Start-up
$20 billion Figma offer is a historic coup for startup buyers in an in any other case miserable calendar year
Adobe is paying 2021 selling prices. It really is 2022. Wall Road hates it. Silicon Valley is thrilled. In a year that’s showcased exactly zero significant-profile tech IPOs and much far more headlines about mass layoffs than massive funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what some could possibly contact a […]
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Two of his startups failed. Now, this 30-yr-outdated just bagged $32 million for his enterprise
Sae Hyung-jung remembers a time when he worried about not having sufficient income for his up coming food. He was 20 decades old, and experienced just established an artificial intelligence (AI) firm that helped learners make improvements to their exam scores for university entry examinations — but it was not executing properly. “I experienced so […]
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Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out […]
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Industry veterans take a shot at making fusion commercial with insanely powerful lasers
Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, the promise of nuclear fusion […]
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Sesame Solar is selling mobile disaster relief units powered entirely by clean energy
Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and command centers, medical units, kitchens and even temporary housing. The systems can be ready for use within 15 minutes of arrival. Most mobile units like these have […]
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Delivery startup Gopuff cuts 10% of its global workforce and closes 76 U.S. warehouses
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery startup Gopuff is cutting 10% of its global workforce and closing 76 U.S. warehouses, according to a letter to investors. The layoffs impact about 1,500 employees who will be notified throughout Tuesday, the letter said. The company is also closing […]
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How a former Lehman Brothers banker turned the tables and built a pandemic-proof business
Declan Ee always knew he wanted to run his own business. But when he graduated from University College London in 2006, he saw his peers applying for jobs at investment banks and decided to give it a try. His first gig? Lehman Brothers. “I liked seeing how businesses worked on a global scale. So that […]
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DroneSeed uses swarms of drones to reseed forests after devastating wildfires
Fire seasons are now longer and the destruction more intense, as fires burn hotter and spread to more drought-stricken ground. Since the start of this year, 32,247 wildfires have burned over 3.3 million acres in the United States, according to the National Interagency Fire Center. An early start to the season, and an especially […]
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From milligrams to gigatons: Start-up that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal start-up Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a […]
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His company makes millions producing toys. Now it’s venturing into blockchain and the metaverse
When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old […]
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