News & Press
Follow our news portal and stay up to date with all startup and venture news
Google’s AI Models Surpass OpenAI in Major Upset
Google has surged ahead in the artificial intelligence race, overcoming previous setbacks to unveil its advanced Gemini models, Gemini 1.5 Pro and Gemma 2, which have outperformed OpenAI’s GPT-4o in key benchmarks. In the past year, Google’s AI initiatives faced significant challenges. The Bard chatbot’s initial demo provided incorrect information about the James Webb Space […]
Luxury Fashion Startup The Floorr Equips Personal Stylists with Powerful Business Growth Tools
The Floorr, launched earlier this year, is reshaping the digital styling industry by equipping personal shoppers and stylists with tools to expand their businesses. Accessible via the web and iOS, The Floorr offers a comprehensive suite of features, including tools for conducting sales, hosting tailored styling sessions, creating mood boards, and engaging in text or […]
Greenely Secures €8M Funding to Expand Reach and Drive Europe’s Energy Transition
Greenely, a Swedish energy tech startup, has secured €8 million in Series A funding to expand its energy management platform to neighboring Nordic countries. The funding round, which is approximately $8.7 million at current exchange rates, was led by Belgian investment company Korys, with participation from existing investors Luminar Ventures and other shareholders. Greenely serves […]
IT Outage at CrowdStrike Underscores Crucial Need for Cyber Resilience
A content update released by CrowdStrike late Thursday caused widespread outages across Microsoft Windows systems, affecting essential services worldwide. The update, aimed at enhancing the Falcon Sensor’s threat detection, inadvertently triggered a Windows blackout, impacting numerous industries and leaving hundreds of thousands of travelers stranded. Immediate Global Impact The outage was first noticed in Australia, […]
AI Evolution: Hugging Face, Nvidia, and OpenAI Pioneering Small Language Models
Three major players in artificial intelligence unveiled compact language models this week, signaling a major shift in the AI industry. Hugging Face, Nvidia in partnership with Mistral AI, and OpenAI have each released small language models (SLMs) that promise to democratize access to advanced natural language processing capabilities. This trend marks a significant departure from […]