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Affirm stock surges 20% as CEO Levchin notes continued consumer strength

cnbc.com Mackenzie Sigalos 2025-10-19 09:42:47

Affirm stock popped 20% Friday after the buy now, pay later firm beat Wall Street's expectations across the board in its fiscal fourth-quarter results. The stock was already up 31% this year heading into the report, outpacing the Nasdaq's 12% gain. Earnings came in at 20 cents a share and nearly doubled analyst expectations, with revenue also topping estimates at $876 million, up 33% from a year earlier. Net income was $69.2 million for the quarter, compared with a loss of $45.1 million in the

Topics: 20 firm million quarter year

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Vocal Image is using AI to help people communicate better

techcrunch.com Anna Heim 2025-10-19 19:34:00

With 4 million app downloads, Estonia-based startup Vocal Image aims to help people improve their voice and communication skills with AI-powered coaching. But out of its 160,000 active users, it may be its CEO, Nick Lahoika, who best embodies its mission. Lahoika was born in Belarus, didn’t speak English until his relocation to Estonia, and once struggled with speaking anxiety. Yet, he went on to “win a lot of pitch competitions” on behalf of the voice coaching startup, which was inspired by hi

Topics: image lahoika million startup vocal

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Affirm's stock soars 15% on earnings, revenue beat

cnbc.com Jennifer Elias 2025-10-20 01:27:07

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Affirm shares rose 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here's how the company did versus LSEG consensus estimates: EPS: 20 cents vs. 11 cents estimated 20 c

Topics: affirm cents million revenue year

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Are OpenAI and Anthropic losing money on inference?

news.ycombinator.com Unknown 2025-10-20 13:15:22

I keep hearing what a cash incinerator AI is, especially around inference. While it seems reasonable on the surface, I've often been wary of these kind of claims, so I decided to do some digging. I haven't seen anyone really try to deconstruct the costs in running inference at scale and the economics really interest me. This is really napkin math. I don't have any experience at running frontier models at scale, but I do know a lot about the costs and economics of running very high throughput s

Topics: costs input million output tokens

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Figma-Killer Framer Valued at $2B in New Funding Round as No-Code Heats Up

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-21 04:58:18

Framer, a Dutch company specializing in tools for automating web design, has secured a $100 million funding round that values the startup at $2 billion. The investment was led by existing backers Meritech Capital Partners and Atomico, according to a statement released Thursday. The massive capital infusion positions it to take on its largest rival, Figma, which also uses a community-based model to create websites and design. It went public in 2023 and debuted on the New York Stock Exchange thi

Topics: ai design framer million startups

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Figma-Killer Framer Valued at $2B in New Funding Round As No-Code Heats Up

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-21 09:58:18

Framer, a Dutch company specializing in tools for automating web design, has secured a $100 million funding round that values the startup at $2 billion. The investment was led by existing backers Meritech Capital Partners and Atomico, according to a statement released Thursday. The massive capital infusion positions it to take on its largest rival, Figma, which also uses a community-based model to create websites and design. It went public in 2023 and debuted on the New York Stock Exchange thi

Topics: ai design framer million startups

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No-code website builder Framer reaches $2B valuation

techcrunch.com Anna Heim 2025-10-21 09:15:51

Framer, a no-code website builder that claims over half a million monthly active users, has reached a $2 billion valuation after raising a $100 million Series D funding round led by existing investors Meritech and Atomico. This double-unicorn milestone comes at a time of hype for website builders — including direct competitors like Figma, Squarespace and Wix, as well as rising ‘vibe coding’ platforms such as Cursor and Lovable. In 2023, Framer raised a $27 million Series C led by Meritech at a

Topics: company disrupt framer million techcrunch

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Are OpenAI and Anthropic Losing Money on Inference?

news.ycombinator.com Unknown 2025-10-21 09:15:22

I keep hearing what a cash incinerator AI is, especially around inference. While it seems reasonable on the surface, I've often been wary of these kind of claims, so I decided to do some digging. I haven't seen anyone really try to deconstruct the costs in running inference at scale and the economics really interest me. This is really napkin math. I don't have any experience at running frontier models at scale, but I do know a lot about the costs and economics of running very high throughput s

