SpaceX and AI giants to eclipse 25 years of US tech exits
The public listings of SpaceX, OpenAI, and Anthropic are projected to generate more value than all U.S. venture-backed exits combined since 2000.
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390 storiesManna Aero shifts to US with Oklahoma manufacturing hub
Irish drone startup Manna Aero is establishing a US manufacturing hub in Oklahoma, aiming to employ about 1,000 people as it shifts focus from Ireland.
AI startups are hitting revenue milestones in ever-shorter windows
A cluster of startups, from Anthropic to Mercor, say their revenue growth is not just rising but accelerating, with each new milestone arriving faster than the last.
Kevin Weil joins Stoke Space's board after leaving OpenAI
Kevin Weil, OpenAI's former chief product officer, has joined the board of reusable-rocket startup Stoke Space as a director.
SK Hynix plans U.S. IPO to capitalize on AI memory demand
SK Hynix is planning a U.S. IPO that could raise around $28 billion, as the company rides an AI-fueled surge in memory chip demand.
Xbox faces major restructuring as Microsoft cuts 4,800 roles
Microsoft is cutting around 4,800 roles, or 2.1% of its global workforce, with the Xbox division facing significant restructuring to address a severe hardware crisis.
Uber pauses expansion in five European markets
Uber has paused expansion plans in five European markets, a move that could potentially alleviate antitrust concerns regarding its ongoing pursuit of Delivery Hero.
$TRUMP memecoin investors lose $3.8 billion
Nearly 1 million investors have lost $3.8 billion on the $TRUMP memecoin, while Donald Trump earned $636 million from the token, according to recent analysis.
Meta CEO says AI agent progress is slower than expected
Meta CEO Mark Zuckerberg told staff that AI agent development has not accelerated as expected, despite significant layoffs and a massive infrastructure investment.
IQM lists on Nasdaq as quantum sector faces commercial uncertainty
Finnish quantum computing firm IQM has gone public on the Nasdaq via a SPAC merger at a valuation of about $1.9 billion.
Sandwich chain cites AI 22 times in IPO filing
Jersey Mike's mentioned AI 22 times in its IPO filing, illustrating how non-tech companies leverage artificial intelligence buzz to attract investor attention.
Lucid Motors restructures leadership and cuts factory shifts
Lucid Motors is restructuring its leadership team and cutting factory shifts to save about $158 million annually as it attempts to align production with demand.
Tesla deliveries beat expectations in second quarter
Tesla delivered more than 480,000 vehicles in the second quarter, beating financial market expectations and signaling a potential reversal of a two-year sales decline.
Rivian raises annual delivery forecast despite market headwinds
Rivian raised its annual delivery forecast to between 65,000 and 70,000 vehicles, signaling resilience despite cooling U.S. EV demand and regulatory headwinds.
Bending Spoons defies SaaS slump with $25.7B IPO
Milan-based Bending Spoons surged nearly 40% in its market debut, reaching a $25.7 billion valuation despite broader investor fears regarding the future of traditional SaaS companies.
Bending Spoons goes public on Nasdaq at over $18 billion valuation
Italian tech firm Bending Spoons went public on the Nasdaq today, opening at an over $18 billion valuation before shares rose 40% by market close.
Lime goes public with $167 million IPO
Lime has raised $167 million in its IPO at an approximate $1.66 billion valuation, aiming to use the capital to resolve around $1 billion in liabilities.
Vinton Cerf to retire from Google after more than 20 years
Vinton Cerf, a foundational architect of the internet, is retiring from Google after more than 20 years, while warning that AI agents will necessitate new standardized protocols.
Ford rehires 350 engineers as AI quality efforts fall short
Ford is rehiring 350 veteran engineers to address quality issues after admitting that artificial intelligence and automated systems failed to deliver the desired quality level.
Micron valuation surges as AI demand drives memory shortage
Micron’s market valuation briefly surpassed Meta and Tesla as AI-driven demand for memory chips fuels a massive stock surge and long-term supply agreements.