#startup

American startup Figure, specializing in robotics, has garnered $675 million in investments from technological giants including Microsoft, OpenAI, Amazon, and Nvidia. This influx of capital has propelled the 80-person company to a valuation of $2.6 billion. Figure's initial plan was to develop a humanoid robot within its first year of operation.

OpenAI, a leading developer in artificial intelligence, achieved an annual revenue exceeding $2 billion, driven by the immense popularity of its ChatGPT application. This achievement positions the tech startup as one of the fastest-growing companies ever. Some Microsoft investors are optimistic, forecasting that revenues could double by the end of 2025 due to strong business demand.

These kids’ toys are the first products from Curio, a Silicon Valley startup that harnesses AI technology for its toy line.

Facing a court decision that sided with the SEC's classification of LBRY Credits tokens as securities, the crypto startup LBRY is poised to appeal. Taking a leaf out of Ripple's book, they're looking to challenge the $111,614 fine and the bar on issuing tokens.

The notorious FTX exchange has settled a lawsuit to recover $323 million spent in 2021 to acquire a European startup.

Dutch waste processing firm Bollegraaf Group has forged a partnership with British AI startup Greyparrot, which specializes in developing an automated waste analysis system. This innovative technology helps identify misclassification, segregate recyclable items, and prevent the disposal of contaminated materials through incineration.

Binance's newly appointed CEO, Richard Teng, proclaimed that the cryptocurrency exchange is evolving from a defiant tech startup to a conventional financial institution.