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Transit software startup Via confidentially files for an IPO

Via, the transit software startup that garnered attention for its consumer-facing on-demand shuttle service, said it has filed confidentially for an initial public offering. Via has been batting around plans for an IPO for years. The company filed confidentially for an IPO in 2021, but never took the next official and regulatory steps to enter the public markets. Now, the company says it’s ready. Its status as a confidential filing, however, leaves lots of missing details, including the number

Faraday Future faces potential SEC enforcement action after three-year probe

The Securities and Exchange Commission (SEC) has sent letters to Faraday Future founder Jia Yueting and president Jerry Wang, alerting them that they may soon face enforcement actions from the agency as the result of a three-year fraud investigation. The letters, known as “Wells Notices,” state that the commission’s staff has made an internal determination to recommend an enforcement action against the electric vehicle company, the two executives, and two former employees who weren’t named, acc

UK retail giant Co-op confirms hackers stole all 6.5 million customer records

The chief executive of U.K. retail conglomerate the Co-op on Wednesday said that hackers had stolen the personal data of all of the company’s customers during an April cyberattack. Co-op Group CEO Shirine Khoury-Haq told BBC News that the hackers copied the company’s member list of 6.5 million members, but that the Co-op shut down its network before the hackers could lock up its systems with ransomware. The members’ data includes names, addresses, and contact information. The retailer’s netwo

Thinking Machines Lab Raises a Record $2 Billion, Announces Cofounders

Thinking Machines Lab, an artificial intelligence company founded by top researchers who fled OpenAI, has raised a record $2 billion seed round that values the fledgling firm at $12 billion. The funding round was led by Andreessen Horowitz and included Nvidia, Accel, Cisco, and AMD—among others. The mammoth investment reflects the ultracompetitive race to build advanced AI systems, as well as the premium placed on top AI talent. It is the largest seed funding round in history. Thinking Machine

A former OpenAI engineer describes what it’s really like to work there

Three weeks ago, an engineer named Calvin French-Owen, who worked on one of OpenAI’s most promising new products, resigned from the company. He just published a fascinating blog post on what it was like to work there for a year, including the sleepless sprint to build Codex. That’s OpenAI’s new coding agent that competes with tools like Cursor and Anthropic’s Claude Code. French-Owen said he didn’t leave because of any “drama,” but because he wants to get back to being a startup founder. He wa

Analogue says its delayed N64 remake console will start shipping next month

US tariffs continue to cause problems and supply issues in the gaming space. The latest to feel the effects is Analogue. The company announced today that its Analogue 3D, a modern remake of the Nintendo 64 console, will not start shipping until late August. Analogue noted that "last week's sudden tariffs" were the reason for this change. "We’re absorbing the costs—your preorder price stays the same. No additional charges," the company said in a post on X. This isn't the first time the highly a

Meta shareholders look to haul CEO Mark Zuckerberg, Sheryl Sandberg to court

Mark Zuckerberg is slated to make yet another high-stakes courtroom appearance this week as shareholders seek to hold him accountable for the more than $8 billion that Meta has spent to settle lawsuits over privacy violations. The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives personally liable for the billions the company spent to resolve allegations that it failed to safeguard user data. Sh

Laid off Candy Crush studio staff reportedly replaced by the AI tools they helped build

Microsoft’s extensive gaming portfolio was hit hard by sweeping layoffs earlier this month. The situation appears to have been particularly galling for staff at Candy Crush developer King who are reportedly set to be replaced by AI tools they worked on. Multiple anonymous sources have told MobileGamer.biz that a number of narrative, UX, level design and user research staffers at King have spent several years helping to build and train AI models that can do their jobs more quickly. Those same em

Analogue’s 4K N64 has been delayed again, but only by a month

The Analogue 3D has been hit with another delay, but should still be launching this summer. In an update on its preorder website, Analogue explained that it’s modern take on the Nintendo 64 “is now shipping in late August 2025,” after previously aiming for July. The company said in a separate statement that the decision was made due to the ever-changing situation around US tariffs. “Following last week’s sudden tariff changes, Analogue 3D will now begin shipping next month,” the company explain

