Global Startup News

Anthropic revenue run rate hits $65B ahead of IPO: Axios

Anthropic's soaring revenue run rate signals robust investor confidence, potentially reshaping AI market dynamics and IPO valuation benchmarks. The po…

Terra Industries closes a $52mn seed and opens its first office outside Africa

Terra Industries has added $18mn to close a $52mn seed round and will open its first office outside Africa in London, while keeping manufacturing in G…

Neynar Seeks a New Owner for Farcaster Seven Months After Buying It

Protocol fees fell from $35.43 million in the first quarter to $376,740 so far in the third, according to DefiLlama. Neynar says it will return most o…

Meta might be on the hook for $1.4 trillion if it loses a landmark lawsuit and that would truly mark the end of social media as we know it

Meta and Mark Zuckerberg are about to face their toughest trial yet. How the huge State AG's lawsuit could force Meta to make some difficult decisions…

Decaf Coffee Has Always Been an Afterthought. Stephen Bruner Thinks That’s Its Biggest Advantage

Corkcicle co-founder Stephen Bruner wants Heist to do for decaf coffee what Athletic Brewing did for non-alcoholic beer. That vision has won over one …

OpenAI is funding 13 Axios local newsletters in a three-year deal

OpenAI is paying the startup costs of 13 new Axios Local newsletters, covering both staff and technology. Axios employees also get free credits for Op…

Strategy’s Future Hinges on Bitcoin Becoming a Real Currency: Jeff Booth

The investor prefers businesses that earn cash through ordinary operations before storing part of it in Bitcoin. Bitcoin investor and Ego Death Capita…

Payments giant Stripe is about to drop over $7 billion to become a gateway to AI token sales

AI gateways look promising as companies struggle with model orchestration Payments biz Stripe has reportedly finalized an agreement to acquire OpenRou…

Lovable Just Reached a $13.3 Billion Valuation. Investors Are Betting It Can Be More Than a Software Builder

In less than a year, the startup doubled its valuation. Demand for AI-powered software creation continues to grow.

Princess Eugenie Follows In Prince Harry’s Footsteps With New Baby Name

Princess Eugenie joins the Queen Elizabeth tribute train with her baby’s name! The royal Princess has followed in the footsteps […] The Princess Eugen…

Q&A: Rethinking how innovation happens

In his latest book, Professor Eugene Fitzgerald examines the forces that turn breakthroughs into value — and why innovation resists simple formulas. I…

‘Only idiot startup founders stay in Cali’: Mark Cuban rips billionaire tax—and opens a rift inside the Democratic Party

The business mogul fired shots at the Democratic economic patriot over concerns of taxing young startup companies out of California. Billionaire entre…

The Company Behind AI Film ‘Hell Grind’ Wants to Teach You How to Make AI Movies for Free | Exclusive

Higgsfield Academy lets anyone see the prompts used to create feature-length AI films like its 95-minute feature that debuted at Cannes The post The C…

Petlibro accused of “gaslighting” users over smart pet feeder outage

Petlibro says feeders perform scheduled feedings offline. Users report otherwise. Petlibro founder and CEO York Wu provided more information about an …

9 Major Mutants Marvel Still Needs to Cast for the MCU X-Men Reboot

At D23, Marvel announced who will be starring in the MCU's X-Men reboot, but there are still some characters missing like Beast, Magneto and more This…

Sound-powered fire protection startup gets $15M to snuff out fires before they turn catastrophic

Sonic Fire Tech raised its new funding to help get its sound-powered fire protection system into everything from commercial kitchens to apartment buil…

How Much SpaceX Stock Elon Musk Really Owns, and When Can He Sell?

Musk's SpaceX filing shows 48.4%, but the shares he owns outright today come to about 36% and $708 billion. The post How Much SpaceX Stock Elon Musk R…

MTV Just Turned 45. Its Co-Founder Says 1 Hiring Rule Made the Channel a Success

Tom Freston was 33, deep in debt, and had never worked in television. At MTV, that was the qualification.

Fake World Assets Opens Its Gacha Pool to New NFT Collections

TokenWorks will let artists issue collections directly into the randomized pool through a mechanism called FWAir, with backers fronting the ETH and cr…

A Malibu Seller Is Accepting Startup Shares for a Luxury Home. The Deal Comes With 1 Tax Catch

A homeowner is trying a new strategy: courting founders and investors whose wealth remains locked in private company shares.

Purely Elizabeth Founder Sells To Ferrero For $850 Million: “Feel The Fear And Do It Anyway”

Seventeen years ago, Elizabeth Stein started making muffin mix in her Upper West Side Manhattan apartment to sell to her nutrition clients. Now she’s …

BitMart founder dismisses calls for audit as users report blocked funds, unpaid employees

Sheldon Lee said a Chinese-language X account making the claims was hacked. Users want wallets, assets and liabilities disclosed.

Binance Left Russia in 2023: Why Is Moscow Still Getting User Data?

Binance exited Russia in 2023, yet still answers Moscow's data requests. Here is why that channel stayed open. The post Binance Left Russia in 2023: W…

Ransomware gang crashes own attack — with no-one to blame but themselves

Alibaba is selling its gaming studio for at least $1.5 billion to help fund AI buildout, mirroring Micron's exit from consumer business — dumps entire stake in Lingxi Games, which made 'Three Kingdoms: Strategy Edition'

Alibaba has agreed to sell its game development unit, Lingxi Games, to Asian private equity firm Trustar Capital, according to an internal staff memo.…