Luminar secures up to $200M following CEO departure and layoffs

Posted on May 22, 2025 by Techme101

Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, […]

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White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions’ for U.S. Treasury

Posted on May 22, 2025 by Techme101

Trump’s top crypto advisor David Sacks says the administration’s stablecoin bill is poised to pass with bipartisan support.

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Nike to resume selling directly on Amazon for first time since 2019

Posted on May 21, 2025 by Techme101

Nike confirmed to CNBC that its shoes are returning to Amazon.

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Hinge Health prices IPO at $32, the top end of expected range

Posted on May 21, 2025 by Techme101

Hinge Health is betting that Wall Street is ready for a new digital health offering after a difficult few years for that market.

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Klarna used an AI avatar of its CEO to deliver earnings, it said

Posted on May 21, 2025 by Techme101

Other than AI Siemiatkowski admission, it wasn’t obvious that this was AI. There were only a few subtle signs.

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Why OpenAI’s deal with iPhone designer Jony Ive should be a wake up call for Apple

Posted on May 21, 2025 by Techme101

Ive announced a $6.4 billion deal that will merge his io hardware firm with OpenAI. Ive will head up the design for a new series of AI hardware products.

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Here’s how fusion energy could power your home or an AI data center

Posted on May 21, 2025 by Techme101

Fusion energy technology is advancing quickly with supercomputers and AI. One startup says it has proven technology that could work at a power plant.

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CoreWeave shares soar 17% after $2 billion debt offering

Posted on May 21, 2025 by Techme101

CoreWeave shares popped more than 18% after the renter of artificial intelligence data centers announced a $2 billion debt offering.

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Spotify says support for external payments on iOS has already boosted subscriptions

Posted on May 21, 2025 by Techme101

Spotify says its ability to direct its customers to external payment links in its iOS app has already had a positive impact on sales. In a newly filed amicus brief in support of Epic Games in its ongoing legal battle with Apple over external payments on the App Store, Spotify claims its internal data indicates […]

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OpenAI’s Big Bet That Jony Ive Can Make AI Hardware Work

Posted on May 21, 2025 by Techme101

Io, a firm Ive and Sam Altman cocreated, will now merge with OpenAI.

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