Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank. The New York-based firm has listed both assets and liabilities in the range of $10 billion to $50 billion in its petition filed in a New Jersey federal […]
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Zhang Li‘s career path has looked like a bellwether for China’s tech trends. When the Cisco veteran joined WeRide in 2018, the Chinese autonomous vehicle company was less than a year old. In the next few years, the country would become a breeding ground for three AV unicorns, including WeRide, of which valuation surged to […]
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ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved into a behemoth used by more than 92 percent of Fortune 500 companies for more wide-ranging needs. While there is a more…nefarious side to ChatGPT, […]
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A security researcher said he discovered millions of Chinese citizen identity numbers spilling online after an e-commerce store left its database exposed to the internet. Viktor Markopoulos, a security researcher working for CloudDefense.ai, said he found the database belonging to Zhefengle, a China-based e-commerce store for importing goods from overseas. The database contained more than […]
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Lucid has reached an agreement that will give owners of its luxury EVs access to Tesla’s network of superchargers — following the path of Ford, GM and the majority of automakers that sell EVs in North America have taken in recent months. Ford kicked off the trend in May 2023 when it announced its EV […]
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It was a whirlwind kind of day at Salesforce and Slack as the company learned that Slack CEO Lidiane Jones would be leaving at the end of the year to become CEO at dating app Bumble. Sources, who chose to speak on background because they were not authorized to speak on behalf of the company, […]
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In this issue: Breakeven cashflow for Starlink, news from Kuva Space and more
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A new company is setting out “fill the enterprise void” left by GitHub Codespaces,” with a platform that enables companies to bring all their development environment endeavors in-house. Cloud-based coding is all the rage, a trend that that has accelerated in recent years with the introduction of browser-based integrated developer environments (IDE) such as GitHub […]
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UK femcare-turned-gynaecological-health startup, Daye, has expanded its tampon-based home screening service to add STI testing. The startup is billing this “non-invasive screening” service for sexually transmitted infections as a “world first”. The “STI Diagnostic Tampon” service uses Polymerase Chain Reaction (PCR) testing tech to detect the presence of pathogens. Daye is launching with the ability […]
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Vegan cheese isn’t usually anything to write home about, in terms of taste and texture. Dreamfarm, a startup based in Parma, in the Food Valley of Italy, is hoping to change that. It’s cooked up a plant-based mozzarella using a base of fermented almonds, and just a handful of other ingredients, which it reckons does […]
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In the oversubscribed IPO of Mamaearth, Peak XV Partners has found its fourth 10x or greater return within the six months since separating from the Sequoia family. The venture fund is sitting on an 10x return on its investment in Mamaearth, according to an analysis of its IPO documents by TechCrunch. Mamaearth is Peak XV’s […]
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