Start-Up

Elon Musk’s xAI Seeks To Raise $1 Billion In Equity

AI startup xAI, founded by one of the richest men in the world Elon Musk, seeks to raise up to…

12 months ago

OpenAI’s Altman Courted Investors For AI Chip, Device

In weeks before his shock ouster from OpenAI Altman was reportedly looking to raise billions for an AI chip start-up…

1 year ago

Bumble Chief Whitney Wolfe Herd To Step Down

Whitney Wolfe Herd, chief executive and founder of women-first dating app Bumble, to step down after nearly 10 years

1 year ago

WeWork Files For Bankruptcy Protection In US

WeWork, once valued privately at $47bn and seen as future of workplace, files for bankruptcy in US amidst heavy losses

1 year ago

Chinese AI Start-Up Achieves $1bn Valuation In Eight Months

Beijing-based AI start-up 01.AI, founded by computer scientist Kai-Fu Lee, valued at more than $1bn less than eight months after…

1 year ago

Space Start-Up Investment Sees Third-Quarter Growth

Investment in space start-ups sees growth in third quarter for first time in more than a year as investors look…

1 year ago

AMD To Buy AI Startup As Nvidia Battle Heats Up

US chipmaker AMD is to acquire startup Nod.ai for undisclosed amount, as AI competition against rival Nvidia ramps up

1 year ago

Instacart Reports Revenue Surge Ahead Of IPO

US grocery delivery firm Instacart reports 31 percent revenue surge ahead of delayed offering, as investors look for IPO recovery

1 year ago

Elon Musk Launches AI Startup xAI

AI startup known as xAI from Elon Musk seeks to challenge OpenAI's ChatGPT with a 'pro-humanity' alternative offering

1 year ago

Virgin Orbit Shuts Down After Chapter 11 Filing

Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector

1 year ago

Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’

Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'

2 years ago

Paris To Ban E-Scooters After Referendum

Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part

2 years ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

2 years ago

China Overhauls Overseas, Domestic IPO Rules

China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown

2 years ago

Google ‘Invests $300m’ In AI Start-Up Anthropic

OpenAI competitors Anthropic and Cohere raising hundreds of millions as tech giants seek foothold in generative AI sector

2 years ago

Tech Nation To Shut Down After Government Pulls Grant

UK start-up backer Tech Nation to shut down operations after government awards critical grant to Barclays digital incubator

2 years ago

Microsoft Seals Multi-Billion Dollar Deal With OpenAI

Microsoft expands relationship with start-up OpenAI in multi-billion dollar deal, in major bet that AI can transform its offerings

2 years ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

2 years ago

Maersk, IBM Discontinue Blockchain Shipping Platform

TradeLens, a blockchain platform from shipping giant Maersk and IBM is to be discontinued, to due lack of commercial viability

2 years ago

Amazon Launches Virtual Health Clinics In US

The doctor will see you now. E-commerce giant Amazon launches virtual doctor surgery in the US for people's common ailments

2 years ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago

ByteDance Plans Share Buy-Back As IPO Stalls

Planned share buy-back values TikTok owner ByteDance at $300bn, making it one of world's most valuable start-ups, as IPO plans…

2 years ago

Adobe Defends ‘Transformative’ $20bn Deal For Figma

Adobe defends 'transformative' deal to buy collaborative design start-up Figma for $20bn in record-breaking acquisition as investors balk

2 years ago

SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff

Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads…

2 years ago

French Music Service Deezer Slumps On Market Debut

Spotify and Apple Music competitor Deezer falls below opening price after long-delayed IPO in Paris as SPAC strategy fails to…

2 years ago

UK Digital Strategy Takes Aim At Cyber-Security, Skills Gap

Security expert praises new government digital strategy for much-needed focus on cyber-security and reducing skills gap as London Tech Week…

2 years ago

Online Safety Bill May Pose Risk To Startups, Suggests Regulator Boss

UK's forthcoming online safety bill risks stifling start-ups, the UK tech regulator chief who will help oversee its eventual implementation

3 years ago

Apple Acquires UK Fintech Credit Kudos – Report

Tech giant Apple reportedly acquires British fintech start-up Credit Kudos for $150m, to perhaps bolster its financial services operation

3 years ago