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According to Dealroom data cited by the Financial Times, British start-ups raised just £16.2 billion last year, far less than the more than £65 billion raised by their counterparts in Silicon Valley during the same period. In fact, the U.S. appears to be pulling further ahead each year. In 2024, 57% of global venture capital…
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The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10%…
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The Linux Foundation has become something of a misnomer through the years. It has extended far beyond its roots as the steward of the Linux kernel, emerging as a sprawling umbrella outfit for a thousand open source projects spanning cloud infrastructure, security, digital wallets, enterprise search, fintech, maps, and more. Last month, the OpenInfra Foundation…
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In a quiet transformation from merchandising giant to (also) healthcare giant, Amazon may be positioning its sprawling logistics network and growing medical footprint to potentially save lives, starting with your front door. According to Bloomberg, back in 2023, Amazon piloted a several months-long pilot program called Project Pulse, equipping delivery vans with defibrillators and training…
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“Mythic Quest,” the Apple TV+ workplace comedy about the making of a popular online roleplaying game, is ending after four seasons. A new version of the show’s fourth season finale — first aired on March 26, and now the de facto series finale — will premiere on Apple TV+ next week, with a new ending.…
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The Trump administration is carving out big tariff exemptions for the tech industry. While President Donald Trump said Wednesday that he would delay many of the market-shaking tariffs that he’d announced the previous week, he kept a universal baseline 10% tariff in place, while also increasing tariffs on Chinese goods to 125% (on top of…
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When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X (formerly known as Twitter), in an all-stock deal, it raised some eyebrows. But in many ways, the deal made sense. xAI’s chatbot, Grok, was already deeply integrated with X, X was floundering financially, and Musk needed a way to…
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Earlier this week, Meta landed in hot water for using an experimental, unreleased version of its Llama 4 Maverick model to achieve a high score on a crowdsourced benchmark, LM Arena. The incident prompted the maintainers of LM Arena to apologize, change their policies, and score the unmodified, vanilla Maverick. Turns out, it’s not very…
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Thirteen years ago, Forerunner Ventures began helping to usher in a new era of consumer startups, including Warby Parker, Bonobos, and Glossier. None has gone through a traditional IPO process. Warby Parker was taken public through a special purpose acquisition vehicle. Bonobos was acquired by Walmart. Glossier is still privately held, along with many other…
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A group of ex-OpenAI employees on Friday filed a proposed amicus brief in support of Elon Musk in his lawsuit against OpenAI, opposing OpenAI’s planned conversion from a non-profit to a for-profit corporation. The brief names twelve former OpenAI employees: Steven Adler, Rosemary Campbell, Neil Chowdhury, Jacob Hilton, Daniel Kokotajlo, Gretchen Krueger, Todor Markov, Richard…