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Crypto theft is booming as criminals increasingly turn to physical attacks

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives. So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis. Overall, the co

TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong. The world's largest contract chip manufacturer fo

TSMC forecasts 38% jump in third-quarter revenue after results beat on AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating estimates, as demand for artificial intelligence chips stays strong. The world's largest contract chip manufacturer expects third-quarter revenue

ASML shares drop 11% after the chip giant says it can't confirm that it will grow in 2026

ASML on Wednesday warned of the possibility of no growth in 2026, even as it beat top and bottom line expectations for the second quarter. ASML's guidance for the current quarter missed expectations while it narrowed its own forecast for the rest of the year. Shares of the firm ended the day 11.4% lower. Like many companies in the semiconductor industry, ASML has been grappling with uncertainty created by U.S. tariff policy. The company forecast third-quarter revenue of between 7.4 billion eu

ASML shares drop 6.5% after the chip giant says it can't confirm that it will grow in 2026

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. ASML on Wednesday warned of the possibility of no growth in 2026, even as it beat top and bottom line expectations for the second quarter. ASML's guidance for the current quarter missed expectations while it narrowed its own forecast for the rest of the year. Shares of ASML dropped 6.5% in early trading, shortly after European markets opened. Like many companies in the semiconductor industry, ASML has

Congress moves to reject bulk of White House's proposed NASA cuts

A budget-writing panel in the House of Representatives passed a $24.8 billion NASA budget bill Tuesday, joining a similar subcommittee in the Senate in maintaining the space agency's funding after the White House proposed a nearly 25 percent cut. The budget bills making their way through the House and Senate don't specify funding levels for individual programs, but the topline numbers—$24.8 billion in the House version and $24.9 billion the Senate bill—represent welcome news for scientists, ind

Congress moves to reject bulk of White House’s proposed NASA cuts

A budget-writing panel in the House of Representatives passed a $24.8 billion NASA budget bill Tuesday, joining a similar subcommittee in the Senate in maintaining the space agency's funding after the White House proposed a nearly 25 percent cut. The budget bills making their way through the House and Senate don't specify funding levels for individual programs, but the topline numbers—$24.8 billion in the House version and $24.9 billion the Senate bill—represent welcome news for scientists, ind

Trump announces billions in investments to make Pennsylvania an AI hub

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. President Donald Trump helped announce more than $90 billion in investments in AI and energy at an event in Pennsylvania on Tuesday. Among those investments include some multi-billion dollar commitments from Google. The company is planning to invest $25 billion to build data centers and AI infrastructure for the electric grid in the PJM region, according to remarks from presi

Bitcoin is nearly double where it was a year ago. This is what's behind the run

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world's largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn't being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that's playing out in r

Elon Musk Is Trying to Get His Other Companies to Foot the Bill for xAI

Elon Musk’s SpaceX is set to invest billions in his artificial intelligence company, and now he is hoping Tesla will do the same. Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month. Unsurprisingly, the richest man in the world isn

Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI

In Brief One Elon Musk business might be making a big investment in another. According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June. This would be SpaceX’s first investment in xAI, and one of its biggest investments in another company. The WS

Nvidia's Jensen Huang sells more than $36 million in stock, catching up with Warren Buffett in net worth

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Nvidia CEO Jensen Huang unloaded roughly $36.4 million worth of stock in the leading artificial intelligence chipmaker, according to a U.S. Securities and Exchange Commission filing. The sale, which totals 225,000 shares, comes as part of Huang's previously adopted plan in March to u

Startups Weekly: Still running

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This newsletter took a break for the Fourth of July, and maybe you did, too, but the news didn’t. Even the biggest startups are still running after more funding. To help you catch up, we’ve got the top startup stories from the week, plus some from the previous one. Most interesting startup stories from the week Image Credits:Haje Kamps / Tec

Nvidia's Jensen Huang sells more than $36 million in stock, catches Warren Buffett in net worth

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Nvidia CEO Jensen Huang unloaded roughly $36.4 million worth of stock in the leading artificial intelligence chipmaker, according to a U.S. Securities and Exchange Commission filing. The sale, which totals 225,000 shares, comes as part of Huang's previously adopted plan in March to u

The day someone created 184 billion Bitcoin (2020)

In brief In August 2010, someone exploited a flaw in Bitcoin’s code to create 184 billion Bitcoin. The bug was quickly corrected by Bitcoin’s anonymous creator, Satoshi Nakamoto. The person behind the "value overflow incident" exploit remains unknown. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE There will only ever be 21 million Bitcoin. We’re not too far off—around 18 and a half million Bitcoin are already in circulation. But on the 15th of August, 2010, that limit was des

Microsoft shares $500M in AI savings internally days after cutting 9,000 jobs

Microsoft’s chief commercial officer Judson Althoff said during a presentation this week that AI tools are boosting productivity across sales, customer service, and software engineering, Bloomberg reports. Althoff noted AI has been so useful that Microsoft was able to save more than $500 million last year in its call center alone. The internal remarks come a week after Microsoft laid off more than 9,000 workers, the company’s third round of layoffs this year that put the total number of affecte

