Honda has canceled three electric vehicles it was developing for the US market, blaming President Donald Trump’s tariffs and increasing competition from Chinese EV companies. Honda said Thursday that Trump’s tariffs have hurt the company’s gas and hybrid vehicle business, putting its overall automobile business in an “extremely challenging earnings situation.” With the “inability to…
Last week, Netflix announced Acquisition of Interpositive, an AI company co-founded by Ben Affleck that helps filmmakers edit footage in post-production. The deal could be worth up to $600 million, according to bloombergThis is potentially considered one of the streaming giant’s biggest acquisitions to date. The most Netflix has ever paid for a single acquisition…
Vibe-coding sensation Replit has hit another funding milestone. company announced On Wednesday it raised a $400 million Series D at a valuation of $9 billion, led by previous investor Georgian Partners. Other participating investors include G Squared, Prism Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures. Founder and…
Breakout Ventures has Fund III of $114 million closed Supporting AI-focused early-stage startups working in scientific fields such as biology and chemistry. The company has already written checks to three companies and plans to invest in at least 20 companies through this fund, with the average check size ranging from $500,000 to $5 million. Lindy…
After last month’s news New York’s hottest venture firm, ThriveHaving just raised $10 billion for a new fund – its largest ever, double the previous fund – another big-name VC firm is attempting to match that fund. General Catalyst is in talks to raise $10 billion from unnamed sources Tell Bloomberg. The firm, which has…
For years, venture capitalists have been skeptical of beverage startups, citing low margins and brutal distribution as the reason most brands never succeed. But a new wave of “functional soda” companies are challenging that notion, including prebiotic soda brand Poppy, which evolved from a kitchen experiment to a $1.95 billion acquisition by PepsiCo. on this…
An unidentified foreign hacker broke into the FBI’s field office in New York in 2023 and compromised files related to the bureau’s investigation of sex offender Jeffrey Epstein. According to Reuters. The newswire cited a source familiar with the breach as well as court documents and reported that the hack took advantage of a server…
Lucid Motors will send North American owners of its Gravity SUV on Thursday a software update that will enable Apple CarPlay and Android Auto, the company said. announced Wednesday morning. Owners in Europe and the Middle East will receive the update “in late March.” Phone-mirroring features were previously available on Lucid Motors’ sedan, the Lucid…
Google said on Wednesday that it has done so acquired Israeli cyber security firm Viz offers $32 billion in cash after a full year of companies deal announced. This is Google’s largest acquisition in its history. Viz, which provides a security platform that helps major cloud environments prevent and respond to cybersecurity threats, will join…
Prediction market Kalshi is making it easier for its users to interact on Meta’s social network threads. Kalshi now offers a share option that will automatically embed relevant predictive market charts into Threads posts. Whether people want to discuss who’s going to win Best Picture or which reality TV contestant is going to go home,…
