Our news
-
AI chip startup FuriosaAI reportedly turns down $800M acquisition offer from Meta
FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $810 million acquisition offer from Meta.
-
Ex-Network International execs raise $6M for Enza, an African fintech serving banks
Over the past decade, Dubai-based Network International has become one of the dominant payment processors across the Middle East and Africa, thanks in part to a pair of acquisitions. However, many large incumbents can fall prey to slower innovation, opening the door for smaller, faster-moving startups. The latest development is Enza, a fintech founded in…
-
DNA testing company 23andMe files for bankruptcy protection, CEO resigns
Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection in the U.S. to initiate the sale of its assets. Alongside the announcement, the company’s co-founder and CEO Anne Wojcicki separately said she is leaving the company to become an independent bidder for the company. “After a thorough evaluation of strategic alternatives, we have…
-
Former Cruise CEO Kyle Vogt’s new robotics startup reportedly raises another $150M
The Bot Company, the robotics startup founded by former Cruise co-founder and CEO Kyle Vogt, has raised $150 million in a round led by Greenoaks, according to Reuters, citing unnamed sources. Vogt founded the startup with Paril Jain, who led the AI tech team at Tesla, and former Cruise software engineer Luke Holoubek. Vogt did…
-
Buy now, pay later . . . for a burrito?
In 2010, a programmer who was mining bitcoin famously made the comically expensive mistake of spending 10,000 bitcoin on two pizzas. As of this writing, those coins would be worth $850 million dollars. While there are few comparisons to that kind of miscalculation, the prospect of adding interest payments to fast-food orders is raising concerns…
-
Barack Obama joins Bluesky
Social network Bluesky, an alternative to X built on open source technologies, has scored a big win in terms of attracting notable users to its platform. The company on Sunday confirmed that former president Barack Obama has joined its service. Bluesky OOO Rose Wang replied to a post where someone wondered if the account posting…
-
Browser Use, the tool making it easier for AI ‘agents’ to navigate websites, raises $17M
We may not have an agreed-upon definition of AI “agent” yet, but a multitude of startups want to create “agentic” tools to automate various tasks online. One such firm, Browser Use, has attracted a ton of interest from developers and investors thanks to its solution that makes websites more “readable” for AI agents. Browser Use…
-
Jonah Peretti helped shaped digital media — can he do it again?
Jonah Peretti’s career to date has been defined by constant reinvention. As the founder and CEO of BuzzFeed, Peretti has been at the forefront of digital media for almost two decades, navigating changes as the once small startup transformed into, at one point, a multimedia powerhouse. But as the company grows older, one question lingers:…
-
Charlie Javice trial becomes a master class in hubris for both sides
Charlie Javice’s high-profile fraud trial has become a showcase of embarrassing missteps on both sides, with eyebrow-raising details about how JPMorgan Chase was allegedly deceived into buying her startup, Frank, for $175 million when it had just 300,000 customers instead of four million. Per a new WSJ article, one pivotal moment came when former Frank…
-
Week in Review: Google buys Wiz
Welcome back to Week in Review! We’ve got tons of stories to share from this week, like the greatest hits from Nvidia GTC; the NASA astronauts finally came home; Rippling’s lawsuit; and Google bought Wiz. Let’s get to it! Google finally does it: Google made its biggest acquisition in its history this week when it…