Venture capital
Uber will offer gig work like AI data labeling to drivers while not on the road
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an unveiling event in New York, US, on Wednesday, May 14, 2025. Yuki Iwamura | Bloomberg | Getty Images Uber plans to offer drivers and couriers in the U.S. ways to make money through the company’s app when they’re not ferrying around people or […]
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Fintech startup Upgrade valued at $7.3 billion in new funding round
Key Points Upgrade, a provider of online loans and other financial services, said it raised $165 million in its first funding round since 2021. The startup is now valued at $7.3 billion, according to CEO Renaud Laplanche. Neuberger Berman led the round, with participation from LuminArx Capital Management. Source
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Tesla demand in focus after Trump policies lead GM, Ford to retreat from EV ambitions
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty Images General Motors’ […]
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Waymo plans robotaxi launch in London, marking its European debut
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Alphabet‘s Waymo is bringing its driverless ride-hailing services to London, the first European market for its robotaxi. The company said in a release on […]
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OpenAI’s dominance is unlike anything Silicon Valley has ever seen
OpenAI DevDay Ashley Capoot | CNBC Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur. But the company at the center of the current boom is a different kind […]
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Tesla faces U.S. auto safety probe after reports FSD ran red lights, caused collisions
The tablet of the new Tesla Model 3. Matteo Della Torre | Nurphoto | Getty Images Tesla is facing a federal investigation into possible safety defects with FSD, its partially automated driving system that is also known as Full Self-Driving (Supervised). Media, vehicle owner and other incident reports to the National Highway Traffic Safety Administration […]
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Citi backs stablecoin firm BVNK as Wall Street warms to crypto
BVNK co-founders (L to R) Donald Jackson, Jesse Hemson-Struthers and Chris Harmes, at the company’s San Francisco Office. BVNK Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset […]
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Billionaire tech investor Orlando Bravo says ‘valuations in AI are at a bubble’
Thoma Bravo co-founder Orlando Bravo said that valuations for artificial intelligence companies are “at a bubble,” comparing it to the dotcom era. But one key difference in the market now, he said, is that large companies with “healthy balance sheets” are financing AI businesses. Bravo’s private equity firm boasts more than $181 billion in assets […]
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Tesla releases driver assist tech update ahead of expected major announcement
Tesla announced a new version of its full self-driving supervised technology Tuesday morning, but investors are looking for something bigger. Over the weekend, Elon Musk’s company shared a teaser clip featuring a logo-emblazoned, spinning component that could be anything from a wheel cover to a fan or turbine. The clip ended with the numbers “10/7,” […]
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Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO
Fifth Wall co-founder and CEO Brendan Wallace. Courtesy of Fifth Wall 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 public companies. Sign […]
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