Venture capital
Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems, according to records posted to the website of the U.S. National Highway Traffic Safety […]
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Elon Musk has a problem with X’s Community Notes when he disapproves of the results
Elon Musk, CEO of Tesla and SpaceX and owner of social media platform X, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025. Andrew Harnik | Getty Images For X owner Elon Musk, the solution to monitoring misinformation online has been […]
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AI health-care startup OpenEvidence raises funding from Sequoia at $1 billion valuation
Medical technology, AI technology is utilized by doctors for diagnosing increasing the accuracy of patient treatments. Medical research and development innovation technology to improve patient health. Pcess609 | Istock | Getty Images AI startup OpenEvidence is raising a fresh round of capital from Sequoia to scale its chatbot for doctors. The new $75 million cash […]
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Google joins $350 million funding round for humanoid robotics company Apptronik
Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots. The funding round was co-led by B Capital and Capital Factory, and included backing from Google, CEO Jeff Cardenas said in an exclusive Squawk Box interview Thursday. Apptronik, a Texas-based robotics […]
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Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]
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Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Tesla and SpaceX CEO Elon Musk joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Tesla shares dropped 6% on Tuesday after Chinese rival BYD announced plans to develop autonomous vehicle technology with DeepSeek, […]
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Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger
Jyoti Bansal, co-founder and CEO of startup Harness. Harness Jyoti Bansal knows about weird acquisitions. Eight years ago, his software company, AppDynamics, was on the doorstep of a blockbuster IPO. A day before the offering, Cisco swooped in and bought the company for $2.7 billion Now Bansal is at the center of an equally unconventional […]
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Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. […]
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‘Chilling effect’: Here’s what an Indonesian startup scandal means for the region struggling with fundraising
EFishery “was supposed to be reflective of what the local ecosystem could do, what Indonesian founders could do. This was supposed to be one of the better companies from Southeast Asia. This was supposed to be a winner,” Justin Hall, partner at Golden Gate Ventures, told CNBC. Dimas Ardian | Bloomberg | Getty Images Southeast […]
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HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump
Key Points Human resources software startup Deel has hit an annual revenue run rate of $800 million, the company told CNBC. Deel also added two major new shareholders to its capitalization table, General Catalyst and Abu Dhabi sovereign wealth fund Mubadala, as part of a $300 million secondary share sale. “We are getting ready to […]
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