Fireworks AI, a three-year-old startup that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise funding at a $4 billion valuation in a round led by new investor Lightspeed Venture Partners and Index Ventures, The Information reported. A ... Read more ›
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E-commerce retailer Quince is raising roughly $200 million in new funding, in a round that more than doubles the company’s valuation to $4.5 billion, Bloomberg reported. The investment firm Iconiq is leading the round, the report said. A Quince spokesperson didn’t immediately have a comment. The ... Read more ›
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Sometimes good things happen to nice guys. I’m talking about Dylan Field, one of the more grounded founder-CEOs you’re likely to meet in tech. His design software firm, Figma, looks to be sailing toward a very strong public debut in the next week. Figma on Monday raised the preliminary pricing range for its IPO to between $30 and $32 a share—from the initial range of between $25 and $28. At... Read more ›
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Fireworks AI, part of a new class of cloud providers that rents out Nvidia chip servers to developers that use artificial intelligence models, is in talks to raise capital at a $4 billion valuation including the investment, more than seven times its valuation from a year ago, according to two people familiar with the fundraise. New investors Lightspeed Venture Partners and Index Ventures are in talks to lead the round. Read more ›
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Sales of Meta Platforms’ Ray-Ban smart glasses more than tripled in the first half of the year from the same period a year earlier, Ray-Ban parent company EssilorLuxottica said in a press release on Monday. EssilorLuxottica CEO Francesco Milleri said on Monday that the company expected “a very ... Read more ›
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Citigroup tech dealmaker Phil Drury will join AI startup Poolside as the firm’s first chief investment officer after 29 years at the investment bank. Drury most recently served as the head of Global Technology, Media, Communications Banking at Citigroup and had held various positions within the ... Read more ›
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DoorDash hired longtime ad executive Lee Brown as chief revenue officer, although Brown won’t oversee DoorDash’s growing ad business. Instead, Brown will deal with business development and accounting management with restaurants and grocery stores, reporting to Chief Operating Officer Prabir ... Read more ›
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Warner Bros. Discovery has revealed the company names and leadership structures after its planned split into two separate companies next year. WBD’s current “Streaming & Studios” segment, which houses its film and TV studios and the HBO Max streaming service, will be named Warner Bros. The ... Read more ›
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Artificial intelligence has suddenly made it cheaper and easier for companies to switch to new software providers, IT executives say. Now large AI providers such as Amazon, Microsoft, Salesforce and Palantir are scrambling to win over each other’s customers, who might previously have felt they were locked into using old apps because of the difficulty of extricating vast quantities of data. To solve that problem, the tech providers are selling... Read more ›
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PayPal will allow U.S. merchants to start accepting crypto in the coming weeks, with the payment giant adding support for transactions in more than 100 cryptocurrencies and crypto wallets from companies including Coinbase and Metamask. When a shopper pays with crypto, the funds will be converted ... Read more ›
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On Friday, we reported on Tesla’s Optimus humanoid robot program, which may fall well short of Elon Musk’s ambitious goal to pump out 5,000 robots by the end of the year. It turns out the robots’ hands are among the big factors holding up production. In fact, some Optimus robots that are mostly complete have been sitting unused at a Tesla facility because they don’t have hands or lower forearms,... Read more ›
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Samsung will produce chips for Tesla through a multiyear deal worth $16.5 billion, Tesla CEO Elon Musk said on Monday. Tesla’s next-generation AI6 chip will be manufactured by Samsung in the U.S., Musk said on X. Samsung said in a Monday securities filing that it had signed a deal with an ... Read more ›
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Silicon Valley royalty are set to be the big winners from Figma’s initial public offering this week. Former Meta and Google executive Sheryl Sandberg, former LinkedIn CEO Jeff Weiner, and venture capital firms Greylock Partners and Kleiner Perkins are all turning modest investments into windfalls ranging from tens of millions to more than $1 billion. Sandberg and Weiner were among the participants in Figma’s seed round, via a roughly $1.5... Read more ›
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Alibaba Group unveiled its first artificial intelligence glasses, as Meta Platforms’ success with its Ray-Ban AI smart glasses prompts Chinese tech giants to follow suit. Alibaba announced the new product, the Quark AI glasses, at a tech conference in Shanghai over the weekend. The glasses, ... Read more ›
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Anthropic is in early talks with investors including MGX to raise around $3 billion at a $150 billion valuation, The Financial Times reported Friday. A fundraising at that price would be even steeper than the price The Information first reported investors had been considering. The talks follow ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Sports execs’ favorite pastime? Venture capital• The Top 5: The best new startup accelerators • Plus, our Recommendations: “Autocracy in America,” “I Regret Almost Everything” and “Star Trek: Strange New Worlds” LeBron James would like the internet to behave itself. Of course, it won’t. The NBA great has apparently become deeply annoyed by the proliferation of AI-generated videos depicting him as pregnant—I... Read more ›
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Need a mentor to jolt your thinking—or need to lock yourself away from the world for 20 days? A whole new generation of startup accelerators has proliferated in recent years, each one promising to turbocharge a founder’s ambitions. Many of the best are from the most prominent names in Silicon Valley, including Sequoia Capital, Andreessen Horowitz and investors Nat Friedman and Daniel Gross. But that’s not the case for all... Read more ›
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Oracle chair Larry Ellison's power in American business is about to expand. The Federal Communications Commission’s approval on Thursday of Ellison-backed Skydance’s takeover of film and TV icon Paramount Global cleared the last major hurdle standing in the way of the $8 billion deal. It’s expected to close on Aug. 7, when Larry Ellison’s son David will become CEO of a newly enlarged Paramount, owning CBS, Paramount studios, a bunch... Read more ›
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Ramp, a six-year-old corporate card and expense management startup, is in discussions with investors to raise $350 million at a valuation of about $21 billion with the investment, according to three people with direct knowledge of the fundraising, just a month after raising at a $16 billion valuation. Existing investor Iconiq is in talks to lead the round. Back-to-back financings of this scale have become more common for in-demand AI... Read more ›
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Meta Platforms has named Shengjia Zhao as the chief scientist of Meta Superintelligence Labs, its new artificial intelligence organization, CEO Mark Zuckerberg said in a post on Threads on Friday. “Shengjia will set the research agenda and scientific direction for our new lab working directly ... Read more ›
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Most popular sources
Business Insider
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43% 23 |
Wired
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19% 17 |
Gizmodo
|
8% 2 |
MacRumors
|
7% 6 |
Vox
|
5% 3 |
| View sources » | |
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05.11.2025 07:58
Last update: 07:51 EDT.
News rating updated: 14:51.
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