Start-up
Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Igor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today […]
Read More
Aaron Rodgers-backed startup aims to be the IMDb for pro athletes
Aaron Rodgers, #8 of the Pittsburgh Steelers, in action during Minicamp at UPMC Rooney Sports Complex in Pittsburgh, Pennsylvania, on June 10, 2025. Justin K. Aller | Getty Images Sport | Getty Images NFL quarterback Aaron Rodgers is backing a startup that hopes to make athletes more accessible to companies, charities and sponsors. AthleteAgent.com launched […]
Read More
How one real estate startup is taking on record heat this summer
Runwise co-founders (L-R) Jeff Carleton, Lee Hoffman and Mike Cook. Courtesy of Runwise A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large […]
Read More
OpenAI in talks with investors about share sale at $500 billion valuation
Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBC OpenAI is in talks with investors about a potential stock sale at a valuation of roughly $500 billion, according […]
Read More
Superhot geothermal energy could unearth big power boost for the AI era
Geothermal energy has been used for thousands of years, powering heating systems as early as the 14th century. It’s getting a big upgrade. Beyond geothermal, there’s superhot geothermal, which uses ultra-deep drilling to access extremely hot rocks, extracting 5 to 10 times more power per well. Quaise Energy, a Massachusetts-based startup, is in the market […]
Read More
Anthropic in talks to raise fresh capital at $170 billion valuation
Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in […]
Read More
Samsung backs South Korean AI chip startup Rebellions ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up […]
Read More
Amazon venture fund backs startup developing fix for return fraud
Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is turning to the startup world to find a potential fix for one of its thorniest logistics problems. Retailers of all sizes have in recent years […]
Read More
China’s tech talent are making big strides — they’re creating apps for the world
San Francisco-based AI design app Lovart officially launched Wednesday, with North American users in focus. Lovart BEIJING — Chinese developers are powering some of the latest artificial intelligence tools aimed at a global market. Melvin Chen moved to San Francisco from China to co-found AI design startup Lovart, which officially launched Wednesday — after claiming […]
Read More
VCs use this ‘power law’ to decide whether to invest in startups: We want ‘outsized-outcome potential’
Peter Specht, general partner at venture capital firm Creandum. Creandum As pitches from founders come flooding in, one investor has revealed how VCs use a historic “law” to identify the best investments. “The power law in venture capital basically means that a small number of investments generate the vast majority of returns. So essentially, one […]
Read More