Topics: costs input million output tokens

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Investors are loving Lovable

techcrunch.com Rebecca Bellan 2025-10-21 13:04:06

In Brief Investors are clambering to get onto Swedish vibe-coding startup Lovable’s cap table, making unsolicited offers of investment that value the company at more than $4 billion, reports Financial Times. Lovable CEO Anton Osika isn’t currently engaging with the flurry of inbound, the Times says, which comes a few weeks after the startup announced a $200 million round at a $1.8 billion valuation in a deal led by Accel. A Lovable spokesperson told the outlet the company isn’t fundraising now

Topics: billion comes lovable million startup

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Open Source is one person

news.ycombinator.com Josh Bressers 2025-10-21 20:54:59

The Register recently published a story titled Putin on the code: DoD reportedly relies on utility written by Russian dev. They should be ashamed of this story. This poor open source developer is getting beat up now to score some internet points. It’s very upsetting. But anyway, let’s look at some receipts. If you’re not real smrt, it seems like pointing out an open source project is written by one person in a country you don’t like is a bad thing. It could be. But it also could be the softwar

Topics: million open person projects source

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More than 10 European startups became unicorns this year

techcrunch.com Anna Heim 2025-10-22 04:16:00

Funding season is about to restart in Europe after the summer lull, and if all goes well, it will be counting new unicorns in dozens — plural. While mega-rounds are less common than they were in 2021, this hasn’t prevented 12 European startups from raising rounds at valuations of more than $1 billion during the first half of 2025. As the usual caveat goes, past performance is not indicative of future results, but this bodes well for the rest of the year. Either way, this is also a good indicati

Topics: 2025 capital million series startup

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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

techcrunch.com Jagmeet Singh 2025-10-22 05:33:43

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress. Over the past decade, India has experienced a significant boom in consumer fintech, driven by transformative shifts such as the

Topics: banking customers disrupt million startup

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MongoDB stock surges 37% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-22 21:00:46

MongoDB shares skyrocketed 37% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 millio

Topics: company expected million mongodb year

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Here are the 33 US AI startups that have raised $100M or more in 2025

techcrunch.com Rebecca Szkutak 2025-10-23 09:01:57

Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will 2025 compare? With only a few weeks left in the third quarter, it looks like 2024’s momentum will continue this year. There have already been multiple billion-dollar rounds this ye

Topics: ai led million round series

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Chris Roberts hopes Squadron 42 will be “almost as big” as GTA VI next year

arstechnica.com Unknown 2025-10-23 13:05:00

The single-player Star Citizen spin-off Squadron 42 is slated to finally be in players' hands in 2026, 11 full years after its initial 2015 release target. And after all that time, Cloud Imperium Games CEO Chris Roberts says he's hopeful that the title will be received similarly to another 2026 release that happens to be possibly the most anticipated video game of all time: Grand Theft Auto VI. A recent report from France's La Presse (translated) suggests that Squadron 42's launch is being time

Topics: auto grand million theft vi

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MongoDB stock surges 30% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-24 01:44:27

MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47

Topics: company expected million mongodb year

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Assort Health nabs $50M to automate patient phone calls, sources say

techcrunch.com Marina Temkin 2025-10-24 09:08:13

Assort Health, a startup that uses AI to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three sources familiar with the deal. The latest round, which comes just four months after the company raised its $22 million Series A, was led by Lightspeed Venture Partners, these people said. The company’s AI voice agents are designed to take over high-volume, repetitive tasks like scheduling,

Topics: ai assort disrupt health million

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Okta raises forecast as CEO says economic conditions were ‘better than we thought’

cnbc.com Jordan Novet 2025-10-25 00:18:24

Okta shares rose 4% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 84 cents expected 91 cents adjusted vs. 84 cents expected Revenue: $728 million vs. $711.8 million expected Okta's revenue grew about 13% year over year in the fiscal second quarter, which ended on July 31, according to a statement. Net income

