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In mid-2020, when cryptocurrency firm Circle needed to raise cash, CEO Jeremy Allaire sought out Steve McLaughlin, founder of investment bank FT Partners and a force in fintech dealmaking.
For its services, FT wanted a percentage of any capital it raised for Circle, plus fees on any future fundraising or acquisition, even if FT wasnât involved. While those terms are far longer than what most banks expect, Allaire agreed, telling McLaughlin in an email: âI can live with this. Blood brothers. Letâs do someth
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The Information
Bird founder says takeover remains non-hostile as CM.com issues new shares below proposed offer. Bird founder and CEO Robert Vis has reaffirmed that Birdâs interest in CM.com is strictly non-hostile, as he responds to CM.comâs announcement of issuing 1,020,408 new ordinary shares at âŹ4.90 per share to a single investor. âBefore any public announcement, I ... Read more Read more âș
969 fresh
Tesla CEO Elon Musk said in August that Waymo's robotaxis can't drive on highways because of the sensors. Waymo announced freeway rides on Wednesday. Read more âș
866 fresh
Embark Studios has updated Arc Raiders with the North Line, adding new ARC enemies, and a community event that'll unlock the new map. Read more âș
645 fresh
OpenAIâs GPTâ5.1 upgrade makes ChatGPT more reliable and gives it a customizable personality. Read more âș
601 fresh
Bought by volunteers, the 8-inch and 10-inch propeller drones were used to strike vehicles near the Dontesk airport, the special forces unit said. Read more âș
545 fresh
Professors are fighting AI by making students write by hand. Too bad it's unreadable. Read more âș
536 fresh
Want to be a Goldman Sachs managing director? The road isn't easy. Five new MDs are reflecting on how they clinched the powerful title. Read more âș
432 fresh
Tesla's VP of AI software said next year will be a key test for the automaker during the nearly two-hour staff meeting. Read more âș
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If you're tired and struggling to make it through the day, experts say these foods can give you the energy you need. Read more âș
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Vendep Capital, the Finnish venture capital firm known for its focus on early-stage B2B SaaS companies, has raised its fourth fund at âŹ80 million to support the next generation of SaaS founders across the Nordics and Baltics, particularly those building AI-first products. The round is backed by several leading Nordic and European investors, including the state-owned ... Read more âș
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vivo unveiled the X300 and X300 Pro last month in China, and later introduced them in European markets. Now, the brand has announced that both smartphones are "coming soon" to India. vivo hasn't revealed the India launch date of the X300 and X300 Pro, but rumors claim the two phones will debut in the world's second-largest smartphone market in the first week of December. The promo page set up by... Read more âș
358 fresh
Food manufacturers, restaurants and grocery stores are selling Americans smaller portion sizes, thanks to the rise of both food prices and Ozempic. Read more âș
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Reputable gadget leaker Evan Blass has taken to X with âsome confirmed detailsâ on Samsungâs upcoming trifold phone. Itâll be called the âGalaxy Z TriFold,â according to Blass, with a 6.5-inch cover display that maxes out at 2600 nits brightness. It unfurls to produce a 10-inch display on the inside capable of reaching a peak [âŠ] Read more âș
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It's Valve time. The Bellevue-based firm is making three hardware announcements today, including a new Steam Machine mini PC that it claims is more than six times as powerful as the Steam Deck, a revised Steam Controller with more mainstream appeal, and the Steam Frame, a new standalone VR headset that marks the debut of SteamOS on ARM mobile chips. All three are due to arrive in early 2026. Read... Read more âș
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Scientists struggle with the physics of fluids. A recent Google breakthrough could support better predictions and practical advances in engineering. Read more âș
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Google says that itâs softening its plan to require every Android developer â even outside of the Play Store â to verify their identity, a move which critics warned could kill sideloading for good. The company now says itâs developing a workflow to allow âexperienced usersâ to install apps from unverified developers. Mandatory verification for [âŠ] Read more âș
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My family lives far from my kids' grandparents, but we make sure to keep in touch. We've also built a support network where we live. Read more âș
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Valve has made a trio of hardware announcements today, including a standalone VR headset with unique tech for streaming games called Frame, a revised and more mainstream Steam Controller, and even a revival of the old Steam Machine concept: a tiny gaming PC that brings your Steam game library to your living room. Read more Read more âș
