tech startups

  1. Hanno Labuschagne

    OpenAI launches new funding round revealing R2.7-trillion valuation

    OpenAI launches new funding round revealing R2.7-trillion valuation OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion (R2.68 trillion), according to people familiar with the situation. The new valuation, a figure that doesn’t include the money being raised...
  3. Hanno Labuschagne

    Uber funding Nigerian startup Moove with up to $100 million — Report

    Uber funding Nigerian startup Moove with up to $100 million — Report Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million (R1.93 billion), said people familiar with the matter. The US ride-hailing firm will join a...
  4. Hanno Labuschagne

    xAI has secured $500 million in funding so far — Report

    xAI has secured $500 million in funding so far — Report Elon Musk’s artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, according to people with knowledge of the talks. The company is discussing a valuation of $15 billion to...
  5. Hanno Labuschagne

    Remote-driven car service launched in Las Vegas

    Remote-driven car service launched in Las Vegas German startup Vay has launched a remotely driven car service in Las Vegas after years of developing and testing the technology as an intermediate step toward full autonomy. Vay’s offering involves humans remote-controlling cars — Vay calls them...
  6. Hanno Labuschagne

    10 dope gadgets from CES 2024

    10 dope gadgets from CES 2024 The coolest gadgets unveiled at the Consumer Electronics Show (CES) 2024 include a face-scanning security lock, a smart home beer brewer, a noise-reducing mask that also keeps your conversations private, and an exercise bike that can charge your electronics. CES...
  7. Hanno Labuschagne

    Elon Musk founds potential new AI startup

    Elon Musk founds potential new AI startup Elon Musk has incorporated an entity called X.AI in the state of Nevada, potentially laying the groundwork for a startup that could pursue his artificial intelligence ambitions. Musk and Jared Birchall, who operates Musk’s family office, incorporated...
  8. J

    South Africa's tech startup industry to take a hit due to Section 12J tax change

    South Africa's tech startup industry to take a hit due to Section 12J tax change National Treasury’s decision to stop its Section 12J tax benefits is bad news for the South African tech start-up environment and will make it more difficult for new tech businesses to access funding. This is the...
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