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Elon Musk May Acquire TikTok's US Operations to Avert Ban

Elon Musk May Acquire TikTok's US Operations to Avert Ban

In a bid to prevent TikTok from being banned in the U.S., ByteDance is reportedly considering selling the platform's U.S. operations to Elon Musk. As the January 19 deadline looms, sources suggest that Musk's strong ties with American politics could play a crucial role in the deal. The potential acquisition would allow TikTok to retain its user base while providing Musk's X platform with new advertising opportunities and user data for AI development. However, TikTok faces mounting legal challenges that could soon shut down its operations in the country.

Created at: January 14, 2025 12:30pm

Venture Funding in France Holds Steady, Driven by AI Startups

Venture Funding in France Holds Steady, Driven by AI Startups

The latest report from 20VC highlights the stability of venture funding in France, with €7.1 billion raised in 2024, a slight increase from €6.8 billion in 2023. Despite a significant drop from the €11.8 billion raised in 2022, artificial intelligence now accounts for 27% of this funding, with AI startups seeing an 82% increase year-over-year. However, non-AI funding has declined by 11%. France remains the third-largest tech ecosystem in Europe, and 45 unicorns exist, underscoring both challenges and opportunities in the sector amid a changing economic landscape.

Created at: January 14, 2025 12:30pm

UK CMA Launches Antitrust Investigation into Google's Search Dominance

UK CMA Launches Antitrust Investigation into Google's Search Dominance

The UK's Competition and Markets Authority (CMA) has initiated an antitrust investigation into Google Search, which holds over 90% of the market share in the UK. This marks the CMA's first official investigation of 2025, focusing on Google's AI search advancements and its extensive search advertising business. Stakeholders can submit comments until February 3. The CMA aims to assess whether Google creates barriers to competition and innovation while potentially misusing consumer data. Proposed remedies may include increased market access for competitors and even business restructuring.

Created at: January 14, 2025 11:30am

Bioptimus Secures $41M to Create a 'GPT for Biology'

Bioptimus Secures $41M to Create a 'GPT for Biology'

French AI startup Bioptimus has raised $41 million to develop a foundational AI model aimed at understanding and simulating biological processes. This innovative model seeks to predict disease outcomes and enhance treatment strategies by leveraging sensitive clinical data. Co-founder Jean-Philippe Vert highlights its potential across various industries, akin to ChatGPT's capabilities in text generation. Founded just last year, Bioptimus has already accumulated $76 million in funding, showcasing the growing trend of AI investment in France's biotech sector. The latest round was led by Cathay Innovation, with significant participation from various venture firms.

Created at: January 14, 2025 10:30am

LemFi Secures $53M Funding to Expand Remittance Services in Asia and Europe

LemFi Secures $53M Funding to Expand Remittance Services in Asia and Europe

LemFi, a London-based fintech platform, has raised $53 million in new funding to bolster its remittance services in Asia and Europe. With over $669 billion in remittance inflows reported in 2023, LemFi aims to tap into this growing market by enhancing customer acquisition and expanding its geographical footprint. The company has seen rapid growth since its 2020 launch, boasting over one million active users and processing $1 billion in monthly payment volume. The Series B round was led by Highland Europe, bringing LemFi's total funding to $85 million.

Created at: January 14, 2025 8:00am

Barcelona Emerges as a Notorious Hub for Spyware Startups

Barcelona Emerges as a Notorious Hub for Spyware Startups

Barcelona is rapidly becoming a center for spyware startups, drawing attention from security researchers and industry experts. Companies like Palm Beach Networks, linked to former NSO Group personnel, are setting up operations in the city, citing favorable living conditions and tax benefits. Concerns grow over the implications for European privacy standards, especially in light of Spain's past with surveillance technologies. Activists warn that this trend could exacerbate existing abuses of power and corruption. With over 500 cybersecurity companies operating, Barcelona's startup scene is thriving, but the influx of spyware firms raises significant ethical questions.

