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Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

techcrunch.com Jagmeet Singh 2025-12-12 12:00:00

At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground, as the Central Asian nation’s homegrown unicorn, Uzum, has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Capital. The all-equity round brings the Tashkent-headquartered startup’s post-money valuation to approximately $1.5 billion — a nearly 30% jump from the $1

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AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA

techcrunch.com Tage Kene-Okafor 2025-12-12 12:45:00

When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on the call. “I’d spend my weekends uploading receipts, reconciling every expense manually.” Now, Alaan, the company he launched with fellow McKin

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Hims & Hers stock falls 10% on revenue miss

cnbc.com Ashley Capoot 2025-12-13 00:54:05

The Hers app arranged on a smartphone in New York on Feb. 12, 2025. Shares of Hims & Hers Health fell 9% in extended trading on Monday after the telehealth company reported second-quarter results that missed Wall Street's expectations for revenue. Here's how the company did based on average analysts' estimates compiled by LSEG: Earnings per share: 17 cents adjusted vs. 15 cents expected 17 cents adjusted vs. 15 cents expected Revenue: $544.8 million vs. $552 million expected Revenue at Hims

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OpenAI says ChatGPT is on track to reach 700M weekly users

techcrunch.com Ivan Mehta 2025-12-14 05:25:13

ChatGPT’s impressive growth as a consumer app continues as the chatbot is on track to hit 700 million weekly active users this week, the company says. The app had earlier reached 500 million weekly active users as of the end of March, noted Nick Turley, OpenAI VP and head of ChatGPT’s app, in a post on X. He also said the app has grown 4x since last year. “Every day, people and teams are learning, creating, and solving harder problems. Big week ahead. Grateful to the team for making ChatGPT mo

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The US military’s on-base slot machines

news.ycombinator.com Molly Longman 2025-12-14 18:50:46

When Dave Yeager stumbled upon the chamber of shiny, casino-style slot machines, he felt an instant pull. It was his first night of deployment in Seoul, South Korea, and the United States Army officer was in a bad headspace. The September 11, 2001, attacks had just happened, and he had a wife and two children under the age of 5 at home whom he missed fiercely. He felt lost. WIRED has made this article free for all to read because it is primarily based on reporting from Freedom of Information Ac

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The US Military Is Raking in Millions From On-Base Slot Machines

wired.com Molly Longman 2025-12-15 05:30:00

When Dave Yeager stumbled upon the chamber of shiny, casino-style slot machines, he felt an instant pull. It was his first night of deployment in Seoul, South Korea, and the United States Army officer was in a bad headspace. The September 11, 2001, attacks had just happened, and he had a wife and two children under the age of 5 at home whom he missed fiercely. He felt lost. WIRED has made this article free for all to read because it is primarily based on reporting from Freedom of Information Ac

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"This Will Open the Floodgates": Tesla In Trouble as Jury Orders It to Pay $329 Million After Autopilot Death

futurism.com Unknown 2025-12-13 08:58:56

Tesla just got handed one of its biggest legal blows yet — one that could have seismic implications for its future operations. On Friday, a Miami jury ruled that the Elon Musk-owned automaker's Autopilot driver assistance software was partially at fault for a horrendous collision that killed a 22-year-old woman in 2019 and severely injured her boyfriend. In total, the jury ordered Tesla to pay $329 million to the surviving family of the victims, Naibel Benavides and Dillon Angulo, including $2

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A.I. researchers are negotiating $250M pay packages

news.ycombinator.com Mike Isaac 2025-12-14 09:34:39

Mr. Zuckerberg wanted Mr. Deitke, a 24-year-old artificial intelligence researcher who had recently helped found a start-up, to join Meta’s research effort dedicated to “superintelligence,” a technology that could hypothetically exceed the human brain. The company promised him around $125 million in stock and cash over four years if he came aboard. The offer was not enough to lure Mr. Deitke, who wanted to stick with his start-up, two people with knowledge of the talks said. He turned Mr. Zucke

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Why Exercise Is a Miracle Drug

news.ycombinator.com Derek Thompson 2025-12-14 21:02:16

Welcome back to The Sunday Morning Post, this newsletter’s weekly rundown of the most interesting and important stuff I’m seeing in science, technology, economics, and beyond. Comments are open. Leave tips, papers, studies, tweets, posts, questions, and graphs in the comments, if you think they’ll serve for future editions. We’re Never Going to Invent a Drug That’s Better Than Exercise Euan Ashley has claimed that exercise is the “single most potent medical invention” ever—more broadly effecti

