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

cnbc.com Tanaya Macheel 2025-09-28 19:50:39

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 2025-09-28 19:49:30

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 2025-09-29 07:00:00

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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Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-29 19:58:31

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday The company priced the offering above its expected range of $24 to $26, valuing the company at $3.3 billio

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Klarna IPO and ASML's Mistral bet revive Europe's tech dreams

cnbc.com Ryan Browne 2025-09-30 05:32:58

Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives a thumbs up during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters LONDON — It's been a busy week for the European technology sector. On Tuesday, London-headquartered artificial intelligence startup ElevenLabs announced it would let employees sell shares in a secondary round that doubles its valuation to $6.6 billion. Then, Dutch chip firm ASML on Wedn

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Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

cnbc.com Tanaya Macheel 2025-09-30 03:02:15

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its initial public offering at $28 per share late Thursday, according to Bloomberg. A person familiar with the offering told the news service that the company priced

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Microsoft and OpenAI have a new deal that could clear the way for an IPO

theverge.com Richard Lawler 2025-09-30 07:00:03

is a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several years covering news at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. As OpenAI attempts to restructure itself and eventually go public, a hurdle for the startup, recently valued at $500 billion, is its increasingly complicated partnership with Microsoft. On Thursday afternoon, the two companies released this joint state

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Adobe's stock gains on earnings, revenue beat

cnbc.com Jordan Novet 2025-09-30 19:22:12

An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. Adobe reported fiscal third-quarter results that topped analysts' estimates. The design software maker's shares rose in extended trading. Here's how the company did in comparison with LSEG consensus: Earnings per share: $5.31 adjusted vs. $5.18 expected $5.31 adjusted vs. $5.18 expected Revenue: $5.99 billion vs. $5.91 billion expected Revenue increased 11% from $5.41 billion a

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IDC: Apple gained wearables market share, but sales lagged behind competitors during Q2

9to5mac.com Marcus Mendes 2025-09-30 19:03:11

IDC’s report on worldwide “wrist-worn” devices for the second quarter of 2025 is out, and it shows mixed results for the Apple Watch. Here is the breakdown. Xiaomi leads in growth, while Samsung lags behind During the second quarter last year, IDC determined that Apple had shipped 5.7 million Apple Watch units, falling closely behind Xiaomi’s 5.9 million shipped units and further behind Huawei’s 8.9 million. That difference was mirrored in market share as well, with Huawei taking the top spot

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House Bill Could Rescue Some of NASA’s Most Important Space Projects

gizmodo.com Passant Rabie 2025-10-01 15:30:42

The U.S. House Appropriations Committee on Wednesday expressed support for several NASA missions that currently sit on the chopping block as a result of the administration’s 2026 budget proposal. While the committee did not specifically allocate more money to these missions, the support breathes new life into planetary science efforts that have been years in the making. The House committee met to discuss the commerce, justice, and science budget bill, which allocates funding to federal agencies

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Perplexity reportedly raised $200M at $20B valuation

techcrunch.com Marina Temkin 2025-10-02 14:59:10

In Brief Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg’s July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBoo

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OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

theverge.com Elissa Welle 2025-10-02 15:01:10

is a NYC-based AI reporter and is currently supported by the Tarbell Center for AI Journalism. She covers AI companies, policies, and products. Posts from this author will be added to your daily email digest and your homepage feed. OpenAI and Oracle signed a deal “to purchase $300 billion in computing power over roughly five years,” one of the largest cloud computing deals ever, reports the Wall Street Journal. In July, the two companies revealed their partnership to build data centers worth

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Replit hits $3B valuation on $150M annualized revenue

techcrunch.com Julie Bort 2025-10-02 08:54:48

In Brief Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya O

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Oracle stock gains 36% to post best day since 1992, adding $244 billion in value

cnbc.com Ashley Capoot Chris Eudaily 2025-10-03 03:28:43

Oracle stock roared 35.95% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company to a historic gain. The cloud giant posted an all-time high and had its best day since 1992. Oracle gained $244 billion in market cap and is now at $922 billion. The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben

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Larry Ellison is $100 billion richer after blowout Oracle earnings report

cnbc.com Jordan Novet 2025-10-03 03:24:37

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendant

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Oracle stock booms 35%, on pace for best day since 1992

cnbc.com Ashley Capoot Chris Eudaily 2025-10-03 11:58:46

Oracle stock roared 35% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now over $900 billion. The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle w

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Elon Musk Was Just Unseated as the World’s Richest Person

gizmodo.com Ece Yildirim 2025-10-03 13:18:01

Oracle Chairman Larry Ellison is having a good morning. Oracle’s stock is up more than 42% on Wednesday, thanks to an earnings call on Tuesday that left investors stunned. The company missed earnings and revenue estimates, but the forward looking guidance alone was apparently good enough to get investors to rally around it. A bulk of that reaction had to do with the revenue that AI computing demand was expected to bring to Oracle’s cloud infrastructure service. The shares skyrocketed in respo

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Larry Ellison usurps Elon Musk as the world’s richest person

theverge.com Emma Roth 2025-10-03 19:29:12

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Elon Musk can no longer claim the title of the world’s richest man — at least for the time being. The net worth of Oracle CTO and co-founder, Larry Ellison, ballooned by $101 billion on Wednesday morning, bringing his total fortune to $393 billion, according to

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Replit hits $3B valuation on $150 million annualized revenue

techcrunch.com Julie Bort 2025-10-03 19:54:48

Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya Odeh, says

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Larry Ellison is $110 billion richer after blowout Oracle earnings report

cnbc.com Jordan Novet 2025-10-03 23:53:20

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendant

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Oracle stock booms 40%, on pace for best day since 1992

cnbc.com Chris Eudaily 2025-10-04 07:50:24

Oracle stock roared 40% higher Wednesday, after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now at $950 billion. The company said it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes,

