Current and former OpenAI employees plan to sell around $6 billion worth of shares at a $500 billion valuation, Bloomberg reported. Thrive Capital, SoftBank Group Corp, and Dragoneer Investment Group are among the investment firms expected to buy the shares. The secondary sale, which is ... Read more ›
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Vercel, a nine-year-old San Francisco cloud startup, has received unsolicited offers from investors to put hundreds of millions of dollars into the company at a valuation between $8 billion and $9 billion, according to a person with direct knowledge. The new funding would nearly triple Vercel’s ... Read more ›
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Carrie Wheeler isn’t one of tech’s big names, but she may go down in history as the latest victim of an online mob. The CEO of home-buying firm Opendoor stepped down Friday after weeks of relentless attacks on her on X, including from investor Eric Jackson and venture capitalist Keith Rabois, a co-founder and onetime executive chair of Opendoor. Whoever succeeds Wheeler had better wear a bulletproof vest.Opendoor occupied a... Read more ›
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Meta Platforms is planning the fourth restructuring of its artificial intelligence efforts in six months, according to three people familiar with the matter. Meta’s new AI organization, Meta Superintelligence Labs, is expected to be divided into four groups: a new lab that has been going by TBD Lab, short for to be determined; a team focused on products that include the Meta AI assistant; a team focused on infrastructure; and... Read more ›
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Lyft, the no.2 ridehailing firm, on Friday dissolved its dual-class shareholding structure, eliminating a class of stock that had 20 votes each, so that all shareholders will now have one vote per share. Lyft’s move, disclosed in a securities filing, came the day after Lyft’s two cofounders and ... Read more ›
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The CEO of home-buying service Opendoor Technologies, Carrie Wheeler, said she was stepping down effective immediately. The company said Shrisha Radhakrishna, who is Chief Technology & Product Officer, would succeed Wheeler on an interim basis while the board looks for a new CEO. Wheeler’s ... Read more ›
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Japanese mobile payment app PayPay has confidentially filed for a U.S. listing, a move that could help fund owner Softbank’s AI ambition, the company announced Friday. Founded in 2018, PayPay is the largest mobile payment app in Japan with more than 70 million users. It also issues credit cards ... Read more ›
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The Federal Reserve said Friday it will end its program that scrutinized fintech and crypto activities by banks, months after it stopped requiring banks to obtain advanced permission before engaging in crypto businesses. The Fed said it has strengthened its understanding of these activities and ... Read more ›
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In the fast-paced AI wars, time is precious. So when Google last month said it would pay Windsurf $2.4 billion to license the prominent AI startup’s technology and hire some of its employees, the search giant hurried to add Windsurf’s researchers and engineers to its ranks. Within a day, Google had onboarded most of the Windsurf staff it had hired—but not all of them. Some of them were left in... Read more ›
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When artificial intelligence researcher Igor Babuschkin announced his departure from Elon Musk’s xAI this week, he became the second founding member of the team to quit this year. And like Christian Szegedy, another co-founder who left in May, Babuschkin had originally come from Google. Despite the pair’s departure, xAI still relies heavily on talent from Google. xAI has hired at least 40 former Google employees since Musk formed the company... Read more ›
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Earlier this week, I published a look at the blitz of fundraising deals for artificial intelligence startups, often triggered by unsolicited term sheets. A few days later, my colleagues Sri, Erin and I reported on Perplexity’s talks to raise more money at a valuation of more than $20 billion, which, if it closes, would be its third fundraising in about three months.Unbelievable as it may be, some venture capitalists are... Read more ›
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Before its unsolicited offer to buy Google’s Chrome for $34.5 billion on Tuesday, Perplexity had been quietly exploring acquisitions of smaller browser startups, The Information reported. Earlier this summer, the AI search company offered about $1 billion to buy Brave, a privacy-focused web ... Read more ›
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We’re in a new era of government intervention in corporate America. The latest example is Bloomberg’s report on Thursday that the Trump administration was in talks to “take a stake” in Intel. Just on Monday, President Donald Trump said he and Nvidia CEO Jensen Huang had agreed that Nvidia would pay the government 15% of whatever revenues it generates from the sale of AI chips to China, in exchange for... Read more ›
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Vercel, a nine-year-old cloud startup that companies use to host and develop websites and artificial intelligence apps, has been approached by investors offering to invest hundreds of millions of dollars at a valuation between $8 billion to $9 billion, according to a person with direct knowledge of the discussions. The new funding could nearly triple Vercel’s private valuation from a financing in May last year and follows a recent growth... Read more ›
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A bitcoin mining firm said Thursday that Google would help finance its move to lease data center servers for artificial intelligence development. The announcement didn’t disclose whether Google will rent the servers but it is one of the biggest AI developers and cloud providers, ... Read more ›
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Kajabi, a 15-year-old software service best known for selling online courses, supercharged sales a few years ago when—armed with a big check from Tiger Global Management—it started heavily marketing itself to creators, who pay a monthly fee to host courses and sell other digital goods, such as newsletters, podcasts, coaching and memberships.The startup’s CEO Ahad Khan says the company has been finding success with creators focused on narrow topics, such... Read more ›
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Oracle and Google have expanded the cloud agreement they announced last year to let the database giant’s cloud customers rent access to Gemini models. It’s the latest sign of growing ties between the longtime tech rivals and further evidence that hosting top AI models is becoming table stakes ... Read more ›
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Intel is in talks with the Trump administration for the US government to potentially take a stake in the troubled chipmaker, Bloomberg reported Thursday. The potential deal would have the government pay for a stake to help fund Intel’s planned factories in Ohio, according to the report. The ... Read more ›
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Shares of the Trade Desk closed down 7% on Thursday after The Information reported that Walmart had renegotiated its deal with the advertising tech firm in what could be a first step to the retailer backing away from the company. Walmart reached a new deal last year with the Trade Desk, which ... Read more ›
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Instagram’s co-head of product, Ashley Alexander, is leaving Meta Platforms, according to a person with direct knowledge of the matter. She joined Facebook in 2013, according to her profile on LinkedIn. Alexander has worked across the photo- and video-sharing app, including on search, commerce, ... Read more ›
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16.05.2026 20:47
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