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Robinhood plans to launch a startups fund open to all retail investors

Robinhood announced Monday it has filed an application with the U.S. Securities and Exchange Commission to launch a new publicly traded fund that will hold shares of startups. The idea behind the “Robinhood Ventures Fund I” is to allow every retail investor access to make money on the hottest startups before they go public. While the current version of the application is public, Robinhood hasn’t filled in the fine-print yet. This means we don’t know how many shares it plans to sell, nor other

US Investment in Spyware Is Skyrocketing

The United States has emerged as the largest investor in commercial spyware—a global industry that has enabled the covert surveillance of journalists, human rights defenders, politicians, diplomats, and others, posing grave threats to human rights and national security. In 2024, 20 new US-based spyware investors were identified, bringing the total number of American backers of this technology to 31. This growth has largely outpaced other major investing countries such as Israel, Italy, and the

From mixers to pitch-offs — your brand event belongs at TechCrunch Disrupt 2025

Last year’s TechCrunch Disrupt Side Events drew hundreds of founders, investors, and operators after hours — from intimate roundtables to lively happy hours to full-on pitch competitions. Each event unlocked new opportunities for the hosts: investor deal flow, talent connections, and brand exposure with the startup community. This year, you can do the same. As a Side Event host during “Disrupt Week” (October 25–31), you’ll tap into an audience of 10,000+ attendees, plus the broader Bay Area tec

What happens when private equity buys homes in your neighborhood

Here's what happens when private equity buys homes in your neighborhood Joe Raedle/Getty Images This comes from the Planet Money newsletter. Subscribe now to get more insights into how our economy works delivered to your inbox each week. Daniel Erb became a corporate landlord kind of by accident. It started in 2020, when he received his first bonus as an investment banker. It was more money than he was used to. He wanted to invest in real estate, so he called his cousin, a research analyst at

A Case Study in AI Overstatement: Builder.ai

Back in May, Builder.ai, once a high-flying startup touted as a path-clearing AI-powered app builder, filed for bankruptcy in the U.S., culminating a spectacular fall that has become a cautionary tale in today’s AI frenzy. The filing followed a flurry of activity that saw creditors seize its accounts, the revelation that it may have been using engineers in India instead of AI, and a probe into how Builder.ai’s founder spent money leading up to its collapse. The collapse has sparked anger among

Google Investors Surprisingly Chill About Major Data Breach

The stock of Google’s parent company ended Friday’s trading session relatively unchanged, as investors digested news of a major data leak and broader market developments. Alphabet Inc. (GOOG)’s shares closed at $213.53, up slightly from the day’s prior end price, despite Google‘s global security alert advising its 2.5 billion Gmail users to update their information following a data breach involving one of its Salesforce databases. The company immediately issued a network-wide alert telling use

AI Is Golden or ‘Not Rational’: Wall Street’s Battle With Which Road to Take

As investments in artificial intelligence continue to soar, some analysts are raising alarms about a looming bubble that could burst and trigger broader market declines. Others, however, say they’ve never been so sure that it is a growing opportunity. So who is right? Well, on Wall Street, there’s a pick-your-flavor opinion for whatever it is you want to back, so we can’t determine that. But we can show you what each side is thinking. Firstly, that the sector is overvalued. Analysts and invest

Nvidia, Google, and Bill Gates help Commonwealth Fusion Systems raise $863M

Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a call this week. “This round of capital isn’t just about fusion just generally as a concept, but it’s about how do we go to make fusion into a commercial i

The AI Industry Has a Huge "Credit Card Debt" Issue

Earlier this month, OpenAI CEO Sam Altman said the quiet part out loud, telling reporters that he believes we're in a "phase where investors as a whole are overexcited about AI." Simmering concerns about a growing AI bubble — a word repeatedly invoked by Altman himself during the appearance — have gripped the industry, with spooked investors triggering a major tech sell-off in the wake of the CEO's remarks. Also fueling these fears was an MIT investigation that found a staggering 95 percent of

A bubble that knows it's a bubble

The four words that precede every crash: “This time is different.” Except this time, the person warning about a bubble is Sam Altman, the CEO most responsible for creating it. When OpenAI’s chief executive warned last week that investors were “overexcited” about AI, markets reacted immediately. Nvidia fell 3.5%, Palantir dropped nearly 10%, and the selloff spread globally. The warning came amid a cascade of seemingly supporting data. That same week, MIT researchers published findings that 95%

The AI vibe shift is upon us

AI Tech giants Tech news See all topics Follow A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Rather suddenly, there’s been a vibe shift around artificial intelligence, the tech that’s hypnotized Wall Street and inspired cultish devotion across Silicon Valley over the past three years. And while it’s too soon to declare August 2025 the start of the AI winter, or the AI correction, or the AI bubble bursting, or whatever sl

Wall Street Appears to Be Having Serious Doubts About AI

The amount of cash backing artificial intelligence right now is so high that it's almost meaningless to the average person. There are now almost 500 AI unicorns — companies valued at over $1 billion — worth a total of roughly $2.7 trillion, enough to do some serious damage to the economy if things don't go well. But for investors, that cash represents a dream: that AI will someday do more than generate video essays explaining that Nubian giants built the pyramids, and become a major financial

Crypto stocks tumble as investors go into risk-off mode

Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 4% to the $4,100 level, according to Coin Metrics. Investors appeared to rotate out of tech names Tuesday. The sector had seen a boost last week as traders weighed the prospect of more interest rate cuts. Also, bitcoin touched an intraday all-time high near $125,000 last week. On Tuesday, the Nasdaq Composite was down more than 1%, weighed down by declines in Nvidia and other tech heavyweights

