Startup company News & Breaking Stories

Rivian partners with Volkswagen in $5 billion joint venture, boosting stock nearly 50%. Major automakers may follow suit with partnerships.

Dallas Mavericks, NBA champions in 2011, now owned by Miriam Adelson. Learn about the team's history, Mark Cuban, and more.

Chicago-based grocery startups Dom's Kitchen & Market and Foxtrot are closing their doors after merging last year due to challenges.

AI startup Cognition Labs introduces Devin, an autonomous coding agent challenging traditional programmers, potentially reshaping the future of software engineering.

Deadspin sells to new firm, lays off all staff after writer accused child of racism, sparking lawsuit and controversy.

"Claude 3, the new AI model from Anthropic, surpasses industry benchmarks and rivals like GPT-4 and Gemini Ultra. Available worldwide."

Rivian stock plunges 27% after disappointing investors. Company announces layoffs and $2.7 billion loss for 2024. EV market struggles.

Dating app market growth is slowing, with Match Group reporting a decline in paying customers. AI may be the future.

Google's parent company's stock rises after resolving a $1.67 billion patent lawsuit. It partners with Hugging Face to expand AI tools.

"Portnoy's risky Tesla investments plummet as stock hits 8-month low. Elon Musk's vision and challenges contribute to the decline."

Elon Musk's xAI has secured $500 million in new funding. Musk is also in a race with OpenAI to bring generative AI to market.

PM Modi inaugurates Boeing India Engineering and Technology Centre in Bengaluru, boosting innovation and advancements in aviation. Launches Boeing Sukanya Program.

Adobe has terminated its £16bn takeover of Figma after clashing with regulators, paying a £800million termination fee. Big Tech concerns.

SoundHound AI is revolutionizing fast food with voice-based AI ordering at Chipotle, Krispy Kreme, and White Castle. The future is here!

Alphabet's stock surges with the release of its latest AI model, Gemini, easing concerns about its competitive position in the AI sector.

Nvidia Corporation reported strong quarterly earnings, with revenue up by more than 200%, but shares may not rise further in the near term.

Roula Khalaf, Editor of the FT, shares her favorite stories in this weekly newsletter. Sam Altman's firing at OpenAI causes uproar.

OpenAI's CEO was ousted, causing chaos. Microsoft hired him. The fate of ChatGPT, used by millions, is uncertain. AI in jeopardy.

Microsoft stock rises after former OpenAI CEO joins company, despite employees threatening to quit, following a multi-billion-dollar investment in OpenAI.

OpenAI appoints ex-Twitch CEO Emmett Shear to replace Sam Altman, promising reform and safety in AI development. Industry rocked.

Elon Musk, Richard Branson and Jeff Bezos set their sights even higher in the new space race with their startups.

Wearables startup Human unveils its first device, the Ai Pin, a pocket-sized wearable AI assistant, with a price tag of $700.

WeWork's potential bankruptcy filing next week comes as no surprise, as the company's shares have plummeted and it has struggled with debt payments.

Geothermal energy, previously limited to specific regions, is on the verge of exponential growth with new drilling techniques. Startups like Fervo Energy are leading the way.

Arm's oversubscribed IPO could have been priced at $52 per share, above the indicated range of $47 to $51.

Actor Ryan Reynolds has made over $450 million from brand deals with companies like Aviation Gin and Mint Mobile, despite admitting he's "no wizard" at investing. Reynolds is known for his "valued-added investing" strategy, using his name and face to tell a startup's story and increase its return on investment. This tactic is becoming increasingly popular among venture capitalists and angel investors like Reynolds, as well as retail investors using equity crowdfunding platforms. Despite the risks, Reynolds has had a series of nine-figure exits and continues to invest in startups like Nuvei Corp.

Elon Musk endorses Republican presidential candidate Vivek Ramaswamy's call to reduce aid to Israel, sparking controversy and boosting Ramaswamy's popularity.

Elon Musk unveils new "X" logo to replace Twitter's blue bird as part of a major rebranding effort. The move has alienated users and advertisers, leaving Twitter vulnerable to competition. Musk aims to create an "everything app" similar to China's WeChat. Critics argue the rebranding is a risky move that may confuse users and erase brand recognition. However, some analysts believe it could drive engagement and appeal to new audiences.

Billionaire Elon Musk forms new AI company, xAI, to "understand reality."

Meta's Twitter competitor, Threads, has gained 100 million users in a few days, surpassing ChatGPT. Meta's stock has risen over 135% this year, but Fidelity has written down its valuation of Twitter from $44 billion to $15 billion, representing a loss of 65.9%.

Pylon, a startup, has raised $3.2 million in seed funding to help businesses manage and direct customer conversations from communication channels like Slack and Microsoft Teams. The company aims to solve the challenge of tracking and prioritizing messages, and it plans to expand its support to other channels in the future. Pylon currently supports Slack and has already gained customers, including Hightouch. Despite launching during uncertain economic times, the company is already profitable and plans to grow its team. The funding round was led by General Catalyst, with participation from Y Combinator and other investors.

Jennifer Aniston reveals her fitness tips for maintaining her toned physique.

Iconic earthquake resistant house on the market for $2.87 million.