Created at: January 14, 2025 7:30am

China Open to Elon Musk's TikTok US Acquisition Amid Ban Discussions

China Open to Elon Musk's TikTok US Acquisition Amid Ban Discussions

Chinese officials are reportedly considering a scenario where ByteDance sells TikTok's US operations to Elon Musk if the Supreme Court upholds the app's ban on January 19th. Despite a preference for TikTok to remain with ByteDance, the discussions suggest a willingness to collaborate with Donald Trump's administration. Musk's X could potentially absorb TikTok's 170 million American users and significant ad revenue. A TikTok spokesperson dismissed the report as 'pure fiction.' The situation raises questions about China's influence over TikTok amidst the ongoing legal challenges.

Created at: January 14, 2025 2:00am

TikTok Faces Imminent US Ban: Explore Alternative Apps

TikTok Faces Imminent US Ban: Explore Alternative Apps

With a potential shutdown looming in just six days, TikTok's parent company, ByteDance, must divest its U.S. operations or face a ban as the Supreme Court deliberates. In light of this, several alternative apps are emerging to fill the void. Instagram Reels, YouTube Shorts, and Snapchat Spotlight are among the platforms vying to capture TikTok's audience. Meanwhile, newer contenders like Triller and Lemon8 are positioning themselves as viable alternatives. As uncertainty surrounds TikTok's future, users are encouraged to explore these options for short-form video content.

Created at: January 14, 2025 12:00am

Microsoft Launches CoreAI to Boost AI Development

Microsoft Launches CoreAI to Boost AI Development

Microsoft has established a new engineering organization called CoreAI, aimed at enhancing AI infrastructure and software development. Jay Parikh, formerly at Meta, will lead this division, reporting directly to CEO Satya Nadella. The CoreAI team merges existing developer and AI platform groups to prioritize AI initiatives. Nadella emphasized a 'model-forward' approach for the upcoming year, focusing on transforming application categories. This strategic move reflects Microsoft's commitment to integrating AI across its software offerings, paving the way for innovative developments in technology.

Created at: January 13, 2025 11:00pm

Robinhood Settles SEC Investigation with $45M Payment

Robinhood Settles SEC Investigation with $45M Payment

Robinhood has agreed to a $45 million settlement following an investigation by the Securities and Exchange Commission (SEC) regarding multiple alleged violations. The settlement involves two of Robinhood's brokerage units, which failed to implement adequate policies to safeguard customer information. The SEC highlighted a significant data breach in November 2021, where over five million email addresses were reportedly compromised. Furthermore, the units did not establish a comprehensive program to defend customers against identity theft. This settlement underscores the importance of robust data protection measures in the fintech sector.

Created at: January 13, 2025 11:00pm

OpenAI Proposes Comprehensive AI Regulation Blueprint for U.S. Government

OpenAI Proposes Comprehensive AI Regulation Blueprint for U.S. Government

OpenAI has unveiled an 'economic blueprint' aimed at guiding U.S. AI regulation in collaboration with the government. The document emphasizes the need for increased federal investment in AI infrastructure, including chips and energy sources. OpenAI argues that a unified national policy is essential, as states introduce conflicting AI-related bills. The blueprint also calls for the development of best practices for AI model deployment and export controls to safeguard national security. Additionally, it addresses copyright issues concerning the use of publicly available information in AI training, advocating for the protection of creators' rights.

Created at: January 13, 2025 9:00pm

CIA's First CTO Nand Mulchandani Eyes Future with Trump Administration

CIA's First CTO Nand Mulchandani Eyes Future with Trump Administration

Nand Mulchandani, the CIA's inaugural Chief Technology Officer, discusses the agency's strategic priorities in light of the incoming Trump administration. He emphasizes the significance of technology competition, particularly concerning China, and the need for enhanced AI deployment. Mulchandani, who has a rich background in Silicon Valley, is keen on improving government processes through tech enablement. As the CIA adapts to new leadership, he highlights the importance of collaboration with startups and VCs. Mulchandani's future role remains uncertain amidst the political transition.

