Another European fintech has joined the unicorn ranks. Berlin-based Moss has raised €30m in a Series C round that values the spend-management company at more than €1bn. The round was led by Portage. The specialist fintech investor headlined the raise, …
Nik Storonsky wants a bigger slice of Revolut, and he has picked an ambitious price. The cofounder and chief executive is in talks over a new share award, the Financial Times reported. It would grow his stake if the fintech reaches a $500 billion valua…
Nintendo has smashed its first-quarter earnings estimates for the fiscal year, bolstered by strong games sales and US tariff refunds, though its customers likely won’t receive anything from the latter. In its latest financial results, Nintendo reports that operating profits soared to 142.5 billion yen (about $902 million) between April 1st and June 30th, compared […]
Chevron and Williams are big winners in the race to power artificial intelligence as they build out gas-fired power plants and pipelines.
Discover what a hyperscaler is, which companies dominate the market, and why these cloud giants are investing billions in AI and data centers.
Insurer Oscar Health swung to a $361 million second quarter profit while eclipsing $1 billion in net income for the first six months of the year as medical costs eased.
Travis Kalanick is putting the band back together. His industrial-robotics startup Atoms has hired Gautam Gupta, who ran Uber’s finances during Kalanick’s tenure, as its new chief financial officer. Gautam Gupta was Uber’s finance chief from 2013 until…
The company that made AI cheap is about to make it less so. DeepSeek has warned that a significant price increase is coming for its API, a striking about-face for a firm built on undercutting everyone else. The details are still thin. DeepSeek said onl…
The New York Times has hit a rare bump in an otherwise smooth climb. The publisher added 280,000 net digital subscribers in the second quarter, short of Wall Street’s forecasts, and its shares slipped despite healthy profits. The New York Times remains…
The mood around corporate AI spending is turning, and Uber is saying so out loud. The company’s chief technology officer, Praveen Neppalli Naga, says the era of tokenmaxxing is coming to an end. The term needs a translation. Tokenmaxxing is the practic…