In perhaps the most unexpected tech news of the year, billionaire and AI evangelist Sam Altman has been ejected from his CEO role at OpenAI by the company’s board after an apparent vote of no confidence. Its exact wording in a release issued this afternoon: Altman’s “departure follows a deliberative review process by the board,…
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Ballistic Ventures, a venture capital firm dedicated to funding and incubating cybersecurity startups, is looking to raise as much as $300 million for a new fund, according to a regulatory filing. The San Francisco-based VC firm Wednesday filed with the U.S. Securities and Exchange Commission to raise $300 million for its second fund — over…
In an exclusive interview with TheStreet, Glamour Editor-in-Chief Samantha Barry explains the new conversation about women and finance…
Tesla shares fell roughly 4% Thursday, erasing some of the stock’s recent gains…
BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company. GM said Thursday that BrightDrop — a “startup” that spun out of the automaker’s Global Innovation organization to become a wholly owned subsidiary — will become part of GM. BrightDrop CEO Travis Katz, who was…
The founders of IRL, Abraham Shafi and Genrikh Khachatryan, are suing their investors, claiming that they intentionally sabotaged the company. At its peak, IRL was poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Shafi, the CEO, was suspended from IRL in April to investigate claims of…
WASHINGTON – The International Monetary Fund (IMF) has reached a staff-level agreement to augment Kenya’s financial aid, providing immediate access to $682.3 million and an additional $938 million for the country’s ongoing program. This decision comes as Kenya faces liquidity challenges, with a $2 billion Eurobond due in 2024 looming over its economy. The IMF’s…
DAR ES SALAAM – In a significant move to bolster investments in key economic sectors, CRDB Bank and the African Export-Import Bank (Afreximbank) have entered into a strategic partnership. The collaboration was formalized with the signing of a $115 million facility agreement at the Intra-African Trade Fair (IATF) 2023 in Cairo, Egypt, today. This new…





