United States

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

In an email sent out to the Lyft employees, it was disclosed that a "significant" number of them would face job cuts. The measure has been taken to align fares with those of Uber and to reduce costs.

United States

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

In an email sent out to the Lyft employees, it was disclosed that a "significant" number of them would face job cuts. The measure has been taken to align fares with those of Uber and to reduce costs.

United States

Meta reportedly to lay off another 4,000 employees

Sources within the company have reported that Meta intends to terminate approximately 4,000 employees from its various entities this week, with a particular focus on those working in technical departments.

United States

Google’s Bard AI chatbot has gained the ability to generate and debug code

Google's Bard AI chatbot has gained the ability to generate and debug code

United States

Elon Musk has established a new company focused on artificial intelligence named X.AI

According to a state filing, Elon Musk has formed a new artificial intelligence firm called X.AI Corp. that is incorporated in Nevada. The company has authorized the sale of 100 million shares for private ownership, and Mr. Musk is the sole listed director, while Jared Birchall, the director of Musk's

United States

Teamworks has acquired ARMS Software after closing a $65 million Series E funding round

Teamworks, an enterprise SaaS company serving elite sports and tactical organizations globally, has announced a Series E funding led by Dragoneer Investment Group, a San Francisco-based, growth-oriented investment firm.

United States

Reach Capital shatters records with largest fund ever despite edtech industry slump

Despite a significant slowdown in the sector, Reach Capital, one of the leading venture capital firms focused on educational technology, has raised its largest fund to date.

Germany, United States

GaeaStar Secures $6.5 Million In Seed Funding For Its Eco-Friendly Clay Cups And Bowls Using 3D Printing Technology

GaeaStar is influenced by the ancient Indian culture and employs 3-D printing technology to fabricate cups and bowls utilizing clay, water, and salt. These containers decompose into dust after disposal, creating no detrimental waste.

United States, Silicon Valley

HSBC Acquires Silicon Valley Bank’s UK Unit for Just £1

In a dramatic turn of events, HSBC has rescued Silicon Valley Bank's UK arm and prevented a crisis in Britain's tech sector. The move comes after all-night talks led by Prime Minister Rishi Sunak and the Bank of England. With this acquisition, HSBC has ensured that Silicon Valley Bank's UK

United States, Silicon Valley

Silicon Valley Bank Plummets 60% – Experts Predicting a Major Banking Crisis Looming Ahead

The financial future of Silicon Valley Bank is looking bleak as its stock price plummeted by 60 percent on Thursday, leaving investors and industry experts speculating about which financial institution could be next to face similar troubles.

United States

Owl Labs raised $25 million funding in a Series C for it’s 360-degree video conferencing solutions

Owl Labs raised $25 million funding in a Series C for it's 360-degree video conferencing solutions

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Canada

United States

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

New Lyft CEO David Risher Shocks Industry With Plan To Lay Off Hundreds Of Workers

Meta reportedly to lay off another 4,000 employees

Google’s Bard AI chatbot has gained the ability to generate and debug code

Elon Musk has established a new company focused on artificial intelligence named X.AI

Teamworks has acquired ARMS Software after closing a $65 million Series E funding round

Reach Capital shatters records with largest fund ever despite edtech industry slump

GaeaStar Secures $6.5 Million In Seed Funding For Its Eco-Friendly Clay Cups And Bowls Using 3D Printing Technology

HSBC Acquires Silicon Valley Bank’s UK Unit for Just £1

Silicon Valley Bank Plummets 60% – Experts Predicting a Major Banking Crisis Looming Ahead

Owl Labs raised $25 million funding in a Series C for it’s 360-degree video conferencing solutions

The best Articles in our Network

Kraaft from Fance secures €13M to expand ‘WhatsApp for Construction’ App across Europe

Moment Energy secures $21.5M CAD to expand EV Battery Repurposing Operations

Sereact from Germany raises €25M to enhance AI-Powered Robotics for Logistics and Manufacturing

Aegis Energy secures €118M to develop Clean Energy Hubs for Commercial Vehicles in the UK

H2SITE secures €36M to tackle Hydrogen Supply Chain Challenges

The51 secures $51M to boost Food and AgTech Innovation