Created at: January 13, 2025 9:00pm

Prince Harry and Meghan Markle Criticize Meta's Fact-Checking Changes

Prince Harry and Meghan Markle Criticize Meta's Fact-Checking Changes

Prince Harry and Meghan Markle have expressed their discontent with Meta's recent adjustments to its fact-checking policies, claiming it undermines free speech. They argue that the updated 'Hateful Content Policies' do not safeguard free expression, but rather create an atmosphere where hate speech can silence communities essential to democracy. Meghan, who recently returned to Instagram, highlighted her past discussions with Meta about online safety. The criticism was echoed by Mastodon CEO Eugen Rochko and Meta's oversight board co-chair Michael McConnell, who both voiced concerns over the lack of consultation regarding these changes.

Created at: January 13, 2025 8:00pm

Lawmakers Face Backlash Over TikTok Ban Hypocrisy

Lawmakers Face Backlash Over TikTok Ban Hypocrisy

U.S. lawmakers who voted for a bill to ban TikTok are being criticized by users on the platform for their perceived hypocrisy. Senators Cory Booker, Sherrod Brown, Bob Casey Jr., and John Fetterman have continued posting on TikTok despite supporting legislation that could outlaw the app by January 19. Users are flooding their posts with comments accusing them of betrayal, often using snake emojis. The Supreme Court is reviewing the law, which mandates TikTok's sale to an American firm or a ban. Billionaire Frank McCourt has proposed buying TikTok's U.S. assets to avert the ban.

Created at: January 13, 2025 7:30pm

Blaize: The First AI Chip Startup Set to Go Public in 2025

Blaize: The First AI Chip Startup Set to Go Public in 2025

Blaize, an AI chip startup founded by former Intel engineers, is preparing for its NASDAQ debut via a SPAC deal, marking it as the first in its sector to go public in 2025. The company has raised $335 million from notable investors, including Samsung and Mercedes-Benz, and aims to manufacture chips for edge applications. Despite losing $87.5 million on $3.8 million in revenue last year, Blaize has $400 million in potential deals lined up. CEO Dinakar Munagala emphasizes a shift towards AI integration in smart products, distinguishing Blaize from larger data center-focused competitors.

Created at: January 13, 2025 7:30pm

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Mid-Sized VC Firms at Risk of Failure, Says NY VC Ben Lerer

Ben Lerer, managing partner at Lerer Hippeau, warns that mid-sized venture capital firms are facing an uphill battle for survival. He predicts a growing divide in the VC landscape, with funds like Thrive and a16z attracting most investments, while smaller, specialized firms thrive. Lerer's insights come amid reports of declining active venture firms in the U.S. as many struggle to secure funding post-2021's investment boom. Notably, Foundry Group recently announced its closure, illustrating the precariousness of mid-tier firms in today's market.

Created at: January 13, 2025 7:30pm

New Initiative 'Free Our Feeds' Aims to Liberate Social Media from Billionaire Control

New Initiative 'Free Our Feeds' Aims to Liberate Social Media from Billionaire Control

A coalition of tech entrepreneurs has launched 'Free Our Feeds,' a campaign seeking to protect social media from billionaire influence by leveraging Bluesky’s AT Protocol. The initiative aims to create an open ecosystem for social networks that is independent of corporate power. With a goal of raising $30 million, they plan to establish a public-interest foundation to fund the development of interoperable platforms. This comes as Meta loosens its content moderation policies, raising concerns over centralized control. The team includes notable supporters like actor Mark Ruffalo and Wikipedia founder Jimmy Wales.

Created at: January 13, 2025 6:00pm

Raspberry AI Secures $24M to Transform Fashion Design with Generative AI

Raspberry AI Secures $24M to Transform Fashion Design with Generative AI

Raspberry AI, a startup revolutionizing fashion design, has raised $24 million in a Series A funding round led by Andreessen Horowitz. Founded two years ago by Cheryl Liu, the company leverages generative AI to allow designers to quickly visualize and iterate designs using its text-to-image platform. This innovation enables brands to create numerous design iterations without the need for physical samples. With 70 clients, including Under Armour and MCM Worldwide, Raspberry plans to use the new funds to expand its team and venture into home and cosmetics product design.

