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Employee – CEO pay gap historically wide

news.ycombinator.com Tami Luhby 2026-01-04 11:41:28

Labor unions Taxes Pay & income See all topics Follow The pay gap between America’s corporate leaders and their workers grew even larger in 2024, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. CEOs at the nation’s 500 largest public companies took home $18.9 million last year, or 285 times as much as the typical US worker’s paycheck of $49,500. That’s up from a ratio of 268 to 1 a year earlier, according to the AFL-CIO, a powerful federation of labor unions re

Topics: million pay tax typical year

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The Switch 2 had a very good launch month

theverge.com Andrew Webster 2026-01-05 08:06:04

We already knew that Nintendo got off to a strong start with the Switch 2’s launch, and now that the console has been out for a bit, we’re getting a clearer picture on exactly how it performed. According to market research firm Circana, Nintendo’s new console “debuted as the fastest selling video game hardware device in US history,” selling 1.6 million units in June. That topped the previous launch month record held by the PS4, which moved 1.1 million units in November of 2023. Unsurprisingly,

Topics: circana console firm million switch

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Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone

techcrunch.com Anna Heim 2026-01-05 17:08:00

Less than a week after it became Europe’s latest unicorn, Swedish vibe coding startup Lovable is now also a centaur — a company with more than $100 million in annual recurring revenue (ARR). Lovable took only eight months since its launch to get here, thanks to the skyrocketing popularity of its AI-powered website and app builder. The startup claims it now has more than 2.3 million active users, and last reported 180,000 paying subscribers. With only 45 full-time employees, and 14 open positio

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SubTropolis and KC's Limestone Caves

news.ycombinator.com Unknown 2026-01-03 17:10:57

Beneath Kansas City's streets lies an unexpected wonder—SubTropolis, the world's largest underground business complex, spanning over 6 million square feet in a 270-million-year-old limestone deposit. Carved out of limestone in the 1940s, this hidden metropolis was the vision of Lamar Hunt, famed founder of the Kansas City Chiefs. Originally a mining site, SubTropolis has become an essential part of Kansas City’s economic landscape. The origins of SubTropolis date back to the late 19th and earl

Topics: city kansas limestone million subtropolis

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Meta Is Breaking OpenAI $100 Million at a Time

gizmodo.com Luc Olinga 2026-01-06 12:25:24

The artificial intelligence landscape, once characterized by collaborative innovation, has dramatically shifted into an all-out war for top talent. At the forefront of this aggressive new era stands Mark Zuckerberg’s Meta Platforms, orchestrating an unprecedented assault on rival OpenAI. This isn’t merely a recruitment drive; it’s a clear declaration of war, fueled by a staggering $300 million offer designed to dismantle the very core of its competitor. The Wall Street Journal is reporting that

Topics: ai meta million openai zuckerberg

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Largest piece of Mars on Earth fetches $5.3M at auction

news.ycombinator.com Unknown 2026-01-04 20:01:22

The largest piece of Mars ever found on Earth was sold for just over $5 million at an auction of rare geological and archaeological objects in New York on Wednesday. But a rare young dinosaur skeleton stole the show when it fetched more than $30 million in a bidding frenzy. The 54-pound (25-kilogram) rock named NWA 16788 was discovered in the Sahara Desert in Niger by a meteorite hunter in November 2023, after having been blown off the surface of Mars by a massive asteroid strike and traveling

Topics: auction mars million skeleton sotheby

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OpenAI says ChatGPT users send over 2.5 billion prompts every day

theverge.com Emma Roth 2026-01-10 12:36:37

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. OpenAI’s ChatGPT sees more than 2.5 billion requests daily, with 330 million from users based in the US, according to data obtained by Axios. The data suggests that ChatGPT users send over 912.5 billion requests to the AI chatbot each year. Although ChatGPT still has a way to go to catch up to Google’s 5 trillion annual searches, its rapid growth s

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Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too

techcrunch.com Julie Bort 2026-01-10 12:50:49

When Figma announced its initial hoped-for price range on Monday ($25-$28), it also revealed an unusual decision for its highly anticipated IPO. It will allow existing shareholders to sell more shares than the company plans to sell, by a high ratio. The company plans to offer about 12.5 million shares. Yet existing shareholders will be allowed to cash out of nearly 24.7 million shares, it said. In addition, should this IPO be as hot as everyone thinks it will be, existing shareholders will get

