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Investing

Asides

Revenge of the bootstrapped startup

Founders Srinivas Njay and Bruce Kim bootstrapped interface.ai with $1 million of their own capital. Now the VCs are calling—but they’re waiting for the right partner.

  • By Emily Mason
  • Forbes Staff
Robbie Ferguson (left), James Ferguson (right). They are posing behind a square frame made out of light beam.

Immutable doubles down on Web3 with US$100 million Games Fund

The Inevitable Games Fund (IGF) is the first-of-its-kind ecosystem-agnostic fund, with a view to identify high growth opportunities for investors.

  • By Anastasia Santoreneos
  • Forbes Staff

‘Mass human experiment’: Inside Japan’s futuristic $15 billion smart city

Toyota announced its Woven City project in 2020. In 2021, it broke ground on construction at a site close to the foot of Japan’s Mount Fuji. Three years later, Woven City says Phase 1 of the development will be complete by the end of the year and trials will start in 2025.

  • By Shivaune Field
  • Business Journalist

AI unicorn Inflection abandons its ChatGPT challenger as CEO Mustafa Suleyman joins Microsoft

After raising $1.3 billion last year, Inflection is pivoting to focus on business-to-business APIs, as Suleyman jumps to lead consumer AI at Microsoft.

  • By Alex Konrad
  • Forbes Staff

Magnificent seven adds $250 billion on Gemini’s reported iPhone deal

An epic reported artificial intelligence partnership out of Silicon Valley sent stocks off to a hot start Monday ahead of a crucial week for markets.

  • By Derek Saul
  • Forbes Staff

Apple in talks with Google to integrate Gemini’s AI service into the iPhone, reports

If a deal happens, it could provide a major boost to Gemini, as it battles with rival AI services from the likes of OpenAI, Meta and Anthropic.

  • By Siladitya Ray
  • Forbes Staff

‘Not if, but when’: Rate cuts could be delayed until 2025, experts predict

The Reserve Bank of Australia (RBA) is unlikely to lower interest rates until at least 2025, despite the easing inflation, according to the Finder RBA Cash Rate Survey.

  • By Samuel Hussey
  • Head of News & Life

Elon Musk’s SpaceX developing $1.8 billion spy satellite network for the US, reports

A contract between SpaceX and the U.S. is worth $1.8 billion, Reuters reported.

  • By Ty Roush
  • Forbes Staff

TikTok is facing a ban in the US. What does it mean for Australia?

They say that when the US sneezes, Australia catches a cold. But when it comes to ByteDance-owned social media platform TikTok, Australia is blazing its own trail.

  • By Shivaune Field
  • Business Journalist

Nvidia slump headlines broader stock losses as inflation fears creep back

Don’t look now, but semiconductor chip stocks are in a major slump.

  • By Derek Saul
  • Forbes Staff
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