Category Archives: Startups

Startups

French Startup Spiko Raises $22M as Tokenized Money Market Funds Take Off

Paris-based fintech startup Spiko has raised $22 million in a funding round led by Index Ventures, marking a major milestone for the fast-growing player in the tokenized money market fund (MMF) sector. High-profile angel investors in the round include Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, and Wise CTO Harsh Sinha.

Despite launching less than a year ago, Spiko has already amassed nearly $400 million in assets under management (AUM), placing it just outside the top five globally in tokenized MMFs. For comparison, fourth-ranked WisdomTree holds $489 million in AUM. Spiko’s stated goal of reaching $1 billion AUM by year’s end appears increasingly plausible given its rapid ascent. Continue reading French Startup Spiko Raises $22M as Tokenized Money Market Funds Take Off →

Business, Startups

Scale AI Lays Off 200 Employees Amid Restructuring of Generative AI Division

Just one month after Meta invested $14.3 billion for a 49% stake in Scale AI, the data-labeling powerhouse has announced a major workforce reduction, cutting approximately 14% of its staff—about 200 full-time employees—along with 500 global contractors, as the company reassesses its generative AI strategy.

The announcement was confirmed by Scale spokesperson Joe Osborne, who told The Verge that the layoffs are part of a broader restructuring intended to streamline operations and reduce internal inefficiencies. The move follows a period of rapid hiring that CEO Jason Droege now says outpaced market demand.

“The reasons for these changes are straightforward: we ramped up our GenAI capacity too quickly over the past year,” Droege wrote in an internal memo viewed by reporters. “That created too many layers, excessive bureaucracy, and unhelpful confusion about the team’s mission.” Continue reading Scale AI Lays Off 200 Employees Amid Restructuring of Generative AI Division →

Business, Startups

LingoLina™ Launches A Groundbreaking New Way to Learn Languages—Naturally, Effortlessly, and Free

In a world filled with grammar drills, forgettable flashcards, and dropout-prone apps, a bold new language-learning method is turning the industry on its head. LingoLina™ launches a revolutionary platform that offers a completely natural and intuitive way to learn languages—without memorization, burnout, or boring beginner content.

Developed by award-winning writer and linguistic innovator Camille Sharon Kleinman, the newly launched LingoLina™ platform introduces a patent-pending system called NeuroFluent™ Immersion—a neuroscience-based approach designed to mimic the way the brain naturally acquires language. And it’s all completely free. Continue reading LingoLina™ Launches A Groundbreaking New Way to Learn Languages—Naturally, Effortlessly, and Free →