OpenAI raises $110 billion in latest round, valuing firm at US$730 billion
OpenAI announced a massive $110 billion investment round—vaulting the company at a $730 billion—thanks to funding from Amazon, NVIDIA and SoftBank, it announced Friday.
Investing
Aussie cybersecurity firm UpGuard ascends with $105 million raise
Exclusive: NY-based Springcoast Partners led the round, joined by Australia’s Square Peg, which has partnered with the firm since inception, and US firms August Capital and Pelion Venture Partners.
Warner Bros. Discovery says Paramount’s new bid might top Netflix’s
Netflix allowed the legacy media company to reopen talks with Paramount.
IBM shares plummet 13% – worst day since 2000 – after Anthropic launches programming AI tool
The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.
‘Delete that, or you will be held in contempt’: Judge blasts Zuckerberg’s team over Meta glasses
Zuckerberg is testifying in a lawsuit accusing Meta of operating platforms that are addictive and harmful to children.
Software stocks—Oracle, Intuit, more—fall as Anthropic’s latest Claude model fuels AI concerns
The Google- and Amazon-backed AI startup fueled a global selloff in software stocks earlier this month.
Gene editing has struggled to go commercial. This Nobel laureate has a $1 billion plan to fix that
Crispr’s ability to cut genetic code like scissors has just started to turn into medicines. Now, gene editing pioneer Jennifer Doudna wants to build an entire ecosystem to bring these treatments mainstream.
Once as high as $360 billion PayPal’s market value has slipped to $40 billion, below former parent, eBay
PayPal shares plunged after earnings, pushing its market cap below eBay’s for the first time since 2015 and signaling a major shift in digital payments.
Australia’s startup funding jumps to $5.1 billion in 2025 as AI takes the lead
More than $1 billion went toward AI-native startups. Fintech, biotech / medtech and climate tech startups were also winners in 2025, according to the Cut Through Ventures and Folklore Ventures report.
How Phoebe Gates and Sophia Kianni raised $35m to build an AI shopping unicorn
In the three years since Phoebe Gates and Sophia Kianni first asked the question “how can we make secondhand shopping easier?”, they’ve brought on investors like Kris Jenner, Sara Blakely and Hailey Bieber.