Via shrugs off tepid open to end first day of trading slightly above IPO price
Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at the
OpenAI secures Microsoft’s blessing to transition its for-profit arm
OpenAI announced Thursday it reached a nonbinding agreement with Microsoft, its largest investor, on a revised partnership that would allow the startup to convert its
Perplexity reportedly raised $200M at $20B valuation
Perplexity, the AI-powered search startup that competes with Google by providing conversational answers to user queries, has secured $200 million in new capital at a
Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate
Mercor, a startup that connects companies like OpenAI and Meta with domain experts needed to train and refine their foundational AI models, is in discussions
ReOrbit lands record funding to take on Musk’s Starlink from Europe
ReOrbit, a Finnish startup focused on helping nations control their own sovereign satellites, has raised a record €45 million (about US $53 million) Series A
Microsoft says Azure affected after cables cut in the Red Sea
Microsoft said Saturday that clients of its Azure cloud platform might experience increased latency after multiple undersea cables were cut in the Red Sea, as
EU fines Google $3.5B over adtech ‘abuse’
The European Commission announced this week that it’s fining Google €2.95 billion (just under $3.5 billion). The commission found that Google had violated European Union
Screw the money — Anthropic’s $1.5B copyright settlement sucks for writers
Around half a million writers will be eligible for a payday of at least $3,000, thanks to a historic $1.5 billion settlement in a class
Rivian makes its second small workforce cut of the year ahead of R2 SUV launch
Rivian is laying off around 150 workers — its second small staff cut in a matter of months — as the company readies itself for
Scale AI is suing a former employee and rival Mercor, alleging they tried to steal its biggest customers
Scale AI, which helps tech companies prepare data to train their AI models, filed a lawsuit against one of its former sales employees and its