Fidji Simo, the current CEO of Instacart, is set to join OpenAI as CEO of Applications, the company announced on May 7.
Startup Bangladesh Limited (SBL), the government-backed venture capital arm of the ICT Division, has announced a strategic investment in Shikho, an EdTech startup, in a move aimed at accelerating the adoption of AI-driven learning tools across Bangladesh on May 7.
Bangladeshi aerospace company DhumketuX has officially unveiled Bidrohi, a domestically built commercial sub-orbital space rocket made in Bangladesh, on 29 April.
River, a US-based technology company founded by Bangladeshi-American entrepreneurs, has acquired Wind, a blockchain-based payments application created by Hussain M Elius, the former CEO of Pathao.
A controversial artificial intelligence (AI) startup that began as a tool for cheating in job interviews has secured $5.3 million in seed funding, despite its founders being suspended from Columbia University over its creation.
Bangladeshi-led startup Octolane secures $2.6M to launch the world’s first self-driving AI CRM, transforming how sales teams engage with customers.
Two former OpenAI researchers have joined Thinking Machines Lab, the new artificial intelligence venture launched by ex-OpenAI CTO Mira Murati. Bob McGrew, OpenAI's former chief research officer, and Alec Radford, a key researcher behind the GPT technology, are now advising the startup, as per the company's official website.
Bangladesh Bank Governor Dr Ahsan H. Mansur today announced two major funds to support the country’s startup ecosystem during the ongoing Bangladesh Investment Summit 2025.
Two Bangladeshi startups - Tiger New Energy, a company offering battery-swapping technology for electric vehicles (EV), and iFarmer, an agritech platform - has recently made it to the Forbes Asia's 100 to Watch list for 2024.
Shahir Chowdhury, the founder and CEO of the Bangladeshi edtech startup Shikho, recently stated in a Facebook post that his company had been blacklisted from receiving government funding. According to Chowdhury, Shikho was close to securing an investment, which included BDT 5 crore from Startup Bangladesh Limited (SBL) as part of a larger USD 1.5 million funding round. However, SBL abruptly withdrew its support just before the agreement was to be signed, citing political reasons.
The startup landscape in Bangladesh is undergoing rapid transformation, spurred by significant inflows of international investments and the innovative prowess of local entrepreneurs. This growth is evident across various sectors, with mobile financial services and tech-based startups leading the charge.
The commencement of 'Bangladesh Startup Summit 2024' was officially announced today at a press conference held at the Bangladesh Computer Council Auditorium in Dhaka. Scheduled for July 27-28, this year’s summit is themed 'Smart Bangladesh: Endless Possibilities'.
With a recent market valuation of over $1 trillion, the Taiwanese semiconductor manufacturer TSMC has cemented itself as the most valuable company in Asia. This achievement takes place after a strong second-quarter revenue from the company, thanks to the ongoing boom of AI chips.
Microsoft has decided to leave its board observer seat at OpenAI, a position that has attracted regulatory scrutiny in both the United States and Europe. The company stated that this move was prompted by significant improvements in OpenAI's governance over the past eight months, rendering the observer seat unnecessary.
TSMC, the Taiwan-based multinational semiconductor company, briefly reached a valuation of $1 trillion recently. At the time of writing, the company's market capitalisation stands at $967.87 billion, but experts believe the number will rise again soon due to the ongoing boom in AI chips' market demands. Meanwhile, here are five things you should know about this Taiwanese chip manufacturer.
Tiger New Energy, a Bangladesh based startup established in 2021, has secured an additional USD 1 million in funding from ADB Ventures following Tiger's USD 2.5 million seed round led by Wavemaker Partners last year, propelling the rollout of its battery swapping technology across Bangladesh. Md. Ismail Hossain, Manager, Brand & Marketing of Tiger New Energy confirmed the funding to The Daily Star.
GrayMatter Robotics, co-founded by BUET graduate Ariyan Kabir, has raised USD 45 million in Series B funding led by Wellington Management, a Boston-based investment firm.
Shark Tank Bangladesh aired a special cricket-themed episode over the weekend, showcasing four sports-related businesses. The episode also had the Minister of State for Posts, Telecommunications and Information Technology, Zunaid Ahmed Palak as a guest shark.
