Microsoft’s quarterly earnings fell short of expectations on Tuesday, as global uncertainty and production slowdowns hit the company hard. The company posted $51.9 billion in sales for the quarter ending June 30,…
Google Fires Engineer Who Claimed Artificial Intelligence Technology was Sentient
Google has fired the engineer who claimed an artificial intelligence chatbot had gained consciousness. Blake Lemoine, raised ethical concerns with the company last month after he became convinced the AI chatbot he…
Stripe Lowers Internal Valuation as Private Startups Re-Evaluate Worth
The payments startup Stripe has lowered its internal valuation by 28%, according to reports, becoming the latest private company to readjust amid tech sell-offs on the public markets. Last year investors valued…
Amazon and Nike Ponder Peloton Takeover – Reports
Amazon and Nike are contemplating takeovers of the exercise brand Peloton, according to recent reports. Peloton enjoyed soaring sales of its exercise bikes and treadmills during the pandemic as global lockdown measures…
Bezos’s Blue Origin Sells Seat on First Spaceflight for $28 million
An unnamed bidder has paid $28 million for a seat on the first crewed spaceflight by Jeff Bezos’s Blue Origin. On Saturday the company hosted an online auction, inviting wealthy space enthusiasts…
Construction Startup Katerra to Shut Down After More Than $2bn in Funding
SoftBank-backed construction startup Katerra is to shut down, after receiving more than $2 billion in funding. The company told employees it will be shutting down operations, according to a report in The…
Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers
The CEO of Colonial Pipeline has confirmed the company paid $4.4 million in ransom to the hackers who disabled its pipeline in May. In an interview with the Wall Street Journal, Joseph…
Seattle’s Flexe Raises Another $10m to Supercharge Series C
FLEXE, a Seattle-based startup that offers retailers on-demand warehouse space, has raised another $10 million of a Series C funding round it first announced last month. The extra cash brings the round…
Parler Just Part of Social Media Whack-a-Mole, Unless US Takes Big Steps
Parler, a social media platform popular with racists, homophobes and conspiracy theorists, has been cut off by Amazon, Google and Apple, and some believe the firm may be taken offline as a…
Dallas Diversity Startup Kanarys Wins $3m Seed Round
Kanarys, a startup aiming to help employees and companies build diverse workplaces, has won a $3 million seed funding round, bringing its total backing to $4.6m. The Dallas, Texas-headquartered firm, launched in…