Amazon has begun laying off employees, amid reports this week that the tech giant is planning to cut 10,000 jobs. LinkedIn posts by workers affected by the cuts were first reported on…
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Adobe Announces $20bn Deal to Buy Figma
Adobe has announced it will acquire the design platform Figma in a deal worth around $20 billion in cash and stock. Figma, which creates cloud-based design software that enables collaboration in real…
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…
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…
Better Dairy Wins $2.2m to Scale its Animal-Free Dairy Produce
London-based Better Dairy, a startup using fermentation technology to produce dairy proteins, has secured a $2.17m to continue researching its solution and bring products to market by 2022. The seed round was…
During Native American Heritage Month, Here are Some of the Most Exciting Native-run Startups in the US
This month America celebrates Native American Heritage Month with a host of online and in-person events, covering historic issues, culture and modern politics affecting the country’s 562 tribes. The problems facing Native…
Deutsche Bank Ponders Tata Consultancy Tech Sale
Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…
Financing Startup Wayflyer Wins $10.2m Seed Funding
Wayflyer, a startup that connects e-commerce platforms with funding, is the recipient of a $10.2 million seed round. The backing, led by Washington, DC-based QED Investors, will help Wayflyer scale its product…
Treasure8 Scales its Revolution Against Food Waste
Humans waste around 1.3 billion tonnes of food each year – that’s enough to fill around two-thirds of Lake Eerie. Agriculture contributes almost a fifth of the world’s greenhouse gas emissions, and…
Latest US Huawei Sanctions “Lethal Blow” Against Firm – Analyst
Fresh US sanctions will deny Huawei access to chipmakers, dealing a “fatal blow” to the Chinese giant, one expert says. Eurasia Group head of geotechnology Paul Triolo wrote on Monday (8/17) that…