Having founded last year, Loom Games’s Pixel Flow! already surpassed 10 million global players Mobile gaming company Scopely acquires a majority stake in Loom Games, the Istanbul-based developer of the mobile puzzle title Pixel Flow!, at a valuation of $1 billion. The game, launched in […]
Temu’s Turkish subsidiary, WhaleCo Turkey Teknoloji, will handle imports directly Temu resumed sales in Türkiye under a new import structure after briefly suspending cross-border shipments earlier this month. The halt followed a government move to end simplified customs procedures for goods valued below €30. During […]
This week’s stories are about tech, AI and chips, coming from Korea, Netherlands and the USA Global chip sales to reach $1 trillion Global semiconductor sales are on track to reach $1 trillion this year, driven by surging demand tied to artificial intelligence (AI) The […]
Uber adds Getir’s food, grocery, retail and water delivery services to the portfolio Uber Technologies agreed to acquire Getir’s delivery operations in Türkiye, expanding its presence in the country’s fast-growing on-demand market. No financial terms of the deal have been announced. The deal covers Getir’s […]
Importance of grid capacity and battery storage to sustain the industry’s growth The solar industry is poised to expand by nearly a third in 2024, exceeding predictions by adding 593 gigawatts of new capacity, with China leading the way, according to a report by Ember, […]
The program offers three-year work permit and various incentives Turkey introduced a new visa scheme designed to ease the process of obtaining work permits for foreign professionals and entrepreneurs with specialized skills, aiming to draw in high-value tech startups. Being launched last week, The Türkiye […]
Riverwood Capital leads investment in Picus, reaching a total investment of $80m Picus Security, the security validation company, announced it raised a $45 million growth investment round led by Riverwood Capital with the participation of existing investor Early Bird Digital East Fund . The new […]
This week’s three stories come from Europe and Saudi Arabia 1-Amazon’s $10B UK investment to build cloud and AI infrastructure Amazon Web Services (AWS), Amazon’s cloud business, announced to invest £8 billion ($10.45 billion) over the next five years to establish and operate data centers […]
This week’s stories cover two semiconductor and one sustainability issues 1-Qualcomm in search of acquiring Intel’s chip-design arm Qualcomm looks to acquire portions of Intel’s design arm to boost the company’s product portfolio, according to two sources familiar with the matter. I saw this scoop […]
One AI, one startup and one sustainability subjects make up this week’s stories 1-Ex-OpenAI co-founder Sutskever’s new startup, SSI, raised $1 billion Safe Superintelligence (SSI), recently co-founded by OpenAI’s former chief scientist Ilya Sutskever, raised $1 billion, according to Reuters. Here’s what we know so […]
AI, data center and sustainability are this week’s stories 1-Apple, Nvidia and Microsoft plan to invest in ChatGPT maker’s OpenAI Apple, Nvidia and Microsoft are all in talks to join OpenAI’s funding round that would value the ChatGPT maker at more than $100 billion, according toThe […]
Refabric completed pre-seed round investment Refabric, an AI-powered software company in the fashion and textile industry, completed its pre-seed investment round.Having co-founded by Seda Domaniç, Begüm Doğru Öztekin, Safiye Dinçtürk Turgut, Hakan Baş, Mustafa Alpay and Alemşah Öztürk, The Delaware-based company raised $1.16 million at […]
Turkish startup involved in Saudi Arabia’s futuristic project, Neom Evreka, a Turkish sustainability startup specializing in waste and material management technology, expands its presence in the Gulf countries by participating in significant projects in Saudi Arabia. Continuing its efforts to establish the smart waste management […]
Two stories come from Europe and one story from the US 1- Margrethe Vestager, Big Tech’s European nemesis, steps down Margrethe Vestager, the European Union’s commissioner for competition, won’t be nominated for a third term and will be stepping down this year. I saw this […]
