Tag Archives: Start-up

Google co-founder’s flying car startup is winding down

Larry Page Justin Sullivan | Getty Images Google co-founder Larry Page’s flying car startup Kittyhawk is winding down, the company announced Wednesday. “We’re still working on the details of what’s next,” the company wrote in a LinkedIn post. related investing news JPMorgan says this company could become a leader in …

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Figma investors score historic coup with Adobe deal in down year

Adobe is paying 2021 prices. It’s 2022. Wall Street hates it. Silicon Valley is thrilled. In a year that’s featured exactly zero high-profile tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what some might call a …

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Fusion industry veterans bet on insanely strong lasers

Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, …

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Gopuff cuts 10% of its global workforce, closes 76 U.S. warehouses

A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery startup Gopuff is cutting 10% of its global workforce and closing 76 U.S. warehouses, according to a letter to investors. The layoffs impact about 1,500 employees who will be informed throughout Tuesday, the letter said. …

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Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year …

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DroneSeed uses swarms of drones to reseed forests after wildfires

  Fire seasons are now longer and the destruction more intense, as fires burn hotter and spread to more drought-stricken ground. Since the start of this year, 32,247 wildfires have burned just over 3.3 million acres in the United States, according to the National Interagency Fire Center. An early start to …

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Klarna CEO defends business despite massive losses and layoffs

Klarna CEO Sebastian Siemiatkowski has defended his company’s business model and the controversial “buy now, pay later” industry. Klarna gives customers the option of when to pay for an item — they can pay upfront, pay in instalments or delay payment for a certain period of time. Critics say this …

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Checkout.com jumps into crypto with stablecoin payments feature

The logo for payments start-up Checkout.com. Checkout.com AMSTERDAM — Online payments company Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it the last major financial services firm taking the plunge into crypto. The start-up, which competes with the likes of PayPal and Stripe, said Tuesday …

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Nuclear waste U.S. could power the U.S. for 100 years

EBR-II at the US Department of Energy’s Idaho National Laboratory. Photo courtesy Idaho National Laboratory There is enough energy in the nuclear waste in the United States to power the entire country for 100 years, and doing so could help solve the thorny and politically fraught problem of managing spent …

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European VCs are urging start-ups to cut costs

skaman306 | Moment | Getty Images European venture capitalists are advising start-ups in their portfolios to cut costs and freeze hiring as economists warn that another recession is inevitable. Their counterparts in Silicon Valley are doing the same. Following a bumper 2021 that was full of IPOs and mega funding …

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