Oura announced Tuesday that it has secured over $900 million in a Series E funding round, pushing the Finnish wearable tech company’s valuation to an impressive $11 billion. The round was led by Fidelity Management & Research Company, with new investor ICONIQ joining alongside existing backers Whale Rock and Atreides. “With this funding, we’re accelerating […]
The U.S. stock market suffered its steepest drop in six months on Friday, with the S&P 500 sliding nearly 3% after former President Donald Trump threatened major new tariffs on Chinese goods over Beijing’s grip on the global rare earths market. China recently expanded its export controls on rare-earth elements, adding tungsten, tellurium, bismuth, indium, […]
In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]
Campus, the fast-growing college startup backed by Sam Altman and NBA legend Shaquille O’Neal, has appointed Jerome Pesenti, Meta’s former Vice President of Artificial Intelligence, as its new Chief Technology Officer. As part of the deal, Campus will acquire Sizzle AI, Pesenti’s personalized learning platform, for an undisclosed amount. Sizzle AI already serves more than […]
Citigroup is preparing to roll out its long-awaited crypto custody service by 2026, marking another step in Wall Street’s expanding embrace of digital assets. According to Biswarup Chatterjee, Citi’s global head of partnerships and innovation, the bank has been working on the custody solution for over two years and is now moving closer to market […]
Govini, a defense technology software startup competing with Palantir, has surpassed $100 million in annual recurring revenue (ARR), marking a major milestone in its rapid growth. “We’ve been scaling at a compound annual growth rate above 100% over the past three years, and we expect to continue on that trajectory,” said CEO Tara Murphy Dougherty. […]
California Governor Gavin Newsom has signed a sweeping set of bills into law, making the state the first in the U.S. to enforce strict safeguards on AI chatbots and social media platforms in a bid to protect children online. “We can continue to lead in AI and technology, but we must do it responsibly — […]
The U.S. Department of Justice has announced the seizure of $15 billion in bitcoin, marking the largest cryptocurrency forfeiture in its history. Prosecutors said the funds were linked to a massive “pig butchering” fraud scheme operated out of Cambodia. An indictment unsealed in federal court in Brooklyn on Tuesday charged Chen Zhi, also known as […]
Quantum computing stocks surged Monday after JPMorgan Chase unveiled plans to back the sector as part of a sweeping new investment program. The banking giant announced it will commit up to $10 billion across four key areas: advanced manufacturing and supply chains, defense and aerospace, clean energy technology, and frontier innovations such as quantum computing. […]
Amazon has terminated a Palestinian software engineer who was suspended last month after voicing opposition to the company’s work with the Israeli government. Ahmed Shahrour, who worked in Amazon’s Whole Foods division in Seattle, received notice of his dismissal on Monday. His suspension in September was linked to messages he posted on the company’s internal […]