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Figma IPO could value design software maker at $16 billion

cnbc.com Jordan Novet 2026-01-10 17:25:54

Dylan Field, co-founder and CEO of Figma Inc., after the morning sessions at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 11, 2024. Design software company Figma on Monday published an updated prospectus for its initial public offering. The company said it expects to sell about 37 million shares at $25 to $28 each. That would generate as much as $1 billion in proceeds, between the company and selling shareholders. The IPO could value Figma, led by co-founder D

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TechCrunch Mobility: Uber makes a bet on premium robotaxis

techcrunch.com Kirsten Korosec 2026-01-10 17:03:00

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! A little bird Image Credits:Bryce Durbin If it wasn’t obvious before, it is now. Uber wants a big piece of the autonomous vehicle technology pie. The ride-hailing company has spent the past two years locking in partnerships with just about every AV company you can think of, and across every sector, including delivery, robotaxis,

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Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say

techcrunch.com Marina Temkin 2026-01-11 17:21:29

Greptile, an AI-powered code review startup, is in the process of raising a Series A. Sources familiar with the deal tell TechCrunch it’s for $30 million at a $180 million valuation led by Benchmark partner Eric Vishria. But one person says that the deal hasn’t closed and terms may change. Founded by Dasksh Gupta after he graduated from Georgia Tech in 2023, the startup went through Y Combinator in the winter of 2024 cohort, and raised a $4 million seed round led by Initialized Capital after co

Topics: disrupt greptile gupta million techcrunch

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Trump’s Cabinet Is Cashing in on Crypto

gizmodo.com Aj Dellinger 2026-01-12 08:00:21

Congress’s big “Crypto Week” might have faded into the background a bit due to cryptic messages Donald Trump left in a birthday note to Jeffrey Epstein, but Republicans in the House and Senate did, in fact, manage to pass a couple of laws that will establish loose, industry-friendly regulations for cryptocurrency. Which means it is a perfect time to be reminded that the Trump administration is packed with people who stand to benefit from cryptocurrency being mainstreamed. Trump himself, of cour

Topics: administration crypto digital million trump

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What is Mistral AI? Everything to know about the OpenAI competitor

techcrunch.com Anna Heim 2026-01-12 12:43:18

Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low. However, the recent launch of its chat assistant on mobile app stores was met with some hype, particularly in its home country. “Go and download Le Chat, which is made by

Topics: 2025 ai million mistral models

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Scientists Will Melt Some of Earth’s Oldest Ice to Solve Climate Mystery

gizmodo.com Ellyn Lapointe 2026-01-13 03:06:58

A team of U.K. researchers are planning to melt some of the oldest ice on Earth in an ambitious bid to reconstruct up to 1.5 million years of our planet’s climate history. In doing so, they could also help solve a mystery that has puzzled scientists for over two decades. Over the course of seven weeks, scientists at the British Antarctic Survey plan to gradually melt 1.5-million-year-old Antarctic ice cores at their lab in Cambridge, England, unlocking whatever dust, volcanic ash, and even sing

Topics: climate earth ice million years

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Perplexity sees India as a shortcut in its race against OpenAI

techcrunch.com Jagmeet Singh 2026-01-14 06:29:34

While OpenAI has cemented its lead in the U.S., Perplexity is taking a different route — quietly expanding into India to compete in the next phase of AI adoption. The search-focused AI startup is rapidly adding millions of users in the world’s second-largest internet and smartphone market, positioning itself for mass-market scale. This week, Perplexity partnered with Bharti Airtel, India’s second-largest telecom operator after Reliance Jio, to offer a free 12-month Perplexity Pro subscription —

Topics: ai india million perplexity techcrunch

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We Sure Watched a Lot of Old Netflix Hits in the First Half of the Year

cnet.com See Full Bio 2026-01-14 10:50:00

Netflix released its biannual viewership report on Thursday, ahead of its second-quarter earnings call. The findings represent engagement numbers for the first six months of 2025, which equate to about 99% of what was watched between January and June. The hit TV series Adolescence and the action film Back in Action, which starred Jamie Foxx (in his first on-screen role since his hospitalization) and Cameron Diaz, topped the charts. Surprisingly, some Netflix originals released in 2023 and earli

