Ethos Technologies prices IPO, eyes January 29 debut
Ethos Technologies has priced its IPO, with an expected debut on January 29 that could value the profitable insurance technology company at up to $1.26 billion.
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390 storiesMeta cuts 1,500 Reality Labs jobs in metaverse retreat
Meta is reportedly laying off roughly 1,500 Reality Labs employees and closing VR studios as the company pivots its focus toward AI and away from the metaverse.
Symbolic.ai signs deal to bring AI tools to News Corp newsrooms
News Corp is set to integrate Symbolic.ai’s platform into its Dow Jones Newswires hub, aiming to move beyond experimental AI usage toward practical editorial workflows.
Thinking Machines Lab loses three co-founders to OpenAI
Thinking Machines Lab is losing three co-founders to OpenAI, a significant leadership shift for the $12 billion startup less than a year after its founding.
Liftoff Mobile files for IPO with Blackstone as majority owner
Liftoff Mobile has filed its first S-1 document for an IPO, with Blackstone set to remain the majority shareholder following the offering.
Meta to cut 10% of Reality Labs staff
Meta is reportedly laying off 10% of its Reality Labs division, impacting over 1,000 employees as the company pivots resources toward AI development.
ElevenLabs hits $330 million ARR as voice AI adoption accelerates
ElevenLabs reached $330 million in annual recurring revenue last year, driven by rapid adoption of its voice agent technology among startups and Fortune 500 enterprises.
Apple services division reports record-breaking year
Apple reported a record-breaking year for its services division, including $550 billion in developer payouts, despite regulatory scrutiny over its commission structure.
Brin and Page shift assets amid California tax proposal
Google co-founders Sergey Brin and Larry Page appear to be reducing their California presence, potentially to avoid a prospective tax on individuals worth more than $1 billion.
Nuclear startups raise $1.1 billion to rethink reactor manufacturing
Nuclear startups raised $1.1 billion, betting that smaller, modular reactors can use mass-production techniques to avoid the massive cost overruns seen in traditional large-scale infrastructure.
Larry Page moves business assets out of California
Google co-founder Larry Page is moving business assets out of California and has reportedly left the state amid a proposed 5% tax on fortunes over $1 billion.
Discord files for IPO as it eyes a March debut
Discord has filed confidential IPO paperwork with the SEC and is reportedly aiming for a public market debut in March, according to sources.
The 'learn once, work forever' career model is ending
McKinsey and General Catalyst executives argue AI is ending the 'learn once, work forever' career model and forcing companies to rethink their workforce and adoption strategies.
Commonwealth Fusion Systems installs first magnet for Sparc reactor
Commonwealth Fusion Systems installed the first magnet for its Sparc reactor and partnered with Nvidia and Siemens to develop a digital twin to accelerate fusion development.
Microsoft’s Nadella pushes to reframe AI as a human tool
Microsoft CEO Satya Nadella is urging the tech industry to reframe AI as a tool for human potential rather than a replacement for labor, despite ongoing industry layoffs.
Lucid Motors doubles EV production in 2025
Lucid Motors doubled its 2025 EV production to 18,378 vehicles, though output remains significantly below the ambitious targets set during its 2021 public listing.
Tech billionaires cashed out over $16 billion in 2025
Tech executives sold more than $16 billion in stock during 2025, capitalizing on an AI-fueled market rally through prearranged trading plans.
Tesla annual sales fall 9% as BYD takes global EV lead
Tesla’s annual sales fell 9% in 2025, ceding its global EV leadership to BYD, while the company pivots its strategy toward AI and robotics.
European banks face 200,000 job cuts as AI adoption accelerates
More than 200,000 European banking jobs could vanish by 2030 as lenders leverage AI and branch closures to target 30% efficiency gains.
AI may become a scapegoat for layoffs in 2026, investors warn
Enterprise investors and studies suggest AI could automate 11.7% of jobs, with many predicting companies will use the technology to justify layoffs and labor cuts in 2026.