Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round
TECHNOLOGY POWERING BUSINESS
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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
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
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 optimism
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
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 $1 billion in equity offering
Autumn Statement 2023: Tech Implications
Chancellor's Autumn statement for the tech industry focused on AI, quantum computing, R&D tax credits, and more
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 and an AI-focused device
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
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
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 founding
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 for safe bets
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
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
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
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
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'
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
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
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 biggest bank failure since 2008
China Overhauls Overseas, Domestic IPO Rules
China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown
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
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
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
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 administration
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
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
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
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 stall
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