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Venture firm CRV raises $750M, downsizing after returning capital to investors

techcrunch.com Marina Temkin 2025-12-15 00:22:03

CRV has secured $750 million toward the 55-year-old venture firm’s twentieth flagship fund, it announced on Friday. The new fund is smaller than the $1 billion early-stage fund CRV closed in the fall of 2022. At that time, the firm also announced a $500 million second Select fund, a capital pool for backing late-stage rounds of existing portfolio companies. It’s no surprise that CRV is not raising a late-stage fund as part of its new fundraise. Last year, the firm told The New York Times it wa

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At $250 million, top AI salaries dwarf those of the Manhattan Project and the Space Race

arstechnica.com Unknown 2025-12-15 10:23:42

Silicon Valley's AI talent war just reached a compensation milestone that makes even the most legendary scientific achievements of the past look financially modest. When Meta recently offered AI researcher Matt Deitke $250 million over four years (an average of $62.5 million per year)—with potentially $100 million in the first year alone—it shattered every historical precedent for scientific and technical compensation we can find on record. That includes salaries during the development of major

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Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says

cnbc.com Lora Kolodny 2025-12-15 15:48:28

Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages. Tesla's payout is based on $129 million in compensatory damages, and $200 million in punitive damages against the company. The jury determined Tesla should be held 33% responsible for the fatal cras

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Tesla must pay portion of $329M damages after fatal Autopilot crash, jury says

news.ycombinator.com Lora Kolodny 2025-12-15 12:28:53

Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas. A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages. Tesla's payout is based on $129 million in compensatory damages, and $200 million in punitive damages against the company. The jury determined Tesla should be held 33% responsible for the fatal cras

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Tesla must pay $329 million in damages after fatal Autopilot crash, jury says

cnbc.com Lora Kolodny 2025-12-16 00:35:34

A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The payout includes $129 million in compensatory damages, and $200 million in punitive damages against Tesla. Attorneys for the plaintiffs had asked the jury to award damages of around $345 million. The trial in the Southern District of Florida started on July 14. The suit centered around who sho

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Tesla must pay $329M in damages in fatal Autopilot case, jury says

news.ycombinator.com Lora Kolodny 2025-12-16 00:28:53

A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor damages of $329 million. The payout includes $129 million in compensatory damages, and $200 million in punitive damages against Tesla. Attorneys for the plaintiffs had asked the jury to award damages of around $345 million. The trial in the Southern District of Florida started on July 14. The suit centered around who sho

Topics: autopilot damages driving million tesla

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Nintendo revenue doubles as Switch 2 sales top 5.8 million units

techspot.com Shawn Knight 2025-12-16 10:39:00

What just happened? Nintendo has a hit with its new Switch 2 console, and now it has the numbers to prove it. For the first quarter of the fiscal year ending March 2026, the company more than doubled its net sales, jumping from 246.6 billion yen to 572.3 billion yen (roughly $3.9 billion). That figure easily beat analyst expectations, with LSEG forecasting just 474.84 billion yen. Operating profit checked in at 56.9 billion yen versus the 53.46 billion yen that Wall Street was anticipating. Un

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Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

cnbc.com Tanaya Macheel 2025-12-16 10:51:33

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%. The descent triggered a wave of long liquidation

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Nintendo has sold over 6 million Switch 2s but still can't keep up with demand

engadget.com Unknown 2025-12-16 10:24:09

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo sold 5.82 million Switch 2s in less than four weeks and is on pace to hit its target of 15 million units by April 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the original Switch, which took a full year to hit that s

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Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

techcrunch.com Rebecca Bellan 2025-12-17 00:21:26

In Brief AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources. TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation. The round could close in the next few weeks, per Reuters, which would make New York-based Vast Data — last valued at $9.1 billion in 2023 — one of the most valuable tech

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Nintendo sold 5.82 million Switch 2s in 7 weeks but still can't keep up with demand

engadget.com Unknown 2025-12-17 05:00:11

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo has already sold 5.82 million Switch 2s since the console went on sale on June 6th and still expects to sell 15 million units by the end of its fiscal year in March 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the or

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Nintendo’s Switch 2 doubles first-month sales of the original

theverge.com Jess Weatherbed 2025-12-17 14:20:39

Posts from this author will be added to your daily email digest and your homepage feed. Nintendo’s financial year is off to a bumper start thanks to explosive sales of its Switch 2 console. Following its launch in June, the Switch 2 console has now sold 5.82 million units according to Nintendo’s Q1 earnings report, more than double the 2.7 million unit sales achieved by the original Switch in its first month. “Currently, demand for Nintendo Switch 2 is exceeding supply in many countries, and w

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Reddit shares jump as much as 20% on second-quarter sales and guidance beat

cnbc.com Jonathan Vanian 2025-12-18 00:34:51

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here's how the company did compared with LSEG estimates: Earnings per share: 45 cents vs. 19 cents expected 45 cents vs. 19 cents expected Revenue: $500 million vs. $426 million expected Reddit's revenue grew 78% year-over-year in the second qu

