Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qat.....»»
Fisker raises "substantial doubt" as a going concern after $463 million Q4 net loss; 15% work force cut planned
Fisker said it has entered negotiations with a "large automaker" for a potential investment, joint development of one or more electric vehicle platforms, and North America manufacturing. Fisker didn't name the automaker......»»
Fisker raises "substantial doubt" as a going concern after $463 million Q4 net loss; 15% workforce cut planned
Fisker said it has entered negotiations with a "large automaker" for a potential investment, joint development of one or more electric vehicle platforms, and North America manufacturing. Fisker didn't name the automaker......»»
GM"s Cruise valuation slashed by more than half, email shows
Cruise employees were told the share price had been estimated by a third party at $11.80, according to an email viewed by Reuters. That's down from a prior estimate of $24.27 just one quarter ago......»»
EV maker Polestar raises $950 million, anticipates improved profit margin
Polestar projects double-digit gross profit margin by year end......»»
Nvidia tops $2 trillion valuation in first for chipmakers
While Apple and Microsoft took over two years to go from $1 trillion to $2 trillion, Nvidia is on track to accomplish that in under a year’s time as the stock rides Wall Street’s AI frenzy......»»
EPA raises concerns about Georgia"s handling of toxic coal ash
The federal Environmental Protection Agency has notified counterparts at the Georgia Environmental Protection Division that they believe the state may be allowing Georgia Power to store toxic coal ash in ways that are "less protective" than federal s.....»»
Study investigates chemical composition of metal-poor star HD 1936
Using the Ankara University Kreiken Observatory (AUKR) in Turkey, astronomers have performed high-resolution spectroscopic observations of a metal-poor star known as HD 1936. Results of the observations campaign, published February 15 on the preprint.....»»
Permit.io raises $8 million to simplify app development
Permit.io announced it has raised $8 million in Series A funding, led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors, to ensure application developers never have to build.....»»
Pulse Elite review: PS5’s new headset is best by default
Sony's Pulse Elite headset offers great audio and innovative design features, even if its PlayStation Link integration raises some questions......»»
TikTok lesbian bar debacle raises question: Who belongs in queer spaces?
TikTokker who went to lesbian bar Cubbyhole sparked discourse about who belongs in queer spaces like it. Queer New York TikTok was in an uproar recently over an incident at Cubbyhole, a famous lesbian bar in Manhattan. The conflict — betw.....»»
Apple buys iwork.ai, which raises hopes more than expectations
Apple has bought the web domain iwork.ai, which some are taking as evidence of plans to introduce major new artificial intelligence features into the company’s productivity suite … more….....»»
Nucleus Security raises $43 million to redefine how businesses manage their attack surface
Nucleus Security has announced it has secured $43 million in Series B funding led by Arthur Ventures and Lead Edge Capital. This milestone marks a significant leap forward in the company’s mission to redefine how enterprises manage risk exposur.....»»
Bugcrowd raises $102 million to boost AI-powered crowdsourced security platform
Bugcrowd has secured $102 million in strategic growth funding to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst, with participation from longtime existing investors Rally Ventures and Costanoa Ventures.....»»
Astronauts from Turkey, Italy and Sweden return to Earth, ending private space station trip
Astronauts from Turkey, Italy and Sweden returned to Earth on Friday, ending a private three-week mission to the International Space Station......»»
BorgWarner Q4 earnings, revenue improve, but EV pullback raises concerns
BorgWarner's earnings fell short of expectations, leaving investors with questions about the supplier’s exposure to EV programs......»»
Dealers want better answers to used EV questions, including reliability and valuation
Better valuation processes could help dealers and consumers understand a used EV's condition, and more low-cost EVs and incentives could kindle shopper demand......»»
How political issues hindered Turkey"s 2023 earthquake response
Two major earthquakes shook southern Turkey on February 6, 2023. Over 50,000 people lost their lives and nearly 2 million people—many of whom were Syrian refugees—were evacuated from the country's affected provinces......»»
Zuckerberg’s AI announcement raises privacy and toxicity red flags
Meta CEO Mark Zuckerberg’s AI announcement has raised major concerns, after he said that the company had more user data than was used to train ChatGPT – and would soon be using it to train its own AI systems. The company’s plan to use Facebo.....»»
NinjaOne raises $231.5 million to boost product innovation
NinjaOne announced it raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others also invested in the round. With this financing, ICONIQ Gro.....»»
EV sales could benefit from lower prices and easier used valuation
Sales of used EVs to affordability-concerned shoppers could get easier as valuation processes evolve, and the introduction of more low-cost EVs could spark interest......»»