Startup studio eFounders reaches portfolio valuation of $2 billion
European startup studio eFounders has now been around for 10 years. And because a birthday sounds like a good opportunity to share some metrics, the portfolio companies have reached a valuation of $2 billion together — only 18 months after rea.....»»
DirecTV/Dish merger has a problem as debt holders object to $1.6 billion loss
Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger. DirecTV's agreement to buy the Dish satellite and streaming TV business from EchoStar is facing o.....»»
OpenAI is now valued at $157 billion
OpenAI has nearly doubled what investors think it's worth—but there's a catch. OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values.....»»
Patients Are Turning to Vibrators to Relieve Their Migraines
One billion people experience migraines, yet the perfect treatment is still out of reach. Can a vibrator offer a surprising solution?.....»»
A Lawsuit From Backers of a ‘Startup City’ Could Bankrupt Honduras
The country faces a wave of claims after it repealed a law allowing for special economic zones. Chief among them is an American company looking to build a semi-autonomous “startup city” called Próspera......»»
Eight Scientists, a Billion Dollars, and the Moonshot Agency Trying to Make Britain Great Again
The Advanced Research and Invention Agency—ARIA—is the UK's answer to Darpa. But can it put the country back on the scientific map?.....»»
Palworld is coming to mobile despite Nintendo lawsuit
Palworld developer Pocketpair has made a deal with PUBG studio Krafton to bring the game to mobile......»»
Nvidia just released an open-source LLM to rival GPT-4
Nvidia just released a 72 billion-parameter, open-source LLM that will rival GPT-4.....»»
Dish creditors “revolt” over DirecTV merger, try to block loss-making deal
Debt holders oppose $1.6 billion value reduction, throwing wrench into TV merger. DirecTV's agreement to buy the Dish satellite and streaming TV business from EchoStar is facing o.....»»
Toyota will invest $500 million more into air-taxi startup Joby Aviation
The additional funding will bring Toyota Motor Corp.'s investment in Joby Aviation to $894 million......»»
U.S. issues $2 billion electric vehicle tax rebates since Jan. 1, Treasury says
The U.S. government has issued $2 billion in advance point-of-sale consumer EV tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said Oct. 1......»»
Farmer sentiment reaches lowest levels since 2016 as income expectations weaken
In September, the Purdue University/CME Group Ag Economy Barometer recorded its lowest readings since March 2016. Declining income expectations pushed farmer sentiment down as the barometer fell 12 points to 88, and the Index of Future Expectations.....»»
EV charger robot developed by Michigan startup draws international interest
IonDynamics was founded in January 2024 with the goal of both modernizing EV grid charging technology — as well as eliminating the costs associated with EV charging infrastructure......»»
Rolls-Royce CEO says hybrid powertrain can"t deliver the brand"s trademark ‘waftability"
The exotic car maker is growing its revenue from bespoke creations, in part by opening its first U.S. design studio in New York......»»
The grid is insufficient for renewables. BPA has a $2 billion plan.
The grid is insufficient for renewables. BPA has a $2 billion plan......»»
Apple backs out of backing OpenAI, report claims
Apple dropped out of the $6.5 billion investment round at the 11th hour. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) A few weeks back, it was reported that Apple was explori.....»»
Nepal surveys flood wreckage as death toll reaches 209
Search and rescue teams in Nepal's capital picked through wrecked homes on Monday after waters receded from monsoon floods that killed at least 209 people around the Himalayan republic......»»
New method achieves first-ever imaging of pathogens on lettuce leaves in real-time
As the global population surpasses 8 billion, the challenge of producing sufficient food becomes increasingly pressing. The Netherlands stands as the world's second-largest food exporter, efficiently cultivating a wide variety of crops. However, plan.....»»
Where flood policy helps most—and where it could do more
Flooding, including the devastation caused recently by Hurricane Helene, is responsible for $5 billion in annual damages in the U.S. That's more than any other type of weather-related extreme event......»»
Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan......»»
Workplace well-being programs often don"t work—but here"s how to make them better
The World Health Organization (WHO) has just published alarming statistics showing that employee mental health issues result in a US$1 trillion (£747 billion) loss in productivity each year. The WHO has called on employers to take urgent action by i.....»»