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Reddit revenue soars as it bets on AI and advertising

techcrunch.com Lauren Forristal 2025-12-18 00:13:23

Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up considerably. One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million, representing 93% of the company’s total revenue. Last month, Reddit launched two new features for advertisers: Reddit Insights, a to

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Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

9to5mac.com Marcus Mendes 2025-12-18 05:34:54

As part of the ongoing Q3 2025 earnings call, Apple CEO Tim Cook gave an update on how the U.S. tariff war is affecting the company’s business, and detailed what to expect during the next fiscal quarter if nothing changes. On the conference call, Cook said: “For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications the balance of the quarter, and no new tariffs are adde

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Reddit wants to be a search engine now

theverge.com Jay Peters 2025-12-18 05:01:14

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Reddit knows that it has valuable data from actual people — it’s already reached deals with big AI companies like OpenAI and Google to share its data with them. But Reddit is also investing in improving its own search capabilities, and in its latest note to investors, CEO Steve Huffman says that the company is “concentrating our resources on the areas that will drive results f

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Reddit shares jump 20% on second-quarter sales and guidance beat

cnbc.com Jonathan Vanian 2025-12-18 10:45:51

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here's how the company did compared with LSEG estimates: Earnings per share: 45 cents vs. 19 cents expected 45 cents vs. 19 cents expected Revenue: $500 million vs. $426 million expected Reddit's sales grew 78% year-over-year in the second quar

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Coinbase shares tumble as second-quarter revenue disappoints

cnbc.com Tanaya Macheel 2025-12-18 10:50:52

Coinbase shares fell Thursday as second-quarter revenue fell shy of analysts' estimates. Gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes. In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion related its Circle investment and $362 million from its crypto investment portfolio. On an adj

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GitHub Copilot crosses 20M all-time users

techcrunch.com Maxwell Zeff 2025-12-18 11:16:55

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means 5 million people have tried out GitHub Copilot for the first time in the last three months — the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of

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Weirdly Hot Rocks in New England Traced to 80-Million-Year-Old Greenland Rift

gizmodo.com Margherita Bassi 2025-12-19 20:40:31

Roughly 124 miles (200 kilometers) beneath the Appalachian Mountains in New England lies the aptly named Northern Appalachian Anomaly (NAA), a mysterious 218-mile-wide (350-km) region of unusually hot rock. Researchers have long believed that the NAA resulted from the plate tectonic movement that broke North America off northwest Africa 180 million years ago. In a new study published Tuesday in the journal Geology, however, a team of international researchers argue that the hot, subsurface rock

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Robinhood reports second-quarter earnings beat with revenue climbing 45%

cnbc.com Mackenzie Sigalos 2025-12-20 10:50:42

Robinhood beat Wall Street expectations for the second quarter Wednesday, extending a hot streak that has made it the best-performing large-cap U.S. tech stock this year. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year to $989 million, while net income more than doubled to

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Latest Tech News

Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation

AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA

Hims & Hers stock falls 10% on revenue miss

OpenAI says ChatGPT is on track to reach 700M weekly users

The US military’s on-base slot machines

The US Military Is Raking in Millions From On-Base Slot Machines

"This Will Open the Floodgates": Tesla In Trouble as Jury Orders It to Pay $329 Million After Autopilot Death

A.I. researchers are negotiating $250M pay packages

Why Exercise Is a Miracle Drug

Venture firm CRV raises $750M, downsizing after returning capital to investors

At $250 million, top AI salaries dwarf those of the Manhattan Project and the Space Race

Tesla must pay portion of $329 million in damages after fatal Autopilot crash, jury says

Tesla must pay portion of $329M damages after fatal Autopilot crash, jury says

Tesla must pay $329 million in damages after fatal Autopilot crash, jury says

Tesla must pay $329M in damages in fatal Autopilot case, jury says

Nintendo revenue doubles as Switch 2 sales top 5.8 million units

Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

Nintendo has sold over 6 million Switch 2s but still can't keep up with demand

Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

Nintendo sold 5.82 million Switch 2s in 7 weeks but still can't keep up with demand

Nintendo’s Switch 2 doubles first-month sales of the original

Reddit shares jump as much as 20% on second-quarter sales and guidance beat

Reddit revenue soars as it bets on AI and advertising

Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

Reddit wants to be a search engine now

Reddit shares jump 20% on second-quarter sales and guidance beat

Coinbase shares tumble as second-quarter revenue disappoints

GitHub Copilot crosses 20M all-time users

Weirdly Hot Rocks in New England Traced to 80-Million-Year-Old Greenland Rift

Robinhood reports second-quarter earnings beat with revenue climbing 45%

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