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 Khameneiâs death, Kalshi said it couldnât pay out any ... Read more âș
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An exodus of staffers from Thinking Machines Lab this week has rattled some investors in the AI startup led by Mira Murati. The Information reported that Murati and other Thinking Machines employees were caught off guard earlier this week when two senior researchers at the startup, Luke Metz and ... Read more âș
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Sequoia Capital is set to make a significant first-time investment in the AI start-up Anthropic as part of a major funding round expected to raise $25 billion or more, The Financial Times reported. Anthropic is seeking a valuation of $350 billion as part of the effort, more than double its ... Read more âș
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Meta Platformsâ job cuts at its Reality Labs division this past week, where it let go about 10% of the unit, were the first of what could be another wave of layoffs at big tech companies this year. But that doesnât mean big tech workforces are going to shrink much, if at all. If history is any guide, future layoffs will only result in temporary reductions in the workforces of... Read more âș
24
Figure AI, the humanoid robotics startup, responded to a lawsuit from its former head of product safety Rob Gruendel and countersued Gruendel, according to court filings made public on Friday. Figure alleged in a filing that Gruendel violated trade secret law and company policy by saving company ... Read more âș
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If Elon Musk wins his breach of charitable trust lawsuit against OpenAI, the company should have to give up between $65.50 billion and $109.43 billion to Musk, lawyers for the billionaire argued in a court filing Friday. Microsoft, which Musk alleges aided and abetted OpenAIâs breach of ... Read more âș
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The timing couldnât have been more awkward for Thinking Machines Lab. On Wednesday, during an all-hands meeting at the AI startup, its CEO, Mira Murati, announced that she had fired one of Thinking Machinesâ co-founders, its Chief Technology Officer Barret Zoph, for poor performance and speaking with competitors, according to a person familiar with the matter. During the meeting, two more Thinking Machines researchers, Luke Metz and Sam Schoenholz, dropped... Read more âș
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Clickhouse, a database management startup competing with Snowflake and Databricks, said Friday it had raised $400 million in a financing led by Dragoneer Investment Group. The round values the startup at $15 billion including the new investment, a spokesperson said. Thatâs more than double the ... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Why âcracked engineersâ are hot items in Silicon Valleyâą The Top 5: The best LinkedIn ghostwriters ⹠Plus, Recommendationsâour weekly pop culture picks: âA Whole Other Country,â âThe Boys From Brazilâ and âIndustryâThanks to AI, Silicon Valley has enjoyed an absolutely wild past couple of years. Iâve written words and phrases like ârevolution,â âmaniaâ and âunconscionable amount of moneyâ into countless stories.... Read more âș
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Todayâs Silicon Valley elite have no shortage of ways to command attention. They might author a Substack, launch a podcastâor station themselves directly within the mecca of business think-fluencing: LinkedIn. As LinkedIn has evolved from its origin as a humble repository of digital rĂ©sumĂ©s, nearly a third of American adults say they use the Microsoft-owned social network, according to Pew Research from November, making it a more popular destination than... Read more âș
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Mira Murati, the chief executive of Thinking Machines Lab, told employees that the startupâs cofounder and then-CTO Barret Zoph lied about his relationship with another person leading up to his firing, according to a person with direct knowledge of the comments in a Wednesday allhands. ... Read more âș
2
Motive Technologies, a seller of AI-powered dashcams to trucking companies, is delaying the marketing of its initial public offering, which was supposed to begin on Monday, three people close to the company said. It could delay its roadshow another week, two of the people said. They didnât describe the exact reasons, but one person called it a âtechnical issueâ rather than a case of Motive pulling the offering for good.... Read more âș
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Talk about taking control of the narrative. OpenAIâs announcements today that it would start testing ads in ChatGPT, and that it would also introduce an $8 a month tier of service called ChatGPT Go in the U.S., gives the AI company something positive to talk to investors about as it tries to raise a gargantuan amount of money (up to $100 billion at a valuation of $750 billion at last... Read more âș
0
The White House and a bipartisan group of governors called on the largest U.S. electrical grid operator to hold an emergency auction for tech companies to buy power for data centers in the Mid-Atlantic region. U.S. energy officials asked PJM Interconnection to hold an auction for 15-year power ... Read more âș
0
OpenAI said Friday it will begin testing ads in ChatGPT in the coming weeks. The ads will show up for nonpaying users as well as for users of ChatGPT Go, priced at $8 per month. U.S. users will now have access to ChatGPT Go, a low-cost subscription tier first launched in India and now available ... Read more âș
2
In November, a young robotics startup called Gradient began interviewing applicants for an engineering internship at the Palo Alto, Calif.âbased company. But after talking to a half-dozen of them, the startup decided to ditch its plan to add interns. Why exactly? âNot worth our time,â said J.X. Mo, 23, Gradientâs co-founder. While some of the applicants had seemed promising, ânone of them would be cracked enough for us to hire... Read more âș
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DoorDash chief revenue officer Lee Brown is departing, just a few months after joining, Bloomberg reported on Friday. Brown had joined DoorDash last summer after nearly six years at Spotify, where he was the global head of advertising. At DoorDash, Brown dealt with business development and ... Read more âș
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Initial public offering listings rebounded last year, though their performanceâand a government shutdownâheld back some startupsâ plans. Now investors are gearing up for a blockbuster IPO year, thanks to an expected listing of SpaceX as well as a smattering of older startups, such as Discord and Strava, that are finally making concrete steps to go public. At least eight U.S. venture-backed startups have filed prospectuses, begun talking to bankers about... Read more âș
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Kuaishou Technology, which competes with ByteDance in China, on Friday announced a bond sale of $2 billion, in a move that could enable it to ramp up its AI investments. Hong Kong-listed Kuaishou is issuing $1.5 billion in U.S.-dollar denominated notes and about $500 million in offshore yuan ... Read more âș
0
Investors who own shares of Bitmine, which last year turned itself into a holding company for ether tokens, woke up to some surprising news today. Bitmine is investing $200 million in Beast Industries, the company of MrBeast, the No.1 YouTuber. Heâs known for making viral videos, not for his interest in ether. The investment is what you might call Bitmineâs latest pivot. Originally founded as a bitcoin miner, Bitmine decided... Read more âș
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What do you get when you offset investorsâ recent loathing of software startups with their lust for defense tech? Fast-growing Onebrief, the latest startup to double its valuation in a short span after raising $200 million this week from Battery Ventures and Sapphire Ventures at a $2.15 billion valuation, including the new investment.Onebrief isnât building autonomous drones, hypersonic missiles or solid rocket motors. Itâs selling collaboration software for military command... Read more âș
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14.03.2026 19:57
Last update: 19:50 EDT.
News rating updated: 01:50.
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