Your Trusted Source for Global and Local News About Economy
Protego Ventures closes debut $125 million fund for Israeli defense tech Protego Ventures, the first and largest dedicated defense tech VC in Israel, just completed its final $125 million closing,…
Ex-Tesla team raises $12.5M to put supply chains on autopilot Atomic's agentic supply chain software is now being used by companies like DoorDash and HelloFresh. Atomic's agentic supply chain software…
Anthropic’s prospectus details losses, growth, and, yes, a warning that its AI could end humanity In its prospectus, Anthropic just told investors it's losing tens of billions of dollars a…
Peak XV ups Surge seed investment ceiling to $5M, unveils 18-startup cohort Thirteen of the 18 startups in Peak XV’s latest Surge cohort are targeting global markets, while more than…
OpenAI reportedly ditches model over safety concerns A top executive at the AI lab told the Wall Street Journal that the model in question had displayed a poor aptitude for…
Aurora CFO says 30,000 driverless trucks by 2030 isn’t as far-fetched as it sounds Self-driving truck company Aurora laid out an audacious plan for 2030. Its CFO says its targets…
Source: Inference provider Modal Labs closing in on $750M round at $15.75B valuation The new financing is expected to more than triples the AI infrastructure startup's valuation from just four…
AMD will acquire Fei-Fei Li’s World Labs for $8.2 billion The acquisition will see World Labs founder Fei-Fei Li join AMD as executive vice president and chief scientist. The acquisition…
Shopify opens checkout to browser-based AI agents Shopify is expanding WebMCP support to checkout, allowing browser-based AI agents to update order details and complete purchases with a buyer’s authorization. Shopify…
Tesla delays Roadster 2 event again due to bad weather Tesla says the event "can only be held outdoors," as it's expected to show the car flying in some form…