Jeff and Lauren Sánchez Bezos have donated $5 million to the Neurodiversity Alliance through their Courage & Civility Award. The grant signals a shift in their philanthropic strategy toward smaller, direct funding. The nonprofit plans to use the funds to expand its peer mentorship program for studen
Fundvis, a Luxembourg-based FundTech firm, has raised €2.12 million. The capital will fuel product development and European expansion for its AI-driven fund oversight platform.
MetaX Integrated Circuits, a Chinese GPU developer for AI, saw its stock price skyrocket more than 561% on its first trading day. The company raised close to $600 million, following a similar explosive debut by competitor Moore Threads earlier in December.
Payments startup Speed has secured $8 million in funding co-led by Tether. The company plans to use the capital to expand its merchant tools and global payment network that handles both Bitcoin and stablecoins.
Luminar, a maker of lidar sensors for self-driving cars, has filed for Chapter 11 bankruptcy. The company’s downfall is tied directly to the collapse of a massive supply deal with Volvo, which was scaled back by 90% after Luminar had already invested nearly $200 million to fulfill it.
According to Fortune, a SpaceX IPO could value the company at $1.5 trillion, making it one of the world’s most valuable public firms. But for Elon Musk, going public means inviting the same Wall Street headaches he endures at Tesla.
OpenAI has hired Google’s former corporate development lead, who worked on deals like the $32B Wiz acquisition. This signals a major new phase of strategic investments and acquisitions for the $500 billion AI giant.
AI funding is pouring into every layer of the tech stack, from startups aiming to enable one-person billion-dollar companies to real-time media generators. The common thread is a shift from AI as a productivity tool to AI as an autonomous operator.
A new report from IMD reveals a major shift in family office hiring. The next generation wants impact investing and tech innovation, creating a severe shortage of qualified professionals.
Intel CEO Lip-Bu Tan’s extensive personal investments in chip startups are colliding with his corporate duties. The situation came to a head in a failed, conflicted bid to acquire AI startup Rivos, which ultimately sold to Meta for around $4 billion.
