Venture capital
Figma prices IPO at $33, above expected range
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. […]
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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 […]
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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 […]
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Waymo plans to bring its robotaxi service to Dallas in 2026
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Alphabet’s Waymo unit plans on bringing its robotaxi service to Dallas next year, adding to a growing list of prospective U.S. markets for 2026, including Miami and Washington, D.C. Rental car company Avis […]
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Tesla investors are growing wary of Elon Musk’s futuristic promises
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images At Tesla, vehicle sales are slumping, profits are thinning and revenue from regulatory credit sales are poised to dry up due to Republican-led […]
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Tesla plans ‘friends and family’ car service in California, regulator says
A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. Tim Goessman | Bloomberg | Getty Images In an earnings call this week, Tesla CEO Elon Musk teased an expansion of his company’s fledgling robotaxi service to the San Francisco Bay Area and other […]
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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 […]
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Estonia’s tech elite are getting behind a European challenger to Robinhood
Key Points European investing app Lightyear is set to announce that it’s raised $23 million in a funding round led by NordicNinja. A host of Estonia’s top tech entrepreneurs — including ride-hailing unicorn Bolt’s CEO Markus Villig — also invested in the company. Lightyear also debuted several AI features, including one that lets users see […]
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Tesla set to report second-quarter earnings after the bell
Elon Musk, chief executive officer of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris, June 16, 2023. Gonzalo Fuentes | Reuters Tesla will report second-quarter results after the close of regular trading on Wednesday. Here’s what Wall Street expects, according to an average of estimates compiled […]
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AI startups raised $104 billion in first half of year, but exits tell a different story
In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations. But when […]
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