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Tech News

  • Posted on June 29, 2023

Snapchat+ reaches 4 million paid subscribers since launching a year ago

Snapchat announced today that it’s Snapchat+ subscription service has reached 4 million paid subscribers in its first year since launching. The company also revealed two upcoming features that subscribers will get

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  • Posted on June 29, 2023

Level wants to back your fund — and your portfolio companies too

In 2023, funds of funds (FoFs) are on track to raise the smallest amount of money this year in more than a decade. At the same time, muted venture deal activity has many firms ditching their follow-on funds. Despite

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  • Posted on June 29, 2023

When companies have more influence than countries

Apple recently hit a market cap of $3 trillion only two years after it crossed the $2 trillion mark. Before that, it had taken more than 40 years to make it to $1 trillion. The company recorded revenue of almost

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  • Posted on June 29, 2023

Inflection lands $1.3B investment to build more ‘personal’ AI

There’s still plenty of cash to go around in the generative AI space, apparently. As first reported by Forbes, Inflection AI, an AI startup aiming to create “personal AI for everyone,” has closed a $1.3 billion

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  • Posted on June 29, 2023

Virgin Galactic’s first commercial flight set to lift off this morning

Virgin Galactic is gearing up to launch its commercial space tourism service for the first time this morning, a long-awaited debut that puts much on the line for the company. The 90-minute mission, called Galactic

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  • Posted on June 29, 2023

After aperitif ambitions sour, Haus is back on virtual shelves via The Naked Market

Haus, an aperitif company that tried to find a buyer last year after investor funding dried up, now has one. The Naked Market, founded by Harrison Fugman and Alex Kost, has acquired certain assets of the low-ABV

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  • Posted on June 29, 2023

Halo Car launches remotely piloted rental car deliveries in Las Vegas

Halo Car, a startup that uses remote operators to deliver rental cars to a customer’s door, has launched driverless operations in Las Vegas. Driverless operations mean something different for Halo than they do for

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  • Posted on June 29, 2023

Social trading app Shares receives EU stock trading license

Fintech startup Shares has raised $90 million for its stock trading app. And yet, the service is only available to people who live in the U.K. But that’s about to change as the company has received a couple of

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  • Posted on June 29, 2023

Lightspeed makes first investment in Africa, backing Ghana’s Berry Health

Sexual and mental health stigmatization in Africa has evolved over several decades to a point where negligence to address the issue has led to the continent topping the charts in sexually transmitted infections

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  • Posted on June 29, 2023

Meta expects recommendation models ‘orders of magnitude’ bigger than GPT-4. Why?

Meta made a remarkable claim in an announcement published today intended to give more clarity on its content recommendation algorithms. It’s preparing for behavior analysis systems “orders of magnitude” bigger than

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