Reflections on OpenAI

I left OpenAI three weeks ago. I had joined the company back in May 2024. I wanted to share my reflections because there's a lot of smoke and noise around what OpenAI is doing, but not a lot of first-hand accounts of what the culture of working there actually feels like. Nabeel Quereshi has an amazing post called Reflections on Palantir, where he ruminates on what made Palantir special. I wanted to do the same for OpenAI while it's fresh in my mind. You won't find any trade secrets here, more

Elon Musk Is Moving Money Between His Companies in a Sketchy Way

Tesla CEO Elon Musk announced over the weekend that shareholders of his EV maker Tesla will vote on whether to invest in his own artificial intelligence firm xAI. In other words, the mercurial billionaire is orchestrating a potentially massive shift in funds to prop up his cash-burning — and gas-burning — AI startup, the flagship product of which is the troubled chatbot Grok. In March, Musk merged xAI with his social media platform X, which had previously seen an advertiser exodus triggered by

Uber is close to completing its quest to become the ultimate robotaxi app

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse. Uber and Baidu said they are teaming up to deploy robotaxis in countries outside the US and China, with an initial

Mistral releases Voxtral, its first open source AI audio model

As AI systems become more capable, speech is fast becoming the default way we communicate with machines. French AI startup Mistral has jumped into the audio race with its first open model, aiming to challenge the dominance of walled-off corporate systems with open-weight alternatives. On Tuesday, Mistral announced the release of Voxtral, its first family of audio models aimed at businesses. The company is pitching Voxtral as the first open model that’s capable of deploying “truly usable speech

Mark Zuckerberg Interview Derailed After His Audio Doesn’t Work

The debut episode of The Information’s video podcast suffered a serious setback this week after an interview with Meta CEO Mark Zuckerberg had to be paused because the podcasters couldn’t get the interviewee’s audio to work. The Information, which routinely publishes scoops involving the tech industry, launched TITV this week—an Amazon-sponsored live video program that the outlet describes as “first in tech news and analysis from the people that break and shape the story.” A key part of the fi

xAI says it has fixed Grok 4’s problematic responses

When xAI launched Grok 4 last week, the company claimed the large language model outperformed several competitors on different benchmarks. But the Grok account on X that runs off the model immediately showed there were some major issues: it started saying its surname was “Hitler”, tweeted antisemitic messages, and seemed to reference Elon Musk’s posts when asked about controversial topics, siding with the xAI owner’s views as a result. xAI soon afterwards apologized for Grok’s behavior. On Tue

NVIDIA says it can resume selling key AI chips to China

NVIDIA will be able to start selling its H20 AI GPU to China again soon after gaining approval to do so from the US government, the company announced in a blog post. Earlier this year, the company was blocked from selling the H20 to China over concerns it could aid the nation's military. "NVIDIA is filing applications to sell the H20 GPU again. The US government has assured NVIDIA that licenses will be granted and NVIDIA hopes to start deliveries soon," the article states. The company also anno

The Commodore 64 Is Back—and More Gamer-Fueled Than Ever With a Transparent RGB Case

The Commodore 64 deserves to have a happy ending it never got in life. You’ve likely seen at least one of those rounded beige rectangles sitting prone and forlorn in some office or forgotten attic. For those who loved their age-old home computer, the big blocky keyboard is back, and for $300 you can get what may be the most accurate recreation of the classic computer, no software emulation required. At least, it will be when the company manages to finalize the operating system and produce all th

NZXT Discount Codes: 50% Off

NZXT has been a household name in the world of PC gaming for years now, much thanks to its PC cases. The company’s cases are known for their clean and highly aesthetic design, marketed toward gamers that really care about how their system looks. That’s been NZXT’s jam, even as it has moved into other parts and peripherals in the PC gaming ecosystem. So, if you’re looking for an NZXT discount code or information on promos and deals, you’ve come to the right place. Score 50% Off PCs With NZXT Dis

Tesla finally enters India — nine years after Elon Musk first teased its debut

Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets. Tesla calls the showroom an “Experience Center” and has located it in Maker Maxity Mall in Bandra Kurla Complex, the central business district of Mumbai. The 4,000-square-foot center features the Model Y in rear-wheel drive (RWD) and long-

