Harvey Acquires Hexus in Strategic Move to Boost Legal AI Innovation In a significant development in the legal tech arena, Harvey, a trailblazing legal AI startup, has successfully acquired Hexus, a burgeoning company known for its innovative tools that create product demos, videos, and guides. This acquisition aligns with Harvey’s strategy to enhance its offerings ...
Kais Khimji Launches Blockit: A Game-Changer in AI Scheduling Kais Khimji, a seasoned venture investor, is making headlines as he transitions from the investment world to the startup arena with his innovative AI scheduling company, Blockit. Known for his six-year tenure as a partner at Sequoia Capital, Khimji has always harbored aspirations of becoming a ...
Revolutionizing AI: Quadric’s Leap into On-Device Technology As businesses and governments seek to reduce cloud infrastructure costs while enhancing local capabilities, the demand for local AI solutions has never been higher. Quadric, a San Francisco-based chip-IP startup founded by veterans of the bitcoin mining firm 21E6, is at the forefront of this transformation. The company ...
Preply Hits $1.2 Billion Valuation Amid Impressive Growth and AI Integration Language learning marketplace Preply has reached a remarkable valuation of $1.2 billion after successfully raising $150 million in a Series D funding round. This milestone marks a significant evolution for the 14-year-old company, which has garnered support from notable investors such as Horizon Capital, ...
Meta’s Oversight Board to Review Permanent Account Ban Policies Meta’s Oversight Board is taking on a crucial case that could reshape how the tech giant handles permanent account bans. These bans can prevent users from accessing their profiles, losing cherished memories, and hampering connections with friends, while creators risk losing communication with their audiences. A ...
Sequoia Capital Bets Big on Anthropic, Defying Investment Norms In a surprising move that’s sending shockwaves through Silicon Valley, Sequoia Capital is reportedly joining a massive funding round for Anthropic, the AI startup known for its AI model, Claude. This news comes from a recent report by the Financial Times, and it’s raising eyebrows among ...
Billionaire Exodus from California: The Real Reason Behind Their Exit California’s proposed wealth tax is causing a stir among the state’s billionaires, and it’s not just the 5% rate that has them on edge. The New York Post recently shed light on the specifics—a proposed tax impacting founders based on their voting shares rather than ...
Elon Musk Demands Up to $134 Billion from OpenAI in Groundbreaking Lawsuit In a stunning legal twist, Elon Musk has called for damages between $79 billion and $134 billion from OpenAI and Microsoft. Musk alleges that the AI company has strayed from its initial nonprofit mission, a claim first reported by Bloomberg. Expert Witness Weighs ...
Anthropic Appoints Irina Ghose to Lead India Operations in AI Expansion Anthropic, a prominent American AI startup, is making significant strides in India by appointing Irina Ghose, the former Managing Director of Microsoft India, to lead its new office in Bengaluru. This strategic move highlights the importance of India as a rapidly growing market for ...
EtherealX Soars: Indian Space Tech Startup Valuation Skyrockets to $80.5 Million Ethereal Exploration Guild, popularly known as EtherealX, has made headlines by significantly increasing its valuation by 5.5 times to a remarkable $80.5 million following its recent funding round. The Indian space technology startup is focused on developing a fully reusable launch vehicle and is ...
AI Revolutionizes Drug Discovery: Converge Bio Secures $25 Million Funding Artificial intelligence (AI) is rapidly reshaping the landscape of drug discovery as pharmaceutical and biotech firms seek to accelerate research and development timelines along with increasing the success rate in a challenging economic environment. Over 200 startups are now vying to integrate AI into their ...
Africa’s Industrial Future: Young Innovators Launch Defense Tech Company Terra Industries In an era marked by rapid industrialization and challenges, young entrepreneur Nathan Nwachuku, 22, is spearheading a revolutionary venture in Africa’s defense sector. After five years in the edtech industry, Nwachuku recognized the immense potential within Africa, a continent poised on the brink of ...
SpaceX Receives FCC Approval for Major Starlink Expansion In a significant development for global internet coverage, the Federal Communications Commission (FCC) has granted SpaceX the green light to launch an additional 7,500 second-generation Starlink satellites. This approval brings the total number of Starlink satellites planned for deployment worldwide to a staggering 15,000. Key Updates on ...
The Future of Robotics Unveiled at CES 2023 The annual Consumer Electronics Show (CES) has once again established itself as a showcase for groundbreaking robotics technology, with notable innovations being unveiled this year. Among the highlights was the production-ready debut of Atlas, Boston Dynamics’ humanoid robot. Visitors explored the vibrant showroom filled with various robots, ...
An Unprecedented Partnership: Anthropic Teams Up with Allianz on AI Innovations Key Highlights of the New Alliance AI research lab Anthropic is making waves in the enterprise sector, recently securing a significant deal with Allianz, a global insurance leader based in Munich, Germany. This groundbreaking partnership aims to introduce “responsible AI” into the insurance realm, ...
Apple Card Gets New Issuer: JPMorgan Chase Takes Over from Goldman Sachs In a significant shake-up for Apple Card users, Apple has announced that JPMorgan Chase will become the new issuer of the Apple Card, replacing Goldman Sachs. This transition is expected to unfold over the next two years. Despite this change in banking partners, ...