Start-Up

Perplexity Adds Shopping Features To AI Search

Perplexity adds shopping features to generative AI-powered search as it faces more direct competition from OpenAI's ChatGPT

4 days ago

Battery Maker Northvolt Misses Production Targets

Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant

4 days ago

SpaceX Prepares Tender Offer At $250bn Valuation

SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation

5 days ago

Autumn Budget Hikes Business Taxes, Seeks Growth

First Labour Budget in 15 years includes increased payouts from businesses and capital gains, as government looks to promote growth

3 weeks ago

Latest Funding Round Values Start-Up Sierra AI At $4.5bn

Start-up Sierra AI, co-founded by former Salesforce co-chief Bret Taylor, sees valuation more than quadruple in new funding round

4 weeks ago

Shein Profits Drop 70 Percent

Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it…

4 weeks ago

Worldcoin Rebrands To World Network, Ramps Up Iris Scanning

Sam Altman's Worldcoin rebrands itself as pledges to ramp up its controversial iris-scanning crypto project

1 month ago

OpenAI Backers ‘Betting It Will Be Worth Trillions’

Venture capital firms participating in $6bn-plus OpenAI funding round betting start-up will be worth trillions, report says

2 months ago

Jony Ive Confirms Working With OpenAI’s Altman On Device

Former Apple designer Sir Jony Ive confirms working with OpenAI chief Sam Altman on AI device 'less socially disruptive' than…

2 months ago

Nvidia Invests In Japan Start-Up Sakana AI

AI chip giant Nvidia invests in start-up Sakana AI in funding round that takes company to over $1bn valuation

3 months ago

Revolut Valued At $45 Billion, More Than Barclays, NatWest

Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks

3 months ago

Google Hires Character.AI Staff, Licenses Tech

Character.AI co-founders Noam Shazeer, Daniel De Freitas to return to Google along with other researchers in latest AI 'acqui-hire'

4 months ago

Revolut Gains UK Banking Licence

After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator

4 months ago

Troubled EV Maker Rivian Lays Out Path To Profitability

At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline

5 months ago

China-Linked Shein Faces Uphill Battle For IPO In US Or UK

China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient

5 months ago

OpenAI Co-Founder Ilya Sutskever To Start New AI Firm

Ilya Sutskever is creating a new AI firm, as part of his stated intention for a project that ‘personally meaningful’…

5 months ago

WeWork Emerges From Bankruptcy Protection

WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US

5 months ago

Saudi Fund Invests In China’s Biggest AI Start-Up

Saudi Arabian investment fund Prosperity7 reportedly contributes to funding round for China's Zhipu AI as US tries to keep allies…

6 months ago

Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bn

Elon Musk artificial intelligence start-up xAI concludes $6bn funding round valuing it at $24bn in coming weeks amidst heavy competition

6 months ago

Microsoft Invests 4 Billion Euros In France For AI, Cloud

Global spending spree from Microsoft continues, with huge investment for new data centre to drive AI and skills in France

6 months ago

Shares In Chinese EV Firm Zeekr Soar On Debut

EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales

6 months ago

Trump Media Warns Of ‘Potential Market Manipulation’

Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock…

7 months ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

7 months ago

Telegram Reaches 900m Users, Nears Profitability

Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO

9 months ago

Reddit Seeks Valuation Up To $6.4bn In NYSE Listing

Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor…

9 months ago

Reddit Looks For $6.5bn Valuation In NYSE IPO

Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round

9 months ago

First Neuralink Patient ‘Controls Mouse With Thoughts’

First human recipient of Neuralink brain implant can 'control a computer mouse with their thoughts', as company begins trials

9 months ago

UK EV Maker Arrival Collapses Into Administration

British electric vehicle start-up Arrival enters administration three years after being valued at $15bn, with 170 jobs at risk

10 months ago

Crypto Firm HashKey Attains Unicorn Status With $100m Funding Round

Hong Kong-based crypto firm HashKey Group attains valuation greater than $1bn after $100m funding round, in sign of digital asset…

10 months ago

Jack Ma-Backed Seafood Start-Up Begins Online Sales

Jack Ma-backed start-up 1.8 Meters Marine Technology begins selling seafood in stores and online as billionaire finds post-retirement focus

11 months ago