Bloomberg:
A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX — Crafting and launching a space station that can keep humans alive comfortably in orbit is no easy feat. — Jed McCaleb made a fortune in cryptocurrency.
A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX (Bloomberg)
Bloomberg:
A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX — Crafting and launching a space station that can keep humans alive comfortably in orbit is no easy feat. — Jed McCaleb made a fortune in cryptocurrency.
Inspiren, which provides workflow and staffing tech and AI-based fall detection for senior living facilities, raised a $35M Series A led by Avenir (Heather Landi/Fierce Healthcare)
Heather Landi / Fierce Healthcare:
Inspiren, which provides workflow and staffing tech and AI-based fall detection for senior living facilities, raised a $35M Series A led by Avenir — Artificial Intelligence funding round Remote Monitoring venture capital (VC) — The demand for senior care services is poised …
A profile of Lisa Su, as AMD vies for a bigger chunk of the AI market; CTO Mark Papermaster says AMD had $5B in AI chip sales in 2024, up from $100M in 2023 (Kif Leswing/CNBC)
Kif Leswing / CNBC:
A profile of Lisa Su, as AMD vies for a bigger chunk of the AI market; CTO Mark Papermaster says AMD had $5B in AI chip sales in 2024, up from $100M in 2023 — When Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of potential bankruptcy.
Israel-based Kela, which develops tech for integrating AI, sensors, and edge devices into existing military systems, raised a $28M Series A and a $11M seed (Meytal Vaizberg/Globes Online)
Meytal Vaizberg / Globes Online:
Israel-based Kela, which develops tech for integrating AI, sensors, and edge devices into existing military systems, raised a $28M Series A and a $11M seed — In response to the events of October 7, Kela has developed a platform for rapid integration of commercial technologies into military systems.
A profile of StubHub CEO Eric Baker, who, according to the company’s S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares (Bloomberg)
Bloomberg:
A profile of StubHub CEO Eric Baker, who, according to the company’s S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares — This time it isn’t concert tickets Eric Baker is selling. It’s shares of StubHub Holdings Inc., the company he co-founded and has owned on and off for a quarter century.
The crypto-lending industry, nearly wiped out in the last bear market, is staging a comeback as Cantor Fitzgerald launches a $2B Bitcoin financing business (David Pan/Bloomberg)
David Pan / Bloomberg:
The crypto-lending industry, nearly wiped out in the last bear market, is staging a comeback as Cantor Fitzgerald launches a $2B Bitcoin financing business — The last major bear market nearly wiped out the entire crypto-lending industry. Now, it’s staging a major comeback …
A look at Amazon’s suit against the Consumer Product Safety Commission, claiming the agency is unconstitutional, an argument favored by the Trump administration (Caroline O’Donovan/Washington Post)
Caroline O’Donovan / Washington Post:
A look at Amazon’s suit against the Consumer Product Safety Commission, claiming the agency is unconstitutional, an argument favored by the Trump administration — The company’s lawsuit argues it shouldn’t have to cooperate with the Consumer Product Safety Commission, which oversees recalls of dangerous goods.
CoreWeave, prepping for a roadshow, faces $7.5B in debt repayments by the end of 2026, far above its cash flow, asking IPO investors to take a leap of faith (Financial Times)
Financial Times:
CoreWeave, prepping for a roadshow, faces $7.5B in debt repayments by the end of 2026, far above its cash flow, asking IPO investors to take a leap of faith — Cloud computing group seeking $32bn IPO must convince backers it can grow fast to settle huge financial obligations
Index Ventures, Wiz’s largest outside shareholder with a 13% stake, is set to turn its $245M investment into $4.3B from Wiz’s pending sale to Alphabet for $32B (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal:
Index Ventures, Wiz’s largest outside shareholder with a 13% stake, is set to turn its $245M investment into $4.3B from Wiz’s pending sale to Alphabet for $32B — Index Ventures is set to earn a 250-fold return on its seed money in a startup Google has agreed to buy