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The provision, tucked into the spending bill that could end the US government shutdown, would ban intoxicating hemp-derived THC products, including gummies and drinks. Read more âș
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Short-term rental companies are trying to capitalize on the Marriott-Sonder breakup, offering discounts to affected Sonder customers. Read more âș
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The Information
Chinese companies are launching open-source AI models built to power coding assistants as cheaper alternatives to those available from OpenAI, Anthropic and Google. Late last month, Shanghai-based AI startup MiniMax launched M2, a new open-source large language model developed primarily for coding and AI agents. In a post on X, MiniMax noted that the price of M2 is just 8% of that of Anthropicâs Claude Sonnet model. (M2 costs $1.20... Read more âș
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On a quiet September morning, Alex Leithiser was out in the woods somewhere in the South on a secret mission: to break into a data center. First, he slipped through a small gap in the facilityâs barbed wire fence, and as soon as he hit the ground, he switched clothes, pulling a fresh set from a small backpack. With cameras and alarms all over the data center, Leithiser hoped to... Read more âș
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OpenAI CEO Sam Altman said he doesnât want the government to bail them out if the company fails. âIf we screw up and canât fix it, we should fail, and other companies will continue on doing good work and servicing customers,â Altman said in an X post on Thursday. Altman also said that OpenAI ... Read more âș
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Iâve been hearing a lot about how intense competition is for Series A investments lately. Investors that typically look to invest in more mature startups, say at the Series B or above rounds, are crowding into Series A rounds for fear of missing the next major winner.Like much else these days, artificial intelligence gets the credit (or blame) for this new dynamic. Venture capitalists are watching revenues triple or quadruple... Read more âș
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Apple is delaying the release of the second-generation iPhone Air to work on a redesign of the device and make it more appealing to consumers, according to two people with knowledge of the matter. The redesign could include a second camera lens, an attempt to address one of consumersâ main ... Read more âș
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Weâve finally learned the result of a controversial, long-awaited vote thatâs generated reams of punditry and put Wall Street on edge. No, Iâm not talking about the mayoral election in New York CityâIâm talking about the Tesla shareholder vote on Elon Muskâs gigantic compensation package. Musk won with over 75% of the vote, Tesla said at its annual meeting at the companyâs Gigafactory in Texas on Thursday. The package will... Read more âș
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The White House has told others in the federal government it wonât allow Nvidia to sell its latest scaled-down AI chips to China, despite President Donald Trumpâs hints over the summer that he might allow the company to do so, according to three people with knowledge of the matter. The decision is a major blow to the AI chip giant, which has seen its revenue from China shrivel this year... Read more âș
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Before Sequoia Capitalâs leader Roelof Botha announced he was stepping down from the position, partners Alfred Lin, Pat Grady and Andrew Reed came to him to talk about his time at the firm. Botha had only held the top-most job at the firm for three years, taking over from long-time leader Doug Leone just as startup valuations were convulsing from a historic series of rate hikes. Botha, after talking to... Read more âș
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Blue Owl Capital, one of Wall Streetâs biggest private lenders, is ramping up its big bet on artificial intelligence with a roughly $3 billion investment in a New Mexico data center thatâs part of OpenAIâs Stargate project, said a person with knowledge of the deal. Blue Owl, which has nearly $300 billion in assets, has emerged as a crucial investor in AI infrastructure, taking on the riskiest slices of big... Read more âș
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Two longtime vehicle manufacturing leaders at Tesla said separately on Sunday that theyâre leaving the company. One of the executives, Siddhant Awasthi, worked as program manager for Cybertruck and oversaw the production ramp of the electric truck. Awasthi, an eight year Tesla veteran, also ... Read more âș
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Most popular sources
Business Insider
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20% 5 |
Eurogamer.net
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15% 12 |
The Verge
|
9% 5 |
Tom's Hardware
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5% 2 |
Wired
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5% 2 |
| View sources » | |
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13.11.2025 06:13
Last update: 06:06 EDT.
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