Trade Desk's stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition

Jeff Green, Founder, CEO, and Chairman, The Trade Desk and Andrew Wallenstein, Variety Intelligence Platform, President and Chief Media Analyst speak onstage at "Advertising’s New Normal: Unifying Streaming and Identity in 2023" during the Variety Entertainment Summit at CES at the Aria Resort & Casino on January 06, 2023 in Las Vegas, Nevada. Shares of The Trade Desk jumped 14% in extended trading on Monday, as the digital advertising company is set to join the S&P 500. S&P Global announced t

Meta says it's cracking down on Facebook creators who steal content

Meta is going after creators who rip off other users' content as part of a broader effort to fix Facebook's feed. In its latest update, the company laid out new steps it's taking to penalize accounts that lift work from others. In a blog post for creators, Meta says that accounts that "repeatedly" and "improperly" reuse other accounts' text posts, photos or videos will have their pages demonetized "for a period of time." Meta willa also throttle all of their posts, not just the ones with the of

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

Tesla’s Autopilot is under scrutiny in a rare jury trial

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Tesla is on trial in Miami today in a case that accuses Elon Musk’s company of liability in a fatal crash involving Autopilot. The driver-assist system has come under scrutiny in the past for a number of fatal incidents, but Tesla has only rarely faced a jury trial over the question of whether Autopilot was at fault for som

Rocket Lab stock jumps 8%, building on strong two-month rally

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab stock soared 8% Monday, building on a strong run fueled by space innovation. Shares of the space infrastructure company have nearly doubled over the last two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024. Last month, Rocket Lab announced a partnership with the European Space Agency to la

Musk says he does not support a merger between Tesla and xAI but backs investment

Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company. X account @BullStreetBets_ posted an open question to Tesla investors on the social media site asking if they support a merger between Tesla and xAI. Musk responded with "No." The statement comes as the tech billionaire contemplates the future relationship and possible integration between his multiple busines

A Donkey Kong movie is a safe bet for Nintendo’s growing entertainment empire

It’s looking like Nintendo might have a DK-sized addition to its feature film lineup. The company has filed a copyright notice for a motion picture listed as an “Untitled Donkey Kong Project.” And last month, Nintendo president Shuntaro Furukawa said in an investors call that the company was working on more movies, explaining that “although we cannot discuss our plans beyond The Legend of Zelda movie at this time, we are working on various other projects.” So even though a Donkey Kong movie isn’

Discord’s virtual reward, ‘Orbs,’ launches out of beta

After announcing in late May that the platform would be experimenting with a new virtual reward system, Discord is now launching it to the public. The aim of the rewards, called Orbs, is to get people to click on more interactive ads. Users earn Orbs after completing Quests, which involve interacting with ads for products or games to get virtual items. Users can redeem Orbs for digital items in Discord’s Shop, like a three-day Nitro credit, an Orb-themed profile badge, profile effects, avatar d

Dyson Reveals Its Futuristic Farming Vision

Dyson, a company best known for its vacuums and hair dryers, unveiled a new circular farm design featuring rows of strawberry plants that rotate to share sunlight, robots that do everything from harvesting to releasing helpful insects, and sensors to help farmers keep an eye on things. The company is also getting into the renewable energy game. Check out the video in this article to find out how it all connects and what it could mean for the future of food.

Hypercapitalism and the AI talent wars

Meta’s multi-hundred million dollar comp offers and Google’s multi-billion dollar Character AI and Windsurf deals signal that we are in a crazy AI talent bubble. The talent mania could fizzle out as the winners and losers of the AI war emerge, but it represents a new normal for the foreseeable future. If the top 1% of companies drive the majority of VC returns, why shouldn’t the same apply to talent? Our natural egalitarian bias makes this unpalatable to accept, but the 10x engineer meme doesn’

Dyson Reveals Futuristic Farming Vision

Dyson, a company best known for its vacuums and hair dryers, unveiled a new circular farm design featuring rows of strawberry plants that rotate to share sunlight, robots that do everything from harvesting to releasing helpful insects, and sensors to help farmers keep an eye on things. The company is also getting into the renewable energy game. Check out the video in this article to find out how it all connects and what it could mean for the future of food.