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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

techcrunch.com Julie Bort 2025-09-14 11:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

Topics: billion capital million ramp valuation

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The Trump Phone Isn’t Just a Bad Deal, It’s a Full-On Privacy Nightmare

gizmodo.com James Pero 2025-09-14 16:00:00

Bad news, folks: we all went to sleep, woke up, and the Trump phone is still here. That means a couple of things. For one, it means the T1 phone wasn’t the result of a spicy, food-fueled fever dream or a bad batch of crazy-style mushrooms—it’s a real phone that costs real money, made by a real president, who thinks “fox in the henhouse” is an allegory for how to win bigly in the U.S. government. It also means something else depressing, and it’s got nothing to do with making America great and eve

Topics: life people phone privacy trump

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How Private Equity Killed the American Dream

wired.com Louise Matsakis 2025-09-14 16:00:00

In her new book, Bad Company: Private Equity and the Death of the American Dream, journalist and WIRED alum Megan Greenwell chronicles the devastating impacts of one of the most powerful yet poorly understood forces in modern American capitalism. Flush with cash, largely unregulated, and relentlessly focused on profit, private equity firms have quietly reshaped the US economy, taking over large chunks of industries ranging from health care to retail—often leaving financial ruin in their wake. T

Topics: companies company equity greenwell private

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In just 3 months, Ramp’s valuation jumped to $16B from $13B

techcrunch.com Julie Bort 2025-09-14 16:10:57

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

Topics: billion capital million ramp revenue

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Intel to lay off up to 20% of Intel Foundry workers

techcrunch.com Rebecca Szkutak 2025-09-14 16:50:32

In Brief Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many workers this will directly impact. Intel’s total workforce was 108,900 people as of December 2024, according to the company’s annual regulatory f

Topics: 15 company foundry intel layoffs

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Applied Intuition raises $600 million as it pushes further into defense

techcrunch.com Sean O'Kane 2025-09-14 16:58:48

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker’s growth fund Bond also participated. Applied Intuition’s raise comes just one year after it

Topics: applied autonomous company intuition vehicle

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TikTok's on the Clock -- Again. Here's What to Know if a Sale Doesn't Go Through

cnet.com See Full Bio 2025-09-14 19:35:00

It's deja vu. The federal ban on the popular social media app TikTok is set to go into effect on Thursday, June 19, after President Donald Trump extended the deadline a second time. He signed an executive order in April, giving the app 75 days to sell itself to an approved buyer after he signed a similar order in January. TikTok went dark for a short period in the US in January before that deadline extension was announced. Some outlets are reporting that Trump plans on issuing yet another exten

Topics: app deadline posts tiktok trump

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“Have we no shame?”: Trump’s NIH grant cuts appallingly illegal, judge rules

arstechnica.com Unknown 2025-09-14 19:19:05

The Trump administration has locked horns with a federal judge who ruled on Monday that more than $1 billion in DEI-fueled cuts to federal health research clearly discriminated against racial minorities and LGBTQ+ people. In what The New York Times dubbed a “damning assessment” of Trump’s motives, Judge Williams G. Young ruled from the bench that the cuts were “void and illegal,” saying it was his “duty” to immediately order funding restored. “I would be blind not to call it out,” Young said,

Topics: discrimination health racial trump young

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The first Corvette hypercar? Chevrolet’s 1,250 hp ZR1X hybrid breaks cover.

arstechnica.com Unknown 2025-09-14 20:17:04

Chevrolet provided flights from Los Angeles to Austin, Texas, and accommodation so Ars could be briefed on the new ZR1X and drive the ZR1. Ars does not accept paid editorial content. At the recent media launch of the ZR1, the most powerful Corvette ever, Chevrolet also teased an even more potent variant set to debut later this year. Dubbed the ZR1X, the latest model arrives after serious anticipation that began swirling when the eighth-gen ‘Vette switched to a mid-engine layout—and especially a

Topics: drive kph mph zr1 zr1x

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6 Tools for Tracking the Trump Administration’s Attacks on Civil Liberties

wired.com Lily Hay Newman 2025-09-13 14:00:00

In just a few months, Donald Trump’s second presidential term has drastically reshaped the United States federal government and moved to consolidate the power of the executive branch. At the behest of the president, numerous federal agencies have undertaken aggressive, invasive initiatives to crack down on immigration, police speech, investigate political opponents, curtail US public health efforts and emergency preparedness, and more. With so much happening at once, numerous organizations and

