Latest in Billion Dollar Startup
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Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.Business - MarketWatch - Yesterday -
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Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.Business - CNBC - October 16 -
More startups are being spun out of Klarna than any other European fintech unicorn
Alumni from Klarna have gone on to create 62 new startups — more than any other fintech unicorn in Europe, according to a new report from VC firm Accel.Business - CNBC - October 22 -
AI video startup Genmo launches Mochi 1, an open source rival to Runway, Kling, and others
Available under the permissive Apache 2.0 license, Mochi 1 offers users free access to cutting-edge video generation capabilities...Tech - VentureBeat - October 22 -
Boba tea startup rejected by 'Shark Tank' pitches Simu Liu after cultural appropriation debate
Simu Liu had criticized a white boba tea company who claimed to had “transformed” the drink on an episode of Canada’s “Dragons’ Den." An Asian boba startup decided to shoot their shot.Top stories - NBC News - October 23 -
Huuuge social casino veteran unveils AI-focused Beyond startup and Decor Society
Huuuge founder Anton Gauffin has started Beyond, which is building a fashion game called Decor Society tapping generative AI.Tech - VentureBeat - October 24 -
A Brilliant Tech Entrepreneur Gave Up on His Awesome Startup , and I Don’t Blame Him
Some of our best entrepreneurial minds are leaving the startup game for the corporate world. Here’s why.Business - Inc. - October 25 -
Here’s How a Startup Landed $10 Million to Put AI Data Centers in Space
The massive banks of computers needed to power artificial intelligence apps require huge amounts of electricity on Earth. Lumen Orbit wants to send them into the heavens instead.Business - Inc. - October 25 -
Elon Musk’s xAI startup said to eye funding round, valuing the company at this much
xAI is in talks with investors for a funding round, the Wall Street Journal reported.Business - MarketWatch - October 29 -
Here’s Why Jack Dorsey Hopes a Return to Startup Mode Can Turn Tidal
The former Twitter boss and Square founder cuts music streaming platform Tidal’s staff, seeking to restore the leaner, hungrier form of its early days.Business - Inc. - October 31 -
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This Robotics AI ‘Brain’ Startup Just Raised $400 Million From Jeff Bezos, OpenAI, and Others
Physical Intelligence, now valued at about $2 billion, aims to create AI models that can power robots.Business - Inc. - November 4 -
Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia
Deeproute said it is part of the first batch of companies in China to obtain Nvidia's newer Thor chip for cars and will release a new system using it next yearBusiness - CNBC - November 5 -
Guac-Tech? Why This Food Delivery Startup Is Set to Acquire the Company Behind Chipotle’s Avocado Robots
Exclusive: Serve Robotics will purchase Vebu, which makes the Autocado machine, in an all-stock deal.Business - Inc. - November 7 -
From coffee beans to milk, this Singapore-based startup uses AI to determine ingredient quality
ProfilePrint's AI platform could have implications for improving food security.Business - CNBC - November 7