Created at: January 13, 2025 5:30pm

Biden Administration Denies Tesla’s $100 Million Charging Request Again

Biden Administration Denies Tesla’s $100 Million Charging Request Again

The U.S. Department of Transportation has passed over Tesla’s application for nearly $100 million in funding for a big rig charging corridor. The decision comes as Tesla struggles with its electric big rig program, having only delivered early versions of the Tesla Semi. Tesla's request was part of the Charging and Fueling Infrastructure (CFI) program, which aims to enhance EV charging infrastructure. Despite previous funding requests, Tesla's project TESSERACT remains in limbo as the company continues to build its facility in Nevada. Upcoming funding opportunities remain uncertain under the new administration's priorities.

Created at: January 13, 2025 5:00pm

Biden Administration Unveils New AI Chip Export Restrictions

Biden Administration Unveils New AI Chip Export Restrictions

In a significant move, the Biden administration has announced new guidelines for exporting AI chips, categorizing countries into three groups. While allies like Japan and South Korea face no restrictions, adversaries such as China and Russia will see tighter controls. Most countries, including Mexico and Portugal, are subjected to a cap of 50,000 graphics processing units, potentially hindering their AI adoption. Nvidia criticized the rules as ‘unprecedented and misguided,’ warning they could stifle global innovation. The guidelines are part of an ongoing strategy to manage AI chip distribution ahead of the administration's transition.

Created at: January 13, 2025 5:00pm

Clearwater Acquires Enfusion for $1.5B in a Strategic Move

Clearwater Acquires Enfusion for $1.5B in a Strategic Move

Clearwater Analytics has announced its agreement to acquire Enfusion, an investment management platform, for $1.5 billion. The deal, supported by an $800 million loan and a $200 million credit line, allows Enfusion shareholders to choose cash, stock, or a combination. Clearwater plans to integrate Enfusion’s technology into its offerings, aiming for a comprehensive investment management solution. With Enfusion reporting significant revenue growth in 2024, this acquisition is seen as a pivotal expansion into the hedge fund industry. Approval from shareholders and regulators is expected before the deal closes in Q2 2025.

Created at: January 13, 2025 5:00pm

24-Year-Old Founder Raises $3M for AI-Driven Accounting Startup After Exiting to Coinbase

24-Year-Old Founder Raises $3M for AI-Driven Accounting Startup After Exiting to Coinbase

Pryce Yebesi, a 24-year-old entrepreneur, has successfully raised $3 million for his new venture, OpenLedger, after selling his previous company, Utopia Labs, to Coinbase. OpenLedger aims to modernize outdated accounting software by embedding automated solutions into existing enterprise products. The funding round was led by Kindred Ventures, with notable participation from investors like Adventure Fund and Brex. Yebesi's experience at Utopia highlighted the need for more efficient accounting tools, prompting the development of an AI-driven modular system. OpenLedger plans to support a million users by year-end, focusing on the needs of small and medium-sized businesses.

Created at: January 13, 2025 5:00pm

Apple's iPhone 17 Air: A Step Towards Foldable Innovation

Apple's iPhone 17 Air: A Step Towards Foldable Innovation

Apple is reportedly set to launch the iPhone 17 Air, a groundbreaking ultra-thin smartphone measuring just 5.5mm. This device will serve as a precursor to the anticipated foldable iPhone, expected by 2026. Notable features include eSIM-only functionality and advanced technologies like an Apple 5G modem and ultra-thin batteries. Industry insiders suggest the iPhone 17 Air may retail for $899, though it might lack some features of Pro models. Apple's foray into foldable technology could disrupt the smartphone market, as competition intensifies with its innovative designs.

