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Palmer Luckey was only 21 when Meta acquired his virtual reality startup, Oculus VR in March 2014. The company was acquired for a whopping $2 billion, making it one of biggest tech deals of the decade. With the acquisition, Palmer Luckey became one of the youngest self-made billionaires then. “Mobile is the platform of today,…
FILE – Peter Thiel, co-founder of PayPal and Palantir. (AP Photo/Rebecca Blackwell, File) Halter, the New Zealand-based startup specializing in artificial intelligence-powered cow collars, has secured $220 million in fresh capital to scale its technology globally. The global agtech company transforming cattle farming has announced that it has raised $220 million in Series E funding…
FILE picture (AP Photo/Jeff Chiu, File) Mark Zuckerberg‘s Meta Platforms has hired the founders and core team behind Dreamer, an artificial intelligence startup launched earlier this year to simplify the creation of personalized AI agents. The move is said to signal a high-profile homecoming for co-founder Hugo Barra, a former Meta executive and Google veteran,…
At a time when Hollywood has been debating over the use of AI in the film industry, Oscar-winning actor and director Ben Affleck has sold his artificial intelligence-powered startup InterPositive to Netflix. The streaming giant confirmed the acquisition in a statement, saying the deal reflects its commitment to “investing in creator-led innovation that keeps filmmakers…
BENGALURU: For every Rs 100 raised by founders from India’s startup networks, only about Rs 4 goes to women, according to a new report by Kalaari Capital’s CXXO initiative, which argues that the funding gap reflects a structural market inefficiency rather than a shortage of women entrepreneurs.The Rs 100 figure represents aggregate funding across a…
Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…
Deepinder Goyal, Zomato founder, is hiring engineers and scientists for his health-tech startup Temple, but with an unusual condition—applicants must have body fat under 16% (men) or 26% (women). Those who don’t meet the threshold can apply on a three-month probation. The post went viral, with social media split between admiration and amusement over the…
Tech startup CEO Abhijith Nag Balasubramanya, founder and CEO of Hydro Space Sweden AB, announced he is stepping down and leaving Sweden. Balasubramanya made the announcement in a long and scathing LinkedIn post citing what he called a ‘xenophobia and hostile’ immigration system. He said that he was forced to sell his agri-tech startup which…
MUMBAI: Indian startups have laid off more than 4,500 employees since July last year, data sourced from executive search firm Longhouse Consulting showed. The sudden ban on online real-money gaming which nudged many startups to shut overnight has pushed the numbers up but much of it also has to do with the selective flow of…
Phoebe Gates, the daughter of Microsoft co-founder Bill Gates and philanthropist Melinda French Gates is building her AI shopping startup Phia with one rule that her last name stays out of the pitch deck. As reported by Fortune, speaking on a latest podcast episode Phoebe mentioned that she is determined to prove that her fashion…
