Ride-hailing app Careem has secured $200 million in fresh funding. The first tranche of its Series F round, which is expected to exceed $500 million, was led by existing investors including Al Tayyar Group, Kingdom Holding, Rakuten and STV. Founded in 2012, Careem claims to have 30 million registered users in over 120 cities in the […]

According to a new survey, Instagram has overtaken Snapchat as the most popular social media platform among American teenagers. Investment banking firm Piper Jaffray released the latest version of it’s bi-annual “Taking Stock With Teens” report which showed 85% of the 8,600 participants said that they use Instagram at least once a month. In comparison, 84% of […]

On the effects of counterproductivity, and how better technology consumes more time than it saves. Once upon a time, women were forced to spend all their time burdened with housework. But then, to their rescue came technology. With the creation of vacuum cleaners, dishwashers and washing machines, technology liberated women and gave them more time to […]

By Laura Desmond It isn’t uncommon for the total trading volume of all cryptocurrencies to easily hit 20 billion USD, and the world is struggling to create ways for this money to be spent outside of exchanges. While the methods of spending cryptocurrencies is certainly growing with physical stores, websites, and the like, there is […]

Twitter became aware of some of the bots on Thursday when NBC News presented the company with evidence of coordinated activity. Twitter suspended a network of suspected Twitter bots on Thursday that pushed pro-Saudi Arabia talking points about the disappearance of journalist Jamal Khashoggi in the past week. Twitter became aware of some of the […]

Its vision to become ‘Amazon for transportation’ sounds a lot like establishing a monopoly After replacing Travis Kalanick in August 2017, Uber CEO Dara Khosrowshahi is shifting the company’s focus. Though the company has always sought to become a world-class transportation platform, it has recently begun to describe itself as “Amazon for transportation” — an ambition which indicates […]

By Laura Desmond If you don’t know them, here are some incredible things they’ve achieved: Font Awesome has a 20% market share among those websites which use third-party Font Scripts on their platform, ranking it second place after Google Fonts They were Github’s most popular new open source project in 2012 and are currently in […]

But can any company afford to manufacture one-off medical treatments? The first time someone pitched Genentech’s senior leadership on a personalized cancer vaccine, it did not go well. “I thought there was going to be a riot,” Ira Mellman, then Genentech’s head of research oncology, recalls. From across the table, he watched the scientific review […]

Is there anything more annoying than a slow performance of your go-to application? At the time when most people are used to apps that respond quickly, work efficiently, and are updated regularly, market-oriented companies find themselves in a position where they must keep up with the pace or become extinct. For Crypterium, as well as for […]

Hong Kong-Baidu has become the first Chinese company to join a US-led alliance on artificial intelligence that includes Silicon Valley’s biggest names. The Partnership on AI was established in 2016 to ease concerns about the development and use of the frontier technology. Fears over AI include the risk of machines becoming smarter than people, which Elon […]