Last Friday, the day after Figma went public with a 250% pop, former Federal Trade Commission Chair Lina Khan tweeted that Figma’s success was “a great reminder that letting startups grow into independently successful businesses, rather than be bought by existing giants, can generate enormous value.” Good point. But for every Figma, there’s a Snap, whose CEO Evan Spiegel famously turned down a $6 billion buyout offer from Facebook, the... Read more ›
21
Startups that use artificial intelligence to make videos for Hollywood studios and amateur filmmakers are getting thirsty for more capital. Runway, a startup that has cut deals with Lionsgate and AMC Networks, is in talks with investors to raise around $500 million at a valuation of at least $5 billion before the investment, or 67% higher than the six-year-old company’s last round a year ago, according to two people with... Read more ›
0
Figma CEO Dylan Field knows people are going to stare at his stock price. “You can’t tell people, ‘Don‘t look at the elephant in the room.’ There’s an elephant in the room — it’s dancing, it’s drunk,” he said in a TV interview the day the company went public last week.But the 33-year-old will have to defy some history if he’s going to get Figma back to the $69 billion... Read more ›
2
Snap’s bleak second-quarter results were a letdown after a parade of upbeat reports from Meta Platforms, YouTube and Reddit. The Snapchat owner’s revenue rose 9% to nearly $1.35 billion during the second quarter, a slowdown from the 14% to 15% growth Snap saw in recent quarters. Read more ›
3
The Federal Aviation Administration proposed a new policy that could make it much simpler for Walmart, Amazon and other companies to launch commercial drone delivery services. The agency’s new proposal outlines a set of standard requirements for drone operators to follow when seeking approval to ... Read more ›
0
Snap’s revenue growth slowed sharply to 9% in the second quarter, with advertising revenue expanding just 4%, highlighting the ad challenges facing the social media firm. Snap stock fell 14% in after-hours trading. Snap has been growing around 14-15% in the past few quarters, with ad revenue ... Read more ›
0
The U.S. Department of Justice charged two people with exporting AI chips to China in violation of U.S. export controls. Two Chinese nationals living in California, including one who was in the U.S. illegally after having overstayed her visa, sent tens of millions of dollars worth of “sensitive ... Read more ›
0
By 2030, fresh water demand is projected to outstrip the global water supply by nearly 56%, according to the World Resources Institute. At the same time, the growing development of artificial intelligence infrastructure—which depends on water for cooling systems and throughout its energy supply chain—is projected to consume 1.1 trillion to 1.7 trillion gallons of freshwater annually, roughly equivalent to the yearly water use of all households in California. And... Read more ›
0
OpenAI released two new AI models on Tuesday whose “weights,” or the settings that determine how the models respond to questions, are free and available for developers to download, otherwise known as “open-weight,” according to a blog post. This is the first time OpenAI has released an open ... Read more ›
0
A Tesla shareholder sued Tesla and CEO Elon Musk, alleging that the company committed fraud by overstating the capabilities and downplaying the dangers of its autonomous driving software and robotaxi service. The proposed class action, filed late Monday in federal court in Texas, alleges that ... Read more ›
2
In the M&A industry, bankers’ most important asset has historically been their rolodex. But the proliferation of AI chatbots appears to be changing that.When the boards of companies look to sell the business, they turn to M&A advisors to scope out suitable buyers. In the past, junior bankers assembling lists of potential buyers would have to spend hours researching and consolidating information, before checking in with senior bankers whose institutional... Read more ›
21
Former X CEO Linda Yaccarino has been named CEO of eMed Population Health, a health company that says it provides a “digital health platform for GLP-1/GIP population health management.” This refers to drugs that help treat diabetes or manage weight loss. Yaccarino is joining eMed a month after ... Read more ›
0
David Ellison’s Paramount Skydance has announced its designated board of directors once its acquisition of Paramount closes on August 7. The 10-person board will include Oracle CEO Safra A. Catz, further strengthening the ties between the new Paramount and the software giant co-founded by ... Read more ›
1
Tesla’s former chief financial officer Zach Kirkhorn has joined the board of Mytra, a robotics startup led by several other alumni of the electric carmaker, the company said Tuesday. Kirkhorn was Tesla’s CFO from 2019 until 2023. Mytra, which makes robots that move and store material in ... Read more ›
2
Earlier this year, we wrote about investors’ growing interest in startups building AI-powered voice agents for various industries, from hospitality to construction.If you want a sign of just how interested investors are, look no further than EliseAI, which is building AI for the property management and healthcare industries, including voice agents that can answer calls from residents and patients. The startup has raised a $200 million round at around a... Read more ›
14
No matter how annoyed publishers and advertisers get with Google, they just can’t seem to quit it. Some publishers complain that Google searches are directing less traffic to their sites lately. Some advertisers say Google search ads aren’t showing up next to the terms they paid for, but rather against other terms. And yet both groups say they’re continuing to spend more money on Google search ads. The reason? Publishers... Read more ›
12
The Taiwanese government has arrested three former employees of Taiwan Semiconductor Manufacturing Company for allegedly stealing proprietary technology, the prosecutors in Taiwan said on Tuesday. TSMC reported the case to prosecutors after discovering unusual activity related to employee files, ... Read more ›
0
Alibaba Group has launched a new version of its Amap navigation app in China that features an artificial intelligence agent, in the Chinese tech giant’s latest push to integrate its own AI models into all of its key businesses. The new version, Amap 2025, allows users to interact via voice with ... Read more ›
1
Reflection AI, a one-year-old startup co-founded by former Google DeepMind researchers, is in talks to raise more than $1 billion to fund its efforts to develop open-source large language models to compete with the likes of China’s DeepSeek, France’s Mistral and U.S-based Meta Platforms, according to two people with direct knowledge of the matter. The company has raised most of its target, according to one of those people. The New... Read more ›
0
Cognition, maker of artificial intelligence coding startup Devin, has offered nine months’ salary as severance to roughly 200 employees it acquired from rival Windsurf three weeks ago, according to an internal email seen by The Information. The employees have until Aug. 10 to stay on or accept ... Read more ›
0
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20% 6 |
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4% 1 |
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02.11.2025 18:46
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