Topics: half million netflix watched year

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Someone paid $5.3 million for a piece of Mars

engadget.com Unknown 2026-01-15 08:15:02

Add this to the list of "things that might be fun if you had a buttload of money": Someone forked over $5.3 million in a Sotheby's auction to own a piece of Mars. The Red Planet meteorite was discovered in 2023 in a remote area of the Sahara Desert in Niger. Martian meteorites of any size are incredibly rare. To get here, an asteroid first hits the Red Planet to eject material from its surface. (Sotheby's says there are only 19 Martian craters large enough to have spit out this one.) That chunk

Topics: martian meteorite million planet red

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Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep

techcrunch.com Tim De Chant 2026-01-15 08:03:19

Microsoft is building data centers as fast as it can, and that’s killing its carbon balance sheet. Since 2020, its carbon emissions have grown by nearly a quarter, undermining the pledge it made that year to remove more carbon from the atmosphere than it generates by 2030. So Microsoft has been buying massive amounts of carbon-removal credits to attempt to remedy that situation, including a newly announced purchase of 4.9 million metric tons from Vaulted Deep. Neither party disclosed the financ

Topics: carbon company metric million tons

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

techcrunch.com Aisha Malik 2026-01-15 16:10:33

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Topics: ceo creators funding million substack

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

techcrunch.com Aisha Malik 2026-01-15 22:10:33

In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack’s valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity

Topics: ceo creators funding million substack

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Meta appoints generative AI VP to run Threads

techcrunch.com Amanda Silberling 2026-01-15 22:43:51

In Brief Meta appointed Connor Hayes, Meta’s VP of product for generative AI, to become the head of Threads, per Axios. Until now, Instagram head Adam Mosseri has been in charge of Threads. But the platform has grown into more than a side product of Instagram, necessitating additional leadership. Though Threads only launched in 2023, its mobile daily active user (DAU) numbers are fast approaching those of X, according to market intelligence provider Similarweb. Currently, Threads is averaging

Topics: dau instagram meta million threads

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Lovable becomes a unicorn with $200M Series A just 8 months after launch

techcrunch.com Anna Heim 2026-01-16 17:11:21

Fast-growing Swedish AI vibe coding startup Lovable has become Europe’s latest unicorn. Only eight months since its launch, the startup has raised a $200 million Series A round led by Accel at a $1.8 billion valuation. Like Cursor and other platforms that help developers write code and build apps by harnessing the coding and reasoning abilities of large language models, Stockholm-based Lovable helps people use natural language to create websites and apps. The startup’s trajectory so far has cha

Topics: disrupt lovable million said startup

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Trump’s Meme Coin Empire Is About to Explode With Millions of New Tokens

gizmodo.com Luc Olinga 2026-01-17 03:05:48

Millions of Trump meme coins could flood the crypto market starting this week, potentially reshaping the future of one of the most controversial cryptocurrencies in circulation. Entities affiliated with President Donald Trump now have the right to sell a large portion of the meme coin named after him, $TRUMP, starting Wednesday July 17. The move could unlock hundreds of millions of dollars in digital tokens, intensifying scrutiny over Trump’s growing involvement in crypto and raising fresh ques

Topics: crypto market million tokens trump

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India eyes global quantum computer push — and QpiAI is its chosen vehicle

techcrunch.com Jagmeet Singh 2026-01-17 22:54:01

QpiAI, an Indian startup that claims to integrate AI and quantum computing for enterprise use cases, has raised $32 million in a new funding round co-led by the Indian government as the company aims to expand its presence and develop utility-scale quantum computers for markets around the world. The Indian government’s $750 million National Quantum Mission has co-led QpiAI’s all-equity Series A round, alongside Avataar Ventures, at a post-money valuation of $162 million. The funding reflects In

Topics: indian million qpiai quantum startup

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Nvidia CEO Jensen Huang sells another $37 million worth of stock

cnbc.com Samantha Subin 2026-01-19 08:57:59

NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025. Nvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, according to a U.S. Securities and Exchange Commission filing. The sale comes as part of a plan adopted in March for Huang to sell up to 6 mil

