123 place 5
Klarna’s two-decade journey to a public listing means a lucrative return for its biggest backer—Sequoia Capital. The Silicon Valley firm stands to make about $2.65 billion on paper from its investment in the buy now, pay later lender, which endured boardroom drama and tumbling valuations on its way to a public listing.
Sequoia owns 21% of Klarna’s voting shares worth $3.15 billion based on Klarna’s IPO price of $40, which values the company at more than $15 billion. The VC firm invested around $500 million
A newsletter a day!
You may get 10 most important news around midday in daily newsletter. Press the button and we will send you the most important news only, no spam attached.
LIKE us on Facebook so you won't miss the most important news of the day!
The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
0
A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
0
Leaks tied to Xbox Project Helix suggest Microsoft may launch its next-gen console without a disc drive, alongside a possible Disc2Digital program. Read more ›
0 newcommer
After using AI, many business leaders say are less likely to value their human workers, but the technology is still failing to deliver consistent ROI. Read more ›
0 newcommer
Hello and welcome to Regulator, the newsletter for Verge subscribers that goes into tech shenanigans that take place in the backrooms of Washington. Really, it sometimes does feel like the online series The Backrooms: a parallel universe with no internal logic, evil corporations lurking in the background, and mind-rending eldritch horrors around every corner. (Not […] Read more ›
0 newcommer
A week ago, newly appointed Disney CEO Josh D'Amaro was busy regaling investors with plans to turn Disney Plus into the company's "digital centerpiece." By last Friday, though, his attention had presumably shifted to a fight with the Trump administration over free speech. Disney-owned ABC has now accused the administration of violating its First Amendment […] Read more ›
0 newcommer
Researcher Sasha Luccioni argues we need better emissions data and a better sense of how people are using AI in the first place. Read more ›
0 newcommer
The upcoming Samsung Galaxy Z Fold Wide will slot in between the Z Flip and Z Fold – it will be a horizontal foldable, but it will be smaller and will open to reveal a wider aspect ratio screen than Z Fold8’s squarish proportions. But will this device be closer to the Flip or to the Fold in terms of hardware? Well, as far as cameras are concerned, the answer... Read more ›
0 newcommer
OpenAI's chief futurist told the federal jury in the Musk v. Altman trial that Elon Musk "snapped and called me a jackass" at a 2018 company meeting. Read more ›
0 fresh
Vancouver firm beats $25-million USD target for fund backing early-stage MSP and AI startups. Read more ›
0 fresh
Artists like Post Malone, Zayn, the Pussycat Dolls, and Meghan Trainor have canceled tours, yet other artists are still selling tickets. What's behind the divide? Read more ›
0 fresh
Autonomous drones and ground vehicles will stream “battlefield intelligence” over 5G along the US-Canada border in a bilateral DHS experiment this fall. Read more ›
0 fresh
The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs to lead the process. Read more ›
0 fresh
US-based AI finance platform Numero has acquired Chennai-headquartered finance automation startup Royu in a cash-and-stock deal. Without disclosing the exact… Read more ›
0 fresh
The Galaxy XR is a stepping stone to the faceputers we really want: AR smart glasses. Read more ›
0 fresh
A new Linux local privilege escalation flaw called Fragnesia has been disclosed as a Dirty Frag-like vulnerability, allowing arbitrary byte writes into the kernel page cache of read-only files through a separate ESP/XFRM logic bug. Phoronix reports: Proof of concept code for Fragnesia is already out there. There is a two-line patch for addressing the issue within the Linux kernel's skbuff.c code. That patch hasn't yet been mainlined or picked... Read more ›
0 fresh
After years of using Alexa to answer questions, control smart homes, play music, and handle everyday tasks, Amazon has found a more obvious job for it. Alexa is now becoming your personal assistant, built to help you shop more often and with fewer pauses between thinking about a product and adding it to your cart. […] Read more ›
0 fresh
The venture capital firm has reportedly donated $115.5 million during this election cycle. Read more ›
0 fresh
The Information
After years of mostly tumbleweeds, the initial public offering market is about to enter one of its most exciting and potentially volatile eras. SpaceX—with a valuation expected to exceed $1 trillion—is widely anticipated to go public as soon as June, with companies like Anthropic and OpenAI potentially not far behind. As a historic wave of supply hits the market, the mechanics that underpin public trading are about to be pressure-tested.... Read more ›
0
DoorDash reported 33% growth in revenue, to $4 billion, a slowdown from the fourth quarter but still several percentage points higher than the growth rate the food-delivery firm had reported for most of last year. The strong growth reflected the acquisition in October of the European ... Read more ›
0
Warner Bros. Discovery’s revenues fell 3% in the first quarter, the entertainment firm reported Wednesday, highlighting the challenges facing the Ellison family’s Paramount Skydance, which plans to buy WBD later this year. WBD’s streaming operations, including HBO Max, reported 7% higher ... Read more ›
0
Nvidia is partnering with Corning, which manufactures glass used in smartphones as well as optical fiber and hardware components for data centers, to build three new factories in North Carolina and Texas focused on optical technologies. As part of the arrangement, Corning has issued Nvidia ... Read more ›
0
Snap’s revenue growth accelerated to 12% in the first quarter, lifted by strong growth in the social media firm’s small subscriptions business. Advertising, which contributes the bulk of Snap’s revenue, grew just 3%, a slower rate than the previous quarter. The anemic growth in advertising ... Read more ›
0
Elon Musk once offered Sam Altman a seat on Tesla’s board of directors as part of discussions about OpenAI possibly joining Musk’s electric vehicle company, a Musk ally testified on Wednesday. Shivon Zilis, who has worked for several of Musk’s ventures and has four children with the tech tycoon, ... Read more ›
0
Is xAI the next CoreWeave? SpaceX’s announcement on Wednesday that its xAI unit had struck a deal to supply computing capacity to Anthropic comes a couple of weeks after xAI struck a similar deal with AI coding startup Cursor. Last we checked, AI firms with leading models need all the computing capacity they can get, which means they’re constantly looking for capacity from others. Renting out their own capacity is... Read more ›
0
Anthropic CEO Dario Amodei said Wednesday that an 80-fold jump in revenue and customers’ AI use in the first quarter took the company by surprise. “We tried to plan very well for a world of 10x growth per year,” he said on stage during the company’s Code With Claude developer conference in San ... Read more ›
0
Elon Musk’s lawyers are close to resting their case against OpenAI, but his path to winning a blockbuster legal victory looks steeper than when the trial began, according to lawyers following the case. The Musk team is expected to wrap up its presentation by Monday, after nearly two weeks trying to prove his claim that OpenAI’s other co-founders “stole a charity.” The testimony so far has followed a pattern, with... Read more ›
0
OpenAI and Anthropic’s servers are generally bursting at the seams, while xAI’s mountain of servers aren’t as busy, as we and others recently reported. That’s burning a multibillion-dollar hole in the pocket of new xAI owner SpaceX, which is trying to go public soon and is sure to receive tremendous scrutiny over its AI-related losses.So after xAI recently struck a deal to offload server capacity to AI coding assistant Cursor,... Read more ›
0
Most popular sources
Financial Times
|
0% |
StartUp Beat
|
0% |
ScienceDaily
|
0% |
Irish Tech News
|
0% |
ArcticStartup
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
13.05.2026 15:38
Last update: 15:31 EDT.
News rating updated: 22:30.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.
