Startups that build artificial intelligence (AI) applications on top of large language models (LLMs) are reportedly making rapid gains in both sales and funding. These startups are reaching as much as $200 million in annual recurring revenue in less than two years and, as a...
British startups are reportedly weighing a move to the U.S. as investment declines. Startups in the U.K. took in just £16.2 billion ($21.1 billion) last year, the Financial Times (FT) reported Sunday (April 13), citing data from Dealroom. That figure, the report said, is the...
In the business realm, the word “startup” conjures up the garage as innovation lab, the bootstrapping and scrapping micro-firm that has the potential to disrupt an industry and grow into a behemoth. Apple comes to mind, and so does Microsoft. Social media platforms were once...
Los Angeles accused rental startup Blueground of price gouging following the city’s wildfires. City Attorney Hydee Feldstein Soto’s office filed a civil action against the company, alleging it drove up the prices of its rentals by more than 10% and up to more than 50%...
The largest startups in the United States are reportedly raising so much capital in private markets that they can delay launching initial public offerings (IPOs). These startups have raised the billions of dollars they need to continue growing and to enable employees to cash out...
Starting a new business is an exercise in optimism. Entrepreneurs see an opportunity, often a local one — a vacuum where demand is there to be met, and money is to be made. In the latest data from the U.S. Census on business formation, November...
The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets and provide more support to startups. In discussions at the Eurogroup in Luxembourg, finance ministers supported proposals to finance the scale-up...
Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider economy. Data from Carta, a provider of services to private companies, reveals that 254 venture-backed clients went bankrupt in the...
Visa and innovation platform Plug and Play are accepting applications for the second cohort of the Visa Inclusive Fintech Accelerator, which aims to accelerate the growth of FinTech startups led by diverse founders. The companies are seeking applications from FinTech startups that meet one or...
