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Someone paid $5.3 million for a piece of Mars

Add this to the list of "things that might be fun if you had a buttload of money": Someone forked over $5.3 million in a Sotheby's auction to own a piece of Mars. The Red Planet meteorite was discovered in 2023 in a remote area of the Sahara Desert in Niger. Martian meteorites of any size are incredibly rare. To get here, an asteroid first hits the Red Planet to eject material from its surface. (Sotheby's says there are only 19 Martian craters large enough to have spit out this one.) That chunk

Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep

Microsoft is building data centers as fast as it can, and that’s killing its carbon balance sheet. Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that year to remove more carbon from the atmosphere than it generates by 2030. So Microsoft has been buying massive amounts of carbon-removal credits to attempt to remedy that situation, including a newly announced purchase of 4.9 million metric tons from Vaulted Deep. Neither party disclosed the financ

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Meta appoints generative AI VP to run Threads

In Brief Meta appointed Connor Hayes, Meta’s VP of product for generative AI, to become the head of Threads, per Axios. Until now, Instagram head Adam Mosseri has been in charge of Threads. But the platform has grown into more than a side product of Instagram, necessitating additional leadership. Though Threads only launched in 2023, its mobile daily active user (DAU) numbers are fast approaching those of X, according to market intelligence provider Similarweb. Currently, Threads is averaging

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

Lovable becomes a unicorn with $200M Series A just 8 months after launch

Fast-growing Swedish AI vibe coding startup Lovable has become Europe’s latest unicorn. Only eight months since its launch, the startup has raised a $200 million Series A round led by Accel at a $1.8 billion valuation. Like Cursor and other platforms that help developers write code and build apps by harnessing the coding and reasoning abilities of large language models, Stockholm-based Lovable helps people use natural language to create websites and apps. The startup’s trajectory so far has cha

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

Trump’s Meme Coin Empire Is About to Explode With Millions of New Tokens

Millions of Trump meme coins could flood the crypto market starting this week, potentially reshaping the future of one of the most controversial cryptocurrencies in circulation. Entities affiliated with President Donald Trump now have the right to sell a large portion of the meme coin named after him, $TRUMP, starting Wednesday July 17. The move could unlock hundreds of millions of dollars in digital tokens, intensifying scrutiny over Trump’s growing involvement in crypto and raising fresh ques

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

India eyes global quantum computer push — and QpiAI is its chosen vehicle

QpiAI, an Indian startup that claims to integrate AI and quantum computing for enterprise use cases, has raised $32 million in a new funding round co-led by the Indian government as the company aims to expand its presence and develop utility-scale quantum computers for markets around the world. The Indian government’s $750 million National Quantum Mission has co-led QpiAI’s all-equity Series A round, alongside Avataar Ventures, at a post-money valuation of $162 million. The funding reflects In

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

Nvidia CEO Jensen Huang sells another $37 million worth of stock

NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025. Nvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, according to a U.S. Securities and Exchange Commission filing. The sale comes as part of a plan adopted in March for Huang to sell up to 6 mil

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

Running a million-board chess MMO in a single process

Running a million-board chess MMO in a single process How One Million Chessboards works Jun 24, 2025 One Million Chessboards is a 1000x1000 grid of chess boards. Moving a piece moves it for everyone, instantly. There are no turns, and pieces can move between boards. Loading... making some moves In the 10 days after launch, over 150,000 players made over 15,000,000 moves and hundreds of millions of queries. The game runs out of a single process that I didn’t touch over those 10 days 1. 1 Once

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

The Chainsmokers’ Mantis Ventures closes $100M third fund

In Brief Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic DJ group The Chainsmokers, has raised $100 million in commitments for its third fund. At $100 million, the firm’s newest fund is 25% larger than Mantis’s previous $80 million fund, a notable achievement at a time when many venture firms are struggling to maintain their existing fund sizes or secure new capital. Mantis has invested in B2B companies, such as cybersecurity firm Chainguar

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

Crypto super PAC Fairshake reports $141 million war chest

Fairshake, the cryptocurrency industry's most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector's growing influence as Congress takes up landmark legislation this week. The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase . Fairshake and its two affiliated PACs — Defend American

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

The Morning After: Switch 2 user accidentally banned after playing pre-owned game cards

Be extra careful where you buy your used Nintendo Switch game cards. A Switch 2 owner posted on Reddit about how their account was banned after downloading patches for a few Switch game cards they'd bought from Facebook Marketplace. The Switch 2 user contacted Nintendo support and discovered they were banned, but they provided proof of purchase and were unbanned shortly after. The Redditor said the “whole process was painless and fluid.” Nintendo Nintendo attaches unique codes to its Switch ga

Former Sequoia partner Matt Miller raises $355M for new fund — with Sequoia’s backing

Former Sequoia partner Matt Miller has already locked in $355 million for his new VC firm, Evantic, which is also backed by Sequoia, TechCrunch learned. Last December, Miller announced his departure from Sequoia after twelve years to “start [his] own fund focused on the great founders of Europe.” Despite the European focus, TechCrunch’s understanding is that Evantic will actually invest on both sides of the Atlantic, with a focus on B2B companies at the Series B and growth stages. However, its

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

Threads users still barely click links

Two years in, Threads is starting to look more and more like the most viable challenger to X. It passed 350 million monthly users earlier this year and Mark Zuckerberg has predicted it could be Meta's next billion-user app. But Threads still isn't sending much traffic to other websites, which could make the platform less appealing for creators, publishers and others whose businesses depend on non-Meta owned websites. According to Similarweb, a marketing intelligence firm, outbound referral traf

‘Superman’ Blasts Off To a Big Opening Weekend

The numbers don’t lie: a lot of people went to go see Superman this weekend. Per the Hollywood Reporter, James Gunn’s reboot of the DC hero earned an estimated $217 million in its three-day debut. Of that, $122 million came from North America, making it the first superhero movie in the territory since 2024’s Deadpool & Wolverine to cross $100 million. Compared to other DC films, it’s the brand’s first movie to cross that milestone in North America since 2022’s The Batman ($134 million), and it

UK launches £500M package to support diverse, underrepresented investors and founders

The British Business Bank, owned by the UK government, is creating a £500 million (around $674 million) economic package to help support diverse and underrepresented fund managers and founders in the country. Fifty million pounds will be set aside for female-led venture funds, which means the BBB has now committed at least £100 million (around $135 million) to supporting female-led ventures and the government’s Invest in Women Taskforce. Meanwhile, £400 million (around $539 million) will go to

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

Legendary Entertainment May Have Lionsgate in Its Acquisition Sights

Studios have been threatening to acquire each other the past couple years, and now it seems to be Legendary Entertainment’s turn. According to the Hollywood Reporter, the studio behind recent hits like A Minecraft Movie and the Dune trilogy is potentially snatching up Lionsgate, best known for the John Wick and Hunger Games series. At the moment, the two companies are considering a team up on some films, and if things go well, that’ll blossom into a “more complete offer.” There weren’t any spec

Crypto Billionaire Justin Sun Buys Another $100 Million of Trump’s Memecoin

Justin Sun, the founder of the Tron blockchain, announced this week that he had purchased yet another $100 million of Donald Trump’s memecoin, $TRUMP. Sun already owns a substantial amount of the asset. The crypto mogul also announced that the coin would soon be tradable on his blockchain. All of this is complicated by the fact that Sun still appears to be bogged down in a civil fraud case brought against him by the Securities and Exchange Commission. In 2023, the SEC launched a lawsuit against