Klarnaâs two-decade journey to a public listing means a lucrative return for its biggest backerâSequoia Capital. The Silicon Valley firm stands to make about $2.65 billion on paper from its investment in the buy now, pay later lender, which endured boardroom drama and tumbling valuations on its way to a public listing. Sequoia owns 21% of Klarnaâs voting shares worth $3.15 billion based on Klarnaâs IPO price of $40, which... Read more âș
5
The biggest news today wasnât Appleâs new line of iPhonesâthat was about as much of a secret as the time of tomorrowâs sunrise (for more details of the Apple presentation, see below)âbut Oracleâs blockbuster revenue projections. The software-and-cloud firm is enjoying what you might call its Nvidia moment. It is finally showing the benefits of signing AI firms like OpenAI to use its cloud services. Its new revenue forecasts sent... Read more âș
1
Klarna is planning to price its initial public offer above its planned range of $35 to $37, according to a person familiar with the matter. At the top of the range, Klarna would have a market value of $14 billion, not including unvested employee shares. The plans have not been previously ... Read more âș
24
Figure Technology, the blockchain-based lender co-founded by former SoFi CEO Mike Cagney, has increased the size of its initial public offering to as much as $693 million, a sign of strong investor demand for the shares. Founded in 2018, Figure makes home loans on its blockchain and runs a ... Read more âș
3
Oracle stock leapt 20% in after-hours trading after the software-and-cloud firm projected that new cloud contracts it signed in the first quarter would lift revenue from that business sharply in the next few years, transforming Oracleâs financial performance. Oracle said revenue from cloud â ... Read more âș
7
Apple is slimming down. At the companyâs annual September hardware event, Apple announced its thinnest iPhone ever at 5.6 millimetersâtwo millimeters slimmer than its regular phones. It also introduced three other iPhone models with proportions similar to its existing family of smartphones ... Read more âș
0
Microsoft is planning to use models from OpenAIâs chief rival, Anthropic, to power AI features in its Office 365 software, after previously relying on OpenAIâs models for the AI features. The move reflects how Microsoft is partially shifting to other providers for AI features in the software, ... Read more âș
0
Last week, I reported on how OpenAI updated its financial forecasts for investors. The company expects to spend nearly $115 billion between 2025 and 2029. Thatâs $80 billion more than it forecast in the first quarter. As the chart shows, the startupârecently valued at $500 billion in a sale of employee sharesâhas been able to handily raise more money as those costs have risen. The tens of billions more needed... Read more âș
0
Nvidia on Tuesday unveiled a new graphics processing unit designed to power existing artificial intelligence, known as inference workloads. The move signals that Nvidia believes data centers of the future need a specific chip for running AI-powered applications like ChatGPT rather than its ... Read more âș
0
Microsoft is taking its biggest step to lessen reliance on OpenAIâs artificial intelligence by embracing the startupâs bitter rival Anthropic to power its most important software business. Microsoft will pay to use Anthropicâs technology for some AI features in Office 365 apps, according to two people involved in the effort. The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for... Read more âș
107
CoreWeave is starting a venture fund to invest in artificial-intelligence startups, including through what it calls compute-for-equity models. The venture fund will invest in startups building AI models and applications, CoreWeave said Tuesday. The company said it could make traditional venture ... Read more âș
0
Across American businesses, use of artificial intelligence has fallen in recent months, according to the Census Bureauâs biweekly survey of thousands of companies.The drop is especially pronounced at the largest companies surveyed: AI for âproducing goods and servicesâ peaked in June for those with 250 employees, with roughly 15% of surveyed firms reporting having used the technology at the time. That percentage fell to around 11% by the end of... Read more âș
0
Snap CEO Evan Spiegel says Snap is in a âcrucible moment,â squeezed âbetween the tech giants and smaller competitors,â and he vowed to sharpen the companyâs focus. He announced plans to shake up the company by creating a series of âworking groupsâ to deal with key issues, including to improve ... Read more âș
0
Iâve written lots over the past few months about how startups and big tech companies alike are trying to tackle the problem of agentic commerceâthe fancy term for âagentâ services that take action on behalf of consumers, in this case, buying stuff. While AI search is a powerful tool to help shoppers hone in on the perfect gift or find a hotel that meets all the requirements for an ideal... Read more âș
0
When Andreessen Horowitz raised a record-setting $4.5 billion crypto fund in May 2022, it seemed to have timed the marketâin all the wrong ways. Bitcoin prices had fallen 55% from their peak, while Coinbase shares had dropped about 80%. Both would stay depressed for more than another year. But the Sand Hill Road firmâs crypto bets are starting to pay off, at least on paper. By some measures, they have... Read more âș
2
Oracle executives are discussing eliminating cash raises and cash bonuses for employees this year, The Information reported on Monday. The firm might offer employees additional stock grants to make up for the lack of additional cash compensation. The potential change is the latest example of how ... Read more âș
0
Edo Liberty, the founder and CEO of AI database startup Pinecone, announced in a LinkedIn post on Monday that he would be stepping down from his position at the company. Liberty will become Pineconeâs chief scientist, and Ash Ashutosh, a former Google executive, will become the companyâs new ... Read more âș
0
Of all the tech companies to reinvent themselves through the power of artificial intelligence, Oracle may be the most surprising. The software giant of yesteryear (well, the 1980s and â90s), which stumbled in softwareâs transition to the cloud, has gotten a new lease on life as an AI cloud provider. Weâll get an update on its progress on Tuesday when Oracle reports results for its quarter ending in Augustâthe first... Read more âș
0
Supabase, a database startup that has benefited from the rise of artificial intelligence-powered coding assistants, is in talks with investors about offers that could raise its valuation to at least $5 billion, according to two people with direct knowledge of the discussions. The investment, if finalized, would more than double its valuation from April, when investors led by Accel valued the five-year-old startup at $2 billion including the investment. Read more âș
0
Fermi America, a data center site developer co-founded by former Texas governor Rick Perry, filed Monday for an initial public offering to help raise money for what the startup is calling the âworldâs largest private grid campus.â Fermi, which was incorporated this year, said it has leased a ... Read more âș
0
Most popular sources
Business Insider
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35% 15 |
Android Authority
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10% 6 |
Tom's Hardware
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7% 17 |
Wired
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6% 3 |
The Verge
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5% 2 |
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19.12.2025 20:40
Last update: 20:35 EDT.
News rating updated: 03:32.
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