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Top Innovation-village.com News

Musk’s Neuralink Raises US$650 Million in Latest Funding as Clinical Trials Begin
Neuralink · United States

Musk’s Neuralink Raises US$650 Million in Latest Funding as Clinical Trials Begin

40% Center coverage: 15 sources
See the Story
Microsoft-Backed Builder.ai Bankrupt After ‘AI’ Powered by 700 Indian Engineers
Europe · India

Microsoft-Backed Builder.ai Bankrupt After ‘AI’ Powered by 700 Indian Engineers

42% Right coverage: 12 sources
Builder.ai, an AI startup backed by Microsoft, goes bankrupt after it’s revealed that over 700 engineers were behind its ‘AI’ app-building platform.See the Story
Musk Promises X Will Offer XChat 'This Week'—Will It Challenge WhatsApp?
Elon Musk

Musk Promises X Will Offer XChat 'This Week'—Will It Challenge WhatsApp?

55% Center coverage: 11 sources
XChat will support encrypted and vanishing messages, as well as audio and visual calls without a phone number, Musk said.See the Story

Uruguay-Based dLocal Intends to Acquire Fintech AZA Finance

100% Right coverage: 2 sources
Uruguayan payments giant dLocal confirmed plans to acquire Nairobi-based AZA Finance for $150 million, according to a June 3 regulatory filing. The deal, pending approvals, aims to strengthen dLocal’s African footprint while diversifying beyond its Latin American stronghold, which currently drives 75% of its $746 million annual revenue. AZA Finance brings 15 million processed transactions […]FinanceSee the Story

IBM Acquires Seek AI to Power Watsonx AI Labs

100% Center coverage: 2 sources
: Unsurprisingly, it's all about agents, the buzzword du jourIBM · New YorkSee the Story

Kumulus Water Secures $3.5m to Scale Off-Grid Tech That Pulls Drinking Water from Air - Innovation Village | Technology, Product Reviews, Business

Kumulus Water, a Franco-Tunisian climate tech startup turning air into drinking water, has raised $3.5 million in seed funding to accelerate its mission of providing sustainable, decentralized water access to underserved regions. The round was led by Bpifrance (via France 2030 SGPI and the Île-de-France Region), with participation from PlusVC, Khalys Venture, Flat6Labs, Spadel, and several family offices and founders from across Europe and North…Startups · Île-De-FranceSee the Story

After the Raise: What I Tell Startup Founders Who Think They’ve “Made It” - Innovation Village | Technology, Product Reviews, Business

After more than 32 years in business—spanning startups, corporates, crises, and comebacks—I’ve seen how quickly success can become a setback when it’s misunderstood. One of the most common patterns I see among young startup founders is what I call “premature celebration syndrome.” It typically shows up just after the funding round closes. TechCrunch, TechCabal or Innovation Village does a write-up. Congratulations flood in. Everyone’s on a high.…StartupsRead Article

One of Africa’s most successful founders is back with a new AI startup and already raised $9M

100% Center coverage: 1 sources
In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what isBusiness · TunisSee the Story

Fincra Secures Bank of Tanzania Payment System Provider License, Boosting East African Expansion

Fincra, a Nigerian payment platform offering solutions for online and offline payments, multicurrency accounts, and global transfers, has secured a payment system provider license from the Bank of Tanzania. The license under the 2015 Payment Systems Licencing and Approval Regulations, authorizes Fincra to deliver secure, scalable, and compliant payment solutions to businesses and consumers in […] The post Fincra Secures Bank of Tanzania Payment …Startups · TanzaniaSee the Story

Global Tech Giants Predict the End of Smartphones — But Apple Isn’t on Board Yet - Innovation Village | Technology, Product Reviews, Business

For over a decade, smartphones have been the cornerstone of communication, entertainment, and productivity. But that era may be approaching its end. Tech industry leaders are increasingly forecasting a future where the smartphone becomes obsolete, replaced by next-generation technologies like smart glasses and AI-powered assistants. Companies like Meta, OpenAI, and Humane are leading the charge toward a post-smartphone future. Meanwhile, Apple—t…SmartphonesRead Article

Equity Group Fires Over 1,200 Staff in Major Anti-Fraud Crackdown - Innovation Village | Technology, Product Reviews, Business

Equity Group has dismissed more than 1,200 employees as part of a sweeping effort to clamp down on internal fraud, CEO James Mwangi confirmed this week. The move, one of the most extensive in Kenya’s banking history, follows an internal investigation that uncovered widespread staff collusion with fraudsters, resulting in financial losses exceeding KES 2 billion (approximately $15.4 million) over the past two years. Some of the stolen funds were …Kenya · KenyaRead Article

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