A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up. Runa Capital, the venture capital (VC) firm that upped sticks from Silicon Valley and moved its HQ to Luxembourg in 2022, has published the Runa Open Source Startup […]
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A Scottish company building one of the U.K.’s first all-electric intercity bus networks has raised $14 million (£11 million) in a Series A round of funding as it looks to expand across the entire country. Building any bus network from scratch — electric or otherwise — isn’t something anyone can conjure up overnight with a […]
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Telegram has introduced a controversial new feature that grants users a free premium membership in exchange for allowing the instant messaging app to utilize their phone number as a relay for sending one-time SMS passwords to other users attempting to log into the platform, raising concerns about potential privacy risks and the exposure of personal […]
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Uzum, an e-commerce startup offering online shopping, fintech and food deliveries to millions of customers in Uzbekistan, has raised $114 million in funding, becoming the country’s first unicorn with a valuation of $1.16 billion. Uzbekistan is fertile ground for startups, given the fact that people aged below 30 constitute about 60% of its population of […]
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Here’s the harsh truth behind personal care products: you’re mostly buying water and plastics. The main ingredient in a bottle of shampoo or shower gel is water, and by far. It is mixed with a bunch of active ingredients. And because it’s a “pre-mixed” product, companies spend a lot of money on plastic bottles to […]
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Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes towards commercial production. Canoo […]
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Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January […]
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