xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms…
Amazon’s warehouse jobs have rightly earned a rough reputation, but they’re easy to get, and they do have certain advantages — here’s what the jobs entail and how much they pay…
The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can’t require employees who aren’t senior executives to wait a set amount of time before joining a competitor or launching their own company in the same category. While the FTC’s ruling will impact industries like…
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Share to FacebookShare to TwitterShare to LinkedinDr Lew Lim is a scientist and founder of Vielight Inc, a company focused on integrating neuroscience with artificial intelligence. getty In an era where innovation and cognitive performance are the bedrock of success in business and beyond, neurotechnology—particularly photobiomodulation (PBM)—emerges as a transformative tool for enhancing personal performance,…
Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech with $1 billion. Other investors…
This is what could happen next to Amazon shares…
As the world’s population continues to grow, the need to be able to feed everyone is something a number of entities are working on. Paris-based Edonia, is one of the startups working on creating protein ingredients using microalgae. Edonia joins companies like Bevel, AlgaeCore Technologies, Algenuity and NewFish that are all tapping into the global…
Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders. The company disclosed its IPO plans in a filing to the local regulator. The Bengaluru-headquartered startup plans to raise $450 million through the issuance of new shares and offer…
The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law.…
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