanoid startup Figure to take on Tesla's robot
Business

Google Ventures adds general partner to back AI, open source startups

Venture capital firm GV, backed by Google parent Alphabet Inc, has hired Michael McBride from software firm GitLab as its latest general partner to focus on open-source and

Google Ventures adds general partner to back AI, open source startups
Business

Exclusive-Google in talks to invest in AI startup Character.AI -sources

Alphabet's Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train

Exclusive-Google in talks to invest in AI startup Character.AI -sources
Business

Amazon dedicates team to train ambitious AI model codenamed 'Olympus' -sources

Amazon is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet, two people familiar with the

Amazon dedicates team to train ambitious AI model codenamed 'Olympus' -sources
Business

US-China tensions will slow global chip industry, TSMC founder says

The founder of the world's biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow

US-China tensions will slow global chip industry, TSMC founder says
Business

LinkedIn lays off 668 employees as hiring activity slows

Microsoft's LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year for the social

LinkedIn lays off 668 employees as hiring activity slows

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