🔥5 New Unicorns Join The Board And 5 Exit in October
Five new unicorns joined Crunchbase’s Unicorn Board in October, spanning sectors like AI, energy, fintech, and robotics. Notable companies include AI coding platform Poolside and energy startup Pacific Fusion, with a collective valuation exceeding $7 billion. Meanwhile, five companies exited the board, contributing to the overall growth, driven by major funding rounds, including OpenAI's $6.6 billion raise.
🔥5 New Unicorns Join The Board And 5 Exit in October
Five new unicorns joined Crunchbase’s Unicorn Board in October, spanning sectors like AI, energy, fintech, and robotics. Notable companies include AI coding platform Poolside and energy startup Pacific Fusion, with a collective valuation exceeding $7 billion. Meanwhile, five companies exited the board, contributing to the overall growth, driven by major funding rounds, including OpenAI's $6.6 billion raise.
Pavel Durov, Telegram's CEO, is known as "the Russian Mark Zuckerberg," for co-founding VKontakte, which is Russian for "in touch," a Facebook imitator that became the country's most popular social networking site. What distinguishes the app from competitors is its use of what's known as channels: Public or private feeds of photos and videos that can be set up by one person or an organization. The channels have become popular with on-the-ground journalists, aid workers and Ukrainian President Volodymyr Zelenskyy, who broadcasts on a Telegram channel. The channels can be followed by an unlimited number of people. Unlike Facebook, Twitter and other popular social networks, there is no advertising on Telegram and the flow of information is not driven by an algorithm. And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. Ukrainian President Volodymyr Zelensky said in a video message on Tuesday that Ukrainian forces "destroy the invaders wherever we can." Messages are not fully encrypted by default. That means the company could, in theory, access the content of the messages, or be forced to hand over the data at the request of a government.
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