Cursor’s four young billionaire cofounders will be worth $2.7 billion each when the deal goes through, according to Forbes estimates.
Former investment banker Anthony Noto built SoFi into a lending juggernaut, helping to push its valuation to nearly $40 billion. Now Wall Street is doubting its impressive results and its business model.
This week’s Current Climate newsletter also looks at GM’s push to develop data center batteries and turning to street lights to boost EV charging options.
Panthalassa sees data centers powered and cooled by the ocean as a cheaper alternative to the orbiting server farms Musk is pitching to SpaceX investors.
His medical staffing firm lifted Rick Jackson out of poverty. Now he’s beaten Trump’s pick in Georgia’s gubernatorial runoff and will face Democrat Keisha Lance Bottoms.
In an interview hours before the U.S. government issued a directive to disable Anthropic’s newest AI model, the company’s Chief Commercial Officer told Forbes about the tradeoffs of releasing such a powerful tool.
Companies added IVF coverage when workers were scarce. Employers now have the upper hand, but the national focus on the declining birthrate could protect these benefits.
SpaceX’s monster initial public offering could deliver massive gains for some of Elon Musk’s earliest and most loyal backers like Founders Fund, Valor Equity Partners, and DFJ Growth.
Venture capitalists now have stakes worth hundreds of billions thanks to the record-breaking SpaceX IPO. These are the most lucrative VC checks ever.
Enterprises slash token spending as OpenAI and Anthropic face margin pressure, falling token prices and rising risks across the AI supply chain.