Technology
Fintech Ramp’s valuation hits $16 billion in deal led by Peter Thiel’s Founders Fund
Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel’s venture firm. The $200 million round is the fifth that Founders’ has led for Ramp and raised its valuation by $3 billion. It last raised money at […]
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Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned. The […]
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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production
A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production […]
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Reddit stock jumps after company rolls out new AI advertising tools
Thomas Fuller | Lightrocket | Getty Images Reddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools. The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an […]
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Spotify’s Daniel Ek leads $694 million investment in defense startup Helsing
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images European defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, […]
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Trump’s $499 smartphone will likely be made in China
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. Alex Wroblewski | AFP | Getty Images The Trump Organization’s newly-announced […]
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Pain management startup Sword Health expands into mental health, raises $40 million
Sword Health, a startup focused on helping people deal with pain through digital services, is expanding into mental health and has raised additional capital to fuel its growth. The 10-year-old company is introducing Mind, which uses a combination of artificial intelligence, hardware and human mental health professionals to treat patients with mild depression and anxiety. […]
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Tencent bets its China WeChat and gaming expertise will help it win cloud business in Europe
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent has spent years evolving into a gaming and social media giant in China and in the process, has built up its cloud computing capabilities. […]
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How Vantage created a new asset class for European investors to gain exposure to cloud and AI data centers
A notable bond deal earlier this month not only provided hundreds of millions of euros to Vantage Data Centers but also created a new asset class for investors across Europe and a blueprint for similar companies to follow. Denver-based Vantage raised 720 million euros ($820 million) through the continent’s first euro-denominated bond deal backed by […]
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Amazon extends Prime Day to four days, starting July 8
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. Spencer Platt | Getty Images Amazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year. The 96-hour event will start at 12:01 a.m. PT on July […]
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