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California’s High-Speed Rail Fiasco Keeps Getting Worse

gizmodo.com Benton Graham 2025-10-04 07:35:07

Seventeen years ago, Californians bet on a grand vision of the future. They narrowly approved a $10 billion bond issue to build a high-speed rail line that would zip between San Francisco and Los Angeles in under three hours. This technological marvel would slash emissions, revitalize the state’s Central Valley, and, with some financial help from the feds and private sector, provide the fast, efficient, and convenient travel Asia and Europe have long enjoyed. State officials promised to deliver

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Oracle soars 30% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-04 11:31:27

Oracle shares spiked 30 % Wednesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug. 31, according to a s

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Klarna prices IPO at $40, above online lender's expected range

cnbc.com Ryan Browne 2025-10-04 19:46:58

Klarna is synonymous with the "buy now, pay later" trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments. Online lender Klarna priced its IPO at $40 per share on Tuesday, above its expected range, in a deal that values the Swedish company at about $15 billion. Klarna, known for its popular buy now, pay later products, said it raised $1.37 billion for the company and existing shareholders, who are looking to exit a portion

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'We're all kind of in shock.' Oracle's revenue projections leave analysts slack-jawed

cnbc.com Ari Levy 2025-10-04 19:51:37

Oracle Chair and Chief Technology Officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019. John DiFucci from Guggenheim Securities said he was "blown away." TD Cowen's Derrick Wood called it a "momentous quarter." And Brad Zelnick of Deutsche Bank said, "We're all kind of in shock, in a very good way." That's how the analysts opened their comments and questions during Oracle's quarterly earnings call on Tuesday, as the company's stock price was in the

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Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate

techcrunch.com Marina Temkin 2025-10-04 20:36:51

Mercor, a startup that connects companies like OpenAI and Meta with domain experts needed to train and refine their foundational AI models, is in discussions with investors for a Series C round, according to a marketing document viewed by TechCrunch and two sources familiar with the deal talks. Felicis, a returning investor, is considering doubling down on the company for the Series C, according to two sources. Felicis declined to comment. The company is currently targeting a valuation of $10

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Oracle pops 27% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-05 07:48:54

Oracle shares spiked 27% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected $1.47 adjusted vs. $1.48 expected Revenue: $14.93 billion vs. $15.04 billion expected Revenue increased 12% from $13.3 billion a year earlier during the quarter, which ended on Aug.

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Nebius stock soars nearly 50% on Microsoft AI deal

cnbc.com Ryan Browne 2025-10-05 11:02:19

Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Shares of artificial intelligence infrastructure firm Nebius Group soared nearly 50% Tuesday, a day after the company disclosed a multi-billion-dollar deal with Microsoft . The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth up to $19.4 billion to provide cloud computing power for AI workloads. Nebius, which w

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Oracle pops 22% on cloud growth projections even as earnings miss estimates

cnbc.com Jordan Novet 2025-10-05 11:51:35

Oracle CEO Safra Catz, center, speaks during a dinner at the White House in Washington on Sept. 4, 2025. President Donald Trump hosted technology and business leaders for dinner after they joined First Lady Melania Trump's meeting of the Artificial Intelligence Education Task Force at the White House. Oracle shares spiked 22% in extended trading on Tuesday after the database software maker indicated hefty growth prospects due to new cloud contracts, even as earnings and revenue missed estimates

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Apple barely talked about AI at its big iPhone 17 event

news.ycombinator.com Hayden Field 2025-10-05 10:54:23

is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. Apple’s hotly-anticipated Apple event was chock-full of news about updates to AirPods, the Apple Watch, the new suite of iPhones, and more. But during the one-hour-and-fifteen-minute presentation, which was considerably shorter than usual, there was one notable buzzword missing from a good chunk of the fanfare: AI. Although CEO

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Latest Tech News

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

Winklevoss-founded Gemini prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Klarna IPO and ASML's Mistral bet revive Europe's tech dreams

Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion

Microsoft and OpenAI have a new deal that could clear the way for an IPO

Adobe's stock gains on earnings, revenue beat

IDC: Apple gained wearables market share, but sales lagged behind competitors during Q2

House Bill Could Rescue Some of NASA’s Most Important Space Projects

Perplexity reportedly raised $200M at $20B valuation

OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

Replit hits $3B valuation on $150M annualized revenue

Oracle stock gains 36% to post best day since 1992, adding $244 billion in value

Larry Ellison is $100 billion richer after blowout Oracle earnings report

Oracle stock booms 35%, on pace for best day since 1992

Elon Musk Was Just Unseated as the World’s Richest Person

Larry Ellison usurps Elon Musk as the world’s richest person

Replit hits $3B valuation on $150 million annualized revenue

Larry Ellison is $110 billion richer after blowout Oracle earnings report

Oracle stock booms 40%, on pace for best day since 1992

California’s High-Speed Rail Fiasco Keeps Getting Worse

Oracle soars 30% on cloud growth projections even as earnings miss estimates

Klarna prices IPO at $40, above online lender's expected range

'We're all kind of in shock.' Oracle's revenue projections leave analysts slack-jawed

Sources: AI training startup Mercor eyes $10B+ valuation on $450 million run rate

Oracle pops 27% on cloud growth projections even as earnings miss estimates

Nebius stock soars nearly 50% on Microsoft AI deal

Oracle pops 22% on cloud growth projections even as earnings miss estimates

Apple barely talked about AI at its big iPhone 17 event

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