Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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As Amazon weighs an equity investment of tens of billions of dollars in OpenAI, the companies are also discussing a commercial agreement that could require OpenAI to dedicate its own researchers and engineers to developing customized models for powering Amazon’s own AI products, according to a person involved in the talks and another person who was briefed about it. Amazon could use customized versions of OpenAI’s models to bolster Amazon... Read more ›
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Nvidia’s application to sell the H200 chips to China is still awaiting final approval by the U.S. government, nearly two months after President Donald Trump approved the sale, the Financial Times reported, citing people familiar with the discussions. The stall highlights how Nvidia is ... Read more ›
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Two partners at Sequoia Capital have left or plan to leave the blue-chip venture firm, according to a person familiar with the decisions. The plans, which haven’t previously been reported, add to recent exits at the firm and come during a period when more venture capitalists are attempting new ... Read more ›
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On Monday, our reporter Jemima McEvoy broke the news that venture capitalist Masha Bucher had deep ties with convicted sex offender Jeffrey Epstein. Their correspondence, released in a dump of more than 3 million pages from the Justice Department Friday, showed Bucher—née Drokova, the name she was using at the time—working as a publicist for Epstein, setting flirty texts and getting advice for her early-stage fund, Day One Ventures. The... Read more ›
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It’s CEO replacement time. Both Walt Disney Co. and PayPal named new chief executives on Tuesday, with each appointment symbolizing major business shifts. Disney named parks chief Josh D’Amaro to succeed longtime CEO Bob Iger, who turns 75 next week (D’Amaro is Iger’s second successor, after the first one flopped so badly Iger had to return to save the day.) Disney’s announcement was long expected. PayPal, in contrast, made a... Read more ›
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The Department of Justice and plaintiff states on Tuesday appealed a judge’s ruling on how Google’s search businesses should change in the wake of an earlier finding that it was an illegal monopoly. Their appeal came two weeks after Google also appealed the ruling. The remedies decision last ... Read more ›
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Shares of enterprise software stocks tumbled Tuesday as worries over new AI tools replacing traditional enterprise software subscriptions deepened following Anthropic’s release of its latest tool to automate legal tasks. Shares of Snowflake, Atlassian, MongoDB, Elastic and Hubspot fell more than ... Read more ›
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Businesses such as Microsoft are increasingly nudging their employees to utilize AI to get more done. Others are forcing the issue.One of the biggest firms to take the more aggressive path is Meta Platforms, which at the end of December had 78,865 employees. Read more ›
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PayPal named Enrique Lores as its next CEO on Tuesday, saying the company had fallen short of expectations on efforts to jumpstart growth. Lores, who has been the CEO of HP for six years, will replace Alex Chriss, a former Intuit executive who joined PayPal in mid-2023. PayPal shares fell more ... Read more ›
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The Paris office of Elon Musk’s X was raided by French police on Tuesday, as prosecutors summoned Musk and former CEO Linda Yaccarino for questioning as part of a broadening investigation into the social media service, according to a statement from the Paris prosecutor. The prosecutor’s office ... Read more ›
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Investors usually fund startups based on metrics involving revenue, profits or product usage. But investors backing newer AI research startups that are taking on Anthropic and OpenAI have to rely on other measures of success, such as incremental research breakthroughs or recent talent hirings. One example is AI math startup Axiom, which is raising more than $100 million in new funding led by Menlo Ventures, a major Anthropic backer, at... Read more ›
0
Walt Disney Co. named its theme parks chief, Josh D’Amaro, to succeed Bob Iger as CEO on March 18, ending a years-long search. The selection immediately raises the question of whether D’Amaro will be more successful than Iger’s previous successor—another parks veteran, Bob Chapek—in taking the ... Read more ›
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When Stripe acquired crypto startup Bridge last year, it described stablecoins as financial services “superconductors.” Thanks to Bridge, Stripe has since integrated stablecoins into an array of products, such as stablecoin cards that allow customers to spend crypto anywhere. Using stablecoins for payments turns out to be harder than it looks. After Stripe launched one of its new Bridge cards in partnership with another crypto firm in January, scammers instantly... Read more ›
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Elon Musk rammed through the combination of his space company, SpaceX, with his AI startup, xAI, on Monday, merging the shiniest jewel in his business empire with his most money-losing firm. The deal—which valued xAI at $250 billion and SpaceX at $1 trillion, according to people familiar with the situation—comes as xAI battles to catch up to rivals such as OpenAI, Google and Anthropic. The deal shows how quickly the... Read more ›
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Self-driving ridesharing service Waymo said Monday it has raised $16 billion at a $126 billion valuation. The valuation includes the size of the investment, according to an investor in the round. Dragoneer Investment Group, DST Global and Sequoia Capital led the round, it said. Waymo said that ... Read more ›
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Talk about pie in the sky. On Monday, Elon Musk announced that his SpaceX had acquired his cash-eating xAI, at a price we reported to be $250 billion. SpaceX was already planning to go public, but now xAI will be able to get some of the cash the newly enlarged company will raise. Of course, that’s not how Musk explained the combination. Instead, he framed the merger as a way... Read more ›
2
Elon Musk said in a press release posted to SpaceX’s website Monday that the space company had acquired xAI. Musk did not provide details of the purchase price or how the deal could affect SpaceX’s potential IPO this year. “SpaceX has acquired xAI to form the most ambitious, ... Read more ›
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SpaceX chief financial officer Bret Johnsen was scheduled to hold a call with investors at 5 pm EST on Monday to discuss the company’s acquisition of xAI, according to a person with direct knowledge. The call comes as some SpaceX investors are concerned about having their shares of the rocket ... Read more ›
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Snowflake has inked a $200 million, multi-year agreement with OpenAI, under which it will incorporate the startup’s AI models in its own application-building service and equip its employees with OpenAI’s business version of ChatGPT. The agreement with Snowflake, which sells a cloud database ... Read more ›
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There are plenty of tech luminaries whose correspondence with Jeffrey Epstein has turned up in the files of the disgraced financier. But few of those exchanges are quite like those that Epstein had with Masha Bucher, who is now a well-known venture capitalist. On June 25, 2019, 11 days before Epstein was arrested and charged with sex trafficking of minors, he asked Bucher—who was then acting as a publicist for... Read more ›
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14.03.2026 12:22
Last update: 12:15 EDT.
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