The Next Web (1 hour ago)
Palo Alto-based Whop has closed a $200 million Series D led by Sequoia Capital and Shopify Ventures at a $5.1 billion valuation, and plans to open offices in Europe and Colombia, Bloomberg reported.
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Instacart was also recently tied to acquisition rumors with Uber, but sources say those talks are no longer active. It is unclear if Uber would try again if DoorDash comes up short.
When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water.
Revenue up, operating profit up, 30 million paid Copilot seats locked in, 88 DCs added, $43.8 billion returned to shareholders
Disruptive, a venture capital firm based in Dallas, has raised a $10bn fund to invest in AI, defence and software startups, Bloomberg reported on Tuesday. The new money roughly doubles the assets the firm manages. Disruptive plans to back about 10 late-stage companies, putting around $1bn into each.
The first wave of finance AI helped teams work faster. The next is taking responsibility for the work itself. Hyphenate is the autonomous finance platform for the office of the CFO. It announced a $45 million Series A led by Nexus Venture Partners.
Oracle will offer cloud services running on Cerebras’ AI computers in its data centres from 2027, the companies said. Cerebras, which went public in May, is expected to triple revenue next year to almost $3B, but investors worry about its place in a market Nvidia dominates.
Tesla designed the Cybercab’s battery pack with spare space so it can later use cheaper lithium iron phosphate (LFP) cells, battery engineer Robert Sumpf told Munro Live. The robotaxi now uses Tesla’s 4680 cells. Tesla also said the Cybercab line can build cars faster than it deploys them.
Apple has updated its 14-inch MacBook Pro with the M6 chip, promising faster graphics, better on-device AI performance, and up to 24 hours of battery life, the longest runtime the company has offered in a Mac. The new MacBook Pro was announced today alongside a refreshed iMac.
AI-generated election misinformation is spreading across social media ahead of the US midterm elections, and experts warn that much of it may be escaping detection as platforms scale back human moderation and rely more heavily on automated systems.
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