Latest in Startup Raised Billion
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Car speed limits could be cut but raised for HGVs
Under government plans, the car limit would go from 60mph to 50mph on single carriageways and from 40mph to 50mph for lorries.Top stories - BBC News - Yesterday -
The Land That Allowed Ken Burns to ‘Raise the Dead’
The award-winning filmmaker has slept in the same bedroom for over four decades. He credits his home with allowing him to make the films everyone said he couldn’t.Top stories - The New York Times - 17 hours ago -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.Tech - The New York Times - October 29 -
UEFA pledges $1 billion to grow women's soccer
UEFA pledged Wednesday to steer €1 billion ($1.08 billion) toward all levels of women's soccer over the next six years as part of a comprehensive strategy to grow the game in Europe.Sports - ESPN - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Siemens to Buy Altair in $10.6 Billion Equity Deal
The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.Business - The Wall Street Journal - October 30 -
Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.Business - The New York Times - October 31 -
Kroger Finalizes $1.37 Billion Opioid Crisis Settlement
Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.Business - The Wall Street Journal - November 4 -
U.K. government cuts NatWest stake by £1 billion
The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.Business - MarketWatch - November 11 -
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.Business - MarketWatch - November 13 -
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Samsung Electronics Plans $7 Billion Share Buyback
The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.Business - The Wall Street Journal - November 15 -
MicroStrategy’s stock surges on $4.6 billion bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play’s $4.6 billion bitcoin buy.Business - MarketWatch - November 18 -
MicroStrategy’s $30 billion Bitcoin Bet Is Paying Off
The stock is up 460 percent this year thanks to the crypto—more than double Nvidia’s returns.Business - Inc. - November 19 -
A look at the $3 billion classroom safety industry
With school shootings continuing throughout the U.S., classroom safety has become big business. Mark Strassmann takes a look at how some companies are trying to keep students safe.Top stories - CBS News - November 19 -
7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.Business - The Wall Street Journal - 5 days ago -
Rivian to Get $6 Billion Federal Loan for EV Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.Business - The New York Times - Yesterday -
Biden to Leave Trump With Billions for Ukraine Weapons
American officials are acknowledging that the U.S. won’t be able to spend all of the money authorized to transfer arms to Kyiv by Jan. 20.World - The Wall Street Journal - 17 hours ago -
Elon Musk’s xAI startup said to eye funding round, valuing the company at this much
xAI is in talks with investors for a funding round, the Wall Street Journal reported.Business - MarketWatch - October 29 -
Here’s Why Jack Dorsey Hopes a Return to Startup Mode Can Turn Tidal
The former Twitter boss and Square founder cuts music streaming platform Tidal’s staff, seeking to restore the leaner, hungrier form of its early days.Business - Inc. - October 31 -
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Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia
Deeproute said it is part of the first batch of companies in China to obtain Nvidia's newer Thor chip for cars and will release a new system using it next yearBusiness - CNBC - November 5 -
Guac-Tech? Why This Food Delivery Startup Is Set to Acquire the Company Behind Chipotle’s Avocado Robots
Exclusive: Serve Robotics will purchase Vebu, which makes the Autocado machine, in an all-stock deal.Business - Inc. - November 7 -
From coffee beans to milk, this Singapore-based startup uses AI to determine ingredient quality
ProfilePrint's AI platform could have implications for improving food security.Business - CNBC - November 7 -
AI startup funding hit a record in the L.A. area last quarter. Here's who got the most money
L.A.-area startups received $1.8 billion in the third quarter, the highest quarterly amount for the region, according to CB Insights. Most of it went to a single company.Entertainment - Los Angeles Times - November 8 -
Microsoft-backed startup debuts task optimized enterprise AI models that run on CPUs
Fastino emerges from stealth with $7 million in pre-seed funding to advance task optimized enterprise AI models that don’t require a GPU to run.Tech - VentureBeat - November 12 -
'Many dark times': How this startup founder overcame self-doubt and started a $100-million-a-year business
Jeffrey Tiong, the founder and CEO of Patsnap, a IP and R&D intelligence startup, says an investor once told him he was "not fit to be CEO."Business - CNBC - November 13
