Business & Startups

New discoveries, ideas and trends are, doubtless, very valuable in themselves. But we have the opportunity to use their benefits only thanks to the people who know how to turn exotic technologies into generally accessible ones. In this section we write about startups, entrepreneurs and companies that use breakthrough business models and make money using forward-looking technologies. Their names, what they are busy with, how they make money and what they do to achieve success. You will find all about it here.

The 9/9/6 Schedule, Game Corporations, and Other Wonders of the IT Business in China

The 9/9/6 Schedule, Game Corporations, and Other Wonders of the IT Business in China

articles | | Business & Startups

The Chinese IT market is a vast and dynamically developing digital landscape that has attracted global attention for several years.
“Hello, Laowai!” Or What a Foreign IT Business Needs to Be Prepared For in China

“Hello, Laowai!” Or What a Foreign IT Business Needs to Be Prepared For in China

articles | | Business & Startups

The Chinese IT market is a real El Dorado for ambitious companies dreaming of global success. The numbers speak for themselves: China’s digital economy exceeds $7 trillion, and the number of internet users has reached 1.1 billion.
Ticket to Weightlessness: How Space Became an Entertainment Industry and Orbit — the New Attraction

Ticket to Weightlessness: How Space Became an Entertainment Industry and Orbit — the New Attraction

articles | | Business & Startups

Back in the 20th century, space was accessible only to astronauts — though ideas about its commercialization were already being discussed as early as the 1960s. Today, several decades later, more than 50 people have become space tourists, joining research missions without being professional astronauts. So, how much does a space trip cost? Can anyone go to space — and what does the future hold for this new entertainment industry?
Saudi Fintech Startup Tamara Raises Up to $2.4 Billion — Funds to Be Used for Expanding Credit and Payment Products

Saudi Fintech Startup Tamara Raises Up to $2.4 Billion — Funds to Be Used for Expanding Credit and Payment Products

news | | Business & Startups

Saudi payment startup Tamara has announced securing a financing package of up to $2.4 billion. The sponsors include U.S. bank Goldman Sachs, financial conglomerate Citi, and private equity funds of Apollo, managed by Apollo Global Management.
Canadian AI company Cohere plans to expand its presence in Europe

Canadian AI company Cohere plans to expand its presence in Europe

news | | Business & Startups

Canadian company Cohere, specializing in artificial intelligence solutions, has announced the opening of an office in Paris, which will serve as its operational hub in the EMEA region. The decision to expand is driven by growing demand for enterprise AI solutions in Europe, as well as by the political and business support that France provides in the field of digital technologies.
OpenAI Hires Former xAI CFO for Executive Role

OpenAI Hires Former xAI CFO for Executive Role

news | | Business & Startups

Sam Altman’s company’s finances will now be overseen by Mike Liberatore. Previously, he worked as Chief Financial Officer at Elon Musk’s xAI.
Elon Musk’s xAI Sues Former Engineer Over Alleged Data Theft

Elon Musk’s xAI Sues Former Engineer Over Alleged Data Theft

news | | Business & Startups

Elon Musk’s AI startup xAI has filed a lawsuit against a former engineer, Xuechen Li, accusing him of stealing proprietary data and passing it on to xAI’s direct competitor — Sam Altman’s OpenAI. After leaving Musk’s company, Li joined OpenAI, where he now works on training ChatGPT, replacing his previous work on Grok.
The Elon Musk Phenomenon: From His First Video Game to Spacecraft

The Elon Musk Phenomenon: From His First Video Game to Spacecraft

articles | | Business & Startups

One of the richest people on the planet, a technological genius, and a conqueror of space, Elon Musk successfully combines engineering talent with entrepreneurial vision. How did a schoolboy with a broken nose, beaten by classmates, go on to build a business empire and become one of the key figures in the White House?
Living in High-Tech Settlements of the Future: A Reality Surpassing Science Fiction

Living in High-Tech Settlements of the Future: A Reality Surpassing Science Fiction

articles | | Business & Startups

When we say the phrase “village of the future,” our imagination involuntarily conjures up futuristic landscapes from science fiction films like “The Island” or “Blade Runner.”
Elon Musk has founded his own city

Elon Musk has founded his own city

news | | Business & Startups

Despite the fact that the billionaire is actively looking towards space, he decided to build his own city on Earth, closer to home.
The Billionaire Rivalry Reaches Space Level: Amazon Launches First 27 Internet Satellites, Competing with Starlink

The Billionaire Rivalry Reaches Space Level: Amazon Launches First 27 Internet Satellites, Competing with Starlink

news | | Business & Startups

As part of the Kuiper project, Jeff Bezos’ company Amazon has launched more than twenty satellites into low Earth orbit. They were sent into space aboard an Atlas V rocket by United Launch Alliance from the Space Force base at Cape Canaveral, Florida. The project is valued at $10 billion.
Goodbye, Skype. The messenger has been shut down

Goodbye, Skype. The messenger has been shut down

news | | Business & Startups

The software for messaging, audio, and video calls has ceased operation. Users were warned about this in advance and were offered to switch to Microsoft Teams. The announcement on Skype’s official website began with: “Farewell, Skype, hello Teams”.
American Alpha rocket explodes while launching satellite into orbit

American Alpha rocket explodes while launching satellite into orbit

news | | Business & Startups

Private aerospace company Firefly Aerospace launched its Alpha launch vehicle for the sixth time. Due to technical problems during the flight, it failed to deploy Lockheed Martin's experimental satellite platform into orbit.
Nvidia Exceeds Investor Expectations

Nvidia Exceeds Investor Expectations

news | | Business & Startups | views11

The American technology firm renowned for its graphics processors and system-on-chip solutions experienced substantial revenue growth in the last quarter of 2024.
Former OpenAI Director to Launch Own Startup

Former OpenAI Director to Launch Own Startup

news | | Business & Startups | views11

Mira Murati, who resigned from her position as OpenAI’s CTO last autumn, has founded an AI development startup named Thinking Machines Lab.
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