In Brief
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Tech News
Kalshi raises $1B at $11B valuation, doubling value in under two months
Prediction market Kalshi, which allows people to bet on future events, announced on Tuesday that it raised a $1 billion…
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Tech News
Shopify resolves outage disrupting merchants on Cyber Monday
Earlier today, Shopify faced a major outage that disrupted the operations of numerous merchants, leaving them unable to fulfill transactions.…
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Redwood Materials reportedly cuts 5% of staff after $350M raise
Fresh off a $350 million raise, battery recycler and cathode-maker Redwood Materials is reportedly cutting around 5% of its workforce,…
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Multiple London councils report disruption amid ongoing cyberattack
At least three London councils are responding to an ongoing cyberattack, prompting officials to shut down their networks and phone…
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Microsoft’s AI chatbot Copilot leaves WhatsApp on January 15
Microsoft’s AI chatbot Copilot will no longer be available on WhatsApp after January 15, the company has shared. After that…
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Fleet Space finds massive lithium deposit using AI and satellites
Startup Fleet Space announced yesterday that it used its satellite-powered AI system to expand the scope of an already massive…
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Tesla FSD software may not be approved by EU regulator after all
Tesla may have celebrated a regulatory win in Europe a bit too soon. Tesla claimed in a weekend social media…
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Trump Energy department drops renewables, promotes fusion in office reshuffle
The Trump administration revealed this week a revamped organizational chart for the Department of Energy, one which dumps several offices…
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Ford turns to Amazon to give used cars sales a boost
One year ago, e-commerce giant Amazon kicked off its new online car sales business with Hyundai. Now, Ford is joining…
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Ramp hits $32B valuation, just 3 months after hitting $22.5B
The one area outside of AI where investors are still enthusiastic is expense management fintech, at least if Ramp’s 2025…
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Boeing has a carbon emissions problem. Startup Charm Industrial is cleaning up.
Boeing has signed a deal with startup Charm Industrial to remove 100,000 metric tons of carbon from the atmosphere. Charm…
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Court rules that OpenAI violated German copyright law; orders it to pay damages
A German court ruled that OpenAI’s ChatGPT violated the nation’s copyright laws by training its language models on licensed musical works without permission, multiple news outlets,…
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