Start-up
Silicon Valley’s new defense tech ‘neoprimes’ are pulling billions in funding to challenge legacy giants
Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop […]
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Startup founders share how they bounced back from failure: ‘I lost a lot of my identity’
Over two-thirds of startup founders have a fear of failure, per the Founder Resilience Research Report, 2024. Skynesher | E+ | Getty Images Startup founders face immense pressure to succeed, but it can be even more challenging to let go of a failed business and find success after. Building a startup has always been risky. […]
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British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round
A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France. Chesnot | Getty Images British artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe. Nscale, which is based in London, said Thursday […]
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Early Revolut backer invests in AI-focused finance software startup Light
Key Points Light, a Danish financial software startup, told CNBC it has raised $30 million in a Series A funding round led by Balderton Capital. Founded in 2022, Light’s software uses artificial intelligence to automate businesses’ accounting, bookkeeping and financial reporting. The startup recently opened an office in London and is planning to open one […]
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Microsoft adds Anthropic AI model to Copilot assistant, diversifying from OpenAI
Microsoft is the lead investor in OpenAI and has long been the artificial intelligence startup’s key cloud partner. But in the latest sign that AI relationships are getting complicated, Microsoft is beginning to use more technology from OpenAI rival Anthropic. The software giant said Wednesday that it’s starting to draw on an AI model from […]
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Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources
Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company […]
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Notion rides AI boom to $500 million in annual revenue, but Microsoft competition looms
From left, Notion founders Akshay Kothari, Ivan Zhao and Simon Last. Notion OpenAI’s public launch of ChatGPT in November 2022 is widely viewed as the event that kicked off the generative AI boom, which remains the dominant theme in the tech industry almost three years later. Notion jumped on the bandwagon early. Two weeks before […]
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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover
Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its […]
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Ten years after selling Periscope to Twitter, startup’s co-founder raises $40 million for Macroscope
Macroscope employees. Macroscope It’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming. Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces. Meanwhile, Beykpour, […]
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Inside billionaire Lucy Guo’s intense daily routine: 5:30 a.m. wake-ups, double gym sessions, and no lunch breaks
Lucy Guo, founder and CEO of Passes. Passes Lucy Guo might be a billionaire, but instead of a life of luxury and comfort, she swears by a relentless work ethic and strict daily routine. At just 30 years old, the California-born-and-raised entrepreneur has achieved what many will spend their lifetimes chasing. In April, Guo’s net […]
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