Linda Yaccarino is leaving X

Linda Yaccarino, the chief executive of X and a top lieutenant to its owner, Elon Musk, said on Wednesday that she was leaving the company two years after joining the social media platform. In a post on X, Ms. Yaccarino, 61, said: “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me.” She did not provide a reason for her departure. Ms. Yacc

Nvidia Makes History

Nvidia made history on Wednesday, becoming the first company in the world to reach a $4 trillion market capitalization. This unprecedented milestone solidifies its position as a dominant force in the global economy and a key player in the artificial intelligence revolution. While OpenAI and its viral chatbot ChatGPT might be the public face of AI, Wall Street looks to Nvidia as the true barometer of this transformative technology. Nvidia designs and manufactures the advanced graphics processing

Neobank Revolut seeks $65B valuation, a year after its $45B deal

In Brief Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, though the deal has not been finalized, and terms could change. TechCrunch reported in April that the company saw a 72% increase in revenue last year, netting $1

Nvidia Makes History: The World’s First $4 Trillion Company Is Here

Nvidia made history on Wednesday, becoming the first company in the world to reach a $4 trillion market capitalization. This unprecedented milestone solidifies its position as a dominant force in the global economy and a key player in the artificial intelligence revolution. While OpenAI and its viral chatbot ChatGPT might be the public face of AI, Wall Street looks to Nvidia as the true barometer of this transformative technology. Nvidia designs and manufactures the advanced graphics processing

X Chief Says She Is Leaving the Social Media Platform

Linda Yaccarino, the chief executive of X and a top lieutenant to its owner, Elon Musk, said on Wednesday that she was leaving the company two years after joining the social media platform. In a post to X, Ms. Yaccarino, 61, said, “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I’m immensely grateful to him for entrusting me.” She did not provide a reason for her departure. Ms. Yacc

Mistral is reportedly in talks to raise $1B

In Brief French AI startup Mistral is in talks to raise up to $1 billion in equity from investors including Abu Dhabi’s MGX fund, reports Bloomberg, citing people familiar with the matter. Mistral is also talking to French lenders like Bpifrance SACA to raise hundreds of millions of euros in debt, per Bloomberg. TechCrunch has reached out to Mistral for comment. Mistral, makers of the Le Chat chatbot, is one of the most significant players in the European AI landscape with a focus on open-wei

SpaceX in talks to raise new funding at $400B valuation

In Brief SpaceX is looking to raise fresh capital by selling new shares to insiders in a deal that would boost its valuation to around $400 billion, according to reporting from Bloomberg. The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors, anonymous sources told Bloomberg. SpaceX typically holds tender offers twice per year. SpaceX’s valuation has steadily climbed si

Waymo to begin testing in Philadelphia with safety drivers behind the wheel

Waymo said it will begin testing in Philadelphia, with a limited fleet of vehicles and human safety drivers behind the wheel. "This city is a National Treasure," Waymo wrote in a post on X on Monday. "It's a city of love, where eagles fly with a gritty spirit and cheese that spreads and cheese that steaks. Our road trip continues to Philly next." The Alphabet -owned company confirmed to CNBC that it will be testing in Pennsylvania's largest city through the fall, adding that the initial flee

Drive Capital’s second act — how the Columbus venture firm found success after a split

The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder split that could have ended the firm but may have ultimately strengthened it. At a minimum, Drive achieved something newsworthy in today’s venture lan

At least 36 new tech unicorns were minted in 2025 so far

With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies like Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups who are now w

Tesla Fans Rage Against Elon Musk as They Lose Money on Polymarket After Doing Exactly What He Told Them to Do

Elon Musk's fanboys are furious at the billionaire for giving them bad betting advice on Polymarket. Back when there was still a slight chance that Tesla might pull off a public Robotaxi launch by the end of June, the multi-hyphenate billionaire prognosticated on X-formerly-Twitter that betting against the haters on the crypto-based prediction platform would be a "money-making opportunity." Obviously, that didn't happen — the program remains glitchy and not open to the public — and now that th

Drive Capital’s second act –  how the Columbus venture firm found success after a split

The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder split that could have ended the firm but may have ultimately strengthened it. At a minimum, Drive achieved something newsworthy in today’s venture lan

Inside India’s scramble for AI independence

Nonetheless, a small but determined group of Indian builders is starting to shape the country’s AI future. For example, Sarvam AI has created OpenHathi-Hi-v0.1, an open-source Hindi language model that shows the Indian AI field’s growing ability to address the country’s vast linguistic diversity. The model, built on Meta’s Llama 2 architecture, was trained on 40 billion tokens of Hindi and related Indian-language content, making it one of the largest open-source Hindi models available to date.

IPO market gets boost from Circle's 500% surge, sparking optimism that drought may be ending

Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company's IPO, in New York City, U.S., June 5, 2025. NYSE For over three years, venture capital firms have been waiting for this moment. Tech IPOs came to a virtual standstill in early 2022 due to soaring inflation and rising interest rates, while big acquisitions were mostly of