Silicon Valley’s General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies

Posted on November 11, 2024 by Techme101

Saudi Arabia’s fintech startups have raised over $1.84 billion in venture capital investments since 2018, according to the kingdom’s SME authority.

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From self-driving cars to AI that writes enterprise software: Cogna founder raises $15M

Posted on November 11, 2024 by Techme101

A founder who was an early mover in the race to build autonomous vehicles has raised $15 million for his next act: a startup that claims its AI can write enterprise software on its own. Cogna — as the U.K.-based startup is called — is led by Ben Peters, the technical co-founder of FiveAI (the […]
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Swiggy’s public debut will test India’s appetite for $1B+ IPOs

Posted on November 11, 2024 by Techme101

Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark.  For its IPO, Swiggy has already secured $1.4 billion from institutional investors […]
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FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

Posted on November 11, 2024 by Techme101

The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.

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Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning

Posted on November 11, 2024 by Techme101

Bitcoin hit another high on Monday, as the rally in cryptocurrencies continued following President-elect Donald Trump’s election win.

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Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital

Posted on November 11, 2024 by Techme101

Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after […]
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‘I was moderating hundreds of horrific and traumatising videos’

Posted on November 11, 2024 by Techme101

The BBC speaks to social media moderators, whose job it is to find and remove distressing and illegal content.

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X is testing a free version of AI chatbot Grok

Posted on November 11, 2024 by Techme101

Social network X has so far limited its AI chatbot Grok (built by Elon Musk’s other company xAI) to its premium, paying users. However, the platform is seemingly preparing to open up the chatbot to free users. Over the weekend, several app researchers and users posted about a free version of Grok being made available […]
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Bitcoin tops record $80,000 as Trump nears sweep of US Congress

Posted on November 11, 2024 by Techme101

On the campaign trail the president-elect pledged to make America “the crypto capital of the planet”.

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Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high

Posted on November 11, 2024 by Techme101

Bitcoin hit a new record high as futures premiums soared, in a clear sign that investors believe the record-run will continue.

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