Databricks says it's valued at over $100 billion in latest funding round

Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it's raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance and OpenAI, according to data from CB Insights. Databricks CEO Ali Ghodsi told CNBC's Brian Sullivan that the total round will exceed $1 billion. The company was last valued by private investors at $62

Crypto stocks tumble on Tuesday as investors go into risk-off mode

The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 4% to the $4,100 level, according to Coin Metrics. Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market. Investors appeared to rotate out of tech names on Tuesday. The sector had seen a boost last week as traders weighed the prospect of more int

Opendoor CEO resigns following investor pressure campaign

Opendoor CEO Carrie Wheeler said Friday that she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price

Opendoor stock pops 10% as CEO resigns following investor pressure campaign

Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she's resigning from the online real estate company, which has seen a surge in recent interest from retail investors. Pressure began building on Wheeler, who took over the top job in 2022, after the company's quarterly earnings report earlier this month failed to reassure investors that a turnaround is underway. The stock is up more than sixfold since bottoming out at 51 cents in June, a price that put the company at risk

Forget the Crypto Bros. Wall Street Is Driving the New Crypto Boom

The crypto market is on fire again, but this time, the fuel isn’t coming from “crypto bros” on social media. It’s coming from Wall Street, and it’s all based on a massive bet that the Federal Reserve is about to cut interest rates. Ether, the second-largest cryptocurrency, is leading the charge, surging nearly 10% in the past 24 hours to $4,723.26, bringing its all-time high of $4,878.26 within sight. This rally is, according to some market observers, a calculated move by large, institutional i

Peloton Is Cutting Jobs and Shifting Focus to Members’ ‘Entire Wellness Journey’

Peloton, the struggling New York-based fitness tech company, announced today that it plans to cut roughly six percent of its workforce in an effort to save costs and turn the company around. Additionally, the company’s new CEO, Peter Stern, told investors that the company would be expanding beyond its cardio roots and into the general health and wellness space. “This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term

19% of California houses are owned by investors

Relatively speaking, California is not a hot spot for housing investors. That’s a conclusion from my trusty spreadsheet’s review of data on investor activity across the nation from BatchData, a small data tracker that digs deeper into property records than many traditional real estate analysts. BatchData reviewed California ownership records to identify the state’s owner-occupied residences compared to houses controlled by investors. This study included properties for short-term or long-term r

Coinbase shares slide Tuesday as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto

Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto

What founders should think about if looking to raise a Series C

Startup founders face a perplexing and even contradictory capital market in 2025, according to Sapphire Ventures partner Cathy Gao. “Capital isn’t scarce. But access to that capital is harder than ever,” she said. Gao, who spoke at TechCrunch’s All Stage conference in July, said it’s possible for startup founders, especially those in later Series C stage, to navigate this particular economic environment. And they need to start with a reality check. To begin, she said, it’s important to note th

OpenAI reportedly raises $8.3B at $300B valuation

ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itse

Estonia's tech elite are getting behind a European challenger to Robinhood

Some of the biggest names of Estonia's tech scene are backing Lightyear, a startup looking to become Europe's answer to commission-free trading pioneer Robinhood . Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021. The company is set to announce later on Thursday that it has raised $23 million in a new round of funding

Things Are Looking Really, Really Bad for Tesla

Elon Musk's carmaker Tesla is widely expected to disappoint with its Q2 earnings report later today. Demand for the company's EVs has dried up significantly over the past 18 months, driven in large part by its exceptionally divisive CEO's efforts to alienate buyers at the exact moment that the company is facing a flood of high-quality international competition. Deliveries fell a record 13.5 percent this quarter compared to a year earlier — and the accompanying earnings report, which is set to

Tesla Isn’t a Car Company Anymore

Tesla may be in trouble. Investors and fans will get a clearer picture this Wednesday, July 23, when Elon Musk’s carmaker publishes its second-quarter earnings. There is no doubt that the core business is facing significant headwinds. The electric vehicle pioneer is expected to post a 13 percent drop in revenue and a 25 percent plunge in earnings per share. But if you only listen to Musk on the earnings call, you might not even hear the word “car.” Instead, expect a full-court press on robotaxi

The perfect pitch: This NEA partner says every founder should answer these 5 questions

Most founders eventually have to pitch venture firms in hopes of raising capital. Tiffany Luck, a partner at NEA, took the stage at TechCrunch’s All Stage event in Boston to answer how to craft the perfect one. “I like to think of a VC pitch as your initial way for assessing founder-investor fit,” she told the crowd before diving into her presentation. One of the most important slides to have in a pitch is “The What,” she said, meaning, “‘The What’ are you building.” That’s followed by “The Why

Hypercapitalism and the AI talent wars

Meta’s multi-hundred million dollar comp offers and Google’s multi-billion dollar Character AI and Windsurf deals signal that we are in a crazy AI talent bubble. The talent mania could fizzle out as the winners and losers of the AI war emerge, but it represents a new normal for the foreseeable future. If the top 1% of companies drive the majority of VC returns, why shouldn’t the same apply to talent? Our natural egalitarian bias makes this unpalatable to accept, but the 10x engineer meme doesn’

Medium’s CEO explains what it took to stop losing $2.6M monthly

Medium CEO Tony Stubblebine announced on Friday that the publishing platform has remained profitable since August of last year, when it first achieved this milestone. In a post, Stubblebine detailed what it took to achieve this goal, which involved a combination of product changes, an investor restructuring, renegotiated loans, unloading office space, layoffs, and other difficult cost-cutting measures. His post offers a deep dive into what it takes for a startup to achieve a turnaround and the