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Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty Images AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months. The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital […]
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Amazon’s first U.S. labor union moves to affiliate with Teamsters
Amazon workers arrive with paperwork to unionize at the National Labor Relations Board office in Brooklyn, New York, Oct. 25, 2021. Brendan Mcdermid | Reuters The Amazon Labor Union, the company’s first group of workers to organize at a U.S. warehouse, said Tuesday that it’s taken steps to affiliate with the International Brotherhood of Teamsters. […]
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Medical startup Sword Health announces AI that patients can talk to
Patient using Sword Health. Courtesy: Sword Health Pain management startup Sword Health on Tuesday announced a new artificial intelligence solution named Phoenix that patients can speak with for guidance through virtual physical therapy sessions. Sword, founded in 2015, offers digital tools to help patients manage pain from home and avoid other treatments like opioids and […]
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Google cuts at minimum 100 work across rapid-growing cloud unit, sources say
Thomas Kurian, CEO of Google Cloud, speaks at a cloud-computing conference held by the firm in 2019. Michael Short | Bloomberg | Getty Photographs Alphabet is laying off staff members from quite a few teams in Google’s cloud unit, one particular of its quickest-rising enterprises, CNBC has acquired. The organization notified employees final 7 days […]
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Spotify raises selling prices of high quality subscription strategies
Daniel Ek, founder and main govt officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Antoine Antoniol | Getty Photos Spotify introduced on Monday it is expanding the expense of its high quality subscription strategies in the U.S., marking the Swedish music-streaming company’s second rate hike in a yr. […]
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Bunq, the $1.8 billion European neobank, hopes to safe license for United kingdom enlargement this 12 months
Dutch digital financial institution Bunq is plotting re-entry into the U.K. to tap into a “massive and underserved” industry of some 2.8 million British “electronic nomads.” Pavlo Gonchar | Sopa Photographs | Lightrocket | Getty Visuals PARIS — Dutch electronic financial institution Bunq is hoping it will regulate to protected a banking license from U.K. […]
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The following generation of the ‘Internet of Bodies’ could meld tech and human bodies together
The upcoming era of the “Online of Bodies,” or IOB, could carry technological gadgets and the human overall body closer together than at any time prior to. Tutorial and author Andrea M. Matwyshyn, who coined the expression in 2016, describes it as “a community of human bodies whose integrity and functionality rely at the very […]
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Shares of Dell fall 16% as AI servers are marketed at ‘near-zero margins’
Dell Technologies CEO Michael Dell speaks through the MWC session ‘New strategies for a new era’ on the 1st working day of the 18th edition of the Cell Planet Congress (MWC) at Fira de Barcelona’s Gran By means of venue in L’Hospitalet de Llobregat on February 26, 2024, in Barcelona, Catalonia, Spain. Kike Rincon | […]
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France is aiming to become a global AI superpower — but not without help from U.S. Big Tech
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp | Getty Images PARIS — France is touting itself as the next artificial intelligence superpower. [style note: Paris stands alone in datelines] The Viva Technology […]
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Amazon to expand drone delivery service after clearing FAA hurdle
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon said Thursday it has received federal approval to fly its delivery drones longer distances without the need for ground spotters, clearing a key regulatory hurdle and opening […]
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