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Running a million-board chess MMO in a single process

news.ycombinator.com Unknown 2026-01-15 15:56:24

Running a million-board chess MMO in a single process How One Million Chessboards works Jun 24, 2025 One Million Chessboards is a 1000x1000 grid of chess boards. Moving a piece moves it for everyone, instantly. There are no turns, and pieces can move between boards. Loading... making some moves In the 10 days after launch, over 150,000 players made over 15,000,000 moves and hundreds of millions of queries. The game runs out of a single process that I didn’t touch over those 10 days 1. 1 Once

Topics: client million moves piece pieces

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The Chainsmokers’ Mantis Ventures closes $100M third fund

techcrunch.com Marina Temkin 2026-01-20 08:36:04

In Brief Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic DJ group The Chainsmokers, has raised $100 million in commitments for its third fund. At $100 million, the firm’s newest fund is 25% larger than Mantis’s previous $80 million fund, a notable achievement at a time when many venture firms are struggling to maintain their existing fund sizes or secure new capital. Mantis has invested in B2B companies, such as cybersecurity firm Chainguar

Topics: companies firm fund mantis million

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Crypto super PAC Fairshake reports $141 million war chest

cnbc.com Mackenzie Sigalos 2026-01-21 08:00:52

Fairshake, the cryptocurrency industry's most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector's growing influence as Congress takes up landmark legislation this week. The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase . Fairshake and its two affiliated PACs — Defend American

Topics: cash crypto fairshake million year

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The Morning After: Switch 2 user accidentally banned after playing pre-owned game cards

engadget.com Unknown 2026-01-22 18:31:58

Be extra careful where you buy your used Nintendo Switch game cards. A Switch 2 owner posted on Reddit about how their account was banned after downloading patches for a few Switch game cards they'd bought from Facebook Marketplace. The Switch 2 user contacted Nintendo support and discovered they were banned, but they provided proof of purchase and were unbanned shortly after. The Redditor said the “whole process was painless and fluid.” Nintendo Nintendo attaches unique codes to its Switch ga

Topics: game like million nintendo switch

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Former Sequoia partner Matt Miller raises $355M for new fund — with Sequoia’s backing

techcrunch.com Anna Heim 2026-01-23 08:56:19

Former Sequoia partner Matt Miller has already locked in $355 million for his new VC firm, Evantic, which is also backed by Sequoia, TechCrunch learned. Last December, Miller announced his departure from Sequoia after twelve years to “start [his] own fund focused on the great founders of Europe.” Despite the European focus, TechCrunch’s understanding is that Evantic will actually invest on both sides of the Atlantic, with a focus on B2B companies at the Series B and growth stages. However, its

Topics: evantic miller million sequoia techcrunch

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Latest Tech News

Employee – CEO pay gap historically wide

The Switch 2 had a very good launch month

Eight months in, Swedish unicorn Lovable crosses the $100M ARR milestone

SubTropolis and KC's Limestone Caves

Meta Is Breaking OpenAI $100 Million at a Time

Largest piece of Mars on Earth fetches $5.3M at auction

OpenAI says ChatGPT users send over 2.5 billion prompts every day

Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too

Figma IPO could value design software maker at $16 billion

TechCrunch Mobility: Uber makes a bet on premium robotaxis

Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say

Trump’s Cabinet Is Cashing in on Crypto

What is Mistral AI? Everything to know about the OpenAI competitor

Scientists Will Melt Some of Earth’s Oldest Ice to Solve Climate Mystery

Perplexity sees India as a shortcut in its race against OpenAI

We Sure Watched a Lot of Old Netflix Hits in the First Half of the Year

Someone paid $5.3 million for a piece of Mars

Microsoft is buying tons of carbon removal from Xprize startup Vaulted Deep

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO, and more

Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

Meta appoints generative AI VP to run Threads

Lovable becomes a unicorn with $200M Series A just 8 months after launch

Trump’s Meme Coin Empire Is About to Explode With Millions of New Tokens

India eyes global quantum computer push — and QpiAI is its chosen vehicle

Nvidia CEO Jensen Huang sells another $37 million worth of stock

Running a million-board chess MMO in a single process

The Chainsmokers’ Mantis Ventures closes $100M third fund

Crypto super PAC Fairshake reports $141 million war chest

The Morning After: Switch 2 user accidentally banned after playing pre-owned game cards

Former Sequoia partner Matt Miller raises $355M for new fund — with Sequoia’s backing

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