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GrubMarket raises $50M at a $3.5B+ valuation to build AI for the $1 trillion food distribution…
U.S. President Trump’s wide-ranging tariff hikes are already resulting in growth forecasts being cut amid other uncertainty — actions that will inevitably impact the technology sector, too. Today, however, one food e-commerce startup,…
Baidu shares jump 10% following release of new free-to-use AI models
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesShares of Chinese tech giant Baidu were trading…
Trump World Liberty Financial crypto sold $550 million in tokens
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty ImagesPresident Donald Trump's World Liberty Financial crypto project said on Monday that it…
Flexport accuses former employees of stealing its source code to create a rival startup
Creating a startup that competes with your former employer can be risky. Apple, for example, once sued a former chip design executive who founded his own chip startup in a case that was dropped in 2023.
A recent case involving…
Telcos race to transition from ‘dumb pipes’ to AI-enabled tech players
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks.Manaure Quintero | Afp | Getty ImagesBARCELONA — Global telecommunications firms are talking…
Apple reportedly considered building the iPhone 17 Air without ports
After reporting in January that Apple is adding an “Air” option to its iPhone lineup, Bloomberg’s Mark Gurman is offering more details about the upcoming slimmer iPhone.
The iPhone 17 Air will launch this fall, Gurman says — and like…
David Sacks sold $200 million in crypto holdings before taking WH job
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersDavid Sacks, the Trump administration's AI and…
The U.S. is falling behind China in nuclear fusion, needed to power AI
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed.Often called the holy grail of…
Baidu launches two new versions of its AI model Ernie
Chinese search engine Baidu has launched two new AI models — Ernie 4.5, the latest version of the company’s foundational model first released two years ago, as well as a new reasoning model, Ernie X1.
According to Reuters, Baidu claims…
Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm "Block" is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesWith its stock down more than 30% this year and…
VC Aileen Lee highlights how the broader investor exodus is worsening woes for unicorn companies
In this week’s episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle: many companies stuck in limbo aren’t just struggling to regain their footing after…
After Elon Musk Delaware exit, state weighs overhaul of corporate law
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty ImagesTesla CEO…
Y Combinator startups are fastest growing in fund history because of AI
Silicon Valley's earliest stage companies are getting a major boost from artificial intelligence.Startup accelerator Y Combinator -- known for backing Airbnb, Dropbox and Stripe -- this week held its annual demo day in San Francisco,…
SpaceX launches astronauts for long-awaited International Space Station crew swap
SpaceX successfully launched four people into space on Friday, beginning a mission that will give the International Space Station enough crew members to allow astronauts Suni Williams and Butch Wilmore to return to Earth after their…
New Intel CEO Lip-Bu Tan to receive $69 million compensation package
Intel appoints Lip-Bu Tan as CEO.Courtesy: IntelNew Intel CEO Lip-Bu Tan will receive total compensation of $1 million in salary and about $66 million in stock options and grants vesting over the coming years, according to filing on…
Republican Congressman Jim Jordan asks Big Tech if Biden tried to censor AI
On Thursday, House Judiciary Chair Jim Jordan (R-OH) sent letters to 16 American technology firms, including Google and OpenAI, asking for past communications with the Biden administration that might suggest the former president…
Buy now, pay later lender Klarna files for U.S. IPO
Pedestrians walk by an advertisement for Klarna.Daniel Harvey Gonzalez | In Pictures via Getty ImagesKlarna, a provider of buy now, pay later loans filed its IPO prospectus on Friday, and plans to go public on the New York Stock Exchange…
US lawmakers urge UK spy court to hold Apple ‘backdoor’ secret hearing in public
A group of bipartisan U.S. lawmakers are urging the head of the U.K.’s surveillance court to hold an open hearing into Apple’s anticipated challenge of an alleged secret U.K. government legal demand.
U.S. Senator Ron Wyden, along with…