A shopper prepares fill his cart at a Giant supermarket in Washington, DC, April 6, 2020. Evelyn Hockstein/The Washington Post via Getty Images) Sequoia Capital and Andreessen Horowitz, two of Silicon Valley’s most high-profile venture firms, are poised to take a massive hit on their last investment in grocery delivery company Instacart, a deal that
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SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images WASHINGTON — Three Democratic members of the Senate Armed Services Committee have asked the Pentagon for information about
Fidji Simo, CEO of Instacart Inc., speaks during an interview in San Francisco, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Grocery delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday, aiming for a valuation of up to $10 billion. Instacart
In this article Follow your favorite stocksCREATE FREE ACCOUNT Arm Holdings jumped another 6% on Friday in U.S. pre-market trade, continuing its rally after its Nasdaq debut this week. The British chip designer’s shares were trading just over $67 around 6:10 a.m. ET, implying a valuation of more than $72 billion. Arm shares were even
In this article Follow your favorite stocksCREATE FREE ACCOUNT Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters Arm’s Nasdaq debut on Thursday looks good for SoftBank, who just spun
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Ali Ghodsi, co-founder and CEO of Databricks. Databricks As some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company private, at least for now. Databricks, which sells data
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google workers walk outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That’s up from $1.8 billion, or $5.51 per share, a year earlier. (AP
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook attends China Development Forum 2017 – Economic Summit at Diaoyutai State Guesthouse on March 18, 2017 in Beijing, China. VCG | Getty Images China has not instituted any laws or regulations prohibiting government employees from using or buying foreign phones, the
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Where media and analysts could hold and try out the iPhone 15 on Tuesday after it was announced. CNBC/Kif Leswing Apple announced its new iPhones for 2023 on Tuesday at its headquarters in Cupertino, California. This year’s models are called the iPhone 15. There are
In this article 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT TSMC is the top producer of the world’s most advanced processors, including the chips found in the latest iPhones, iPads and Macs. Jakub Porzycki | Nurphoto | Getty Images TSMC, the world’s largest contract chipmaker, said on Tuesday its approved an investment in Arm of
SHENZHEN, CHINA – 2020/10/05: Chinese coffee shop chain Luckin Coffee logo seen at a store. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Chinese coffee giant Luckin Coffee hit 10,000 stores in China in June, surpassing Starbucks as the largest coffee chain brand in the country following rapid
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Google CEO, Sundar Pichai (: and Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice (R). Getty Images The biggest tech monopoly trial since the Department of Justice challenged Microsoft more than 20 years ago is set to begin on
InstaCart employees fulfill orders for delivery Patrick T. Fallon | Bloomberg | Getty Images The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports. Instacart is expected to officially disclose its expected valuation range on Monday, a person familiar with the matter told
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Bill Gates and Elon Musk Reuters The following is adapted from Walter Isaacson’s biography “Elon Musk,” publishing Sept. 12. “Hey, I’d love to come see you and talk about philanthropy and climate,” Bill Gates said to Elon Musk when they happened to be at the
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images Just days before assisting in
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook holds the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022. Carlos Barria | Reuters Apple is holding its most important launch event of the year on Tuesday at its headquarters in Cupertino, California,
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Kent Walker speaks at a “Grow with Google” launch event in Cleveland. via Google Google previewed Friday how it plans to fight off the U.S. government’s charges of illegal monopolization when it goes to trial in D.C. District Court next week. The trial marks
German Chancellor Olaf Scholz (SPD,l.), and Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG, visit the Mercedes stand during the opening of the IAA. Sven Hoppe | Picture Alliance | Getty Images Munich, GERMANY — The IAA Mobility motor show is taking place in Munich, Germany this week, and there is no
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters WASHINGTON — A Ukrainian official slammed Tesla and SpaceX CEO Elon Musk for ordering engineers
Hadrian Automation CEO Chris Power Hadrian Automation When President Joe Biden announced an executive order last month limiting U.S. investment in critical technologies in China, the venture capital community hardly blinked. That’s because many U.S. startup investors have already retreated from China, after years of political mudslinging between the world’s two largest economies led to
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