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Pinecone’s vector database gets a new serverless architecture

January 16, 2024

For a long time, vector databases were a bit of a niche product, but since they are uniquely suited to provide context and long-term memory to large language models, everybody in the database space is now seemingly trying to bolt vector search onto their existing products as fast as possible. Meanwhile, dedicated services like Pinecone, […]

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3 Pharma Stocks for January 2024 Profits

January 16, 2024
The pharmaceutical industry is thriving, fueled by steady demand for drugs, cost-efficient alternative discoveries, and rapid technological innovations. Hence, fundamentally strong pharma stocks Novo Nordisk (NVO), Eton Pharmaceuticals (ETON), and…

African neobank Kuda raised $20M at flat valuation last year, missed user milestone projection by 3M

January 16, 2024

Earlier this month, Kuda co-founder and CEO Babs Ogundeyi told users that the Nigerian online challenger bank had reached almost N₦56 trillion (~$60 billion) in transaction value since its 2019 launch.  Ogundeyi also said that Kuda had achieved a notable milestone, with 7 million retail and business customers as of today. However, the figure falls […]

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Goodnotes acquires a AI-powered video summary startup as it looks beyond education

January 16, 2024

London-based notetaking startup Goodnotes said today it is acquiring South Korean startup Dropthebit, which operates a meeting and video summary tool called Traw. With the acquisition, Goodnotes is looking to move beyond classrooms and explore making productivity tools for professionals. As part of the deal, all three co-founders of Dropthebit will move to Goodnotes. Plus, […]

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Singapore’s Locofy launches its one-click design-to-code tool

January 16, 2024

After using Figma to create user interfaces and experiences, developers are left with the hefty task of coding the designs in order to create functional websites or apps. Locofy, a Singapore-based frontend development platform backed by Accel, wants to save hours of work with a one-click tool that instantly turns Figma and AdobeXD prototypes into […]

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Fisker’s electric Ocean SUV under investigation over braking loss complaints

January 16, 2024

Federal safety regulators have opened an investigation into Fisker’s first electric vehicle over braking problems. The National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation (ODI) issued a notice that it’s probing Fisker’s Ocean SUV for loss of braking performance. The agency is focusing on nine complaints about the issue thus far, including one […]

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