If you want to cut your screen time, just get a Brick
After years of struggling to curb my screen time, apparently all I needed was a $59 hunk of plastic.
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Valor Equity Partners looks to raise a $2.5B Fund VII, per Bloomberg
New details have emerged about Valor's latest fund, which last year announced it was raising an unspecified amount of capital.
Menlo Ventures raises $3bn on the back of one Anthropic bet
Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The firm announced the raise on Tuesday, its largest […]This story continues at The Next Web
Walmart buys Vibe.co for $1.4bn to chase Amazon in ads
Walmart is paying a reported $1.4bn for a connected-TV ad startup worth $410m nine months ago. The price tells you how far retailers will now go to catch Amazon in advertising. Walmart has agreed to buy Vibe.co, a connected-TV advertising platform. Two reports peg the deal at $1.4bn. It would be the retailer’s biggest acquisition […]This story continues at The Next Web
Slate Auto’s radically simple electric truck starts at $24,950
The Jeff Bezos-backed startup finally revealed more pricing details for its debut EV, including a $29,950 starting price for the SUV variant, and boosted the base range to 205 miles.
Zhipu weighs multibillion-dollar raise after 2,000% surge
A 2,000% rally has handed Beijing’s Zhipu a rare fundraising window, and Anthropic’s vanished Fable 5 widened it. The harder question is whether a deeply unprofitable lab can turn the moment into a durable business. Six months ago, Zhipu was a Chinese artificial-intelligence lab fresh off a $558M Hong Kong listing. Its shares priced at […]This story continues at The Next Web
Neel Somani breaks down the key factors behind East Coast power price spikes
If you live on the East Coast, you have probably opened a winter utility bill and wondered how your electricity costs could possibly be that high. Every few years, the story makes headlines: a cold snap hits the Northeast, power prices spike to hundreds of dollars, and politicians demand answers. But the real explanation rarely […]This story continues at The Next Web
EU moves to turn Europol into an operational police force as digital crime climbs
Brussels wants to double the agency’s staff and widen its data powers. Rights groups say it has written the surveillance before drawing the safeguards. The European Commission moved to give Europol a markedly bigger job. In a proposal set out as part of its drive to harden the bloc against organised, internet-based, and financial crime, […]This story continues at The Next Web
SK Hynix sets a $29 billion US listing that could top every ADR deal ever done
SK Hynix has filed to raise up to 45.45 trillion won, roughly $29bn, through a listing of American depositary receipts on Nasdaq, the South Korean memory maker disclosed in a regulatory filing on Wednesday. The company has tentatively set July 10 for the debut and intends to issue 17.79 million new shares to back the […]This story continues at The Next Web
AI loses out to human wealth managers when the money actually moves, HSBC finds
Wealthy investors are using artificial intelligence to research and generate ideas, and then asking a human being whether to act on them. That is the headline finding of new HSBC research published on Wednesday, which surveyed nearly 10,000 affluent and high-net-worth individuals across 10 markets and concluded that, at the moment of decision, the adviser […]This story continues at The Next Web
Apple’s Eddy Cue says the company wants to make ‘better’ and ‘more’ entertainment
The services chief, named Cannes Lions’ Entertainment Person of the Year, set out the logic behind Apple TV: no licensed reruns, fewer titles, and a belief that the story is the only thing that matters. Eddy Cue would like you to know that Apple is not finished. Accepting the title of Entertainment Person of the […]This story continues at The Next Web
Swiss study finds fewer job ads for career starters as AI reshapes entry-level work
An analysis of 7.3 million job advertisements shows entry-level postings down sharply since the years before generative AI, with the steepest declines in roles the tools can most readily take on. The number of Swiss job advertisements aimed at career starters in 2025 was just under a third lower than the average for the period […]This story continues at The Next Web
ByteDance seeks a record $20bn offshore loan to fund its AI build-out
ByteDance is in preliminary talks with banks about an offshore loan of roughly $20bn, which would be the largest the TikTok owner has ever raised, Bloomberg reported on Wednesday, citing people familiar with the discussions. The company is said to be seeking a facility with a three-year tenor and an option to extend it to […]This story continues at The Next Web
Elon Musk told Trump he was freaking out over the US's chip vulnerability in Taiwan: new book
The new book, by Maggie Haberman and Jonathan Swan, reported that Musk had warned of "disaster" due to of the threat of a ...
Right After Becoming a Trillionaire, Elon Musk "Sold" 17.5 Million Tesla Shares. Here's Why This Isn't a Big Deal.
While one aspect of his latest stock moves might make investors think Musk was cashing out some of his Tesla stake, there ...
What's the point of AI data centres in space? SoftBank CEO thinks Elon Musk plan is no good
SoftBank's founder Masayoshi Son has dismissed Elon Musk's vision of orbital data centres. Masayoshi believes that there is ...
Elon Musk Is Now Richer Than His Native South Africa—And Wealthier Than These Countries
Space Exploration Technologies Corp. CEO Elon Musk’s fortune has reached a level once reserved for the world’s largest economies, making the trillionaire entrepreneur wealthier than the annual economic output of most countries on the planet. Elon Musk’s Wealth Surpasses South Africa’s Economy Musk’s net worth stands at approximately $1.2 trillion, according to Forbes. His net worth was propelled largely by the soaring value of SpaceX, which earlier this month debuted on public markets at a valua
SpaceX Sells $25 Billion In Bonds To Cut Elon Musk's Interest Burden
Ahead of SpaceX's historic $75 billion initial public offering earlier this month, Elon Musk fused many of his disparate ...
Will Elon Musk’s ‘trillion-dollar payday’ lead to a wealth tax?
The SpaceX IPO backlash could be a midterm issue ...