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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

cnbc.com Ryan Browne 2025-09-19 12:55:05

LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed. DoorDash announced its deal to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion). "I have decided that now is the right time for me to step down,

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Nvidia invests $5 billion into Intel to jointly develop PC and data center chips

theverge.com Tom Warren 2025-09-19 22:37:15

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Nvidia is throwing Intel a $5 billion life raft, just weeks after similar stakes from the US government and SoftBank. Nvidia is investing $5 billion in Intel common stock in a collaboration that will see the pair “jointly develop multiple generations of custom data center and PC products.”

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StubHub prices IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-22 04:18:28

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub priced its IPO at $23.50, in a share sale that values the company at $8.6 billion. The pricing late Tuesday landed at the mid-point of the expected range that the company gave last week, raising $800 million. StubHub said its shares are expected to begin trading on the New York Stock Exchange on Wednesday under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, a

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Microsoft, Nvidia, other tech giants plan over $40 billion of new AI investments in UK

cnbc.com Ryan Browne 2025-09-22 04:04:41

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units (GPUs), in partnership with Nscale, a British cloud comp

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Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

techcrunch.com Jagmeet Singh 2025-09-22 06:32:17

Groww, India’s largest retail brokerage firm, is set to test the country’s public markets with a multi-billion-dollar IPO. The listing comes comes just over a year after the company restructured its corporate headquarters from Delaware back to India — a move that could make it the first Indian startup to list at home following a relocation from the U.S. Backed by Microsoft CEO Satya Nadella and marquee investors including Y Combinator, Ribbit Capital, and Tiger Global, Groww’s listing — expecte

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StubHub to price IPO at $23.50, valuing company at $8.6 billion

cnbc.com Annie Palmer 2025-09-22 08:57:54

The StubHub logo is seen at its headquarters in San Francisco. Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday. The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion. StubHub will trade on the New York Stock Exchange under the symbol "STUB." The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $

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Microsoft, Nvidia other tech giants plan over $40 billion of new AI investments in UK

cnbc.com Ryan Browne 2025-09-22 17:44:08

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in the U.K. by 2028, as the company builds out its artificial intelligence infrastructure. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units (GPUs), in partnership with Nscale, a British cloud comp

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Microsoft announces $30 billion investment in AI infrastructure, operations in UK

cnbc.com Ryan Browne 2025-09-23 01:36:59

LONDON — Microsoft said on Tuesday that it plans to invest $30 billion in artificial intelligence infrastructure in the U.K. by 2028. The investment includes an additional $15.5 billion in capital expansion and $15.1 billion in its U.K. operations, Microsoft said. The company said the investment would enable it to build the U.K.'s "largest supercomputer," with more than 23,000 advanced graphics processing units, in partnership with Nscale, a British cloud computing firm. The spending commitmen

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Microsoft trumps Google with $30 billion investment in the UK

theverge.com Tom Warren 2025-09-23 01:30:00

is a senior editor and author of Notepad , who has been covering all things Microsoft, PC, and tech for over 20 years. Posts from this author will be added to your daily email digest and your homepage feed. Microsoft is announcing that it’s investing £22 billion (around $30 billion) in the UK to help support AI infrastructure and ongoing operations from 2025 through 2028. The investment includes $15 billion in capital expenditures to build a supercomputer to support AI demand and adoption. “T

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Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

cnbc.com Samantha Subin 2025-09-23 05:23:26

Sanjay Beri, CEO and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the company revealed in a

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Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

cnbc.com Samantha Subin 2025-09-23 09:32:58

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range. The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the co

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Figure reaches $39B valuation in latest funding round

techcrunch.com Rebecca Szkutak 2025-09-23 13:49:44

In Brief Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which “exceeded $1 billion,” said Figure, was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, and I

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Google to invest £5 billion in UK AI as Trump heads for state visit

cnbc.com Sam Meredith 2025-09-24 11:59:51

General view of the Google headquarters in King's Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance. Google owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.'s artificial intelligence development, just as the country prepares for U.S. President Donald Trump's state visit this week. The U.S. president is scheduled to arrive in Britain on Tuesday evening, before the pomp and pageantry gets unde

