Edo Liberty, the founder and CEO of AI database startup Pinecone, announced in a LinkedIn post on Monday that he would be stepping down from his position at the company. Liberty will become Pinecone’s chief scientist, and Ash Ashutosh, a former Google executive, will become the company’s new ... Read more ›
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Of all the tech companies to reinvent themselves through the power of artificial intelligence, Oracle may be the most surprising. The software giant of yesteryear (well, the 1980s and ‘90s), which stumbled in software’s transition to the cloud, has gotten a new lease on life as an AI cloud provider. We’ll get an update on its progress on Tuesday when Oracle reports results for its quarter ending in August—the first... Read more ›
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Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its valuation from April, when investors led by Accel valued the five-year-old startup at $2 billion including the investment. Read more ›
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Fermi America, a data center site developer co-founded by former Texas governor Rick Perry, filed Monday for an initial public offering to help raise money for what the startup is calling the “world’s largest private grid campus.” Fermi, which was incorporated this year, said it has leased a ... Read more ›
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Shares of cloud provider Nebius rose more than 40% in after-hours trading Monday after the firm said it signed a multi-year deal to rent out servers with Nvidia graphics processing units to Microsoft. The deal is the latest example of a large technology firm like Microsoft spreading out the risk ... Read more ›
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Media mogul Rupert Murdoch has settled a bitter family dispute that threatened his hopes for having his eldest son Lachlan succeed him, with his three other adult children to sell their stakes of the family trust. The settlement will leave Lachlan in sole control once the elder Murdoch, who is ... Read more ›
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Databricks, an artificial intelligence and database provider, announced it has closed $1 billion in Series K funding co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, at a valuation of more than $100 billion. For the first time, Databricks also ... Read more ›
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Amazon has taken a stake in the Latin American rapid-delivery startup Rappi, Bloomberg reported. Amazon will initially invest $25 million in Rappi via a convertible note, the report said, and is entitled to buy as much as 12% of Rappi through warrants if the company meets certain milestones. ... Read more ›
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Elon Musk’s SpaceX is to buy a big chunk of wireless spectrum from beleaguered EchoStar for $17 billion in cash and stock, a move that advances Musk’s ambitions to launch a satellite-to-cell service. At the same time, The two companies struck a deal under which EchoStar’s cell service Boost ... Read more ›
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Krishan Bhatia is departing his role as vp of global video advertising and partnerships at Amazon after less than a year and a half in the job, Bhatia announced on LinkedIn Monday morning. Bhatia’s team helped build up the ad business of Amazon Prime Video, which launched last year. Advertisers ... Read more ›
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Before we get to today’s main item, please check out my colleague Sri’s exclusive piece from Friday night revealing that OpenAI expects to burn $115 billion in cash through 2029, plus tons of other financial data the company has disclosed to investors. We are still having a hard time digesting the capital that cash burn will require the company to raise in the next five years! We will bring you... Read more ›
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StubHub set the preliminary pricing for its initial public offeirng at between $22 and $25 a share, valuing the company at around $9 billion, well short of the $16 billion valuation it had hoped for last year when it was first planning an IPO. Then, StubHub was hoping to be valued in line with ... Read more ›
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Fintech startups Brex and Ramp are hurtling toward initial public offerings as soon as next year as they duke it out over customers for their corporate credit cards. In the meantime, investors are getting excited about the companies’ rapid growth rates. Their numbers are impressive, but investors need to temper their enthusiasm. Ramp just passed $1 billion in annualized revenue and was valued at $22.5 billion in its second fundraising... Read more ›
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Dutch semiconductor equipment giant ASML has invested $1.5 billion in French artificial intelligence developer Mistral, valuing it at $11.7 billion, up from a $6 billion valuation last year, Reuters reported. ASML will be the startup’s biggest outside shareholder and will take a board seat, the ... Read more ›
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OpenAI has dramatically revised its financial forecasts, projecting to burn $115 billion from this year through 2029, The Information reported. This figure is approximately $80 billion higher than the company’s previous estimates, underscoring the rapidly growing costs of developing ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: The tech elite sees GLP-1s as all-purpose wonder drugs• The Arena: Inside the NFL’s feud with venerable ol’ Nielsen• The Top 5: The AI era’s favorite hacker houses• Does a shoeless office stink? Depends on who you ask in Silicon Valley• Plus, our Recommendations: “Bad Elizabeth,” “Dirtbag Billionaire” and “Folktales”Back at the end of the financial crisis, I earned my living nosing... Read more ›
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A few years back, Brandon Gell, chief operating officer of Every, an artificial intelligence–focused media startup, couldn’t stop staring at a photo taken at the headquarters of another startup, Notion, a maker of productivity software. “It was of their entryway, and it was just shoes—this mountain of shoes,” he recalled. The pile of footwear was an inevitable daily outcome of Notion’s no-shoes policy for employees. “I was like, ‘Holy shit,... Read more ›
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Which hacker house came first? No one’s exactly sure. But what’s certainly clear is that such hostelries have become enduring Silicon Valley staples even as many other rhythms of startup life have significantly shifted. A whole new crop has bubbled up lately as AI fever has taken hold, presenting investors like Lightspeed Venture Partners’ Amber Yang with a road map toward identifying some of the industry’s best young talent at... Read more ›
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OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster. As a result, OpenAI projected its cash burn this year through 2029 will rise even higher than... Read more ›
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Elon Musk is putting his money where his mouth is. In a securities filing on Friday, Tesla disclosed a new stock award for its CEO worth as much as $1 trillion. It hinges entirely on Musk’s ambitious claims that his focus on humanoid robots and robotaxis will turn Tesla into “the most valuable company in the world by far,” as he has often said. It’s not crazy to imagine Tesla... Read more ›
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Most popular sources
Financial Times
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29% 28 |
Business Insider
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20% 11 |
Tom's Hardware
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12% 8 |
MacRumors
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7% 2 |
Android Authority
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5% 2 |
| View sources » | |
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28.10.2025 23:29
Last update: 23:15 EDT.
News rating updated: 05:20.
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