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Today — 13 January 2025Main stream

Bitcoin is ‘a Ponzi scheme’ that ‘has no intrinsic value,’ JPMorgan CEO Jamie Dimon says

13 January 2025 at 11:05

JPMorgan Chase CEO Jamie Dimon has reignited his criticism of Bitcoin, calling it “a Ponzi scheme” that “has no intrinsic value.” In an interview with 60 Minutes, Dimon reiterated his skepticism, saying, “Bitcoin has no intrinsic value. It’s used heavily […]

The post Bitcoin is ‘a Ponzi scheme’ that ‘has no intrinsic value,’ JPMorgan CEO Jamie Dimon says first appeared on Tech Startups.

Waystar launches generative AI tool to help hospitals fight insurance denials

13 January 2025 at 10:25

Hospitals and health systems in the U.S. collectively spend close to $20 billion annually trying to overturn denied insurance claims, according to a March report from Premier, a group purchasing organization. The report also highlights that nearly 15% of medical […]

The post Waystar launches generative AI tool to help hospitals fight insurance denials first appeared on Tech Startups.

Clearwater Analytics acquires software maker Enfusion for $1.5 billion to expand global reach

13 January 2025 at 06:03

Clearwater Analytics is set to acquire Enfusion in a $1.5 billion cash-and-stock deal aimed at strengthening its international presence and stepping into the hedge fund market. Under the acquisition agreement announced Monday, Enfusion shareholders will receive $5.85 in cash and […]

The post Clearwater Analytics acquires software maker Enfusion for $1.5 billion to expand global reach first appeared on Tech Startups.

Amazon to shut down ‘Try Before You Buy’ rival to Stitch Fix

13 January 2025 at 05:33

Amazon is shutting down its “Prime Try Before You Buy” service, a feature that allowed Prime members to try on clothes, shoes, and accessories before committing to a purchase. The service will end on January 31, 2025, according to a […]

The post Amazon to shut down ‘Try Before You Buy’ rival to Stitch Fix first appeared on Tech Startups.

Before yesterdayMain stream

Beams raises $9M in Series A funding to simplify home renovations for UK homeowners and contractors

10 January 2025 at 10:11

Home renovation projects can be a logistical nightmare for homeowners and contractors, often bogged down by outdated tools or a complete lack of software. While modern solutions exist, the industry remains scattered, with many companies relying on inefficient systems—or skipping […]

The post Beams raises $9M in Series A funding to simplify home renovations for UK homeowners and contractors first appeared on Tech Startups.

Philippine fintech startup GCash eyes $1.5 billion IPO, hires banks

10 January 2025 at 08:53

Philippine fintech startup GCash is gearing up for what could become the country’s largest stock offering, with plans to raise up to $1.5 billion through a domestic IPO. The company has enlisted major financial players, including Citi, Jefferies, and UBS, […]

The post Philippine fintech startup GCash eyes $1.5 billion IPO, hires banks first appeared on Tech Startups.

TikTok’s future hangs in the balance as US Supreme Court weighs free speech arguments over ban

10 January 2025 at 07:33

The future of TikTok is at stake and could be decided soon as the U.S. Supreme Court considers free speech arguments over a potential nationwide ban. If its China-based owner, ByteDance, doesn’t relinquish control of the app, TikTok might no longer […]

The post TikTok’s future hangs in the balance as US Supreme Court weighs free speech arguments over ban first appeared on Tech Startups.

Payroll startup Deel accused of money laundering, sanctions failures in Ponzi scheme lawsuit

9 January 2025 at 14:39

Retraction Notice (Added on January 10, 2025): On January 9, 2025, we published this article titled “Payroll startup Deel accused of money laundering, sanctions failures in Ponzi scheme lawsuit.” The article referenced reporting by The Information, which Deel, Inc. has […]

The post Payroll startup Deel accused of money laundering, sanctions failures in Ponzi scheme lawsuit first appeared on Tech Startups.

The Graph launches Geo Genesis: Unleashing the power of knowledge graphs in Web3

9 January 2025 at 09:01

Knowledge Graphs have long been a cornerstone of organizing structured information, yet their potential in Web3 has remained largely untapped. That changes today with The Graph’s launch of Geo Genesis, a groundbreaking application designed to make Knowledge Graphs accessible and […]

The post The Graph launches Geo Genesis: Unleashing the power of knowledge graphs in Web3 first appeared on Tech Startups.

The US government cleared to sell $6.5 billion in Bitcoin seized from Silk Road

9 January 2025 at 07:07

Key Takeaways The DOJ has been cleared to sell 69,370 Bitcoin seized from Silk Road, valued at $6.5B. Battle Born Investments contested the sale but couldn’t block it. The decision comes just 2 weeks before the new Trump administration, which […]

The post The US government cleared to sell $6.5 billion in Bitcoin seized from Silk Road first appeared on Tech Startups.

Microsoft is laying off more employees amid AI growth challenges

9 January 2025 at 05:40

Despite Microsoft’s market valuation surpassing $3 trillion in 2024, fueled by rising AI demands, the Redmond giant continues to adjust its workforce strategy, cutting roles even as it eyes future growth. Microsoft confirmed on Wednesday it is laying off a […]

The post Microsoft is laying off more employees amid AI growth challenges first appeared on Tech Startups.

AI-powered startup Infinite Reality valued at $12.25 billion after $3 billion fundraise

8 January 2025 at 06:39

Artificial intelligence continues to attract massive investment as 5-year-old AI-focused startup Infinite Reality announced a $12.25 billion valuation following a $3 billion funding round. The company joins a growing group of startups thriving on the rising demand for AI innovations. […]

The post AI-powered startup Infinite Reality valued at $12.25 billion after $3 billion fundraise first appeared on Tech Startups.

Digital Actors – Hollywood’s Scourge or a Vast Untapped Opportunity?

8 January 2025 at 04:36

The rapid development of generative AI creates a buzz of excitement for tech enthusiasts, but on the flip side, many are concerned about the impact on industries where AI could be used to replace real humans in jobs. Filmmaking and […]

The post Digital Actors – Hollywood’s Scourge or a Vast Untapped Opportunity? first appeared on Tech Startups.

Hussain Sajwani and Trump unveil $20 billion investment to build AI and hyperscaler data centers in the U.S.

7 January 2025 at 10:42

President-elect Donald Trump and Emirati billionaire Hussain Sajwani revealed a $20 billion foreign investment plan to build data centers across the U.S. during an announcement at Mar-a-Lago on Tuesday. The ambitious project, backed by Sajwani’s DAMAC Properties, marks a significant […]

The post Hussain Sajwani and Trump unveil $20 billion investment to build AI and hyperscaler data centers in the U.S. first appeared on Tech Startups.

Meta ends fact-checking on Facebook and Instagram, introduces Community Notes in a free speech push

7 January 2025 at 08:15

In a shocking development, Meta has decided to end fact-checking across its social platforms. Meta announced Tuesday that it is scrapping its third-party fact-checking program across Facebook and Instagram, signaling a major shift in its approach to content moderation. Instead, […]

The post Meta ends fact-checking on Facebook and Instagram, introduces Community Notes in a free speech push first appeared on Tech Startups.

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