Topics: adjusted cents million okta quarter

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Tesla could have avoided that $242.5M Autopilot verdict, filings show

techcrunch.com Kirsten Korosec 2025-10-26 20:32:47

Months before a jury awarded a $242.5 million verdict against Tesla over its culpability in a 2019 fatal crash, the automaker had a chance to settle for $60 million. Instead, Tesla rejected that offer, according to new legal filings that were first reported by Reuters. The settlement proposal, which was made in May, was disclosed in a filing that requested Tesla cover legal fees for the plaintiffs in the case. Earlier this month, a jury in federal court in Miami found Tesla partly to blame f

Topics: case jury million tesla verdict

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TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro

techcrunch.com Kirsten Korosec 2025-10-28 18:05:00

Hey, all, and happy Friday! Welcome back to TechCrunch Mobility, your hub for news, analysis, and scoops around the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I was sad to have missed the Monterey Car Week this year, especially because there were a number of reveals I was interested in, including the all-electric Cadillac Opulent Velocity; the Chevrolet Corvette CX and CX.R Vision Gran Turismo concepts; and Lucid Gravity X reveal

Topics: company disrupt million startup techcrunch

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South Korean Man Arrested in $50 Million Crypto Scam

gizmodo.com Ece Yildirim 2025-10-28 19:48:32

A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with promises of 30-50% returns on investment. Authorities say the victims were paid off initially in small amounts to build trust before they started facing withdrawal limits l

Topics: crypto han million scams thai

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Cybersecurity firm Netskope files to go public on the Nasdaq

cnbc.com Samantha Subin 2025-10-29 08:40:12

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Cloud security platform Netskope will go public on the Nasdaq under the ticker symbol "NTSK," the company said in an initial public offering filing Friday. The Santa Clara, California-based company said annual recurring revenue grew 33% to $707 million, while revenues jumped 31% to about $328 million in the first half of the year. But Netskope i

Topics: company half million netskope year

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Ether surges, trading close to its record again after Powell speech teasing rate cuts

cnbc.com Tanaya Macheel 2025-10-29 20:00:27

The second-largest cryptocurrency was last higher by 12% at $4,738.91, according to Coin Metrics. Last week, ether nearly touched its 2021 all-time high of $4,866.01, before falling as low as the $4,000 level this Tuesday. The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The moves came during Powell's annual address from Jackson Hole, Wyoming. "With policy in restrictive t

Topics: ether million outflows powell week

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YouTube Music just copied one of Spotify's best features - what's new

zdnet.com Artie Beaty 2025-10-29 20:15:08

YouTube Music / Elyse Betters Picaro / ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways YouTube Music is 10, and it's introducing new features. Taste Match will work just like Spotify Blend. The music streaming service has more than 300 million tracks. YouTube Music is 10, and it's dropping some new features to celebrate. Also: How to download YouTube videos for free - 2 ways, including my favorite In a blog post about its 10th birthday, YouTube revealed

Topics: features million music new youtube

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New iPhones and iPads in Russia must ship with state-backed messaging app preinstalled

9to5mac.com Marcus Mendes 2025-10-31 08:51:33

Earlier today, the Russian government announced a new rule requiring all phones and tablets to ship with MAX, its state-backed messenger app, preinstalled. Here are the details. As reported by Reuters, starting September 1, “gadget” makers will have to include MAX among the apps that must come preinstalled. That includes phones and tablets. RuStore, the country’s domestic application store, which up to now came preinstalled on Android devices, will also have to come preinstalled on all “gadget

Topics: max million preinstalled state users

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Struggling fusion power company General Fusion gets $22M lifeline from investors

techcrunch.com Tim De Chant 2025-11-01 00:12:29

General Fusion, a Canadian nuclear fusion energy startup, announced today that it had been thrown a lifeline in the form of $22 million in fresh funding. The company had laid off at least 25% of its employees in May in a bid to shore up its stretched finances. At the same time, CEO Greg Twinney wrote an open letter pleading for funding. The additional cash will give General Fusion some breathing room, though not much. A subset of General Fusion’s existing investors ultimately ponied up for wha

