Ribbit Capital, the Silicon Valley venture capital firm behind credit card startup Brex and the stock trading app Robinhood, has raised $800 million for its tenth fund, according to a regulatory filing. Ribbit, which focuses on financial businesses, was founded by longtime entrepreneur Meyer “Micky” Malka in 2012. The new fund is less than the $1.15 billion vehicle Ribbit raised in 2022,...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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