| Reuters: |
Sources: The Bot Company, co-founded by ex-Cruise CEO Kyle Vogt to make AI-powered household robots, raised $150M at a $2B valuation, up from $550M in May 2024 — Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks … | Caroline O'Donovan / Washington Post: |
A look at Amazon's suit against the Consumer Product Safety Commission, claiming the agency is unconstitutional, an argument favored by the Trump administration — The company's lawsuit argues it shouldn't have to cooperate with the Consumer Product Safety Commission, which oversees recalls of dangerous goods.| Andrew Edgecliffe-Johnson / Semafor: |
An interview with Affirm co-founder Max Levchin on hitting profitability, international expansion, building an “Affirm mafia”, DOGE, friendship with Musk, more — This article first appeared in The CEO Signal. Request an invitation. — THE SIGNAL INTERVIEW| Eliza Gkritsi / Politico: |
X suspends several accounts belonging to opposition figures in Turkey, amid extensive protests sparked by the arrest of President Erdogan's main political rival — Suspensions affect accounts spreading information about the widespread demonstrations. — Elon Musk's social media platform X … | Financial Times: |
Filings review: Builder.ai, which raised $450M from Microsoft and others, used an auditor with links to founder Sachin Duggal; Duggal resigned as CEO last month — Findings related to one of UK's best-funded tech start-ups raises alarm with corporate governance experts| Bloomberg: |
A profile of StubHub CEO Eric Baker, who, according to the company's S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares — This time it isn't concert tickets Eric Baker is selling. It's shares of StubHub Holdings Inc., the company he co-founded and has owned on and off for a quarter century.| Dan Primack / Axios: |
| Coco Feng / South China Morning Post: |
Tencent unveils Hunyuan T1, which leverages large-scale reinforcement learning to rival DeepSeek's R1 in both performance and pricing — Tencent Holdings has unveiled a new artificial intelligence (AI) reasoning model, Hunyuan T1, that rivals DeepSeek's R1 in both performance and pricing.| Berber Jin / Wall Street Journal: |
Index Ventures, Wiz's largest outside shareholder with a 13% stake, is set to turn its $245M investment into $4.3B from Wiz's pending sale to Alphabet for $32B — Index Ventures is set to earn a 250-fold return on its seed money in a startup Google has agreed to buy| Rhiannon Williams / MIT Technology Review: |
OpenAI, in partnership with MIT, releases its first study on how ChatGPT use affects emotional well-being, including differences in how men and women respond — OpenAI says over 400 million people use ChatGPT every week. But how does interacting with it affect us? Does it make us more or less lonely?| Bloomberg: |
A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX — Crafting and launching a space station that can keep humans alive comfortably in orbit is no easy feat. — Jed McCaleb made a fortune in cryptocurrency.| Kif Leswing / CNBC: |
A profile of Lisa Su, as AMD vies for a bigger chunk of the AI market; CTO Mark Papermaster says AMD had $5B in AI chip sales in 2024, up from $100M in 2023 — When Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of potential bankruptcy.| Anton Shilov / Tom's Hardware: |
Intel reorganizes Intel Foundry leadership as EVP Ann Kelleher, former GM of Technology Development and now strategic adviser, plans to retire later this year — Intel reorgs Intel Foundry around two key executives. — Dr Ann Kelleher, the executive vice president at Intel responsible …
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| Aisha Malik / TechCrunch: |