Venture capital
Scale AI plans to promote strategy chief Droege to CEO as founder Wang heads for Meta
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC […]
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Gecko Robotics raises $125 million in deal valuing critical infrastructure startup over $1 billion
Gecko Robotics announced on Thursday that it raised $125 million in a Series D funding round, raising the AI and robotics company’s valuation to $1.25 billion. The new round of funding means the Pittsburgh-based company has reached unicorn status, roughly twelve years after it was founded by Jake Loosararian. The company’s previous round of funding, […]
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Databricks says annualized revenue will reach $3.7 billion by next month
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Data and AI Summit in San Francisco on June 11, 2025. Jordan Novet | CNBC Databricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%. CFO Dave Conte […]
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Elon Musk’s favorability among Republicans dropped 16 points since March, Quinnipiac says
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty Images Elon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of […]
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Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
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 In the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14% […]
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Glean, gen AI enterprise search startup, raises $150 million in deal adding billions to valuation
Arvind Jain, CEO of Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022. Harry Murphy | Sportsfile | Getty Images Generative AI enterprise search startup Glean announced on Tuesday that it raised $150 million in a Series F financing, pushing up […]
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2025 CNBC Disruptor 50: See the full list of companies leading new era of AI breakthroughs and riches
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups. The top five companies on this year’s Disruptor 50 list — including a new No. 1 Disruptor from the defense tech sector — have […]
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2025 CNBC Disruptor 50: How we chose companies on this year’s list
The top five companies on the 2025 CNBC Disruptor 50 list — Anduril, OpenAI, Databricks, Anthropic and Canva — have a combined valuation of just under $500 billion. This is more than the combined total valuation of almost every past Disruptor 50 list of the last 12 years. OpenAI, the company that sparked a global […]
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Sam Altman brings his eye-scanning identity verification startup to the UK
Sam Altman’s identity verification venture World is launching its eye-scanning Orb product in the U.K. World LONDON — World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is set to launch in the U.K. this week. The venture, which uses a spherical eye-scanning device called the Orb to scan people’s eyes, will […]
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Tesla Optimus robotics vice president Milan Kovac is leaving the company
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024. CNBC | Evelyn Tesla’s vice president of Optimus robotics, Milan Kovac, said on Friday that he’s leaving the company. In a post on X, Kovac thanked Tesla CEO Elon Musk and reminisced about his tenure, […]
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