Created at: January 13, 2025 4:30pm

Xiaohongshu Surges to Top of App Store Amid TikTok Uncertainty

Xiaohongshu Surges to Top of App Store Amid TikTok Uncertainty

As TikTok faces a potential shutdown in the U.S. on January 19, the Chinese short-form video app Xiaohongshu has climbed to the number one spot in the U.S. App Store. American users are increasingly drawn to Xiaohongshu, which boasts social shopping features and a Pinterest-like layout. TikTok creators are promoting the platform as a viable alternative, with Xiaohongshu attracting significant attention from investors and a valuation of $17 billion. The app has 300 million monthly active users, predominantly women, and is projected to exceed $1 billion in profit in 2024.

Created at: January 13, 2025 4:30pm

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin Delays Inaugural Launch of New Glenn Mega-Rocket

Blue Origin has postponed the inaugural launch of its New Glenn rocket due to an unspecified issue with a subsystem. The delay raises concerns over the launch timeline, especially as weather conditions in the Atlantic are expected to worsen. The company needs at least 48 hours to reset the rocket for a new launch attempt. New Glenn is critical for Blue Origin's entry into the heavy-lift market, currently dominated by SpaceX. The rocket aims to deliver payloads for NASA and other contracts while also supporting a larger space economy. The launch was initially targeted for January 12 but was pushed back to January 13.

Created at: January 13, 2025 4:00pm

Japanese Researchers Unveil Non-Flammable Battery for Next-Gen EVs

Japanese Researchers Unveil Non-Flammable Battery for Next-Gen EVs

A team of researchers from Doshisha University and TDK Corporation in Japan has developed a revolutionary quasi-solid-state lithium-ion battery that promises enhanced safety and high charge capacity for electric vehicles. This innovative design combines liquid and solid electrolytes to address safety concerns inherent in traditional lithium-ion batteries. With improved thermal stability and minimal heat generation, the new battery exhibits superior electrochemical performance. This breakthrough could pave the way for safer and more efficient energy storage solutions, meeting the rising demand for eco-friendly technology in the automotive and renewable energy sectors.

Created at: January 13, 2025 3:30pm

eBay Acquires Caramel to Simplify Online Car Sales

eBay Acquires Caramel to Simplify Online Car Sales

eBay has announced its acquisition of Caramel, a startup focused on streamlining online car sales. Founded in 2021, Caramel provides services such as verification, financing, and paperwork handling. The startup, which has raised $19 million in funding, will enhance eBay's existing offerings by reducing complexities in vehicle transactions. This move comes as eBay faces increasing competition, notably from Amazon's recent entry into the car sales market. The acquisition aims to bolster trust in online transactions, ensuring a seamless experience for buyers and sellers alike. The deal is expected to close in Q1 2025.

Created at: January 13, 2025 3:30pm

Moody's Acquires Cape Analytics to Enhance AI-Driven Insurance Solutions

Moody's Acquires Cape Analytics to Enhance AI-Driven Insurance Solutions

Moody's has announced its agreement to acquire Cape Analytics, a geospatial AI startup, aiming to enhance its insurance underwriting capabilities. The acquisition, expected to close in the first quarter of 2025, will allow Moody's to leverage Cape's technology to create a comprehensive property database. This database will provide address-specific risk insights, improving decision-making for insurance clients. Cape's innovative AI solutions have already attracted major insurers and banks. Moody's plans to broaden its property risk analytics through this partnership, marking its 23rd acquisition to date.

Created at: January 13, 2025 3:30pm

Starlink & T-Mobile Launch Direct-to-Cell Service for LA Wildfire Victims

Starlink & T-Mobile Launch Direct-to-Cell Service for LA Wildfire Victims

In response to the ongoing wildfires in Los Angeles, Starlink and T-Mobile have activated their Direct-to-Cell service for affected residents. This satellite-to-phone technology enables users to send critical text messages to first responders and loved ones despite the loss of terrestrial networks. The temporary deployment allows select Android smartphones to utilize this emergency feature. Originally planned for a beta rollout, the service was expedited due to the urgent need for communication. Starlink's initiative aims to provide essential connectivity during these devastating circumstances.

