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Tech News
Retro, a friend-focused photo-sharing app founded by former Instagram engineers Nathan Sharp and Ryan Olson, closed a Series A round of more than $21 million in December, according to an SEC filing spotted by Business Insider. The filing was made under the startup's legal name, Lone Palm Labs, and Pitchbook now pegs the company's valuation above $100 million.
Nvidia reported revenue of $96.22 billion for the quarter ending July 2026, beating Wall Street's $91.90 billion estimate, with net income more than doubling to $53.95 billion. The company guided for roughly $108 billion in the current quarter and forecast about 70% revenue growth in fiscal 2028, well above the 45% analysts had projected. Shares rose over 7% after CFO Colette Kress said customer forecasts point to growth doubling next year, while CEO Jensen Huang confirmed the next-gen Vera Rubin chip is now in production.
Boston Scientific disclosed in an SEC filing that a cyberattack beginning Tuesday has caused widespread outages across its IT systems, hampering its ability to ship and process orders. The medical device maker, which serves roughly 48 million patients annually, has not said whether implanted devices like pacemakers are affected, and has not given a timeline for restoring systems. Reports from Ireland indicate staff at its Cork campus were sent home after internal network communications went down.
Nutex Health, a for-profit hospital operator with 28 facilities across 12 states, told the SEC that an unauthorized third party accessed and stole data from its servers, some of which may be private or confidential. The company has hired forensic investigators, notified law enforcement, and activated its incident response plan, but has not yet determined whose data—patients, employees, or partners—was affected.
The Securities and Exchange Commission has issued subpoenas to banks that handled trading and funding for Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, according to the New York Times. The probe comes after the fund lost billions in value following a late-July slump in AI stocks, though regulators have not accused the firm of any wrongdoing. Situational Awareness says it will fully cooperate with regulators, calling such scrutiny normal for high-profile funds.
The SEC has sent subpoenas to major Wall Street banks seeking details on trades, borrowing, and lender communications tied to Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The fund managed over $30 billion and used heavy leverage to chase AI-driven gains, but a reversal in AI and tech stock prices last month forced it into a fire sale, dumping most of its holdings to rival Citadel at a discount.