Friday, October 16, 2026
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Khosla Ventures founder Vinod Khosla and partner Ethan Choi publicly disavowed partner Keith Rabois’ comments regarding an ICE shooting, raising questions about potential cap table fallout.
Milan-based Bending Spoons, now valued at $11 billion, is aggressively acquiring tech firms like Vimeo, where it recently initiated sweeping layoffs amid reports of a potential IPO.
Apple shipped about 14 million iPhones in India in 2025, capturing a record 9% market share even as the broader smartphone market remained largely flat.
OpenAI CEO Sam Altman is planning a mid-February visit to India, where the company is planning to host closed-door meetings alongside the India AI Impact Summit 2026.
Anduril is expanding its Southern California footprint with a new 1.18 million square foot campus in Long Beach, which is expected to eventually support about 5,500 jobs.
OpenAI has appointed Barret Zoph to lead enterprise sales as it attempts to reverse a decline in market share against competitors like Anthropic and Google.
Vimeo is laying off a large portion of its global staff following its $1.38 billion acquisition by Italian tech conglomerate Bending Spoons.
General Motors is shifting vehicle production from China and Mexico to a U.S. factory in Kansas, citing new tariff policies and the end of federal EV tax credits.
General Fusion will go public via a SPAC merger valuing the company at about $1 billion, aiming to secure up to $335 million to reach scientific breakeven by 2028.
Under Armour is investigating a potential data breach after a ransomware group claimed responsibility, though the company disputes the scale of sensitive information compromised.
PhonePe has updated its IPO prospectus, with Tiger Global and Microsoft planning full exits while Walmart retains its majority stake in the Indian payments company.
Deepinder Goyal is stepping down as CEO of Eternal, handing the role to Blinkit chief Albinder Dhindsa as the company pivots toward its quick-commerce division.
Amagi Media Labs raised about $196 million in an Indian IPO, with shares sliding in their debut as the company pushes to move broadcasters to the cloud.
Ethos Technologies has priced its IPO, with an expected debut on January 29 that could value the profitable insurance technology company at up to $1.26 billion.
Meta is reportedly laying off roughly 1,500 Reality Labs employees and closing VR studios as the company pivots its focus toward AI and away from the metaverse.
News Corp is set to integrate Symbolic.ai’s platform into its Dow Jones Newswires hub, aiming to move beyond experimental AI usage toward practical editorial workflows.
Thinking Machines Lab is losing three co-founders to OpenAI, a significant leadership shift for the $12 billion startup less than a year after its founding.
Liftoff Mobile has filed its first S-1 document for an IPO, with Blackstone set to remain the majority shareholder following the offering.
Meta is reportedly laying off 10% of its Reality Labs division, impacting over 1,000 employees as the company pivots resources toward AI development.
ElevenLabs reached $330 million in annual recurring revenue last year, driven by rapid adoption of its voice agent technology among startups and Fortune 500 enterprises.