Why Lithuania is a hidden gem of Europe's startup ecosystem
Lithuania's high quality of life, entrepreneurial ecosystem, and collaborative mentality have led to a 'reverse brain drain' and significant growth in tech startups. [ more ]
Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M | TechCrunch
AI tools are increasingly used by developers in the coding process, with predictions that a majority of developers will adopt coding assistants by 2028. [ more ]
U.S. Justice Department Targets AI Startup Fraud Ahead of IPOs
Crackdown on fraudulent activities by tech startups, specifically in the AI sector before going public.
Focus on addressing the 'fake it til you make it' culture in tech startups, targeting misleading investors about crucial aspects like customer reach and revenue. [ more ]
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
Sohail Prasad's Destiny Tech100 fund aimed to provide access to hot tech start-ups' shares, facing scrutiny and debate over private company stock market accessibility. [ more ]
Amsterdam-based startups that raised funding in March 2024; 7 of them are hiring right now
Amsterdam is the third-ranked startup ecosystem in Europe after London and Berlin.
Amsterdam has witnessed a significant surge in VC funding for startups, with a substantial amount of investment flowing in from foreign investors. [ more ]
Mistral releases new 'top-tier' AI model, partners with Microsoft
Mistral launches new AI model Mistral Large with top-tier reasoning capabilities and multilingual proficiency.
Mistral forms a partnership with Microsoft, releasing AI models on Azure and introducing a multilingual conversational assistant named 'Le Chat'. [ more ]
The UK threw a splashy event in New York this week to woo more American VCs TechCrunch | The UK threw a splashy event in New York to woo more American VCs
The UK celebrates its tech economy through a hologram display at Rise by Barclays.
UK tech startups raised significant venture capital funds, surpassing France and Germany combined. [ more ]
VCs double down on fintech Coast, which aims to be the Brex for 'real-world' industries | TechCrunch VCs double down on fintech Coast, the 'Brex for real-world industries'
Coast is a four-year-old contender in the expense management space focusing on businesses with field personnel.
Coast has seen significant growth and secured new funding with existing and new investors backing the company. [ more ]