Nebius to resume Nasdaq trading after severing ties with Russia and Yandex
Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of Russia’s Ukraine invasion
Read moreCan Your Business Thrive on Black Friday Without Hiccups?
Not all that long ago, Black Friday was the preserve of major US retailers. Held the day after US Thanksgiving (which always falls on the fourth Thursday of November), it signals the start of the Christmas shopping season. The midnight queues of this now global phenomenon have largely been replaced
Read moreSomalia’s 1st Tokenized NFC Wearable Payment Solution Debuts
Premier Bank, in conjunction with Mastercard and Tappy Technologies, has launched Tap2Pay, making it the first Somali bank in Africa to offer tokenized passive payment wearables. Tap2Pay NFC Wearables This solution represents a significant milestone in the continent’s payment ecosystem by offering safe, contactless transactions via cutting-edge wearable technology. Tap2Pay
Read moreByju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition
Read moreThe surprising way OpenAI could reportedly get out of its pact with Microsoft
The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the amount of computing power Microsoft is providing OpenAI, and disagreements between the two about
Read moreFormer watch trader is now building the AWS of grid storage, Terralayr
The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreFormer watch trader is now building the AWS of grid storage, Terralyr
The startup's technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.
Read moreAmazon indicates employees can quit if they don’t like its return-to-office mandate
AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they can work for remotely, Reuters reported on Thursday. Amazon’s top
Read moreAutomattic offered employees another chance to quit — this time with nine months’ severance
Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted
Read moreGeneral Catalyst reportedly to back Saudi Arabian startup
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in Lean Technology, a Saudi Arabia-based fintech startup, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that
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