United States

Defense Tech Startup Anduril Bags a Series E for $1.5B

3Dec

By News DeskNo Comments

Defense Tech Startup Anduril Bags a Series E for $1.5B

Costa Mesa, California-based defense tech startup Anduril has closed it big by clocking in a $1.5B in Series E for an evaluation of $8.5B, double the startup's last valuation in June 2021. The Series E funding for defense tech startup Anduril has been led by Valor Equity Partners, among Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Venture and US Innovative Technology Fund. To aid the United States and its allies in combating the "software-defined conflicts of tomorrow," Anduril integrates artificial intelligence (AI), robotics, computer vision (CV), cybersecurity, and new networking technologies to create software and hardware-base...

Neuralink Brain Chip By Elon Musk Awaits FDA Approval

1Dec

By News DeskNo Comments

Technology, United States

Neuralink Brain Chip By Elon Musk Awaits FDA Approval

Neuralink Corp. by Elon Musk is working on a novel technology for patients with the potential of a brain stroke. It is a coin-sized chip projected for availability by May 2023, per the company's announcement at its Fremont, Calif, event headquarters on Wednesday evening. Neuralink is continuously working on the Neuralink Brain Chip, a composition of electrode-laced wires inserted into the skull by advanced robotics. The US Food and Drug Administration (FDA) will likely approve the product for its first human trials within the next six months. Amidst all chaos at Twitter, Elon Musk has tasked Neuralink to be ahead of time in working on implants for other body parts, including the spinal cord to restore body movement post paralysis and an ocular implant to improve or restore human ...

End-of-life Planning Startup, HUG, Focuses on Loss & Healing

22Nov

By News DeskNo Comments

Business, United States

End-of-life Planning Startup, HUG, Focuses on Loss & Healing

When it comes to remembering the deceased, social media and texting systems are typically inadequate. HUG wants to change how we remember our loved ones while assisting us in our healing. HUG, a Los Angeles-based end-of-life planning startup, has introduced a new platform that allows you to save your family history in a modern and secure setting for future generations to enjoy and learn from. Instead of focusing on loss and isolation, HUG provides a secure and reassuring space to celebrate memories. HUG acts as a private social media platform that unites friends and family around the remembrance of individuals who have passed away. Signing up allows you to create (or join) a memorial page where you may upload images, audio, video, and text for free. You may invite as many people ...

NY Receives Salary Transparency Legislation WEF November ’22

1Nov

By Linda AshokNo Comments

Business, United States

NY Receives Salary Transparency Legislation WEF November ’22

Beginning on November 1, most New York City employers will be forced to include the pay range in all job postings, promotions, and transfer opportunities. This legislation, which affects 4 million private-sector employees in New York, will promote salary transparency on the part of employers as a tool to address racial and gender wage discrepancies. The outcome will affect work within the United States and remote work. Beginning on November 1, "employers advertising employment in New York City must publish a good faith compensation range for every job, promotion, and transfer opportunity posted," where "good faith" refers to the salary the employer is willing to pay the successful applicant(s). Employers must include the minimum and maximum wage offered for a certain position whe...

Elon Musk the New Owner of Twitter, Twitter Bio Reads “Chief Twit”

27Oct

By Linda AshokNo Comments

Business, United States

Elon Musk the New Owner of Twitter, Twitter Bio Reads “Chief Twit”

Elon Musk seems to be is the new owner of Twitter (NYSE: TWTR) as per his new Twitter bio, which reads, "Chief Twit." According to his latest tweet, he expressed his interest in personally reaching out to people to share his motivation for acquiring Twitter. Given the amount of speculation around why Elon Musk bought Twitter and his thoughts on Twitter's advertising policy, there have been a lot of disconnects. With this tweet, he clarifies his position. Musk says that "he acquired Twitter because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated healthily, without resorting to violence. There is currently great danger that social media will splinter into far right-wing and far left-wing echo chambers...

