Novak Djokovic joins General Atlantic as global strategic advisor
Novak Djokovic has joined General Atlantic, an investment management firm, as a global strategic advisor to help expand its footprint in the sports and wellness sectors.
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390 storiesRussian hackers linked to $2.5B Jaguar Land Rover breach
Russian hackers were behind a $2.5 billion cyberattack on Jaguar Land Rover, though their specific ties to the Russian government remain unclear.
SpaceX IPO briefly pushes Musk to trillionaire status
Elon Musk briefly reached trillionaire status following the SpaceX IPO earlier this month, though he is currently merely a several-hundred-billionaire according to Bloomberg.
Cerebras shares drop nearly 20% after earnings report
Cerebras shares fell nearly 20% after the AI chipmaker forecast narrower annual margins due to a temporary equipment rent-back strategy, despite beating first-quarter revenue expectations.
SignalFire data shows engineering roles remain resilient despite AI
SignalFire research indicates engineering roles remain the most resilient job function in tech, challenging the narrative that AI is driving mass layoffs in the sector.
Micron reports strong earnings amid memory chip shortage
Micron reported strong quarterly earnings and a new partnership with Anthropic, even as the memory chip shortage could persist through 2027.
Accenture moves to curb employee AI token usage
Accenture is restricting employee AI usage to control rising token costs, signaling a broader shift as companies scrutinize the actual business value of AI investments.
How investors are pricing deals in a fast-moving AI market
Investors from M13 and Basis Set Ventures discuss navigating AI market volatility, noting that while some companies may fall quickly, incumbents currently hold a distinct advantage.
Oracle cuts 21,000 jobs as AI-driven layoffs continue
Oracle reduced its workforce by 21,000 employees over the past year, joining a wave of tech companies citing AI adoption as a driver for ongoing layoffs.
Lucid Motors cuts 18% of staff to simplify operations
Lucid Motors is laying off 18% of its workforce and eliminating a production shift to simplify operations as the US electric vehicle market cools.
Japanese taxi app Go targets robotaxis after $553 million IPO
Go raised $553 million in its IPO and plans to use the proceeds to expand its robotaxi business and pursue acquisitions to address Japan’s taxi driver shortage.
Snap spins off AI video team into new company Dotmo
Snap is spinning off its internal generative AI video team into a new company called Dotmo, citing high internal costs while retaining an equity stake.
OpenAI hires Google and White House veterans for policy push
OpenAI has hired Google veteran Noam Shazeer and former White House official Dean Ball, as the company arguably positions itself as a favorite within the U.S. administration.
NASA selects Relativity Space for 2028 Mars mission
NASA has hired Relativity Space to launch the Aeolus Mars mission in 2028, a partnership that could make the startup the first private mission to reach Mars.
Chi-Hua Chien on why AI applications will beat infrastructure
Goodwater Capital’s Chi-Hua Chien argues that AI infrastructure is commoditizing, and the biggest winners will be application companies, not those selling AI models.
Roelof Botha joins SpaceX board of directors
Former Sequoia Capital managing partner Roelof Botha has joined the SpaceX board of directors, shortly after the company completed its record-breaking initial public offering.
PayPal Ventures winds down as company restructures
PayPal is winding down its corporate venture arm and pausing new investments as CEO Enrique Lores pivots the company toward its core technology fundamentals.
SpaceX valuation hits $2.6T, briefly surpassing Amazon
SpaceX briefly became the world's fifth-most valuable company, hitting a $2.6 trillion valuation, while announcing the acquisition of AI coding firm Cursor.
Rivian lays off staff as it targets 2027 profitability
Rivian is laying off hundreds of workers, representing less than 2% of its staff, as the company continues to restructure while aiming for profitability by 2027.
SpaceX goes public in record-breaking $85.7 billion offering
SpaceX has completed the largest IPO in history, raising $85.7 billion and acquiring Cursor for $60B, while pushing Elon Musk’s wealth to more than $1,000,000,000,000.