On Elon Muskâs first day as the new owner of Twitter, later renamed to X, he secretly met with one possible candidate who could help him run the company: Kayvon Beykpour, according to a new biography of Musk by Walter Isaacson out this week.  Beykpour co-founded livestreaming app Periscope. Twitter acquired his company in 2015, but shut it down six years later due to fizzling usage. He was most recently... Read more âș
35
Nvidiaâs corporate development team must be exhausted. Theyâve inked roughly 20 deals this year, according to financial data firm PitchBook and The Informationâs reporting. For comparison, once-prolific VC investor Tiger Global Management has done about 30 startup deals this year.Weâve seen this movie before. In 2020, during an unprecedented fintech boom, I chronicled Stripeâs investment spree. One boom-and-bust cycle later, Stripe has taken a big step back from VC dealsâmaking... Read more âș
14
Flexportâs revenue fell nearly 70% in the first half of the year to $700 million and the company burned through cash, people familiar with the companyâs financials said. The decline shows how the SoftBank- and Andreessen Horowitz-backed logistics startupâs performance has been deteriorating rapidly amid a broader freight market collapse. The plunge underlines the cyclical nature of businesses like Flexport, and the drop was taking place as recently ousted CEO... Read more âș
0
On Wednesday morning, dozens of U.S. senators and tech executives including OpenAIâs Sam Altman, Metaâs Mark Zuckerberg and xAIâs Elon Musk filed into the Kennedy Caucus Room just north of the U.S. Capitol. The chamber has held hearings on the sinking of the Titanic, the bombing of Pearl Harbor and the Watergate scandal, but this time it was used to tackle a very different topic: artificial intelligence.The six-hour, closed-door event... Read more âș
0
Earlier this year, as some of the less die-hard crypto investors and entrepreneurs began distancing themselves from that turbulent sector, Paradigmâone of the largest venture firms specializing in cryptoâalso seemed to wobble. In May, Paradigm scrubbed any mention of crypto from the homepage of its website and Twitter bio, changing its description to a âresearch-driven technology investment firm.â That sparked an uproar among investors and founders, who accused the firm... Read more âș
36
North Carolina-based Albemarle, the worldâs most valuable lithium producer by market cap, hopes to boost its global production of the metal more than threefold by the end of the decade. But the company expects just 30% of its output to qualify for subsidies under the Inflation Reduction Act, Eric Norris, the companyâs president for lithium, said Wednesday. Thatâs because most of Albemarleâsâand the worldâsâlithium is refined in China, whose material... Read more âș
0
By far, the two biggest winners of Instacartâs long-awaited initial public offering next week will be the grocery companyâs largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtaâs profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago, the relationship between Mehta and Sequoiaâs former boss Michael Moritz... Read more âș
0
Bankers working on Arm Holdingsâ much-watched initial public offering huddled on Wednesday to spar over how to determine the most important part of the deal: At what price are they going to sell shares when the SoftBank-owned chip designer goes public tomorrow? Like a Vatican smoke signal, push alerts and headlines across the business press blared a price tag late Wednesday afternoon. The company was prepared to price its IPO... Read more âș
0
For the past year, Pinterest management has pushed to make the digital scrapbooking app a shopping destination, not just a place to browse ideas and share digital vision boards. On Wednesday, CEO Bill Ready trotted out stats to illustrate how Pinterestâs revitalized e-commerce bent was working. But unlike a year ago, its efforts will increasingly compete with new rival TikTok. At Pinterestâs advertising summit, Ready said engagement with shopping content... Read more âș
11
Venture funding to crypto startups is down significantly compared to last year, when it seemed like a new crypto unicorn was crowned every day. And the pace of fundraising by venture investors has cooled dramatically too. The first half of last year saw a string of big crypto fund launches. In March, Haun Ventures announced it raised $1.5 billion across two funds. That same month, Electric Capital said it raised... Read more âș
0
Weâve got news about an artificial intelligence startup thatâs part of the recent trend of back-to-back funding rounds.Together, a startup providing developers with compute and software to train and run open-source AI models, is in talks with venture firms to raise up to $60 million in new funding, which would be its third financing event in nine months, according to three people with direct knowledge of deal discussions who spoke... Read more âș
0
When bankers working on Armâs impending initial public offering wanted to talk to one of the executives in charge of the SoftBank-owned chip designer, they sometimes heard heavy breathing on the other end of the phone. It was the sound of Jason Child, a longtime Amazon executive who is now Armâs chief financial officer, running up a mountain near his home in Idaho. Armâs upcoming IPO is the 54-year-old Childâs... Read more âș
23
Human resources startup Deel revamped its terms of service, banning several additional types of transactions and effectively ending support for some retail trading websites whose activities have lately drawn the scrutiny of securities regulators. The four-year-old startup, best known for services that help companies hire remote workers, had become popular among websites that run contests based on simulated currency and stock trades; those firms used Deel to pay the winners... Read more âș
0
Snoop into any conversation in Silicon Valley and youâll hear talk of large-language models, wrangling developer credits from OpenAI, the IPO market and whether anyone actually was going to the Apple event (reallyâI was just at a school cocktail party of this nature).What you wonât hear is buzz about the governmentâs biggest antitrust trial in three decades, Google versus the Justice Department. Read more âș
0
Artificial intelligence can be transformative. It can offer increased efficiency, boosted innovation and serious cost savings. But to realize those benefits, CEOs need to take an active hand in making sure the company has the right in-house talent, the right vendors and the right data. Whatâs the best way to go about this? Stephanie Palazzolo, reporter for the Information, partnered with Cognizant to discuss best practices with three data and... Read more âș
2
Aspiring musical artists who wanted to get attention a decade ago could audition for shows like X Factor or Americaâs Got Talent. Then TikTok came along. Artists like the duo Flyana Boss and the rapper Ice Spice gained overnight fame as clips of their songs formed the backdrop of viral videos. Some of these TikTok-famous artists plan to attend the Video Music Awards on Tuesday night, including Saucy Santana and... Read more âș
0
Artificial intelligence developers are undoubtedly lapping up a couple of stories my colleagues published Monday about Nvidia leveraging its hardware dominance to muscle into cloud services and Databricks projecting big corporate spending on artificial intelligence services. But first, todayâs news.The trial over the U.S. Department of Justiceâs antitrust case against Google Search started this morning in Washington, promising to shed light on Googleâs secretive contracts to embed its search engine... Read more âș
41
When speaking about the company he inherited in September 2021, Jim Lanzone is remarkably blunt. âI always knew these products had seen better days,â said Lanzone, the CEO of Yahoo, over a video call in late August. âEven though they still have large audiences, they needed to be modernizedâpretty much every single one of them.â Read more âș
59
Deel, the human resources startup embroiled in a government crackdown on online trading sites, has paused providing payout services to several businesses in the category, as it conducts a review of their operations. An executive at MyFundedFX who identified himself as the firmâs chief operating officer said on Discord that for the next 24 to 48 hours, âwe are unable to process payouts through Deelâ after Deel initiated an âindustry... Read more âș
44
Apple and Qualcomm are like a couple youâre certain will eventually get divorced but, for one reason or another, they keep patching things up, postponing the inevitable. Monday brought news of the latest peace treaty between the two companies with an announcement that Apple will continue to use Qualcommâs 5G cellular modems in iPhones through 2026. There must be clothespins on a lot of noses in Cupertino, Calif., right now.... Read more âș
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02.04.2026 00:44
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