Tag: Startup

People can never land on a word to explain what is happening to women and minorities within venture. Are such founders overlooked or undersought? Underestimated and underrepresented? Marginalized? Discriminated against? Or just ignored? The excuses used to justify these sobriquets are equally scattered. Women received just 1.9% of all venture capital funds last year because…

Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats. Magnet Forensics will be purchased by a newly created corporation controlled by Thoma Bravo, Morpheus Purchaser…

Experts say ChatGPT could be a game-changer for Microsoft, as CEO Satya Nadella announces plans to roll out the technology across all of the company’s products. Microsoft plans to make OpenAI’s generative AI technology such as ChatGPT available to billions of users by integrating it into all of its products, CEO Satya Nadella said this…

Share to FacebookShare to TwitterShare to LinkedinHalo Infinite Bungie Yesterday, Microsoft announced it would be the latest tech company executing mass layoffs, and some of the 10,000 employees it let go were a part of its video game division. According to reports from Bloomberg, both Bethesda and 343 Industries were struck with layoffs, but 343…

“There were definitely times where I painted a rosier picture than things truly were,” Frank’s founder and former CEO said months before JP Morgan bought her startup for $175 million. In 2021, Charlie Javice, the young founder and former CEO of Frank, pulled off a master stroke: Selling her fintech startup to JP Morgan Chase…

Autonomous vehicle technology may no longer be the fuel powering the hype machine. But companies applying the technology to agriculture, commercial and logistics applications are still attracting venture capital. Take Outrider, a Golden, Colorado startup developing autonomous electric yard trucks, for example. Distribution yards are the nerve center of the supply chain. Its where all…

In recent years, working for, or banking with, a traditional financial institution was decidedly uncool. Far cooler was working for or banking with one of the many fintech startups that seemed to thumb their nose at stodgy bank brands. Then the Federal Reserve hiked interest rates, stocks tanked, and a lot of fintech outfits that…

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Tesla faked a 2016 video promoting its self-driving technology, according to testimony by a senior engineer reviewed by Reuters. The video, which shows a Tesla Model X driving on urban, suburban and highway streets; stopping itself at a red light; and accelerating at a green light is still on Tesla’s website and carries the tagline:…