This Battery Startup Raised $15 Billion. Then It Went Bust.

Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant battery makers.

Business - The Wall Street Journal - 4 days ago

Play Ventures raises $140M second fund to invest in games and consumer startups

Play Ventures, a global venture capital firm specializing in early-stage gaming, has raised $140 million for its third gaming fund.

Tech - VentureBeat - November 18

AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round

The artificial intelligence search company is raising $500 million in its fourth funding round this year.

Tech - The Wall Street Journal - November 5

Inside the Billion-Dollar Startup Bringing AI Into the Physical World

Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.

Tech - Wired - November 14

Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round

The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Tech - The Wall Street Journal - November 20

Amazon to invest an additional $4 billion in AI startup Anthropic

Amazon is investing an additional $4 billion in the artificial intelligence startup Anthropic as major technology companies rush to fund generative AI

Tech - ABC News - 6 days ago

Amazon Just Invested Another $4 Billion in AI Startup Anthropic

The shopping and computing giant is literally doubling down on enterprise AI.

Business - Inc. - 6 days ago

How Kamala Harris Burned Through $1.5 Billion in 15 Weeks

Her frenzied spending has led to second-guessing among some Democrats and questions as she has pressed for more cash since the election.

Top stories - The New York Times - November 17

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - October 30

Philadelphia Phillies capital raise values the team at around $3 billion

The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.

Business - CNBC - November 8

Harris campaign raised $1 billion-plus. It's still sending appeals for donors.

Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters.

This Robotics AI ‘Brain’ Startup Just Raised $400 Million From Jeff Bezos, OpenAI, and Others

Physical Intelligence, now valued at about $2 billion, aims to create AI models that can power robots.

Business - Inc. - November 4

This Gen-Z-Led Startup Just Raised $2.6 Million to Diagnose Parkinson’s Using AI

Dannce.ai emerged from stealth with a platform that aims to use artificial intelligence to help diagnose and monitor movement disorders. Here’s how it works.

Business - Inc. - November 21

Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation

Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.

Business - CNBC - November 4

Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues

World - ABC News - November 5

AstraZeneca sheds £15 billion of market cap as weight-loss-pill data underwhelms investors

AstraZeneca PLC shed £15 billion in market capitalization on Tuesday, after investors were underwhelmed by early data from a trial of a weight-loss pill.

Business - MarketWatch - November 5

48-year-old CEO of a $1 billion startup: My secret to success is, 'I hire the best and I get out of their way'

Self-made millionaire Fawn Weaver, CEO of Uncle Nearest Whiskey, swears by hiring the right talent and letting them do the job: "Micromanaging does not work."

Business - CNBC - Yesterday

MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin

The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.

Business - MarketWatch - October 31

DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.

Tech - VentureBeat - November 1

Perplexity AI in final stages of raising $500 million round at $9 billion valuation

Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.

Business - CNBC - November 5

Cop29 live: solidarity levy on cryptocurrency could raise billions for climate action, says report

Charging $0.045 per kWh for energy used in intensive bitcoin mining could produce $5bn for the climate crisis, says Global Solidarity Levies taskforce. Josh Gabbatiss, from Carbon Brief has ...

World - The Guardian - November 14

Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center

Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

Business - CNBC - November 15

Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private

NHK said the founding family will raise over 8 trillion yen from "three Japanese megabanks and major American financial institutions."

Business - CNBC - November 20

Largest drug "super lab" in Canada's history is busted

Police also found dozens of handguns, AR-15-style rifles and submachine-guns -- "many of which were loaded and ready to be used."

Tow Truck Busted Transporting Stolen Cars

World - Yahoo News - November 6

Will new battery-powered trains replace diesel, and are they safe?

Manufacturers see lithium power as the future of rail travel in the UK - but the trains could pose unique challenges.

Italian authorities bust 'Banksy forgery ring'

Over 2,100 forgeries, also targeting Warhol, Picasso, Monet and Dali, were recovered in the sting.

2,100 Fakes Rounded Up in Art Forgeries Bust

Italian officials said they had dismantled a Europe-wide network of forgers and dealers selling works purported to be by A-list artists, mostly through auction houses.

World - The New York Times - November 13

Russian sanctions busting linked to British Overseas Territories

Lack of open ownership records complicate efforts to find out who is involved in the trade

World - Financial Times - November 19

Battery start-up Northvolt files for bankruptcy protection in US

Europe’s big hope for homegrown manufacturing has struggled with production at its factory in northern Sweden

Business - Financial Times - November 21

Northvolt, Europe’s Hope for a Battery Champion, Files for Bankruptcy

The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.

Tech - The New York Times - November 21

Massive organized retail theft operation in Queens busted

QUEENS, N.Y. (PIX11) -- One of the largest organized retail theft operations in the history of Queens has been busted with millions of dollars in seized stolen goods recovered. The thieves had an ...

Politics - The Hill - Yesterday

Why Elon Musk’s Plan to Reinvent EV Batteries Was Dissed by a Chinese Battery Leader

Inside Tesla a team has been feverishly working to reinvent the power cells that make EVs work. The founder of the world’s biggest battery maker said the effort was doomed to fail.

Business - Inc. - November 15