Topics: capital company fusion general million

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YouTube Music celebrates 10 years with new features that help it compete with Spotify

techcrunch.com Sarah Perez 2025-11-01 08:00:00

YouTube is celebrating 10 years of its YouTube Music app on Thursday with the launch of new features that bring it closer to rival Spotify and others. The app will now include “Taste Match” playlists, which are playlists that combine multiple users’ overlapping interests, similar to Spotify Blend. The app will also start notifying users of upcoming releases, merch, and concerts, and is partnering with Bandsintown to help fans discover concerts when watching videos and Shorts on YouTube itself.

Topics: million music playlists users youtube

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Nvidia is latest investor to back AV startup Nuro in $203M funding round

techcrunch.com Kirsten Korosec 2025-11-02 00:30:00

Nvidia is among a group of new investors to back Nuro — which develops self-driving software for delivery and ride-hailing services — in a funding round that has reached $203 million. The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New investors include Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Uber, which last month said it would make a “multi-hundred-millio

Topics: disrupt investment million nuro uber

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Google to pay $30 million to settle class-action suit over children's privacy

engadget.com Unknown 2025-11-06 04:39:03

Google has reached a settlement over a lawsuit that claimed it illegally collected data from child users without parental consent through its YouTube video platform and then sent them targeted ads. The tech giant will shell out $30 million to settle the proposed class-action suit. According to Reuters , the plaintiffs' lawyers said there could be 35 million to 45 million class members. Children aged 13 or younger who watched YouTube between July 1, 2013 and April 1, 2020 could be covered. The pr

Topics: children google million settlement youtube

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TechCrunch Mobility: Ford’s big bet

techcrunch.com Kirsten Korosec 2025-11-06 18:02:00

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Ford made its big EV announcement early this week — a plan to invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs, starting with a midsize pickup truck with a base price of $30,000 that is slated to launch in 2027. Amid the prese

Topics: company just million startup techcrunch

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Latest Tech News

Affirm stock surges 20% as CEO Levchin notes continued consumer strength

Vocal Image is using AI to help people communicate better

Affirm's stock soars 15% on earnings, revenue beat

Are OpenAI and Anthropic losing money on inference?

Figma-Killer Framer Valued at $2B in New Funding Round as No-Code Heats Up

Figma-Killer Framer Valued at $2B in New Funding Round As No-Code Heats Up

No-code website builder Framer reaches $2B valuation

Are OpenAI and Anthropic Losing Money on Inference?

Investors are loving Lovable

Open Source is one person

More than 10 European startups became unicorns this year

With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

MongoDB stock surges 37% after earnings as company touts customer growth boom

Here are the 33 US AI startups that have raised $100M or more in 2025

Chris Roberts hopes Squadron 42 will be “almost as big” as GTA VI next year

MongoDB stock surges 30% after earnings as company touts customer growth boom

Assort Health nabs $50M to automate patient phone calls, sources say

Okta raises forecast as CEO says economic conditions were ‘better than we thought’

Tesla could have avoided that $242.5M Autopilot verdict, filings show

TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro

South Korean Man Arrested in $50 Million Crypto Scam

Cybersecurity firm Netskope files to go public on the Nasdaq

Ether surges, trading close to its record again after Powell speech teasing rate cuts

YouTube Music just copied one of Spotify's best features - what's new

New iPhones and iPads in Russia must ship with state-backed messaging app preinstalled

Struggling fusion power company General Fusion gets $22M lifeline from investors

YouTube Music celebrates 10 years with new features that help it compete with Spotify

Nvidia is latest investor to back AV startup Nuro in $203M funding round

Google to pay $30 million to settle class-action suit over children's privacy

TechCrunch Mobility: Ford’s big bet

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