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Digital transformation — the process of transforming outdated apps and processes with cloud technologies and digital workflows — can be a risky undertaking. In 2023, Harvard Business Review reported that while 89% of large companies have a digital and AI transformation underway, they’ve only captured 31% of the expected revenue uplift and 25% of anticipated
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New York-based fintech Payoneer has acquired Skuad, a Singapore-based global HR and payroll startup, for $61 million in cash, the company exclusively told TechCrunch.  Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to
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Airbnb CEO Brian Chesky suggested on Tuesday’s Q2 earnings call with investors that the company will soon expand into new products and services, including co-hosting, a relaunch of Airbnb’s “experiences,” guest services and more. The company positioned the upcoming offerings as a way for Airbnb to grow its revenue by becoming known for doing more
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Decentralized X competitor Bluesky, a startup offering a social network where users can choose their own algorithm and moderation services, announced on Monday the addition of a new board member, Mike Masnick. Best known as the founder of tech blog Techdirt, Masnick is also credited with inspiring the Bluesky project through his paper titled “Protocols,
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Along with a long-awaited update to the Nest Learning Thermostat, Google on Tuesday unveiled its latest set-top streaming box ahead of the company’s Made by Google 2024 event next week. Google TV Streamer’s arrival marks the end of the Chromecast line. With more than a 100 million sold over an 11-year life, it was a
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Groq, a startup developing chips to run generative AI models faster than conventional processors, said on Monday that it’s raised $640 million in a new funding round led by Blackrock. Neuberger Berman, Type One Ventures, Cisco, KDDI and Samsung Catalyst Fund also participated. The tranche, which brings Groq’s total raised to over $1 billion and
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The humble garage is so steeped in Silicon Valley lore it’s almost cliché. Yet that’s exactly how Caleb Boyd and Kevin Bush started Molten Industries: in the garage of the Stanford professor’s on-campus home, where Kevin rented an apartment. It had everything they needed: space and, most importantly, power. The two wanted to break methane’s
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