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Bumble Founder Whitney Wolfe Herd Explains Decision to Take Company Private

Bumble cofounder and CEO Whitney Wolfe Herd said on Tuesday a sale of her 12-year-old dating app was important for the “for the longevity of Bumble’s mission” given the way the public markets had treated the company, whose stock had dropped to near $2. Herd said she would “disassociate” watching the stock price but was newly optimistic about Bumble’s future after new tech investment firm Ithaca Holdings agreed to take the company private in a $1.3 billion deal announced earlier this...

Goldman Sachs Investment Banking Co-Head Sees ‘Repositioning’ Amid AI Boom

Kim Posnett said AI projects won’t drive expected returns if interest rates stay elevated for a long period.

Anthropic Buys a Small Drug Startup as It Pushes Deeper Into Biotech

The AI developer also said it’s working with Bristol Myers Squibb and other drug developers.

OpenAI, Anthropic Claim Cryptography Breakthrough on Same Day

Shortly after OpenAI announced its AI models had disproved a foundational hypothesis in cryptography, Anthropic said it had found the same result on the same day.

Google to Sell AI Chips to OpenAI, Oracle

Deal makes Oracle the first hyperscale cloud platform other than Google's own to make TPUs available to customers.

Meta Slightly Increases Equity Fundraising Plan to $97.5 Billion

Original total was $95 billion. Options for underwriters to purchase additional shares could bring the total to about $103 billion.

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Nvidia Invests $3 Billion in Meta in Deeper AI Partnership

Meta plans to expand its deployment of Nvidia’s advanced chips for its next-generation AI agents.

Anthropic Founders Say They Will Keep Claude Free of Advertising 

The founders said they didn't want pressure to increase user engagement.

Anthropic S-1 Highlights Rising Payment Costs

Stripe is a key payment provider for Anthropic.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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DoorDash Nears Deal to Buy Instacart in $17 Billion Deal

The Information first reported on Friday that Instacart has been in talks to sell itself

OpenAI Unveils Cheaper Terra Model Amid Anthropic Pricing Battle

The AI lab said GPT-6.1 Terra will cost up to 50% less per token to use than the previous version of the model.

SpaceX Agrees to Pay $40 Billion to Lease Chips from Apollo

The deal is the latest tie-up between a Muck controlled company and the asset manager.

Microsoft Offers Buyouts to 60,000 Employees

The buyout offers represent one of the largest potential staff reductions among large tech firms in recent history.

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Goldman Sachs to Lead Anthropic IPO

The bank won the top job again after SpaceX.

Anthropic Publicly Files S-1 for Its Planned IPO

Filing of the preliminary prospectus on Monday sets the stage for the AI giant to public in mid-November
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