US NeuroTech Startup Axoft Gets Funded for Brain Machine

19Oct

By Linda AshokNo Comments

Business, United States

US NeuroTech Startup Axoft Gets Funded for Brain Machine

Axoft, a neurotech startup, has announced the FDA breakthrough device designation for its brain-machine interface (BMI) to improve the treatment of neurological illnesses. The company raised $8M to fund pre-clinical investigations with the FDA and to scale up prototypes of its "as soft as the brain" neural implants. The Engine, a venture firm spun out of MIT that invests in early-stage Tough Tech startups, led the seed round investment. Other investors included Ab Initio Capital, Decent Capital, Alumni Ventures, Safar Partners, AIBasis, LiquidMetal VC, Taihill Venture, AMINO Capital, Blindspot Ventures, and Mintz. The funds will also be utilized to grow the Axoft team. CEO Paul Le Floch, CTO Tianyang Ye, and Assistant Professor at Harvard's School of Engineering and Applied Scien...

An Atypical Edtech Startup Parallel Learning Enables Disability

15Oct

By Linda AshokNo Comments

Business, United States

An Atypical Edtech Startup Parallel Learning Enables Disability

As per reports, approximately 1 in 5 people in the US struggles with learning or thinking differences. Care, evaluations, and diagnosis for those with differences are time-consuming, expensive, inconvenient, and confusing. These barriers prevent those with learning and thinking differences from receiving the care they need. At a time when we are done and tired of edtech companies in India rather adding to the crisis, New York, United States-based startup Parallel Learning simplifies and streamlines learning difference care for families, providers, educators, and students by aggregating providers and resources in a single, easy-to-access platform. Edtech startup Parallel Learning connects students with qualified clinicians and professionals while significantly reducing waiting times...

Google Play Store Approves Truth Social by Donald Trump

13Oct

By Linda AshokNo Comments

Business, United States

Google Play Store Approves Truth Social by Donald Trump

On Wednesday, a Google (NASDAQ: GOOGL) spokeswoman confirmed that Alphabet, Inc. had approved the social networking program Truth Social created by former US President Donald Trump on Google Play Store. Truth Social, run by Trump Media & Technology Group (TMTG), is reportedly coming to the Play Store soon, according to Google. Chief Executive Officer Devin Nunes of TMTG said, " It's been a pleasure to work with Google, and we're glad they helped us finally bring Truth Social to all Americans, regardless of their device. In February, Truth Social was released in the Apple App Store in the United States. However, according to a Google spokeswoman in August, the app was previously unavailable in the Play Store owing to inadequate content moderation. Google had informed Truth Soc...

Elon Musk Needs $13B in Debt Financing to Acquire Twitter

8Oct

By Linda AshokNo Comments

Business, United States

Elon Musk Needs $13B in Debt Financing to Acquire Twitter

Yes, the world's richest man, Elon Musk, needs $13B in debt financing to acquire Twitter (NYSE: TWTR). In the $44B takeover of Twitter Inc that got dismissed, leading to Twitter taking Musk to court, the case has opened as an expression of Musk's renewed interest in acquiring Twitter. Musk's offer is now contingent on receiving $13 billion in debt financing. Musk's attorneys told the SEC in a letter dated October 3, 2022, that their client was still open to the initial $54.20 per share arrangement "pending receipt of the cash of the debt financing." This was not a provision of the original agreement. Musk is now in talks with Twitter to iron out the last details of the agreement he proposed in April but later backed out of. When all questions are answered, the two sides will file...

Meta AI Make-A-Video can Generate Video Shorts Using Text

30Sep

By Linda AshokNo Comments

Technology, United States

Meta AI Make-A-Video can Generate Video Shorts Using Text

While the world is still trying to come to terms with DALL.E, Midjourney, and Stable Diffusion, arguing a violation of intellectual rights to images randomly pulled from the Internet, the CEO of Meta (NASDAQ: META), Mark Zuckerberg, talks about the newly launched artificially intelligent (AI) program called Make-A-Video that creates text to videos using descriptions. "All of these videos were generated by an AI system that our team at Meta built. We call it Make-A-Video. You give it a text description and it creates a video for you. We gave it descriptions like: "a teddy bear painting a self-portrait," "a baby sloth with a knitted hat trying to figure out a laptop," "a spaceship landing on mars," and "a robot surfing a wave in the ocean." This is pretty amazing progres...