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When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds.
Chime, for instance, was valued at $25 billion in 2021, but its bankers have been discussing pricing its shares at roughly an $11 billion valuation, a person familiar with the matter said. It expects to set an initial price range for its shares Monday.
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The Information
Republican lawmakers, right-wing influencers, far-right extremists, and conspiracy theorists pushed anti-immigrant and anti-Muslim rhetoric after Zohran Mamdani’s victory. Read more ›
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New NYC Mayor Zohran Mamdani targeted Donald Trump in his victory speech, pledging to fight corruption and support unions. Read more ›
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When did we all start ignoring Nintendo? Was it the Wii era? Because that's the moment Nintendo stepped away. That's when Nintendo decided to leave the raw-power console fight to PlayStation and Xbox, and let them slug it out while it did something else. Nintendo decided to focus on innovation and creativity and rethink the idea of the console, the Wii being the result. I remember how it was greeted... Read more ›
2,639 fresh
Zohran Mamdani beat former Democratic Gov. Andrew Cuomo and Republican Curtis Sliwa to win the race. Read his full acceptance speech. Read more ›
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Democratic socialist candidate Zohran Mamdani, 34, is projected to defeat Andrew Cuomo in the race for New York City mayor. Read more ›
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ElevenLabs CEO Mati Staniszewski said his AI audio startup could only have been created in Europe. It's why he casts a wide net for employees. Read more ›
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Zohran Mamdani, currently a state assemblyman, is set to get a large raise when he takes office as mayor of New York City. Read more ›
1,547 fresh
In addition to affordability, New York City’s mayor-elect will be forced to reckon with the NYPD’s sweeping mass surveillance operations. Read more ›
1,180 fresh
Much of the content about Mamdani online hasn't come from his campaign, or the dozens of political influencers invited to cover it. It's also come from fans. Read more ›
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Socialists just seized the commanding heights of New York City. On Tuesday night, Zohran Mamdani — a longtime member of the Democratic Socialists of America (DSA) — won the mayoralty of America’s largest municipality. Mamdani’s election constitutes a triumph for America’s long-suffering socialist movement — possibly, the most significant in its history. His victory may […] Read more ›
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In a bulletin to law enforcement agencies, the FBI said criminal impersonators are exploiting ICE’s image and urged nationwide coordination to distinguish real operations from fakes. Read more ›
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Carli Michelle Wright worked at a law firm, putting in over 80 hours a week. She quit to take care of her mental and physical health. Read more ›
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Today, Sony will officially push out one of the biggest PS Portal updates the peculiar little handheld has received since it was first released back in November 2023. Read more Read more ›
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Google is updating the Chrome app for the iPhone and the iPad with a dedicated "AI Mode" button that matches functionality found in the desktop version of Chrome. AI Mode is located under the Google search bar, next to an Incognito Mode button. The AI Mode option provides quicker access to Chrome's Gemini-powered AI search feature. Google says that AI Mode lets users ask more complex, multi-part questions, and follow... Read more ›
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Zohran Mamdani owes his win as New York City mayor substantially to his internet presence. Mamdani - as numerous writers have outlined - is good on social video. He picked a message, stuck to it, and adapted that platform to snappy soundbites across multiple mediums. But Mamdani's best trait as an online communicator wasn't knowing […] Read more ›
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Business leaders, including Bill Ackman and Andrew Yang, have congratulated Zohran Mamdani on his mayoral win. Read more ›
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Bang & Olufsen just announced a new luxury speaker that costs a pretty penny. The Beosound Premiere is a soundbar made from aluminum that's priced at $5,800. It's visually striking, with the company referring to the soundbar as a "piece of art." The aluminum chassis looks to be seamless, with a gorgeous matte satin finish. The up-firing tweeter has been placed directly in the center to draw the eye and... Read more ›
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When I was a student, I was lost and unsure of my future. Now that I'm teaching the same class I once took, I'm face-to-face with my younger self. Read more ›
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The buzziest political word of the year is “affordability” — it’s the mantra that carried the insurgent progressive candidate Zohran Mamdani to victory in New York City’s mayoral race, and that Democrats across the country have since raced to claim as their own. “Affordability is the central issue, the central reason to be a Democrat,” […] Read more ›
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The Information
Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
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Before we get to today’s column, OpenAI is continuing its trend of diversifying its cloud compute providers away from Microsoft. Monday morning, the ChatGPT maker announced that it has signed a seven-year, $38 billion cloud deal with Amazon Web Services. OpenAI will immediately start using compute from AWS, with the goal to deploy all capacity before the end of next year, with the option to use even more compute into... Read more ›
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About half of subscribers to The Information who responded to our latest survey said they bought or sold cryptocurrency, crypto exchange-traded funds or crypto treasury stocks in the past three months. Notably, more of our readers are buying than selling: 47% of all respondents said they bought crypto or something related in the past three months, while just 25% said they sold. The survey’s findings are based on 528 responses. Read more ›
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Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto exchanges, is raising money at a $20 billion valuation, according to a person familiar with the matter, after getting $500 million in new... Read more ›
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OpenAI’s revenue could reach $100 billion in 2027, Sam Altman said on a podcast published Friday with Altimeter Capital and OpenAI investor Brad Gerstner. Altman said the ChatGPT maker was already “doing well more revenue,” than $13 billion, an apparent reference to its annualized pace, which ... Read more ›
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One August morning, Kaarage woke up and took the train from the Japanese countryside into the city. She went to a restaurant and enjoyed a lunch of vegetables and soup, as well as an iced coffee. Afterward, she studied a musical score on her iPad, then went home to relax. Kaarage is not a person: She’s an internet-beloved Moflin, an AI-powered robopet made by Casio—yes, Casio—who shares a charming, bucolic... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Benchmark’s high-stakes pressure test • Artificial Intelligence: The VCs who turned vibe code into whimsical passion projects• Artificial Intelligence: Venerable Casio’s surprise hit? An AI robopet • WTF: Behind the scenes at our summit for the most powerful and influential women in tech, media and finance • The Arena: WNBA owner Clara Wu Tsai has a $1 billion plan• Plus, our... Read more ›
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France threatened to ban Shein from selling products in the country after a consumer protection regulator said in a statement it had discovered the fast-fashion giant was selling sex dolls “with a childlike appearance.” France’s economic minister Roland Lescure said Monday that the government ... Read more ›
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Travel software firm Navan, which weathered a pandemic, name change and government shutdown on its path to an initial public offering, had a disappointing start as a public company. Shares fell 20% on the first day. Its earliest investors still made big gains on paper though. Investor Oren Zeev and his affiliated funds, which invested $150 million starting with Navan’s seed round in 2015, had about a $1 billion stake... Read more ›
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In less than a year, AI-assisted coding has become a fixation within Silicon Valley, which sees the companies building such products as some of the most lucrative startups in tech. While tools like Cursor and Anthropic’s Claude Code can’t transform techno novices into app-building wizards overnight, they do make coding faster—and easier for people who have some knowledge of coding but don’t have the same skill as a veteran engineer.... Read more ›
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Most popular sources
Business Insider
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36% 34 |
Wired
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27% 24 |
Gizmodo
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7% 1 |
MacRumors
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5% 3 |
Vox
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5% 3 |
| View sources » | |
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05.11.2025 14:23
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