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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

cnbc.com Ryan Browne 2025-09-18 16:55:05

LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed. DoorDash announced its deal to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion). "I have decided that now is the right time for me to step down,

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Nvidia invests $5 billion into Intel to jointly develop PC and data center chips

theverge.com Tom Warren 2025-09-19 02:37:15

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Nvidia is throwing Intel a $5 billion life raft, just weeks after similar stakes from the US government and SoftBank. Nvidia is investing $5 billion in Intel common stock in a collaboration that will see the pair “jointly develop multiple generations of custom data center and PC products.”

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Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

techcrunch.com Julie Bort 2025-09-19 05:51:42

AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation. Groq, which also sells data center computing power, previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about

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Jaguar Land Rover to pause production for third week due to cyberattack

techcrunch.com Lorenzo Franceschi-Bicchierai 2025-09-20 09:44:14

In Brief Luxury car-maker Jaguar Land Rover said Tuesday it will not resume vehicle manufacturing operations until at least September 24 due to a cyberattack earlier this month. In a new statement, the company said it informed colleagues, suppliers, and partners that the halt in production will extend into its third week. The company said this was due to “the controlled restart of our global operations, which will take time,” the company wrote. Laura Savvas, a spokesperson for Jaguar Land Ro

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StubHub prices IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-21 08:18:28

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub priced its IPO at $23.50, in a share sale that values the company at $8.6 billion. The pricing late Tuesday landed at the mid-point of the expected range that the company gave last week, raising $800 million. StubHub said its shares are expected to begin trading on the New York Stock Exchange on Wednesday under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, a

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Microsoft, Nvidia, other tech giants plan over $40 billion of new AI investments in UK

cnbc.com Ryan Browne 2025-09-21 08:04:41

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units (GPUs), in partnership with Nscale, a British cloud comp

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Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

techcrunch.com Jagmeet Singh 2025-09-21 10:32:17

Groww, India’s largest retail brokerage firm, is set to test the country’s public markets with a multi-billion-dollar IPO. The listing comes comes just over a year after the company restructured its corporate headquarters from Delaware back to India — a move that could make it the first Indian startup to list at home following a relocation from the U.S. Backed by Microsoft CEO Satya Nadella and marquee investors including Y Combinator, Ribbit Capital, and Tiger Global, Groww’s listing — expecte

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StubHub to price IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-21 12:57:54

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday. The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion. StubHub will trade on the New York Stock Exchange under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $

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Microsoft, Nvidia other tech giants plan over $40 billion of new AI investments in UK

cnbc.com Ryan Browne 2025-09-21 21:44:08

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units (GPUs), in partnership with Nscale, a British cloud comp

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Microsoft announces $30 billion investment in AI infrastructure, operations in UK

cnbc.com Ryan Browne 2025-09-22 05:36:59

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in artificial intelligence infrastructure in the U.K. by 2028. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units, in partnership with Nscale, a British cloud computing firm. The spending commitmen

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Microsoft trumps Google with $30 billion investment in the UK

theverge.com Tom Warren 2025-09-22 05:30:00

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Microsoft is announcing that it’s investing £22 billion (around $30 billion) in the UK to help support AI infrastructure and ongoing operations from 2025 through 2028. The investment includes $15 billion in capital expenditures to build a supercomputer to support AI demand and adoption. “T

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Jack Altman raised a new $275M early-stage fund in a mere week

techcrunch.com Julie Bort 2025-09-22 05:52:53

In Brief The Altman brothers sure have a knack for being venture capitalists. On Tuesday, this especially applied to Jack Altman, co-founder of $3 billion-valuation HR software startup Lattice and brother to OpenAI CEO Sam Altman. Jack Altman just announced a second $275 million fund for his solo-run firm Alt Capital. And from start to finish, it took him a week, he told The Wall Street Journal. His first fund, raised in early 2024, was $150 million, so this is a big step up. He used it to in

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Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

cnbc.com Samantha Subin 2025-09-22 09:23:26

Sanjay Beri, CEO and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the company revealed in a

