Start-up
Intel partners with AI chip startup SambaNova after acquisition talks reportedly failed
SambaNova Systems Welcomes Semiconductor Industry Veteran, Lip-Bu Tan, in an Operational Role as Executive Chairman Source: Business Wire In addition to running Intel, Lip-Bu Tan is chairman of artificial intelligence chipmaker SambaNova, which he first invested in eight years ago. Now Intel is pumping money into the startup as it tries to take on industry […]
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As Wall Street punishes software stocks over AI concerns, Canva gets more acquisitive
From left, MangoAI’s Nirmal Govind, Canva Co-Founder and Chief Operating Officer Cliff Obrecht and MangoAI’s Vinith Misra. Canva Software stocks have been hammered in recent weeks as investors worry about threats from artificial intelligence. In the startup world, Canva has been among the highest fliers due to its popularity with designers, but that market is […]
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Uber acquiring parking app SpotHero as it moves beyond ride-hailing and food delivery
Uber to acquire SpotHero. Courtesy: Uber Technologies, Inc. Uber said it’s acquiring SpotHero, a company that provides a parking reservation app for crowded downtowns, sporting events and concerts. Terms weren’t disclosed, but Uber said on Monday that it plans to offer a “parking reservation experience, powered by SpotHero” within its own app to help users […]
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Google spinout Aalyria valued at $1.3 billion as investors pour into space-based communications
Aalyria CTO and founder Brian Barritt Courtesy Aalyria In 2022, Google spun out a project focused on high-speed communications networks into a startup called Aalyria. Less than four years later, Aalyria is being valued by investors at $1.3 billion in a new funding round, reflecting soaring demand for reliable, speedy telecommunications. Aalyria’s software helps networks […]
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He turned down $1.2 billion from Stripe. Now his company is worth $8 billion
In 2018, Stripe offered to buy fintech company Airwallex for $1.2 billion. They said no. Seven years later, the company is worth $8 billion and serves over 200,000 customers globally. Jack Zhang, co-founder and CEO of Airwallex, helped build one of the world’s fastest-growing fintech companies, now valued at $8 billion and generating more than […]
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Anthropic gives $20 million to group pushing for AI regulations ahead of 2026 elections
The Anthropic AI logo is displayed on a mobile phone with a visual digital background. Nurphoto | Nurphoto | Getty Images Anthropic, the artificial intelligence lab that’s taken heat from the White House for its support of regulations and safety, is putting $20 million into the political arena ahead of the 2026 elections. The company […]
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Apptronik raises $520 million to beat Chinese humanoids, Tesla Optimus to market
Apptronik has raised $520 million in funding at a $5 billion valuation as the startup aims to commercialize its humanoid Apollo robots, potentially beating Chinese competitors and Tesla’s Optimus to the market. The new funding, announced on Wednesday, brings Apptronik’s series A funding round to $935 million. B Capital, chaired by Howard Morgan, co-led the […]
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Musk’s xAI loses second co-founder in two days
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI has lost its second co-founder in two days. Influential researcher Jimmy Ba on Tuesday announced his departure in a post on X, thanking Musk and […]
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Sandberg, other Meta vets invest in AI workplace communications startup
Slashwork founders Jackson Gabbard, Dave Miller and Josh Watzman. Courtesy: Slashwork Two years after Meta announced it was shuttering its Workplace enterprise business, a band of former engineers at the social media company is launching a new corporate communication platform. Slashwork, as the startup is called, on Wednesday announced that it has raised $3.5 million […]
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Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella
Alex Dhillon, CEO and founder of Outtake Courtesy: Abiola Familusi Alex Dhillon spent almost five years at Palantir before leaving to build cybersecurity startup Outtake. Now his former boss is helping fuel his new company’s growth, alongside a roster of investors that includes Microsoft CEO Satya Nadella. Outtake, which counts OpenAI and Bill Ackman’s Pershing […]
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