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Here are five fintechs that could be next to IPO after Klarna

cnbc.com Ryan Browne 2025-09-26 19:23:52

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna's $17 billion initial public offering, investors are pondering which big fintech name will be the next to go public. Klarna popped as much as 30% on the day of its New York IPO, before settling to close aro

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Here are the five fintechs that could be next to IPO after Klarna

cnbc.com Ryan Browne 2025-09-26 22:21:03

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna's $17 billion initial public offering, investors are pondering which big fintech name will be the next to go public. Klarna popped as much as 30% on the day of its New York IPO, before settling to close aro

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I Wasn’t Sure I Wanted Anthropic to Pay Me for My Books—I Do Now

wired.com Steven Levy 2025-09-28 01:00:00

A billion dollars isn’t what it used to be—but it still focuses the mind. At least it did for me when I heard that the AI company Anthropic agreed to an at least $1.5 billion settlement for authors and publishers whose books were used to train an early version of its large language model, Claude. This came after a judge issued a summary judgement that it had pirated the books it used. The proposed agreement—which is still under scrutiny by the wary judge—would reportedly grant authors a minimum

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

cnbc.com Ryan Browne 2025-09-28 23:32:58

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

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

theverge.com Richard Lawler 2025-09-29 01:00:03

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

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Adobe's stock gains on earnings, revenue beat

cnbc.com Jordan Novet 2025-09-29 13:22:12

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

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

gizmodo.com Passant Rabie 2025-09-30 09:30:42

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

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Perplexity reportedly raised $200M at $20B valuation

techcrunch.com Marina Temkin 2025-10-01 08:59:10

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

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

theverge.com Elissa Welle 2025-10-01 09:01:10

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

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

cnbc.com Ashley Capoot Chris Eudaily 2025-10-01 21:28:43

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

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

cnbc.com Jordan Novet 2025-10-01 21:24:37

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

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

cnbc.com Ashley Capoot Chris Eudaily 2025-10-02 05:58:46

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

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

gizmodo.com Ece Yildirim 2025-10-02 07:18:01

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

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

theverge.com Emma Roth 2025-10-02 13:29:12

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

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

cnbc.com Jordan Novet 2025-10-02 17:53:20

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

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

cnbc.com Chris Eudaily 2025-10-03 01:50:24

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

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California’s High-Speed Rail Fiasco Keeps Getting Worse

gizmodo.com Benton Graham 2025-10-03 01:35:07

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

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Latest Tech News

Deliveroo founder Will Shu to step down as CEO after DoorDash takeover

Nvidia invests $5 billion into Intel to jointly develop PC and data center chips

StubHub prices IPO at $23.50, valuing company at $8.6 billion

Microsoft, Nvidia, other tech giants plan over $40 billion of new AI investments in UK

Groww, backed by Satya Nadella, set to become first Indian startup to go public after U.S.-to-India move

StubHub to price IPO at $23.50, valuing company at $8.6 billion

Microsoft, Nvidia other tech giants plan over $40 billion of new AI investments in UK

Microsoft announces $30 billion investment in AI infrastructure, operations in UK

Microsoft trumps Google with $30 billion investment in the UK

Cybersecurity provider Netskope boosts IPO range as it tests tech hot streak

Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

Figure reaches $39B valuation in latest funding round

Google to invest £5 billion in UK AI as Trump heads for state visit

Here are five fintechs that could be next to IPO after Klarna

Here are the five fintechs that could be next to IPO after Klarna

I Wasn’t Sure I Wanted Anthropic to Pay Me for My Books—I Do Now

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

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

Adobe's stock gains on earnings, revenue beat

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

Perplexity reportedly raised $200M at $20B valuation

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

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

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

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

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

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

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

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

California’s High-Speed Rail Fiasco Keeps Getting Worse

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