The downturn in the technology sector — dragged by inflation, higher interest rates and geopolitical events — continues to persist, and one of the most acutely impacted areas has been VC funding for startups, particularly those outside the U.S. According to VC firm Atomico, companies in Europe are on track to raise just $42 billion […]
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Biotech and AI startup Cradle is finding success with its generative approach to protein design, landing big customers and a hefty $24 million of new investment. The company exited stealth a little over a year ago, just as the hype around large language models was really heating up. Many AI companies in biotech train models […]
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European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot. The step does not confirm the EU will seek to block the deal but it shows antitrust regulators do remain concerned. It could therefore push Amazon to offer remedies to EU […]
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Terran Orbital is suing its former CTO, Austin Williams, a little over a month after he and other shareholders publicly called for a change in company leadership. Williams was a co-founder of satellite design and manufacturing company Tyvak Nano Satellite Systems, which was acquired by Terran Orbital in 2014, and has since become core to […]
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Singapore-based fast fashion platform Shein has confidentially planned to go public in the United States, according to multiple media reports. The Wall Street Journal broke the news earlier on Monday. Shein raised $2 billion at a $66 billion valuation earlier this year, but is expected to go public at a valuation as high as $90 […]
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For my American readers, I hope you had a restful Thanksgiving with loved ones. In this issue: Venturi Astrolab’s first moon rover mission, news from OneWeb India and more.
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Cyber Monday is upon us, but the hottest deals in town are at the AI Garage Sale, where you can try to convince an AI to sell you some worthless junk (or, a PS5) for any given price. AI Garage Sale is a surprisingly functional internet gag from Brain, a small Los Angeles based art […]
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Last week, the Ukrainian government fired two of its top cybersecurity officials, who are accused of embezzlement. Now, one of them has been detained. Ukraine’s senior cabinet official Taras Melnychuk announced the firings in a public post on Telegram last week. The two officials are Yurii Shchyhol, head of Ukraine’s State Special Communications Service of […]
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Social media giant Reddit is once again reportedly testing the IPO waters. Bloomberg reported on Monday that Reddit “is holding talks with potential investors for an initial public offering.” The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, is considering going public as early as the first quarter, sources […]
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