Posts Tagged ‘Backed’
AI Startup Backed by Microsoft Revealed to Be 700 Indian Employees Pretending to Be Chatbots
A once-hyped AI startup backed by Microsoft has filed for bankruptcy after it was revealed that its so-called artificial intelligence was actually hundreds of human workers in India pretending to be chatbots. Builder.ai, a London-based company previously valued at $1.5 billion, marketed its platform as an AI-powered solution that made building apps as simple as…
Read MoreThree Abu Dhabi giants plan stablecoin backed by UAE’s currency
Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other digital tokens, such as Bitcoin Published Tue, Apr 29, 2025 · 06:38 AM [CAIRO] Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank…
Read MoreArt Of The Deal? How Trump Backed Down On Tariffs
It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post. Trump’s decision to pause worldwide tariffs capped an extraordinary week of global panic since he announced the levies on what he called “Liberation Day.” After repeatedly denying that he was considering a halt, the…
Read MoreTikTok Alternative Backed by Mark Cuban Being Buried in App Store, Users Say
Users accused Apple of burying a TikTok app alternative backed by Mark Cuban. While President Donald Trump continues working to find investors to keep TikTok accessible in the U.S., an alternative to the social media app, which is backed by billionaire Mark Cuban, is allegedly being buried by Apple. Skylight Social was created by co-founder,…
Read MoreTrump Leaves MAGA Supporters in Shock by Supporting Immigration Visas Backed by Elon Musk’ for Foreign Tech Workers
Donald Trump left his MAGA supporters shocked by aligning himself with Elon Musk and other prominent tech leaders following a heated debate over immigration visas that left his base in turmoil. Musk sparked controversy this week after he vowed to “go to war” with MAGA Republicans after advocating for skilled foreign workers over U.S.-born employees.…
Read MoreTesla sells US$499 million of debt backed by solar equipment loans
TESLA sold US$499 million of bonds backed by loans offered to customers buying solar equipment. Deutsche Bank began marketing the five-tranche deal on Monday (Oct 28) and the process wrapped up on Friday. Fitch Ratings gave all the tranches investment-grade designations, noting the high credit scores of the customers receiving the financing. There was…
Read MoreTesla sells US$499 million of debt backed by solar equipment loans
TESLA sold US$499 million of bonds backed by loans offered to customers buying solar equipment. Deutsche Bank began marketing the five-tranche deal on Monday (Oct 28) and the process wrapped up on Friday. Fitch Ratings gave all the tranches investment-grade designations, noting the high credit scores of the customers receiving the financing. There was…
Read MoreG7 Finalize $50 Bn Ukraine Loan Backed By Russian Assets Profits
G7 leaders have finalized details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine, according to a statement released Friday. Leaders of the Group of Seven wealthy democracies said they “have reached a consensus on how to deliver” the loans of approximately $50…
Read MoreUK Rolex dealer buys watch site Hodinkee backed by LVMH, Tom Brady
WATCHES of Switzerland Group is buying Hodinkee, a US watch enthusiast site backed by LVMH and Tom Brady that racked up losses after an ill-timed foray into selling used models online. The British company, which is the top seller of Rolex watches in the country and a major retailer in the US, said the deal…
Read MoreTrump Backed Montana Candidate Tim Sheehy Caught On Audio talking About ‘Drunk Indians At 8 AM’: Report
Republican candidate for US Senator, Tim Sheehy, speaks at a rally supporting former US President and Republican presidential candidate Donald Trump (R) in Bozeman, Montana, on August 9, 2024. NATALIE BEHRING/AFP via Getty Images A Republican senate candidate in Montana allegedly made racial comments about the Crow Reservation during fundraisers. Audio of some of those…
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