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Gemini overtakes ChatGPT on App Store, as its Nano Banana AI model drives downloads up 45%

techcrunch.com Sarah Perez 2025-09-22 09:07:40

Gemini’s mobile adoption has been soaring since the August launch of its Nano Banana image editor model, which has received positive reviews, particularly from users who say they can now more easily perform complex edits and create realistic images. The app has climbed to the top of global app stores’ charts and has seen a 45% month-over-month increase in downloads in the month of September so far, according to new data provided by app intelligence firm Appfigures. Though the month is only half

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Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

cnbc.com Samantha Subin 2025-09-22 13:32:58

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the co

Topics: 17 billion company cybersecurity filing

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Figure reaches $39B valuation in latest funding round

techcrunch.com Rebecca Szkutak 2025-09-22 17:49:44

In Brief Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which “exceeded $1 billion,” said Figure, was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, and I

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Google to invest £5 billion in UK AI as Trump heads for state visit

cnbc.com Sam Meredith 2025-09-23 15:59:51

General view of the Google headquarters in King's Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance. Google owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.'s artificial intelligence development, just as the country prepares for U.S. President Donald Trump's state visit this week. The U.S. president is scheduled to arrive in Britain on Tuesday evening, before the pomp and pageantry gets unde

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Facebook's settlement payments are on the way - here's how much you can expect

zdnet.com Artie Beaty 2025-09-23 12:45:57

Maria Korneeva/Moment via Getty Images Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways Payments have started going out in the 2023 Facebook privacy suit. Each user who filed will get between $5 and $40. Your amount depends on how long you used the site. If you filed a claim in the $725 million Facebook privacy settlement back in 2023, your payment might be on the way. Several years ago, Facebook, its parent company Meta, and political marketing company Cambri

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Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

gizmodo.com Ece Yildirim 2025-09-24 13:25:38

On Monday, Google’s parent company, Alphabet, became the fourth company to reach a market value of $3 trillion, and every member of this exclusive club has something in common. All it took was a rather small 4% rise in shares for the tech giant to hit the coveted stock market benchmark. Rather unsurprisingly, the three previous winners of that title—Nvidia, Microsoft, and Apple—are all titans of the tech industry that have been riding the wave of investor interest in AI, as well. Alphabet stoc

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Harvard Law to AI: MarqVision lands $48M to combat brand abuse

techcrunch.com Kate Park 2025-09-25 17:00:00

When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an entrepreneur. I assumed I was set to become a lawyer; most of my family members are lawyers, and practicing law felt like a natural path,” Lee said in an exclusive intervi

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Here are five fintechs that could be next to IPO after Klarna

cnbc.com Ryan Browne 2025-09-25 23:23:52

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna's $17 billion initial public offering, investors are pondering which big fintech name will be the next to go public. Klarna popped as much as 30% on the day of its New York IPO, before settling to close aro

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Here are the five fintechs that could be next to IPO after Klarna

cnbc.com Ryan Browne 2025-09-26 02:21:03

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna's $17 billion initial public offering, investors are pondering which big fintech name will be the next to go public. Klarna popped as much as 30% on the day of its New York IPO, before settling to close aro

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The Latest ‘Demon Slayer’ Movie is Another Record-Breaking Hit

gizmodo.com Justin Carter 2025-09-25 21:15:52

Demon Slayer: Infinity Castle came to the United States this weekend, and it’s doing numbers well ahead of projections. Per the Hollywood Reporter, the film—the first of a trilogy meant to bring the shonen fantasy series to a close—made an estimated $70 million domestic, double the $35-40 million predicted by analysts. But Sony’s been aggressive with marketing it, not to mention the anime itself is pretty popular on its own. It’s the biggest opening ever for an anime film in North America, the

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Bears vs. Lions Livestream: How to Watch NFL Week 2 Online Today

cnet.com See Full Bio 2025-09-25 20:00:09

When to watch Chicago Bears vs. Detroit Lions Sunday, Sept. 14 at 1 p.m. ET (10 a.m. ET). Where to watch The Bears-Lions game will air on Fox, with Kenny Albert and Jonathan Vilma on the call. The Bears and Lions are each still searching for their first win of the season and meet in Detroit today to see who can avoid an 0-2 start. It's a homecoming for new Bears head coach Ben Johnson, who spent the last three seasons as the Lions' offensive coordinator. His top task this season is to get th