Topics: administration executive flights ice trump

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California is trying to regulate its AI giants — again

theverge.com Hayden Field 2025-09-14 20:07:48

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. Last September, all eyes were on Senate Bill 1047 as it made its way to California Governor Gavin Newsom’s desk — and died there as he vetoed the buzzy piece of legislation. SB 1047 would have required makers of all large AI models, particularly those that cost $100 million or more to train, to test them for specific dangers. A

Topics: ai companies models report risks

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Waymo is gradually expanding its borders in California

theverge.com Andrew J. Hawkins 2025-09-14 20:30:00

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. Waymo is continuing its slow and steady approach to the robotaxi business by gradually expanding its service area in the key cities of San Francisco and Los Angeles. The company said that starting June 17th, it would begin accepting passengers further south along the San Francisco Peninsula in cities like Brisbane, South S

Topics: company francisco san service waymo

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Waymo robotaxis are pushing into even more California cities

techcrunch.com Kirsten Korosec 2025-09-14 20:30:00

Waymo is expanding its robotaxi service area by another 80 square miles in Los Angeles, the San Francisco Bay Area, and Silicon Valley, the company announced Tuesday. Waymo’s commercial service area now covers more than 250 square miles across California, pushing the driverless Jaguar I-Pace vehicles into new pockets of three populous metro areas. The expansion comes a little over a week after several Waymo robotaxis were burned and vandalized during protests in Los Angeles over the Trump admin

Topics: area company la service waymo

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Reddit stock jumps after company rolls out new AI advertising tools

cnbc.com Samantha Subin 2025-09-15 00:57:06

Reddit shares popped about 7% after the social media company debuted new artificial intelligence-powered advertising tools. The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an engine called Reddit Community Intelligence, which turns "posts and comments into structured intelligence." Reddit announced a "listening tool" called Reddit Insights, which shares rea

Topics: brands called company new reddit

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AI is rapidly transforming customer experiences - here's 8x8's vision for the future of CX

zdnet.com Omer Minkara 2025-09-15 00:34:33

Just_Super/Getty Images Who says the contact center space is moving slowly? In early April, I attended 8X8's Analyst Summit 2025, where company leaders outlined their vision for transforming customer experience (CX) through an integrated, AI-enabled ecosystem. There was so much content about recent and upcoming trends that I needed to take some time to analyze the discussions before sharing this now long-overdue recap of the event. Also: 7 strategic insights business and IT leaders need for AI

Topics: 8x8 ai company cx leaders

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Why JPEGs Still Rule the Web After 30 Years

news.ycombinator.com Ernie Smith 2025-09-14 23:51:10

A version of this post originally appeared on Tedium, Ernie Smith’s newsletter, which hunts for the end of the long tail. For roughly three decades, the JPEG has been the World Wide Web’s primary image format. But it wasn’t the one the Web started with. In fact, the first mainstream graphical browser, NCSA Mosaic, didn’t initially support inline JPEG files—just inline GIFs, along with a couple of other formats forgotten to history. However, the JPEG had many advantages over the format it quickl

Topics: compression dct format image jpeg

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No Kings, Just Water

gizmodo.com Matt Novak 2025-09-15 00:10:02

It was a lovely day for a protest until the cops decided to riot. Millions took to the streets on Saturday for No Kings Day, nationwide protests in cities big and small, timed to provide counter-programming for Donald Trump’s own military parade in Washington D.C.—an embarrassing spectacle that coincided with the president’s 79th birthday. Los Angeles, the second largest city in the country, had its own No Kings protest downtown that saw tens of thousands turn out. And it was incredible to witn

Topics: people police protest trump water

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Rocket Companies Like SpaceX May Soon Pay Per Pound to Use the Sky

gizmodo.com Passant Rabie 2025-09-15 00:55:51

The skies may no longer be free for the space industry. Rocket companies like SpaceX and United Launch Alliance (ULA) may soon be required to pay a fee to support FAA oversight and airspace coordination, part of a broader effort to keep up with the growing launch industry. A budget reconciliation bill released by Senator Ted Cruz last week proposes that the Federal Aviation Administration (FAA) begin charging licensing fees to rocket companies starting next year. The collected fees would go int

