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Payroll Startup Deel Accused of Charges Related to Money Laundering
The startup, recently valued at $12 billion, says it hasn’t broken any laws.Inc. - 1d -
Why $10 Million Is the Hardest Number for Startups to Hit
It’s a wonderful mirage, but it rarely works, so why do we keep falling for it?Inc. - 1d -
How Biden tarnished his own legacy
The 46th president had his accomplishments - but for now these are partly overshadowed by certain misstepsBBC News - 2d -
A startup city in Kenya tries to tackle Africa's problem of urbanizing while poor
Tatu City outside Kenya's capital is a startup city, privately owned and with aspirations of eventually having a population of 250,000ABC News - 2d -
Why SEC Basketball Is Its Own Worst Enemy
The conference’s superiority this season also ensures something else: carnage, a columnist for The Athletic writes.The New York Times - 3d -
Constellation Energy to Buy Power Producer Calpine
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.The New York Times - 4d -
Breaking the data bottleneck: Salesforce’s ProVision speeds multimodal AI training with image scene graphs
Salesforce is using structured representation of image semantics to power programs that synthesize instruction datasets for AI training.VentureBeat - 4d -
Directors’ Deals: CRH director buys the dip
Group’s share price is up 70 per cent since its switch to a New York listingFinancial Times - 4d -
Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.
Constellation Energy Corp., an electricity provider whose stock has doubled over the last year on hopes it will help meet the voracious energy demand created by artificial-intelligence ...MarketWatch - 4d -
How Delivery Startup DroneUp May Survive the Loss of Walmart’s Business
After the retailing giant consolidates its aerial deliveries with two bigger specialists, DroneUp will need to pivot to working with smaller, local customers.Inc. - 4d -
With TikTok’s Future Uncertain, Livestream Shopping Startups Are Making Moves
How TikTok Shop’s rivals are preparing to swoop up the e-commerce giant’s market share.Inc. - 5d -
Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?
Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.The New York Times - 6d -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - 6d -
Justin Trudeau Was His Own Worst Enemy
Justin Trudeau came to power with a new kind of politics — progressive and identity-based. In the end, it proved his undoing.The New York Times - 6d -
Japan links hacker MirrorFace to dozens of cyberattacks targeting security, tech data
Japan has linked more than 200 cyberattacks over the past five years targeting the country’s national security and high technology data to a Chinese hacking group, MirrorFaceABC News - 6d -
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
The Amazon-backed OpenAI rival was valued at $18 billion last year.The Wall Street Journal - Jan. 7 -
Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.The New York Times - Jan. 7 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers
President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...MarketWatch - Jan. 7 -
Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw ...NBC News - Jan. 7 -
British AI startup with government ties is developing tech for military drones
Exclusive: Concerns raised over role of Faculty AI, which has worked with NHS and government safety body. A company that has worked closely with the UK government on artificial intelligence safety, ...The Guardian - Jan. 7 -
Are the new personal data rules workable?
Also in this newsletter: India’s forex reserves fall to an eight-month low and Kumar Mangalam Birla’s mantraFinancial Times - Jan. 7 -
Phillips 66 to Buy EPIC NGL for $2.2 Billion
Phillips 66 will buy EPIC NGL for $2.2 billion to help the Houston oil refiner grow its Permian midstream business.The Wall Street Journal - Jan. 6 -
Salesforce’s AI efforts draw doubts from the stock’s newest bear
Salesforce has been seen as an early AI winner, but a Guggenheim analyst worries about how the company and its peers will be able to monetize a technology that nearly everyone is offering.MarketWatch - Jan. 6 -
MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin
The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.MarketWatch - Jan. 6 -
Online Holiday Shopping Got an AI Boost, Says Salesforce
Online sales climbed 4 percent in the year-end buying period, as AI-powered chatbots facilitated sales and returns.Inc. - Jan. 6 -
Who Owns Jan. 6?
Trump is trying to rewrite history, but history may not comply.The New York Times - Jan. 6 -
5 Ways This Startup Puts Values in Action
This AI company’s values help drive its booming biotech business.Inc. - Jan. 5 -
Best iPad to Buy (and Some to Avoid) in 2025
We break down the current iPad lineup to help you figure out which one of Apple’s tablets is best for you.Wired - Jan. 5 -
Vikes buy 1,900 tickets for Ford Field showdown
The Vikings purchased roughly 1,900 tickets for Sunday's winner-take-all NFC North matchup against the Lions, then offered them to team-based stakeholders.ESPN - Jan. 5 -
6 Rules for Startup Fundraising
Lessons learned from my startup’s most recent fundraising round.Inc. - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.CNBC - Jan. 4 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
Venture Capitalist Sues Paypal Over Program for Minority Startups
An Asian-American fund manager accused the payments company of discrimination by ignoring her application under a $100 million initiative.The Wall Street Journal - Jan. 3 -
This Colorado Startup Is Challenging NASA in the Concorde 2.0 Race
Boom Supersonic is trying to build a quieter, 21st century supersonic jetliner.Inc. - Jan. 3 -
$1.9 million reward offered after "brazen" heist of jewelry
Some of the property reportedly belongs to art collector Shafira Huang, said to be a multi-millionaire Instagram influencer.CBS News - Jan. 1