Browsing Category
Tech
Tim Cook reportedly tells employees Apple ‘must’ win in AI
Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI, according to Bloomberg’s Mark Gurman.
The meeting came after an earnings call in which Cook told investors and…
From scrappy experiment to Wall Street’s invisible backbone
CANNES — Ten years ago, Vitalik Buterin and a small band of developers huddled in a drafty Berlin loft strung with dangling lightbulbs, laptops balanced on mismatched chairs and chipped tables. They weren't corporate titans or…
What founders should think about if looking to raise a Series C
Startup founders face a perplexing and even contradictory capital market in 2025, according to Sapphire Ventures partner Cathy Gao. “Capital isn’t scarce. But access to that capital is harder than ever,” she said.
Gao, who spoke at…
Crypto wobbles into August as Trump’s new tariffs trigger risk-off sentiment
A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Lam Yik | Bloomberg | Getty ImagesThe crypto market slid Friday…
Tesla held partially liable for 2019 fatal autopilot crash
A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages.Tesla's payout is based…
Venture firm CRV raises $750M, downsizing after returning capital to investors
CRV has secured $750 million toward the 55-year-old venture firm’s twentieth flagship fund, it announced on Friday.
The new fund is smaller than the $1 billion early-stage fund CRV closed in the fall of 2022. At that time, the firm…
Figma stock pops 5% in second day of trading after colossal debut
Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025.NYSEShares of design software vendor Figma popped more than 5% on Friday, a day after the stock more than tripled in its New York Stock Exchange…
OpenAI reportedly raises $8.3B at $300B valuation
ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year.
The oversubscribed round came months ahead of…
Nintendo earnings Q1 2025
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday, June 5, 2025. Nintendo Co. fans from Tokyo to Manhattan stood in line for hours to be among the first to get a Switch 2, fueling one…
Figma’s top VCs sitting on $20 billion in stock after IPO pop
Figma Inc. signage during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. Michael Nagle | Bloomberg | Getty ImagesYou can almost smell the bubbly wafting…
Female-founded semiconductor AI startup SixSense raises $8.5M
A Singapore-based deep tech startup called SixSense has developed an AI-powered platform that helps semiconductor manufacturers predict and detect potential chip defects on production lines in real time.
It has raised $8.5 million in…
Meta (META) Q2 earnings report 2025
Meta shares jumped more than 10% after the company reported second-quarter earnings on Wednesday that beat on the top and bottom line. Here's how the company did, compared with estimates from analysts polled by LSEG:Earnings per share:…
Uber Eats now lets merchants message customers about their orders
Uber Eats announced on Wednesday that it will now allow restaurants and merchants to chat with customers to help prevent issues with orders. The app is also introducing new AI tools for merchants, and is inviting users to submit photos…
OpenAI backs AI data center in Norway With 100,000 Nvidia GPUs
Jaque Silva| Nurphoto | Getty ImagesOpenAI on Thursday said it is launching a Stargate-branded AI data center in Norway, marking its first foray into Europe with such a project.British firm Nscale will design and build the site as part…
Figma’s IPO price hit a $19.3B valuation out of the gate
Figma will begin trading on the New York Stock Exchange on Thursday in one of the most anticipated IPOs of 2025. The IPO is 40-times oversubscribed, VCs confirmed to TechCrunch and Bloomberg previously reported.
That means demand for…
Arm shares slip as smartphone royalties disappoint
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty ImagesArm Holdings…
Palo Alto Networks to acquire CyberArk in $25 billion deal
Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion.The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing…
Space Force bets on commercial entrants in $4B satcom contest
American warfighters need jam-proof communications, and the Space Force is planning to spend hundreds of millions to ensure they have them.
As part of that effort, the service established the Protected Tactical Satcom program to build…