Momentum

A recent PitchBook-NVCA report reveals that U.S. venture capital investors remain cautious about dealmaking in the face of economic uncertainty. While AI startups draw significant interest, overall deal volume has declined sharply.

After a nearly two-year lull, the U.S. IPO market has seen a strong resurgence in 2024, fueled by easing recession concerns and a strong stock rally. However, investors remain cautious, favoring companies with clear profitability paths as election uncertainty and economic concerns linger.

Market intelligence firm IDC has revised its global smartphone shipment forecast for 2024, projecting a 5.8% year-on-year (YoY) increase to 1.23 billion units. This optimistic outlook is fueled by strong demand for affordable Android devices in emerging markets and significant interest in generative AI (GenAI)-capable smartphones in premium segments. Accord...

The booming demand for artificial intelligence (AI) is driving major tech companies like Microsoft , Google , and Amazon to explore unconventional sites, such as old power stations and industrial facilities, for building new data centers. As the tech giants invest billions into expanding their cloud computing and AI capabilities, they face increasing cha...

Walmart and DroneUp are scaling back their on-demand drone delivery services, closing 18 delivery centers in Phoenix, Salt Lake City, and Tampa. This move comes as the partners concentrate their efforts on expanding their drone delivery operations in Dallas. DroneUp's decision to shut down these centers was confirmed by the company, which also acknowledged...

Cohere , a Canadian AI startup and competitor to OpenAI , has announced the successful completion of a $500 million Series D funding round. This new influx of capital will be used to expand Cohere’s team and advance its enterprise-grade AI technology. Founded in 2019, Cohere specializes in generative AI solutions tailored for enterprise clients. The la...