AI Startup Poolside Nears $3 Billion Valuation
Poolside, a startup creating artificial intelligence to write software, is in talks to raise a new round of funding that would give it a $3 billion valuation even before releasing an initial product,
Palantir Stock Investors Have Their Moment
Shares of the data analytics company, which is set to join the S&P 500, have more than doubled this year and are up another 2.8% Monday. Roughly half of Palantir’s available shares are
Truth Social Takes a $4 Billion Dive
The startup’s value has slumped nearly $6 billion in recent months. Lockup on insider share sales could lift as soon as next week Tweet on Trump’s media stocks taking a steep dive Trump
Chip Startup Groq Reached a Deal with Oil Giant Aramco
Artificial intelligence startup Groq Inc. has partnered with oil producer Aramco to build a giant data center in Saudi Arabia that it hopes will become a hub for companies running AI systems across
Biotech IPO Shares Climb in Trading Debuts
The offerings make this week the busiest for biotech and pharmaceutical IPOs since July 2021. Tweet on Startup Biotech IPO offering A trio of biotech companies’ Bicara, MBX and Zenasshares rose in their
European Auto Stocks Continue to Bleed as German VW Reaches a New Low
European auto-industry faces multiple challenges and heavy margin pressure. Volkswagen is trading at the lowest valuation level on record Tweet on EU’s auto stock downturns Volkswagen is trading at the lowest valuation level
Micron Gets a Bear Call as Paribas Warns on Oversupply
Micron Technology Inc. shares tumbled on Thursday, with the maker of computer memory chips extending a recent selloff as BNP Paribas Exane warned that the stock would continue to underperform others connected to
OpenAI Fundraising Set to Vault Startup’s Valuation to $150 Billion
Company discussing raising $6.5 billion in equity financing. Banks are in talks to provide the startup with a $5 billion credit line. Tweet on OpenAI investor’s valuation @OpenAI is in talks to raise
US Bitcoin ETFs Bleed $1.2 Billion in Longest-Run Outflows
US Bitcoin exchange-traded funds have posted their longest daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global
BMW Brake Recall and VW Job Threat Deepen German Crisis
Luxury car-maker finds faulty brakes in 1.5 million vehicles VW confirms plan to end three decades of German job guarantees Tweet on German auto-industry German carmakers are sinking deeper into a crisis undermining