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The tech world is abuzz with talk of “solo unicorns” — one-person AI-driven companies reaching billion-dollar valuations. While none have yet materialized, Israeli developer Maor Shlomo’s six-month-old startup Base44 has brought the concept one step closer to reality. On Wednesday, website builder Wix announced the acquisition of Base44 for $80 million in cash, confirming details…
Midjourney, one of the leading AI image generation startups, has officially entered the AI video generation market with the launch of its much-anticipated V1 model. Announced on Wednesday, V1 allows users to upload an image—or use one generated by Midjourney’s other models—and transform it into four distinct five-second video clips. Like Midjourney’s popular image models,…
When Joe Kinvi joined Irish startup Touchtech Payments in 2017 as head of finance, the company couldn’t afford his full salary. So Kinvi negotiated stock options instead — a decision that paid off handsomely when Stripe acquired the company just 18 months later. With his newfound financial freedom, Kinvi bootstrapped a side project that would…
It’s been over four years since Spotify first announced its plans to launch a lossless audio tier, and users are still waiting. Despite frequent leaks and cryptic remarks from executives, the much-anticipated high-quality streaming option has yet to materialize. Now, new findings suggest Spotify may finally be preparing to roll it out. Fresh Clues in…
Japan’s Central Bank on Tuesday announced a measured approach to slowing its government bond purchase reductions while maintaining its benchmark interest rate at 0.5%, as rising growth risks weigh on the economy. The Bank of Japan (BOJ) confirmed it would continue reducing monthly Japanese government bond (JGB) purchases by around 400 billion yen ($2.76 billion)…
When Spotify CEO Daniel Ek isn’t transforming the music industry or building his AI-powered health startup, he’s making bold moves in European defense technology. Ek’s investment Firm, Prima Materia, has just led a massive €600 million funding round in Helsing — a Munich-based defense tech startup — catapulting its valuation to €12 billion, as first…
Google has introduced its new Safety Charter in India, aiming to bolster AI-led efforts to detect fraud and combat scams in the country—its largest market outside the U.S. This move comes as digital fraud continues to surge, with Unified Payments Interface (UPI)-related fraud growing 85% year-over-year to ₹11 billion ($127 million), according to government data….
The Trump Organization is expanding its business empire once again — this time into the mobile phone market. On Monday, the company announced Trump Mobile, a new wireless service and a $499 smartphone, both set to hit the market in September. A Presidential Phone and Plan Trump Mobile’s flagship product is the “T1” smartphone, which…
Tencent, the Chinese technology giant best known for its dominance in gaming and social media, is now accelerating efforts to expand its cloud computing footprint in Europe. According to Dowson Tong, CEO of Tencent Cloud, the company aims to leverage its unique strengths to carve out space in a market dominated by American hyperscalers. In…
AI stylist and personal shopping platform Alta just closed an $11 million seed round led by Menlo Ventures, signaling growing investor appetite for AI-powered consumer experiences in fashion. Founded by tech veteran Jenny Wang, 28, Alta offers an AI-driven personal stylist that recommends outfits based on users’ budgets, lifestyles, weather, and calendar. The platform also…