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Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s personal wealth and never raised outside money.
That changed in the middle of this month, when DeepSeek completed a $7.4 billion fundraising that valued the startup at more than $50 billion, the biggest ever first-time fundraising by a Chinese startup. The change of heart was prompted, say three people familiar with the CEO’s thinkin
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Micron's chief business officer has hinted, without calling it out by name, that Apple's tough supplier negotiations contributed to the conditions behind the global memory shortage. In remarks given to The Wall Street Journal on Wednesday, Sumit Sadana explained that Micron was unable to fund capacity expansion during the industry's previous slump, a period when its margins turned negative partly because some buyers pushed relentlessly for lower prices. We told... Read more ›
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If you've been waiting to buy an Amazon Echo Spot then time is running out on it Amazon Prime Day deal. Read more ›
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Earlier in the week, a small group of Google Messages users noticed that they were able to set a Chat Theme after weeks of teases and early previews for the feature. Today, Chat Themes in Google Messages appear to be widely rolling out to beta users, once they complete a little trick. For those who... Read the original post: Google Messages Chat Themes are Live – How to Get Them... Read more ›
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The Education Department said that student-loan borrowers enrolled in SAVE aren't required to leave the plan until September 29 at the earliest. Read more ›
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Trip.com’s financials are the clearest single document in travel for understanding what “China risk” actually looks like when it shows up in a balance sheet. Read more ›
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Here's how to watch Senegal vs Iraq for free online and from anywhere at the FIFA World Cup 2026, in a must-win fixture for both sides. Read more ›
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Here's how to watch Norway vs France for free online and from anywhere in Group I of the FIFA World Cup 2026, as Erling Haaland goes up against Kylian Mbappe. Read more ›
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The Nintendo Switch 2 has hit a new sales record in the US in its first 12 months of release, but Xbox and PS5 console unit sales have seen a steep decline. Read more ›
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My family and I went to Buenos Aires and Argentina for the first time. We made common mistakes when planning our trip and securing transportation. Read more ›
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A Taiwanese technology company has presented its first humanoid robot, placing the firm among a group of local manufacturers trying to turn AI into machines that can work in factories, warehouses, and other physical settings. TM Technology, which built its business in integrated circuit design, said the robot is part of a wider move into ... Read more ›
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These are the ultimate Prime Day deals from 2026, as chosen by our team of tech experts. Read more ›
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E-Rate has funded library and school Wi-Fi for networking infrastructure for nearly three decades – is it time to end it? Read more ›
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FIFA has spent millions of dollars working with turf scientists to engineer 16 stadium pitches across three countries and vastly different climates. Read more ›
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The Trump administration suddenly has its eye on the AI industry, and Anthropic isn't the only target. Read more ›
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You can soon play as Toreador, Ventrue, Nosferatu, Gangrel, Brujah, and Lasombra vampires in 'Dungeons & Dragons.' Read more ›
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Google Pixel Buds are steeply on sale, presumably only through the end of the day. Read more ›
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These are the best last-minute Prime Day discounts on handheld fans, from $10 budget buys to Shark’s high-tech ChillPill. Read more ›
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The Information
There are online marketplaces that sell eclectic mixes of antiques, auto parts and electronics. Then there is Whop, a bustling bazaar for buying mostly digital experiences rather than physical goods. On the site are merchants like PreMedley, which charges $27 per month for access to online tutoring groups, study materials and videos offering advice on applying to medical school. Another merchant, Pro Sports Advice, sells horse-racing insights and betting tips... Read more ›
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The Chainsmokers are back. They released new songs in May—and are raising a new venture fund.Their firm Mantis VC is raising its fourth fund, an unofficial milestone that graduates them from emerging managers to just regular old VCs. Read more ›
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A couple of weekends ago, Sarah Polcz, a University of California, Davis, law professor, and her husband, Adam Brown, a top scientist at Google’s DeepMind, hosted a party at their Portola Valley home that had all the trappings of a geeky good time. One guest piloted a drone that rained down ice cream bars on the kids in attendance. At the swimming pool, people took turns riding on a minihouseboat—the... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The brains behind Bernie’s AI sovereign wealth fund? A Silicon Valley law professor • The Takeaway: How I learned to love Mark Rober• E-commerce: The fast-growing Thiel-backed startup defying a creator economy slowdown• Plus, Recommendations—our weekly pop culture picks: “Foul Play,” “The Feather Wars” and “Portobello”A couple days ago, I snagged a red-hot invite: David Holz, the Midjourney founder, was throwing a... Read more ›
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SpaceX’s strong first week of trading made one thing clear: Racing through its IPO at warp speed cost it nothing. The company went from initial confidential filing to listing in just 74 days, much faster than other tech IPOs in recent years, including those of CoreWeave, Figma and Airbnb, an analysis of securities filings shows. Initial public offering lawyers and consultants say the speed reflects a more hands-off approach adopted... Read more ›
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Morgan Stanley, one of the most active banks in financing data center developers, is now pitching some of those same clients on tapping a market better known for funding leveraged buyouts. It’s a sign that in the race to raise money for AI infrastructure, developers and their advisors are turning over every stone. Over the last few months, Morgan Stanley has suggested to clients that the next time they need... Read more ›
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If you’ve wanted to visit the South of France, this might be the week. The annual Cannes Lion ad festival, a time for ad folks from all quarters to gather, gets underway tomorrow. The impact of AI on advertising and media is sure to be front and center. OpenAI’s chief revenue officer, Denise Dresser, is scheduled to appear onstage twice, according to the official program, including on a panel with... Read more ›
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The initial public offering for Lime, an electric scooter and bike rental company that was once a stalwart of the late 2010s startup scene, is getting financial support from an old friend: Uber. The ride-hailing giant is expected to invest a “meaningful” amount in the deal and be named as an anchor investor on the cover of an updated IPO prospectus that Lime plans to file Monday, a person familiar... Read more ›
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John Jumper, the Google DeepMind Vice President who co-won the 2024 Nobel Prize in Chemistry, is leaving the company to join rival Anthropic, he said on X on Friday. Jumper’s move follows that of another high-profile Google researcher, Noam Shazeer, who earlier this week announced he had joined ... Read more ›
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Lime, the electric scooter and bike rental company, is set to receive financial backing from its long-time partner and investor, Uber. In an updated IPO prospectus filing expected Monday, Uber will be named as an anchor investor for the deal, The Information reported. Lime is targeting a $1.8 ... Read more ›
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26.06.2026 12:27
Last update: 12:21 EDT.
News rating updated: 19:23.
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