Artificial intelligence startups drew the bulk of global venture capital investments in the first quarter of 2025, marking a sharp pivot from last year, according to new data from Pitchbook. The report revealed that a staggering 57.9% of all global VC funding in Q1 went to AI and machine learning ...
Hammerspace, a company specialising in managing unstructured data for tech giants like Nvidia, Meta, and Tesla, has raised $100 million in a recent funding round, pushing its valuation to $500 million. This investment highlights the increasing importance of efficient data management solutions in an era where companies grapple with ever-expanding ...
OpenAI has launched its GPT-4.1 series, featuring GPT-4.1, GPT-4.1 mini, and GPT-4.1 nano, accessible via API. These models replace the GPT-4.5 Preview, offering enhanced code generation, instruction adherence, and long-context processing with a context window of up to one million tokens. This advancement allows for handling complete code repositories, extensive ...
Ominimo, a Polish insurtech startup, has received its first external investment from Zurich Insurance Group, valuing the company at $220 million. This investment marks a significant milestone for the company, which has been self-funded for a year. It highlights the company's innovative risk assessment approach and growth potential in the ...
BitSaci CRYPTO GROUP LIMITED, the operator behind the Web3-focused cryptocurrency exchange BitSaci, has launched BitSaci Labs to drive investment and innovation in the Web3 ecosystem. This initiative expands beyond their core exchange services, focusing on DeFi, GameFi, and Artificial Intelligence (AI). Through BitSaci Labs, the company aims to support the ...
The first quarter of 2025 proved challenging for the Web3 space, with DeFi experiencing a sharp decline while AI and social dApps gained traction. According to DappRadar's Q1 2025 report, the total value locked in DeFi dropped by 27%, reaching $156 billion. This decline can be attributed to several prominent ...
Ray Chan, co-founder of the popular meme-sharing platform 9GAG, has reportedly taken the helm at Howkingtech International, signaling a strategic move to expand into artificial intelligence, cryptocurrencies, and Web3. According to a regulatory filing with the Hong Kong Exchanges and Clearing Limited, the acquisition of Howkingtech could reach a maximum ...
OpenAI is reportedly expecting significant revenue growth, projecting to more than triple its earnings to $12.7 billion this year, despite increasing competition from companies like DeepSeek. The company anticipates revenue will exceed $29.4 billion by 2026, highlighting its AI subscription services' strong adoption and commercial success. According to Bloomberg, ChatGPT ...
Over the past five years, the adoption of Decentralized Autonomous Organizations (DAOs) has shown steady year-over-year growth. Today, DAOs play a crucial role in the blockchain ecosystem, with their treasuries collectively holding over $15 billion—a significant share of the $160 billion total value locked (TVL) in DeFi. Moreover, every third ...
NFT trading has sharply declined since December 2024, while AI-powered dApps have emerged as the fastest-growing sector in Web3. According to DappRadar’s Industry Report, NFT trading volume has declined by 63% over the past two months, dropping from $1.36 billion in December to $997 million in January and further down ...
