Shiloh Luckey, founder of the tax-compliance startup ComplYant, is under federal criminal investigation for alleged securities and bank fraud. The SEC has filed a civil complaint, alleging she used millions in company funds for personal expenses while grossly inflating revenue numbers to investors.
OpenAI has poached Albert Lee, Google’s senior director of corporate development, to lead its own dealmaking. This follows a string of high-profile business hires and a busy 2025 of acquisitions. The move strongly hints that OpenAI is preparing for a major expansion through M&A.
PayPal is officially trying to become a bank in the United States. The move, enabled by looser federal regulations, would let it offer FDIC-insured savings accounts and make loans.
PayPal is launching a new industrial bank to expand its small business lending and financial services. The move aims to reduce reliance on third parties and offer FDIC-insured savings accounts. It builds on the over $30 billion in loans PayPal has issued since 2013.
A major technology trade agreement between the US and UK has been suspended. Announced last September, the deal was meant to foster joint work on cutting-edge fields like artificial intelligence and quantum computing.
Internal communications reveal SpaceX is preparing for a potential public offering in 2026. The staggering valuation is aimed at funding an ambitious slate of next-generation projects. The timing, however, remains uncertain.
The old tension between security and operations is a luxury no modern company can afford. With ransomware able to halt production faster than a physical disaster, the CISO and COO must build a proactive partnership to protect operational excellence.
A major European cloud trade group is escalating its legal battle to reverse the Broadcom-VMware merger. They argue the EU’s antitrust approval in 2023 was a regulatory failure that has led to price hikes and vendor lock-in.
In a major move for the games industry, id Software, the legendary studio behind Doom, has unionized. Its 165 employees in Texas have formed a “wall-to-wall” guild with the Communications Workers of America, and Microsoft has officially recognized the union. The developers are pushing for protection
The US government is reportedly easing cyber sanctions against China to smooth trade negotiations. This move highlights a growing trend where cybersecurity is treated as a transactional chip rather than a red line.
