Reddit, the social media company known for hosting web forums on topics from the mainstream to the extremely obscure, is targeting a valuation of close to $6.5 billion in its upcoming IPO. The company and existing shareholders plan to sell about 22 million shares at a range of $31 to $34 per share, according to […]
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Bitcoin tops $68,000 as it nears 2021 all-time high
Bitcoin jumped to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by 9% at $68,635.20, according to Coin Metrics. At one point, it rose to as much as $68,848.62, its highest level since November 2021 — the last time […]
READ MOREWhy widespread tech layoff keep happening despite a strong U.S. economy
The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The artificial intelligence boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year to date. The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists’ forecasts. Hotter-than-expected inflation data may also keep the Fed from cutting rates as […]
READ MORENeo4j is planning IPO on NASDAQ, largest owner Greenbridge says
Neo4j Inc., the maker of a graph database and data science tools, is looking to go public on Nasdaq Inc.’s stock exchange in New York as soon as the window for initial public offerings opens up again, according to the company’s biggest owner. Neo4j, which counts more than 75% of Fortune 100 companies as its […]
READ MOREThe new realism in venture capital is healthy
The stampede of new Silicon Valley unicorns emerging into the world has thinned into a straggling herd. Venture capital firm Cowboy Ventures recently reported that of 532 US start-ups with billion-dollar-plus valuations in 2023, 60 per cent were what it dubbed “Zirpicorns” — companies last priced between January 2020 and March 2022 when zero-interest rate […]
READ MOREThe way AI will be sold to a skeptical public is starting to become clear
Many AI companies struggle with customers understanding how the product won’t take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There’s no greater opportunity to reach 123 million live viewers at once and get massive press buzz, even if it cost $7 million for a […]
READ MORESymptoms from excessive screen time cost the U.S. $73 billion a year, study finds
American workers are spending too much time looking at screens. More than 104 million people in the U.S., including nearly 70% of people working office jobs, spend upwards of seven hours a day looking at screens, according to a Tuesday report from the Deloitte Economics Institute and the American Optometric Association. As a result, symptoms […]
READ MORESpace investment rebounded in 2023 with heavy sector M&A, report says
Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. “Investment in Infrastructure remained strong, accounting for 70% of total 2023 investment and notching its second highest annual record, spurred by countercyclical revenue from government customers,” Space Capital […]
READ MORECES 2024: Everything revealed so far, from Nvidia and AI to Samsung’s Ballie robot
CES 2024 is here! The TechCrunch team is in Las Vegas this week to take in all of the action and decipher what it means to you. You already know what we’re expecting, so sit back, relax and stay tuned throughout the week as we bring you the products, announcements and startup news that you need […]
READ MOREAs we travel into new AI world in 2024, it’s the same old internet privacy tradeoff for consumers
All the dominant technology companies are integrating generative AI into their online services, from Google to Meta, Microsoft and Apple. Google’s recent integrations of Bard, its chat-based AI tool, with a host of Google apps and services is one example of moving generative AI more directly into consumer life via text, image, and voice interactions. Bundled with everything from Gmail, Docs, […]
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