As President Donald Trump gears up to unveil broad tariffs affecting various nations this week, corporate America stands on nerve-racking ground, engulfed in an atmosphere of profound uncertainty. One standout example in this precarious environment is LightSource, a San Francisco-based startup that specializes in procurement management software, which recently secured a hefty $33 million in
Enterprise
After several months of silence, Amazon has reignited its ambitious drone delivery program, Prime Air, reestablishing operations in College Station, Texas, and Tolleson, Arizona. This comes in response to a software hiccup that halted operations back in January. The disruption stemmed from an altitude sensor anomaly triggered by airborne dust—an occurrence significant enough for Amazon
In a significant move that has sent ripples through both the tech and financial worlds, Elon Musk announced the merger of his artificial intelligence venture, xAI, with his social media platform, X. This all-stock transaction not only values xAI at a staggering $80 billion but also signals Musk’s intention to reshape the landscape of AI
In a move that has sent ripples through the tech world, a federal court has ruled that a proposed class-action lawsuit against the ever-controversial Elon Musk, along with his family office Excession, is set to advance. This decision, rendered by Judge Andrew L. Carter in the Southern District of New York, underscores a critical examination
In an unexpected announcement, President Donald Trump declared he would enforce a hefty 25% tariff on cars not manufactured in the United States. This bold political maneuver reflects not only the volatility of trade policies but also underscores the intricate relationship between politics and the burgeoning electric vehicle market. By positioning the tariffs as a
Amazon, the e-commerce titan, is once again making headlines, this time for its ambitious advancements in generative artificial intelligence. With a focus on enhancing the shopping experience for its users, Amazon has recently begun beta testing innovative AI-driven features. This strategic move not only aims to redefine how consumers shop online but also positions Amazon
23andMe, a pioneer in the direct-to-consumer genetic testing industry, has fallen into financially troubled waters, triggering its recent Chapter 11 bankruptcy filing. This move not only indicates severe financial distress but also raises questions about the security of its extensive genetic database that, unlike many other forms of consumer data, is irreplaceably personal. The company’s
In a move that leaves the future of genetic testing hanging by a thread, 23andMe, once celebrated for democratizing access to genetic information, has filed for Chapter 11 bankruptcy protection. This unexpected development comes only a short while after the company enjoyed a soaring valuation of $6 billion. The firm, co-founded by Anne Wojcicki in
Richard Teng, the newly appointed CEO of Binance, articulates a sentiment that reverberates through much of the cryptocurrency industry today: the political climate is shifting dramatically in their favor. Describing the Trump administration as a “fantastic” reset for the sector, Teng highlights the stark contrast between the previous regulatory landscape and the current, more favorable
The long-standing clash between the Securities and Exchange Commission (SEC) and the cryptocurrency industry appears to have reached a crucial turning point. Ripple Labs, a key player in the crypto ecosystem, has emerged victorious after the SEC dropped its four-year-old lawsuit against the company, initially filed during the tenure of former SEC Chair Jay Clayton.