Argentine Startup clicOH Acquires Chilean Logistics Firm Rayo
ClicOH, accelerated by Y Combinator, expands its presence in Chile by acquiring logistics company Rayo.
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RapiCredit Set to Enter Peruvian Market with New Corporate Agreement
Colombian fintech RapiCredit plans its international expansion by entering Peru, aiming to replicate its success from its home market.
SoftBank Pivots Strategy, Sells Vision Fund Assets to Focus on AI, Chips
Masayoshi Son diverts from venture capital, targets strategic semiconductor and AI investments after divesting nearly US$29 billion in assets.
Celcoin Acquires Reg+ in Fourth Deal Over Two Years
Reg+ technology helps fintechs meet Brazilian regulatory requirements; terms of the deal remain undisclosed.
Microsoft Expands AI Efforts Beyond OpenAI Partnership
Microsoft builds its own AI technology, balancing external investments with internal innovation.
Neuralink’s First Human Brain-Chip Implant Faces Challenges Despite Successful Demos
Despite initial success, Neuralink encounters issues with implant threads retracting, potentially affecting data capture in their groundbreaking brain-computer interface.
Duemint Plans Colombia Expansion and AI Risk Analysis Launch
Backed by LarrainVial and Chile Ventures, the fintech will initiate its AI risk analysis model this quarter and expand to Colombia by year-end.
Microsoft and OpenAI Initiate $2M Fund to Combat Election Deepfakes
The fund aims to tackle AI-generated disinformation during elections, enhancing voter literacy and resilience against deceptive content.
Colombia Records 1,720 Startups in 2023, a 30% Increase From Previous Year
Bogotá and Antioquia are home to 80% of these businesses, with significant growth noted across other regions.
Elon Musk’s xAI Startup Poised for $18 Billion Valuation in Imminent Funding Round
developer of AI assistant Grok, is expected to close a funding round potentially reaching $6 billion, with Sequoia as a key investor.