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 companiesâ 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 âș
2
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 startupâs biggest outside shareholder and will take a board seat, the ... Read more âș
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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 companyâs previous estimates, underscoring the rapidly growing costs of developing ... Read more âș
0
Welcome, Weekenders! In this newsletter:âą The Big Read: The tech elite sees GLP-1s as all-purpose wonder drugsâą The Arena: Inside the NFLâs feud with venerable olâ Nielsenâą The Top 5: The AI eraâs favorite hacker housesâą Does a shoeless office stink? Depends on who you ask in Silicon Valleyâą Plus, our Recommendations: âBad Elizabeth,â âDirtbag Billionaireâ and âFolktalesâBack at the end of the financial crisis, I earned my living nosing... Read more âș
1
A few years back, Brandon Gell, chief operating officer of Every, an artificial intelligenceâfocused media startup, couldnât stop staring at a photo taken at the headquarters of another startup, Notion, a maker of productivity software. âIt was of their entryway, and it was just shoesâthis mountain of shoes,â he recalled. The pile of footwear was an inevitable daily outcome of Notionâs no-shoes policy for employees. âI was like, âHoly shit,... Read more âș
0
Which hacker house came first? No oneâs exactly sure. But whatâs 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 Partnersâ Amber Yang with a road map toward identifying some of the industryâs best young talent at... Read more âș
4
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 âș
3
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 Muskâs ambitious claims that his focus on humanoid robots and robotaxis will turn Tesla into âthe most valuable company in the world by far,â as he has often said. Itâs not crazy to imagine Tesla... Read more âș
0
The attorneys general of California, where OpenAI operates, and Delaware, where it is incorporated, sent a letter to the ChatGPT maker, reprimanding it for its alleged role in a recent murder-suicide, as well as the suicide of 16-year-old Adam Raine, whose family is currently suing OpenAI. â ... Read more âș
0
Anthropic has agreed to pay at least $1.5 billion to settle a lawsuit from a group of authors alleging copyright infringement. The deal amounts to Anthropic paying about $3,000 for each of the 500,000 books in the class action lawsuit, in one of the largest settlements over AI and intellectual ... Read more âș
1
The NFL, the worldâs richest and most powerful sports league, would like you to know something: It is not thrilled with the way Nielsen measures its TV audience. Earlier this week, the NFL took the extraordinary step of criticizing media measurement firm Nielsen, which the football giant argued is undercounting the number of viewers for its games by millions of people. While plenty of television broadcasters have groused about Nielsen... Read more âș
27
The European Commission fined Google 2.95 billion, or around $3.5 billion, for what it called anti competitive behavior in the advertising technology business and said it may mandate a sale of parts of the unit. Googleâs ad tech business brokers the sale and purchase of ads across the web. The ... Read more âș
0
Meta Platforms plans to spend âsomething like at least $600 billionâ through 2028 on data centers and other infrastructure in the U.S., Meta CEO Mark Zuckerberg said on Thursday at a dinner with President Donald Trump and other technology executives. In July, Meta estimated its capital ... Read more âș
0
Over the past year, investor Brian Sugar has developed what he considers a âsuperpower,â finding it newly possible to push himself harder than ever before at home, in the gymâand in the office. Whatâs given him this boost? He attributes it to a recently acquired prescription for semaglutide, which places him among a sizable portion of the Silicon Valley elite whoâve come to value GLP-1 drugs as more than just... Read more âș
0
Itâs not exactly news that Ozempic, Wegovy and other GLP-1 drugs are catching on, with some surveys showing nearly 12% of Americans have used the weight loss medications. The Informationâs audience seems to be even more gung-ho about taking GLP-1s than the broader population. More than 50% of the respondents to our recent survey on the topic said theyâre currently on a GLP-1 and an additional 4% said they had... Read more âș
0
Teslaâs board of directors asked investors to approve a pay package for Elon Musk that would be worth up to $1 trillion over the next decade if he meets several ambitious goals. Teslaâs board proposed granting Musk as many as 423.7 million restricted stock units, which could lift his stake to ... Read more âș
0
Joint ventures. Backstop agreements. Syndicated debt offerings. The richest tech companies and their bankers are developing increasingly complicated financial strategies to meet the soaring demands of funding artificial intelligence. The goal for companies like Google and Meta Platforms is to stay ahead in the AI race while offloading some of the costs and risks of the buildout. Meta is raising $29 billion for a joint venture to build a data... Read more âș
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OpenAI said Thursday it plans to launch an artificial-intelligence powered jobs platform to match âAI-savvy employeesâ with businesses. The ChatGPT maker says itâs working with a variety of companies, including Walmart, John Deere, Boston Consulting Group and jobs site Indeed, as well as ... Read more âș
0
Anthropic will stop selling its artificial intelligence services to customers that are majority owned by Chinese entities, the Financial Times reported. The decision is part of Anthropicâs effort to prevent China from using the U.S. companyâs AI technology to boost the countryâs military and ... Read more âș
1
OpenAI could spend $10 billion next year on the artificial intelligence chip it is co-designing with Broadcom, according to a report in The Financial Times. The report indicated that mass production of OpenAIâs chip would begin next year. During Broadcomâs earnings call on ... Read more âș
9
Most popular sources
Business Insider
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26% 11 |
Tom's Hardware
|
23% 18 |
The Verge
|
6% 12 |
Gizmodo
|
5% 1 |
Android Authority
|
5% 1 |
| View sources » | |
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30.10.2025 11:45
Last update: 11:35 EDT.
News rating updated: 17:30.
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