Rise of the superbaby? US startup offers genetic IQ screening for wealthy elite: report
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Toyota Invests $500 Million in Electric Air Taxi Startup
Toyota is reportedly doubling its investment in electric air taxi developer Joby Aviation with a new $500 million funding round. The auto giant seems to think the future of urban travel lies in small planes flying between skyscrapers. tech crunch report Toyota announced it will invest an additional $500 million in California-based electric air taxi […]
Harris’s tax cut plan shows how startup costs cripple entrepreneurs
kamala harris announced Her latest economic proposal, announced last week, was to increase the maximum upfront tax credit for starting a new business to $50,000. This higher deduction is intended to offset the costs that entrepreneurs face in the first year of business. It has been widely cited that these costs the study For Shopify, […]
Google paid $2.7B to rehire AI genius who left to form startup
Google has reportedly paid $2.7 billion to rehire an artificial intelligence genius who left the company in an angry rage three years ago to found his own startup. Noam Chazeel, a 48-year-old software engineer who was hired by Google in 2000 as one of its first few hundred employees, left the company in 2021 after […]
Ilya Sutskever’s tech startup Safe Superintelligence raises $1B
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and the Fed's interest rate response. A new tech startup co-founded by OpenAI's former chief scientist Ilya Sutskever announced last week that it had raised $1 billion in cash to fund […]
OpenAI co-founder’s new safety-focused AI startup raises $1B
Safe Superintelligence (SSI), a new firm co-founded by OpenAI's former chief scientist Ilya Sutskever, has raised $1 billion in funding to help develop safe artificial intelligence systems that can far exceed human capabilities, a company executive told Reuters. SSI, which currently has 10 employees, plans to use the funding to acquire computing power and hire […]
Dr. Phil’s Merit Street TV startup reportedly axes dozens of job : ‘Complete shock’
The media startup founded by famous TV talk show host Dr. Phil McGraw has reportedly laid off about a third of its 100 employees. Merritt Street Media, which McGraw founded earlier this year, completed its job cuts on Monday, cutting fewer than 40 jobs, mostly in its morning and evening news divisions, a source familiar […]
NYC startup peddles used Pelotons at after pandemic-darling crash
A New York City-based startup is buying up used Pelotons that have been gathering dust since the pandemic and reselling the once-prized bikes at premium prices, The Washington Post has learned. Trade my spinsLaunched in March by CUNY alumnus Ari Kimmelfeld, the service aims to attract new customers by making the pricey Peloton cheaper, and […]
Cybersecurity Start-up Wiz Rejects $23 Billion Google Acquisition Offer
Cybersecurity startup Wiz turned down a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) in what would have been the internet giant’s largest acquisition ever. of The New York Times Reports Wiz, a privately held cybersecurity company, has made a major decision that could change its trajectory. Last […]
Cybersecurity startup Wiz turns down $23B Google acquisition: report
Cloud security startup Wizz has reportedly pulled out of talks to be acquired by Google parent Alphabet for $23 billion, a deal that would have been the search giant’s largest acquisition to date. Wizz CEO Assaf Rapaport told employees the company would instead pursue an initial public offering, as it had said last year. “It […]