Venture capital
What comes after the easy money era ends for cash-burning tech companies in Silicon Valley
Male in a suit holding burning cash and bank card. isolated on grey background. FXQuadro | iStock | Getty Images It started with word spreading through Silicon Valley last fall into winter about the term sheets for start-up funding getting pulled. Now, a less frothy Silicon Valley is the assumption in beginning to understand the […]
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The 2022 CNBC Disruptor 50 list: Meet the next generation of Silicon Valley
In the tenth annual Disruptor 50 list, CNBC highlights private companies that grew through the ups and downs of the pandemic and are poised to meet increasing economic and consumer challenges. All told, these firms have raised a half-trillion dollars in venture capital. At least 41 are unicorns, with valuations of $1 billion or more […]
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The co-founders of DeepMind and LinkedIn have raised $225 million for their A.I. lab
DeepMind co-founder Mustafa Suleyman Greylock Partners Inflection AI, the new artificial intelligence start-up from DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman, has secured $225 million in funding, according to a filing with the U.S. Securities and Exchange Commission last week. The funding, first reported by TechCrunch, has been raised at an undisclosed valuation […]
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Elon Musk wants to know how many fake accounts Twitter has, but experts say his approach is all wrong
Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued to hammer […]
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For the first time, Japan’s SoftBank could spend more on share buybacks than new investments: CLSA
During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) said the company will go into “defense” mode as a result of myriad headwinds that have roiled global markets. Tomohiro Ohsumi | Getty Images Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its […]
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Start-up investor Jason Calacanis raising millions of dollars for Musk’s Twitter deal
Jason Calacanis Adam Jeffery | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with […]
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Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned. Scott Young, who was chief commercial officer of Goldman’s Marcus consumer business, […]
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Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned. Turning […]
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Tesla production lags in Shanghai due to parts shortages, Covid restrictions
Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images Tesla reduced vehicle production […]
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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps […]
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