Fora, a platform that lets ordinary people become travel agents and gives travellers a way to find them, has raised a $60m Series D at a $1bn valuation led by Forerunner and Tactile Ventures. It has 15,000+ advisors (97% new to the profession) who have…
Volkswagen’s autonomous mobility subsidiary Moia has begun offering rides in self-driving ID Buzz vans to preregistered residents in Hamburg, marking the first time a major European automaker has launched an autonomous passenger service on its home con…
S&P downgraded Oracle to BBB- on July 9, placing the company one notch above junk status, as a $250 billion data-centre expansion plan burns through cash faster than revenue can replace it. Oracle is now the second-largest non-financial debt issuer…
GameStop CEO Ryan Cohen dismissed the decline of physical video game sales as “totally, totally irrelevant” to the company’s business in an interview on Bloomberg TV on Thursday. Cohen was responding to Sony’s announcement earlier this month that it wi…
Visa launched the Visa Stablecoin Platform on Thursday, a new infrastructure product that lets banks and payment processors issue, manage, and settle stablecoin transactions through Visa’s network. The platform launches with native support for Open USD…
Verizon is cutting about 3,000 employees from its corporate-owned retail stores and transferring 274 locations to independent operators, Bloomberg reported on Thursday. The changes take effect on August 16 and will leave the largest US mobile carrier w…
Google is renaming NotebookLM to Gemini Notebook, folding one of its most popular AI products into the Gemini brand while keeping it as a standalone tool. The company said on Thursday that the rebrand reflects how deeply the research assistant has been…
Most space-hardware startups raise money because they are burning it. SWISSto12 raised $70m while turning a profit, an unusual thing in the satellite business. The Swiss company closed the €61m round days after ESA member states put $84.8m into its Hum…
Xpeng debuted the L03 on Wednesday in Munich, launching its most internationally ambitious electric vehicle simultaneously across 65 markets. The coupe-SUV is built around the company’s proprietary Turing AI chips, with every trim shipping at least one…
The AI economy has run on a simple habit: rent a model from a big lab. Fireworks just raised $1.5bn to argue the opposite, that every company will build intelligence of its own. The Series D values the San Mateo startup at $17.5bn, it said. Atreides Ma…