Created at: January 13, 2025 3:00pm

UK's VX4 eVTOL Achieves Thrust-Borne Flight, Paving the Way for Electric Aviation

UK's VX4 eVTOL Achieves Thrust-Borne Flight, Paving the Way for Electric Aviation

Vertical Aerospace's VX4 eVTOL has successfully completed its first thrust-borne flight, marking a significant achievement in electric aviation. This piloted test demonstrates the aircraft's capabilities and paves the way for further testing, including upcoming wing-borne maneuvers. The company plans to apply for additional flight licenses with the UK's Civil Aviation Authority to advance its Flightpath 2030 strategy. The VX4, capable of reaching speeds of 150 mph and seating five passengers, enhances the future of intercity travel through advanced eVTOL technology.

Created at: January 13, 2025 3:00pm

Asus Zenfone 12 Ultra: The Gaming Smartphone Reinvented with AI Power

Asus Zenfone 12 Ultra: The Gaming Smartphone Reinvented with AI Power

Asus has announced the upcoming release of the Zenfone 12 Ultra, set to launch on February 6, 2025. This flagship smartphone features the Snapdragon 8 Elite processor, up to 16 GB of RAM, and a stunning 6.78-inch OLED display. It is designed for both gaming and content creation, boasting a triple-camera setup with a 50MP main lens and 4K video recording capabilities. The device will run on Android 15 with advanced AI features to enhance user experience. With a robust 5,800mAh battery and improved software support, the Zenfone 12 Ultra aims to impress users in performance and longevity.

Created at: January 13, 2025 2:30pm

Fossil Fraud? New Study Questions Authenticity of 'Unique' Mosasaur

Fossil Fraud? New Study Questions Authenticity of 'Unique' Mosasaur

The 72-million-year-old mosasaur fossil, Xenodens calminechari, is under scrutiny for potential forgery, as revealed in a recent study. Initially hailed as a groundbreaking discovery, inconsistencies in tooth arrangement have raised doubts about its authenticity. Researchers are now advocating for advanced CT scans to verify the fossil's legitimacy, especially due to its questionable provenance from a notorious mining region in Morocco. This controversy highlights the critical need for transparency and rigorous verification in paleontological research, echoing calls for stricter regulations in fossil excavation practices.

Created at: January 13, 2025 2:30pm

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

The cryptocurrency market is reeling after the US JOLTS report revealed a surge in job openings, prompting investors to engage in 'fear selling.' Approximately $205 million worth of crypto was dumped in just one hour, as fears of increasing interest rates loom large. Compounding the crisis, the US DOJ received court approval to sell 69,370 Bitcoins seized from Silk Road, potentially destabilizing the market further. Currently, major cryptocurrencies like Bitcoin and Ethereum are experiencing significant price declines, casting doubt on their recovery prospects in early 2025.

Created at: January 13, 2025 2:00pm

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Sonos CEO Patrick Spence Resigns After Software Update Crisis

Patrick Spence has stepped down as CEO of Sonos after eight years, following a disastrous software update that disrupted the reliability the brand is known for. Tom Conrad, co-founder of Pandora and Sonos board member, will serve as interim CEO. The 2024 update was plagued with bugs, leading to feature losses and delayed products, including disappointing sales of the new Ace headphones. Additionally, Sonos experienced a 16% revenue drop in Q4 2024 compared to the previous year, prompting layoffs of 100 employees. The company is now seeking a permanent CEO.

