An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more
For the first time in a new historical achievement, the Kingdom of Saudi Arabia (KSA) topped across Middle East and North Africa (MENA) region in terms of the amount of Venture Capital (VC) funding in 2023. This is according to Dubai-based MAGNiTT, which specializes in issuing data on venture investment in emerging companies in the … Read more
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to … Read more
New Delhi: SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors. SCOPE’s VC arm will operate as an independent entity to identifying, nurturing, and accelerating groundbreaking startups that demonstrate exceptional promise and disruptive potential. The VC arm will actively scout for startups … Read more
POLAND – 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Cryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way … Read more
Opinions expressed by Entrepreneur contributors are their own. When small business owners are looking to secure investment from venture capitalists (VCs), they have to understand the accurate valuation of their business before they enter into negotiations. Otherwise, they end up asking for too much, and investors won’t buy in, or they give away too much … Read more
Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more
Smart farm and Automatic robot mechanical arm harvesting vegetables Vithun Khamsong | Moment | Getty Images Venture capital firms in Southeast Asia expect fundraising to pick up in 2024, but tech firms need to demonstrate “clear” and “viable” paths to profitability. Global macro headwinds such as inflation and high cost of capital have plunged deployment … Read more
Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology. SAIGroup Billionaire Silicon Valley technology leader Romesh Wadhwani recently celebrated his 75th birthday with 100 friends, reminiscing about many career milestones and only wishing he were 20 years younger in a new, fast-moving … Read more
