The acquisition is only the second ever for the 51-year-old company as it tries to expand beyond index-fund fees.
A hot new AI agent called Instinct was valued at $500 million earlier in August, sources say. Now it’s raising a new round at a $2.5 billion valuation from Benchmark and Index.
This week’s Current Climate newsletter also looks at how DOGE broke America’s weather machine and using AI to create new materials for green hydrogen and batteries
Archer Aviation, which will test its eVTOLs over Los Angeles this year, plans a “vertiport” at AEG’s L.A. Live, next to the Lakers’ arena and city convention center.
AI can help a business do more without doing more of everything. The founders getting real value from it are using it to protect what makes their business worth building.
The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.
Whether you’re chasing fall colors or fewer crowds, these national parks offer some of the best autumn travel experiences in the country.
AI’s big debt load. Moving backward on defense tech. Why we need to talk about CPUs. All that and more in this week’s Prototype.
The Chinese-owned social network has been flooded with advertisements pushing street drugs and prescription pills like codeine, benzos and Adderall.
For four generations, Rome’s Angelini family has built a $2.5 billion operation with drugs for depression and epilepsy in Europe. Now it’s bought its way into the U.S. market.