Facebook CEO Mark Zuckerberg’s dream of building a metaverse — an all-encompassing online world— gathered momentum this week when the company announced its intention to hire 10,000 workers in the European Union…
Climate Tech Funds Emerge at Record Pace, but Is It Too Late?
Global investors have already closed more climate-technology related funds in 2021 than the previous five years combined, according to PitchBook data. But the latest scientific report from the U.N. has raised fears…
Bezos’s Blue Origin Sells Seat on First Spaceflight for $28 million
An unnamed bidder has paid $28 million for a seat on the first crewed spaceflight by Jeff Bezos’s Blue Origin. On Saturday the company hosted an online auction, inviting wealthy space enthusiasts…
Construction Startup Katerra to Shut Down After More Than $2bn in Funding
SoftBank-backed construction startup Katerra is to shut down, after receiving more than $2 billion in funding. The company told employees it will be shutting down operations, according to a report in The…
Klarna Set for New Funding Round at $40 billion Valuation
Swedish fintech startup Klarna is reportedly close to securing a new round of funding that would value the company at more than $40 billion. Klarna offers a buy-now-pay-later service to retailers and…
Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers
The CEO of Colonial Pipeline has confirmed the company paid $4.4 million in ransom to the hackers who disabled its pipeline in May. In an interview with the Wall Street Journal, Joseph…
SparkBeyond Proves AI’s Place in Post-Pandemic World
The COVID-19 pandemic has forced the world to confront harsh realities. First, our ultra-high-tech existence can be brought to its knees by even a modest display of nature’s destructive power. Second, the…
Is This the Second Dot Com Bubble?
Will the latest dot com bubble burst? That’s the question on many lips, as 2020 shapes up to be one of the most remarkable years ever for tech brands going public. AirBnB’s…
WeWork Begins Restructuring After IPO Debacle
WeWork executives have begun the daunting task of rebuilding the company, starting with 2,400 layoffs and possibly renegotiating founder and former CEO Adam Neumann’s $1.7 billion payoff. WeWork, which was temporarily renamed…
Inxeption Brings Blockchain and Competition to E-Commerce
Most entrepreneurs gamble when they start a company—few were born from a bet. Inxeption, an E-commerce platform built on blockchain technology, is one such exception. Given the expertise behind it, the company’s…