DigitalOcean acquires cloud computing startup Paperspace for $111 million in cash

Digital ocean flag

Image credits: New York Stock Exchange / Stock Photo / Getty Images DigitalOcean, the cloud hosting company, announced today that it has agreed to acquire Paperspace, a New York-based cloud computing and AI development startup, for $111 million in cash. Yancey Spruill, CEO of DigitalOcean, says Paperspaces infrastructure and tools, when integrated with DigitalOceans products, … Read more

Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

Microsoft-backed AI startup Inflexion raises $1.3 billion from Nvidia and others

[1/3]The words AI Artificial Intelligence are seen in this illustration taken May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo June 29 (Reuters) – Inflection AI, a startup backed by several Silicon Valley giants, said on Thursday it raised $1.3 billion from investors including Microsoft and Nvidia amid an AI boom (TO THE). The investment, a mix of … Read more

No SSN, no problem, says Maza, a fintech startup targeting undocumented immigrants

No SSN, no problem, says Maza, a fintech startup targeting undocumented immigrants

Image credits: John Moore/Getty Images Want more fintech news in your inbox? Registration Here. While there are a multitude of fintech companies offering digital banking services to a variety of demographics, there has been one segment of the population that has historically been underserved even more than others: the undocumented immigrant. Because undocumented immigrants lack … Read more