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Via shrugs off tepid open to end first day of trading slightly above IPO price

techcrunch.com Rebecca Bellan 2025-09-26 05:16:00

Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at end the day slightly higher. The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when the stock began trading Friday afternoon, and then inched back into the green to finish at just over $49. The modest gain values Via at roughly $3.9 billion a

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Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-26 09:19:17

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

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Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-26 13:36:30

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq, about 32% above where its IPO was priced at $28. At one point, shares traded as high as $45.89. The stock closed higher by 14.3%, at $32. The New York-based company priced it

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Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

cnbc.com Tanaya Macheel 2025-09-26 17:50:39

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company's IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Shares of Gemini Space Station soared as much as 40% on Friday after the exchange operator raised $425 million in an initial public offering. The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $45.89. The stock was trading up about 21% at 2:50 p.m. ET. The New York-based company priced its

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Electric vehicle sales grew 25% worldwide but just 6% in North America

arstechnica.com Unknown 2025-09-26 17:49:30

Here's some good news for a Friday afternoon: For 2025 through August, global electric vehicle sales have grown by 25 percent compared to the same eight months in 2024, according to the analysts at Rho Motion. That amounts to 12.5 million EVs, although the data combines both battery EVs and plug-in hybrid EVs for the total. However, that's for global sales. In fact, EV adoption is moving even faster in Europe, which has grown by 31 percent so far this year (Rho says that BEV sales grew by 31 pe

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I Wasn’t Sure I Wanted Anthropic to Pay Me for My Books—I Do Now

wired.com Steven Levy 2025-09-27 05:00:00

A billion dollars isn’t what it used to be—but it still focuses the mind. At least it did for me when I heard that the AI company Anthropic agreed to an at least $1.5 billion settlement for authors and publishers whose books were used to train an early version of its large language model, Claude. This came after a judge issued a summary judgement that it had pirated the books it used. The proposed agreement—which is still under scrutiny by the wary judge—would reportedly grant authors a minimum

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Latest Tech News

Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

Nvidia invests $5 billion into Intel to jointly develop PC and data center chips

Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

Jaguar Land Rover to pause production for third week due to cyberattack

StubHub prices IPO at $23.50, valuing company at $8.6 billion

Microsoft, Nvidia, other tech giants plan over $40 billion of new AI investments in UK

Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

StubHub to price IPO at $23.50, valuing company at $8.6 billion

Microsoft, Nvidia other tech giants plan over $40 billion of new AI investments in UK

Microsoft announces $30 billion investment in AI infrastructure, operations in UK

Microsoft trumps Google with $30 billion investment in the UK

Jack Altman raised a new $275M early-stage fund in a mere week

Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

Gemini overtakes ChatGPT on App Store, as its Nano Banana AI model drives downloads up 45%

Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

Figure reaches $39B valuation in latest funding round

Google to invest £5 billion in UK AI as Trump heads for state visit

Facebook's settlement payments are on the way - here's how much you can expect

Fueled by AI Hype, Google Becomes Fourth Company to Pass $3 Trillion Market Cap

Harvard Law to AI: MarqVision lands $48M to combat brand abuse

Here are five fintechs that could be next to IPO after Klarna

Here are the five fintechs that could be next to IPO after Klarna

The Latest ‘Demon Slayer’ Movie is Another Record-Breaking Hit

Bears vs. Lions Livestream: How to Watch NFL Week 2 Online Today

Via shrugs off tepid open to end first day of trading slightly above IPO price

Gemini, the Winklevoss' crypto exchange, pops more than 14% in Nasdaq debut

Gemini, the Winklevoss' crypto exchange, pops more than 17% in Nasdaq debut

Gemini, the Winklevoss' crypto exchange, pops more than 20% in Nasdaq debut

Electric vehicle sales grew 25% worldwide but just 6% in North America

I Wasn’t Sure I Wanted Anthropic to Pay Me for My Books—I Do Now

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