Indonesia’s seafood farming industry faces a ‘technology gap’ — and startups are raising big bucks to fill it

A worker refills a robotic dispenser by eFishery, an agritech startup, at a fish farm in Subang Regency in West Java, Indonesia, in June 2022. The startup helps farmers optimize their processes through automatic feeders and mobile apps. Dimas Ardian | Bloomberg | Getty Images Indonesia’s tech startups are reeling in big money in seafood … Read more

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UK pulls plug on top tech incubator after setting out to become ‘world’s next Silicon Valley’

Traffic passes around the Old Street roundabout, also referred to as “Silicon Roundabout,” in the area known as “Tech City” in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images Tech Nation, the U.K. startup accelerator program, is set to close its doors after failing to renew its funding from the government, the organization said … Read more

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Premier League signs deal with NFT-based fantasy soccer game despite crypto downturn

The Sorare NFT soccer trading card game has partnered with the Premier League on a multi-year licensing agreement. Sorare Sorare, the $4.3 billion fantasy soccer game, has signed a multi-year deal with the Premier League that will see the world’s top soccer league license official player cards. Players of the game will be able to … Read more

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$6.6 billion-worth fintech Wise accused by rival of harming competition

The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Wise has been accused by a rival fintech company of undermining competition in the money transfer market. Atlantic Money, a smaller foreign exchange service, made this allegation in a letter to the U.K. competition watchdog, the Competition … Read more

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Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair

Array of Precision Neuroscience Source: Precision Neuroscience The human cerebral cortex is made up of six cellular layers, but at Precision Neuroscience, a team of scientists and engineers is working to build a device that’s reminiscent of a seventh.  The device is called the Layer 7 Cortical Interface, and it’s a brain implant that aims … Read more

View More Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair

Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada

An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends to hire 3,000 more people across two new facilities eventually. … Read more

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How to nominate a company for CNBC’s 2023 Disruptor 50 list

CNBC is now accepting nominations for the 2023 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. The deadline for submissions is Friday, Feb. 17 at 11:59 pm EST. All independent, privately-owned companies founded after Jan. 1, 2008, are eligible, and … Read more

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Market history says a recession could produce the next Airbnb or Slack

Layoffs, rising interest rates, spiraling valuations — this is a tough time for startups. Amid the broader economic downturn and bear market in tech stocks, investors have been favoring profitability — or at least a reasonable path to get there — over the promise of future growth. That’s been a tough sell for the VC-funded … Read more

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JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts

Jamie Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan Chase on Thursday shut down the website for a college financial aid platform it bought for $175 million after alleging that the … Read more

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Swiss company that counts Microsoft as a customer says it’s removed CO2 from the air and put it in the ground

Climeworks’ carbon removal plant in Hellisheidi, Iceland. Photo courtesy Climeworks Swiss company Climeworks announced Thursday that it has successfully taken carbon dioxide out of the air and put it in the ground where it will eventually turn into rock in a process that has been verified by an independent third-party auditor. It the first time … Read more

View More Swiss company that counts Microsoft as a customer says it’s removed CO2 from the air and put it in the ground