Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.
Apple was surprised by AI-driven demand for Macs
Apple said it will be supply-constrained on Mac mini, Studio, and Neo in the next quarter, too.
Legal AI startup Legora hits $5.6B valuation and its battle with Harvey just got hotter
The two wildly fast-growing rivals have raised massive sums, pushed into each other’s home turf, and now have dueling ad campaigns.
Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Hackers are actively exploiting a bug in cPanel, used by millions of websites
Web hosts are scrambling to fix the bug under active attack by hackers. One company said hackers have been abusing the bug for months.
After dissing Anthropic for limiting Mythos, OpenAI restricts access to Cyber, too
OpenAI will begin rolling out it cybersecurity testing tool, GPT-5.5 Cyber only “to critical cyber defenders” at first.
EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
The perpetually-struggling EV company made the payments while being investigated by the SEC. That four-year-long probe was ultimately closed in March.
Elon Musk testifies that xAI trained Grok on OpenAI models
“Distillation” is a hot topic as frontier labs try to prevent smaller competitors from copying their models.
FDA approval, fundraising, and the reality of building in healthcare according to BioticsAI founder
BioticsAI CEO Robhy Bustami joined Isabelle Johannessen on Build Mode to discuss how the company has navigated a highly regulated space and kept the team motivated while cutting through all the red tape.