Created at: January 13, 2025 2:00pm

CES 2025 Highlights: Keyvault K1 Revolutionizes Car Connectivity, Samsung Galaxy S25 Leaks, Tencent Blacklisted

CES 2025 Highlights: Keyvault K1 Revolutionizes Car Connectivity, Samsung Galaxy S25 Leaks, Tencent Blacklisted

CES 2025 showcased groundbreaking advancements, including Keyvault's K1 device, which allows smartphone control over vehicles, enhancing security and monitoring capabilities. Anticipation builds for Samsung's Galaxy S25 series, amid rumors of a price hike due to the upgraded Snapdragon 8 Elite chipset. Additionally, Tencent has been blacklisted by the U.S. for alleged ties to the Chinese military, potentially disrupting its global gaming operations, including popular titles like 'League of Legends'. These developments mark significant shifts in technology and business landscapes.

Created at: January 13, 2025 1:30pm

Data Breach at Gravy Analytics Exposes Millions' Location Data

Data Breach at Gravy Analytics Exposes Millions' Location Data

A significant data breach at Gravy Analytics has compromised the privacy of millions by exposing over 30 million location data points collected from popular apps. The hacker claims to have stolen several terabytes of data, revealing sensitive information about users, including those near military facilities. Unacast, Gravy's parent company, reported the breach to data protection authorities after discovering a misappropriated key was used to access its Amazon cloud environment. The situation raises serious concerns about data brokers and their impact on personal privacy, especially following recent regulatory actions against Gravy Analytics.

Created at: January 13, 2025 1:00pm

Float Financial Secures US$48.5M Series B Funding to Expand in Canada

Float Financial Secures US$48.5M Series B Funding to Expand in Canada

Float Financial, a Toronto-based fintech startup specializing in expense management and corporate cards for Canadian SMBs, has raised $48.5 million in a Series B funding round led by Goldman Sachs Growth Equity. This funding aims to enhance its product offerings and regional presence. Since its inception in 2020, Float has attracted a total of $92.6 million in venture funding. CEO Rob Khazzam emphasizes the company's unique focus on the Canadian market, countering recent media claims about investment challenges in Canada. The firm sees significant growth with a reported 50x revenue increase since its last funding round.

Created at: January 13, 2025 1:00pm

Apple Vision Pro 2 Delayed; Cheaper Headset in Development

Apple Vision Pro 2 Delayed; Cheaper Headset in Development

Apple's highly anticipated Vision Pro 2 will not launch this year, according to analyst Mark Gurman. Instead, the company is focusing on releasing a more affordable headset, codenamed N107, to compete with products like Meta's Smart Glasses. Production for the Vision Pro 2 is set to begin in the latter half of this year, with a potential release in 2026. The cheaper model aims to broaden Apple's market reach, following the premium Vision Pro's exclusive launch for developers. This strategic shift highlights Apple's commitment to expanding its wearable technology offerings.

Created at: January 13, 2025 12:30pm

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus Secures $105M Series D Funding to Expand AI Solutions in Healthcare

Qventus, an AI startup focused on automating healthcare operations, has raised $105 million in a Series D funding round, pushing its valuation above $400 million. The funding will enable the development of advanced AI tools for various healthcare scenarios, including surgeries and hospital discharges. CEO Mudit Garg emphasized their goal to alleviate administrative burdens for medical staff. The round was led by KKR, with participation from Bessemer Venture Partners and several healthcare institutions. Qventus aims to enhance its customer base, which has seen significant growth in recent years.

Created at: January 13, 2025 12:30pm

Nominet Faces Cybersecurity Incident Tied to Ivanti VPN Exploit

Nominet Faces Cybersecurity Incident Tied to Ivanti VPN Exploit

Nominet, the U.K. domain registry for .co.uk domains, has confirmed a cybersecurity incident linked to a vulnerability in Ivanti's VPN software. The breach was made possible through a zero-day exploit, leaving Nominet unable to apply necessary patches in time. In communication with customers, Nominet reported an ongoing investigation but stated there is currently no evidence of data leakage. Ivanti has acknowledged the widespread nature of the vulnerability, although it has not disclosed the number of impacted clients. Nominet has restricted VPN access while it continues its investigation.

Created at: January 13, 2025 12:30pm