Swiggy, an Indian food delivery and instant commerce startup, has secured approval from its shareholders to raise $1.25 billion in an initial public offering. The company plans to raise $450 million through new shares and $800 million from existing backers.
Business | Rating: 53 | 2024-04-25 05:35:08 AM |
Meta's Twitter/X rival Threads has 150 million monthly active users, up from 130 million in February. The social network has integrated with ActivityPub, a decentralized protocol, and allowed US-based users over 18 to connect their accounts to the Fed.
AI | Rating: 86 | 2024-09-29 11:28:35 AM |
Xaira Therapeutics, an AI-powered drug discovery startup, launched with $1 billion in funding from ARCH Venture Partners, Foresite Labs, and other investors. The company has been operating in stealth mode for six months and aims to revolutionize drug discovery using generative AI.
AI | Rating: 57 | 2024-04-25 12:35:13 AM |
Anduril Industries, a venture capital-backed company, has been selected by the US Air Force to develop and test small unmanned fighter jet prototypes under the Collaborative Combat Aircraft (CCA) program. Anduril will collaborate with General Atomics, beating out major defense companies like Boeing, Lockheed Martin, and Northrop Grumman.
AI | Rating: 48 | 2024-04-24 11:25:04 PM |
IBM expands its hybrid cloud management capabilities through strategic acquisitions, including Red Hat in 2018 and Apptio last year, to help IT departments manage complex environments. The company continues to focus on hybrid cloud management, recognizing it cannot compete with Amazon, Microsoft, and Google.
Tech | Rating: 42 | 2024-04-24 08:55:07 PM |
2024-04-24 08:15:04 PM |
Radical is developing high-altitude, solar-powered aircraft to provide internet access in remote areas. The company is refining the technology and targeting new markets, following Facebook's failed Aquila project. The initiative aims to bring internet connectivity to underserved regions.
AI | Rating: 42 | 2024-04-24 06:55:07 PM |
Stripe, valued at $65 billion, processed $1 trillion in payments last year. To stay ahead, it's separating payments from its financial services. This move aims to focus on its core strength and adapt to the fast-changing fintech market.
Finance | Rating: 50 | 2024-04-24 06:35:07 PM |
Nova AI, a generative AI startup, uses open-source code for testing purposes to ensure code quality and independence. This approach aims to eliminate bias and improve the accuracy of code testing, a crucial step in software development.
2024-04-24 06:15:11 PM |