Apple tops Microsoft as world’s second-most valuable company after stock rally
The surge in shares was fueled by the iPhone 17 outselling the iPhone 16 in China and the U.S., according to a report from Counterpoint Research.
Investing
If venture capital is about innovation, why does it always look the same?
Cut Through Venture’s latest quarterly report shows 100% of Series B+ funding went to man-only startup teams, confirming what women founders already know: Australia’s venture ecosystem rewards sameness. But it doesn’t have to be this way.
Luxury stocks—Hermès, Prada, more—boom as LVMH earnings fuel rally
The luxury bellwether reported sales growth for the first time this year.
Australian start-up funding rebounds to over $1 billion across Q3
Despite a continued drought of mega-deals, Australia’s venture funding climbed back to the billion-dollar mark in Q3, driven by a surge in accelerator activity and heightened investor appetite for deep-tech and AI-focused companies.
AMD shares surge 30% after multibillion-dollar deal with OpenAI
OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.
Why Spotify CEO Daniel Ek is stepping down after nearly two decades
Daniel Ek, the billionaire founder of the $150 music streamer, is exiting Spotify’s top role as he is increasingly backing moonshot tech companies
Crypto boom creates 69,000 new millionaires in the past 12 months
The number of ultra-wealthy crypto individuals is rising sharply, thanks in large part to the surge in Bitcoin, a new report from Henley & Partners has revealed.
WiFi start-up Morse Micro banks $88 million Series C
The capital will fuel Morse Micro’s international expansion, scale production and support its transition to IoT 2.0.
Elon Musk’s xAI could be valued at $200 billion after $10 billion funding round, report says
Elon Musk’s artificial intelligence firm xAI will hold a funding round valuing the company at $200 billion, according to CNBC, keeping up with or nearing massive valuations from competitors like Anthropic and OpenAI.
Nvidia will invest $5 billion in rival chipmaker Intel
Nvidia’s investment in its struggling rival comes less than a month after the U.S. government took a 10% stake in Intel.