Topics: budget companies faa space spacex

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Alaska Issued Its First Heat Advisory, and Only 2% of Homes Have AC

cnet.com See Full Bio 2025-09-14 23:41:21

Alaska got its first-ever heat advisory over the weekend, which is in effect until June 17. Over the last few days, temperatures in central Alaska have reached 86 degrees Fahrenheit (that's 30 Celsius). It's not as if Alaska never gets hot in the summer. However, as Jason Laney, a warning coordination meteorologist with the National Weather Service in Fairbanks, Alaska, told CNET, "The frequency with which the heat is coming up is starting to be a bit of a concern." This heat advisory seems pr

Topics: alaska fairbanks heat temperatures weather

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“Have we no shame?“: Trump’s NIH grant cuts appallingly illegal, judge rules

arstechnica.com Unknown 2025-09-15 00:19:05

The Trump administration has locked horns with a federal judge who ruled on Monday that more than $1 billion in DEI-fueled cuts to federal health research clearly discriminated against racial minorities and LGBTQ+ people. In what The New York Times dubbed a “damning assessment” of Trump’s motives, Judge Williams G. Young ruled from the bench that the cuts were “void and illegal,” saying it was his “duty” to immediately order funding restored. “I would be blind not to call it out,” Young said,

Topics: discrimination health racial trump young

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eBay and Vestiaire Collective Want an Exemption from Trump’s Tariffs

wired.com Paresh Dave 2025-09-14 20:30:00

Last month, Suzanne Smith-Darley felt fantastic. She had just bought a used Chanel handbag from a Japanese seller on eBay for $800—a steal compared to the original asking price of $1,400. About a week later an email arrived that crushed her: DHL was demanding a $142 fee for US tariffs before it would deliver the well-worn medallion tote to Smith-Darley’s Atlanta doorstep. “It goes to Japan, has a whole life, and it could be in the trash literally,” she says. “I’m willing to pick it out of the tr

Topics: items says tariffs trump used

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Govee RGBIC Floor Lamp Hits Its Record Low Price, Create 16 Million DIY Colors With This Amazon Steal

gizmodo.com Jason Coles 2025-09-15 04:40:19

Of the many benefits of modern-day life, one of the most underrated is good mood lighting. After all, we don’t have to change the light bulb just to get a new color, and nor do we have to really put much effort in at all to change the mood. The world of smart lights and RGB lighting in general, has really helped on that front. If you’re looking for a really good option, then you’ll want to make the most of this 30% discount on the Govee RGBIC Floor Lamp. This sleek-looking device can help chang

Topics: change lamp light really room

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The 560-pound Twitter sign met a fiery end in a Nevada desert

engadget.com Unknown 2025-09-15 08:50:34

Earlier this year, the 12-foot tall, 560-pound Twitter logo that used to sit atop the company's San Francisco headquarters was auctioned off for $34,000. Now, we know who bought it and what became of the sign: it was blown up in the Nevada desert as part of an elaborate stunt to promote an online marketplace app. In some ways, "Larry," as the blue Twitter bird was known to former employees, met an end that mirrors the death of the social media platform it once represented: an explosive, expensi

Topics: company deluca ditchit sign twitter

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This smart thermostat mistake may be costing you money - here's the best place to install it

zdnet.com Chris Bayer 2025-09-15 08:00:20

Maria Diaz/ZDNET Have you ever found yourself in a thermostat tug-of-war? One room feels like a sauna, another like an icebox, all while your trusty thermostat claims your home is at a perfectly average and comfortable 72 degrees? The truth is, you're probably not imagining things, and the culprit could be hanging right there on your wall. As it turns out, where your thermostat is located can make a world of difference to both your comfort and your energy bills. Also: How to disable ACR on yo

Topics: home living room temperature thermostat

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Best Air Mattresses of 2025, Tested by CNET Experts

cnet.com See Full Bio 2025-09-15 08:05:00

There are a few general things to consider when shopping for the best air mattress. Price Price is the primary criterion for most people searching for the best air mattress. A queen-size bed can cost as little as $30, while the most expensive air mattresses can cost hundreds of dollars. A higher price doesn't always mean a taller air bed, a better air mattress, better air pressure, a self-inflating mattress, a better sleeping surface, more comfort or a decent night's sleep. Inflation The bes

