May 2023

With government backing, Ireland’s Elkstone closes first VC fund at $108M for early-stage startups

May 18, 2023

Yet another early-stage VC fund has closed in Europe this week, as Elkstone finalized a €100 million ($108 million) pot aimed at Irish startups. It comes a day after Lifeline Ventures closed a €150 million ($163 million) fund for fledgling startups in Finland, while several others have landed across the continent in the past few […]

With government backing, Ireland’s Elkstone closes first VC fund at $108M for early-stage startups by Paul Sawers originally published on TechCrunch

TuSimple to lay off 30% of U.S workforce, keep China business

May 18, 2023

TuSimple, the once high-flying autonomous trucks company that went public in 2021, is restructuring and laying off about 30% of its U.S. workforce as it works to preserve cash and stay in business. The announcement early Thursday comes a week after the company disclosed that it received a delisting notice from the Nasdaq for failing to file […]

TuSimple to lay off 30% of U.S workforce, keep China business by Kirsten Korosec originally published on TechCrunch

Stability AI open sources its AI-powered design studio

May 18, 2023

Stability AI, the AI startup behind the text-to-image model Stable Diffusion, this week announced the release of StableStudio, an open source version of DreamStudio, Stability AI’s commercial AI-powered design suite. In a blog post, Stability AI writes that it hopes to “foster a project [that] can outpace anything developed by a single company,” alluding to […]

Stability AI open sources its AI-powered design studio by Kyle Wiggers originally published on TechCrunch

2 Pharma Stocks Investors Are Flocking

May 18, 2023
The pharmaceutical industry is expected to thrive amid robust demand and government support. Given the solid long-term prospects of the industry, investors should consider buying pharma stocks Ironwood Pharmaceuticals (IRWD)…