When Olive launched in 2021, it aimed to eliminate waste from online shopping by enabling consumers to order from multiple sites and get products in one reusable package. Today, the company relaunches itself in the business-to-business space to work initially with apparel retailers on establishing a circular economy that delivers clothing and accessory orders in…
California’s attorney general, Rob Bonta, has filed a lawsuit against Amazon for allegedly anticompetitive pricing in violation of the California Unfair Competition Law and the Cartwright Act, California’s primary antitrust law. The complaint, filed in San Francisco Superior Court, accuses the company of contractually prohibiting third-party sellers from offering lower prices on platforms other than…
In pursuit of faster and more efficient AI system development, Intel, AMD and Nvidia today published a draft specification for what they refer to as a common interchange format for AI. While voluntary, the proposed “8-bit floating point (FP8)” standard, they say, has the potential to accelerate AI development by optimizing hardware memory usage and…
There is a fight emerging in Central and Eastern Europe, and all the way down into the South Eastern regions. Investors such as Inovo, Credo, LauncHUB, Vitosha, Venture Friends, Marathon VC, are all VCs of varying sizes who are – as we speak – roaming everywhere from Eastonia and Poland all the way down to…
Fazz, the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers, announced today that it has raised a total of $100 million in Series C funding. This includes $75 million in equity and a $25 million debt facility. The equity investment came from returning investors Tiger Global, DST Investment, B…
Pittsburgh-based Astrobotic has acquired Masten Space Systems after the latter company filed for bankruptcy protection at the end of July. The acquisition comes following a successful $4.5 million bid for Masten’s assets in a Delaware bankruptcy court earlier this month. The acquisition includes Masten’s substantial portfolio of space technologies, including its vertical take-off and landing…
You can’t stop fintech startups. After raising staggering sums of capital through 2021, the financial technology startup industry ran into a valuations wall this year as public markets retreated and many formerly high-flying fintech giants took lumps. Late-stage fintech startups got caught up in the wave of revaluations. Smaller fintech startups are proving to be similarly…
More antitrust litigation targeting Big (ad)Tech: Google is being sued in the UK and the Netherlands where two suits have been announced today seeking damages on behalf of publishers who claim they have been harmed by anti-competitive adtech practices. Per Reuters, publishers are seeking up to €25 billion in damages from Google for lost ad…
The world of enterprise software is often a little staid. Not today, however. The Securities and Exchange Commission today said it has charged the cloud computing giant VMware for “misleading investors about its order backlog management practices, which enabled the Palo Alto, Ca.-based technology company to push revenue into future quarters by delaying product deliveries…
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