Topics: air bed better mattress pump

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Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

techcrunch.com Julie Bort 2025-09-15 08:00:00

Rising-star defense tech Mach Industries has announced a new $100 million round of funding at a $470 million valuation. TechCrunch first reported that this deal was in the works last month. New investor Keith Rabois from Khosla Ventures joins existing investor Geoff Lewis of Bedrock Capital to lead the round. Existing investor Sequoia also participated. The fresh funding brings the startup’s total raised to about $185 million to date. The round represents a modest step up from the company’s pr

Topics: company defense mach million new

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Trump's $499 smartphone will likely be made in China

cnbc.com Arjun Kharpal 2025-09-15 11:48:13

US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Trump is returning to the White House after attending a MAGA, Inc. dinner at the Trump National Golf Club Washington, DC. The Trump Organization's newly-announced smartphone will likely be made in China, experts say, despite claims that the device will be manufactured in the U.S. Owned by U.S. President Donald Trump, the company on Monday announced

Topics: device likely manufacturing phone trump

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OpenAI awarded $200 million US defense contract for the use of its AI models

engadget.com Unknown 2025-09-15 12:00:52

OpenAI has just launched an initiative called OpenAI For Government starting with a modest new contract. The company was awarded $200 million by the US Department of Defense (DoD) to develop "prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains," according to the DoD's website. The contract is the DoD's first with OpenAI. It will last a year and take place largely in an area that includes Washington, DC and nearby countie

Topics: billion company defense dod openai

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OpenAI and Microsoft Execs Reportedly Considering the ‘Nuclear Option’

gizmodo.com Lucas Ropek 2025-09-15 12:40:38

OpenAI and Microsoft like to present themselves as the power couple of Silicon Valley, but behind closed doors, it’s looking increasingly like a distraught and loveless marriage. The two companies, which are bound together by cash flows and an entwined product base, have been undergoing a turbulent negotiation surrounding OpenAI’s desire for a shorter leash and the opportunity to turn itself into a for-profit company. Microsoft appears to be resistant to some of those goals. Now, a new report cl

Topics: companies company journal microsoft openai

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Thieves cut fiber lines in failed copper theft, causing Spectrum outage

techspot.com Daniel Sims 2025-09-15 21:15:00

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust The big picture: Internet outages typically occur due to faulty equipment, accidents, or adverse weather conditions. Deliberate sabotage is rare, and incidents resulting from a mistaken search for copper should be even rarer. But telecoms say it's a growing problem, as a recent major incident near Los Angeles shows. Suburbs near Los Angeles suffered a widespread internet outage over Father's Day we

Topics: company copper fiber internet spectrum

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Latest Tech News

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

The Trump Phone Isn’t Just a Bad Deal, It’s a Full-On Privacy Nightmare

How Private Equity Killed the American Dream

In just 3 months, Ramp’s valuation jumped to $16B from $13B

Intel to lay off up to 20% of Intel Foundry workers

Applied Intuition raises $600 million as it pushes further into defense

TikTok's on the Clock -- Again. Here's What to Know if a Sale Doesn't Go Through

“Have we no shame?”: Trump’s NIH grant cuts appallingly illegal, judge rules

The first Corvette hypercar? Chevrolet’s 1,250 hp ZR1X hybrid breaks cover.

6 Tools for Tracking the Trump Administration’s Attacks on Civil Liberties

California is trying to regulate its AI giants — again

Waymo is gradually expanding its borders in California

Waymo robotaxis are pushing into even more California cities

Reddit stock jumps after company rolls out new AI advertising tools

AI is rapidly transforming customer experiences - here's 8x8's vision for the future of CX

Why JPEGs Still Rule the Web After 30 Years

No Kings, Just Water

Rocket Companies Like SpaceX May Soon Pay Per Pound to Use the Sky

Alaska Issued Its First Heat Advisory, and Only 2% of Homes Have AC

“Have we no shame?“: Trump’s NIH grant cuts appallingly illegal, judge rules

eBay and Vestiaire Collective Want an Exemption from Trump’s Tariffs

Govee RGBIC Floor Lamp Hits Its Record Low Price, Create 16 Million DIY Colors With This Amazon Steal

The 560-pound Twitter sign met a fiery end in a Nevada desert

This smart thermostat mistake may be costing you money - here's the best place to install it

Best Air Mattresses of 2025, Tested by CNET Experts

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Trump's $499 smartphone will likely be made in China

OpenAI awarded $200 million US defense contract for the use of its AI models

OpenAI and Microsoft Execs Reportedly Considering the ‘Nuclear Option’

Thieves cut fiber lines in failed copper theft, causing Spectrum outage

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