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.
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.
Coinbase is preparing to launch an in-house prediction market, powered by Kalshi, according to a CNBC report. The move is part of a broader strategy to expand beyond crypto as investor sentiment cools.
A wave of experienced tech workers, fed up with corporate bureaucracy, is quietly building targeted software for underserved markets. They’re launching MVPs in weeks, not years, and finding immediate revenue. It’s a back-to-basics rebellion against the venture capital growth-at-all-costs model.
Broadcom is removing the VMware vSphere Foundation bundle in some EMEA countries, forcing customers to check local availability. The move is part of a broader push towards higher-priced private cloud offerings, with one anonymous customer seeing their projected annual spend jump from $130,000 to $1.
Business Insider profiles 16 AI startup founders under 27 who have collectively raised over $100 million. They’re dropping out of Stanford and MIT, skipping internships, and betting that the current AI boom is a now-or-never opportunity.
The market for private company shares just had a record $162 billion year. But as giants like SpaceX and OpenAI stay private for over a decade, the system for trading their stock is riddled with opacity, high hidden fees, and verification gaps. It’s a ticking time bomb.
Fervo Energy has secured $432 million to build the world’s largest enhanced geothermal project in Utah. The funding, backed by Google, highlights the tech industry’s urgent search for reliable, clean power to feed its AI and data center boom.
Runware, a developer platform for real-time image, video, and audio generation, has secured a $50 million Series A. The startup is betting its custom infrastructure and per-image pricing can take on the big players in a crowded market.
Solve Intelligence has raised $40 million in a Series B round led by Visionaries. The startup also launched a new AI product for generating patent claim charts used in litigation.
