Category: startup
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Amazon lures cofounders from startup Adept to bolster AI efforts By Reuters
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By Greg Bensinger and Crystal Ho (Reuters) – Amazon.com Inc has hired the founders and some of its team members of artificial intelligence startup Adept, a move that mirrors rival Microsoft Corp (NASDAQ:MSFT.O), as it seeks to combat the perception that it is playing catch-up in AI. Adept said in…
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Israeli startup R2 secures the wireless front
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Among the early-stage startups in Israel’s defense sector is Wireless Sensor R2 wirelessFounded three and a half years ago by Dr. Jephthah Richter, the company has developed a product that provides full-spectrum defense. This means that a hostile entity can be located based on which of its devices is transmitting…
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Pavraj takes a bite of meat business with meatless startup
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At the Kenya Meat Expo and Conference held last week, the sweet smell of grilled meat whetted the appetites of many. But in the meat-filled environment lurks a stranger, Paaraj Sehra. While many exhibitors displayed meat products and meat cutting equipment, Pavraj had meat alternative products, made from soybeans and…
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EV startup Fisker’s U.S. units file for bankruptcy By Reuters
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(Reuters) – Electric vehicle startup Fisker, which filed for Chapter 11 protection earlier this week, said its U.S. units also filed for bankruptcy in a Delaware court on Wednesday. Fisker Inc (OTC:) and its other US subsidiaries said they have entered Chapter 11, adding that discussions about selling assets are…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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French Startup, Mistral AI, Secures $640M Funding To Challenge Industry Giants
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Mistral AI team in Paris / Source: Mistral AI In the rapidly evolving world of artificial intelligence (AI), a French startup, Mistral AI, as a formidable competitor, ready to challenge the dominance of industry giants like OpenAI, Meta, and Anthropic. Founded in 2023 by former employees of tech giants Meta…
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Exclusive-Japan spot work startup Timee targets July listing, sources say By Reuters
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Written by Sam Nosi and Miho Oranaka TOKYO (Reuters) – Japanese startup Timee, which operates a platform that connects workers looking for side gigs with labor-strapped companies, is targeting a July listing in Tokyo, two people familiar with the matter said. The startup, founded in 2017, aims for a valuation…
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Bitcoin Startup All-In On New Layer 2 Scaling Protocol
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A year after it was proposed, a new project was unveiled today committed to turning the ship concept into reality. Ark Labs The Bitcoin company announced that it is developing a layer 2 Bitcoin network and hopes to capitalize on the growing demand for scalable and low-cost Bitcoin payment solutions.…
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Elon Musk’s AI Start-Up xAI Raises $6bn in Funding
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Elon Musk’s artificial intelligence startup, xAI, has raised $6 billion from high-profile investors, including Andreessen Horowitz and Sequoia Capital. This latest round of funding boosts the company’s value to an estimated $24 billion, making it an important player in the AI landscape. The newly acquired funds will be instrumental in…
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Startup Nation Central data reveal the opportunities
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“Since 7.10, we have seen the Israeli high-tech industry still delivering the goods,” declared Eliran Elimelich, Vice President of Ecosystem Development at Startup Nation Central (SNC), speaking at the Novartis Healthcare Innovation Conference, underscoring the position of local biotech companies. “Since the beginning of the war, $2.5 billion has been…
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Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military By Reuters
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By Crystal Ho (Reuters) – Niros, a self-driving drone startup founded about a year ago, said it has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones for sale to Ukraine. Niros joins a string of US drone companies trying…
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Smart Steps To Investing In Cryptocurrency For Beginners: Your Start-Up Guide
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Curious about investing in cryptocurrency for beginners? This guide is designed for new investors seeking to navigate the complex world of crypto. We’ll provide you with straightforward information about how to get started, from choosing your first digital currency to making wise investment decisions. Delve into this article to discover…