Anthropic, a major player in the AI world, is on the hunt for more money. They've just had some early chats with MGX, a big investment group based in Abu Dhabi. This is interesting because it's only been a short time since Anthropic secured a massive funding round. The CEO of Anthropic, Dario Amodei, was in the Middle East recently. He met with MGX's CEO, Ahmed Yahi...
Khalid Ashmawy knows firsthand how tough it can be to send money back home. When he was a student in Europe, sending cash to his family in Cairo was slow and expensive. Even years later, working in the U. S. at big companies like Microsoft and Uber, the problem didn't go away. This frustration led him to create Munify, a digital bank that makes sending money to Egypt...
A CEO who once made headlines for her innovative business idea is now facing serious legal trouble. Christine Hunsicker, the founder of CaaStle Inc. , is accused of tricking investors out of a huge amount of money. The company promised to revolutionize the clothing industry by offering a "Clothing-as-a-Service" model, but things didn't go as planned. Prosecutors say...
In the fast-paced world of tech startups, one engineer managed to pull off a feat that left many founders baffled. Soham Parekh, a software engineer, admitted to working for multiple Silicon Valley startups simultaneously. This revelation came after a viral post on social media exposed his actions. Founders shared their experiences, painting a picture of an engineer...
Walmart has made a significant shift in its financial strategy. The retail giant has decided to launch its own credit cards through OnePay. This is a big deal because it shows Walmart is serious about expanding its financial services. OnePay, which is mostly owned by Walmart, has teamed up with Synchrony. This company is well-known for handling credit cards behind th...
The partner of a once-celebrated Silicon Valley figure has secured significant funding for a new biotech venture. This startup, Haemanthus, aims to revolutionize medical testing using artificial intelligence. The name Haemanthus is inspired by the Greek word for "blood flower, " hinting at its focus on blood-related technologies. The individual behind this new endea...
AI agents are becoming more popular and many startups are trying to create tools to automate tasks online. One of these startups is Browser Use. They have created a tool that makes websites easier for AI agents to understand and navigate. Browser Use has recently raised 17 million dollars in seed funding. This funding was led by Felicis' Astasia Myers. Other investo...
Humane's AI Pin is no more. HP scooped up most of Humane's assets for $116 million, which is less than half of the $240 million Humane raised from investors. This means the AI Pin, priced at $499, is now out of production. On February 28, these devices will lose their connection to Humane's servers, making them useless for calls, messaging, AI queries, and cloud acce...
Starting with their exceptional nuclear power and electricity over generation, France has decided to host AI investments focused on data centers. The total round runs up to 109 Billion Euro = ~112B USD. President Macron set himself in a hastily organized television interview suggesting this AI investment wave could be a game changer. Investments ...
Ever thought about diving into the world of meme coins but found it too complicated? Well, a new app called Neverless wants to change that. Founded by three former Revolut executives, this startup is on a mission to make crypto trading simpler and more accessible. Phuc To, who led Revolut's crypto project, teamed up with Mikael Peydayesh and Arthur Johanet to create ...