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The humanoid robotics market is awash in money right now. Last week, AI2 Robotics, a Shenzhen-based startup that makes wheeled humanoid robots, raised roughly $735 million at a nearly $3 billion valuation. Earlier this year, Apptronik, an Austin-based maker of humanoid robots for manufacturing and logistics, closed a $935 million funding round valuing the company…
Nvidia has dominated the AI chip market for years, but the era of total dependence might be ending. OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a…
A team of crypto executives has banded together to raise $200 million for a special acquisition company, which will look for a crypto business to take public. A patchwork of crypto executives is teaming up to raise $200 million to take their blank-check company public amid a boom in crypto public debuts. The Cayman Islands-based…
The new entity will manage a crypto corporate reserve powered by the ENA token, with investors including Pantera, Galaxy Digital and the Ethena Foundation. StablecoinX, a new infrastructure company within the Ethena ecosystem, is going public through a merger with TLGY Acquisition Corp., securing $360 million to build a crypto corporate reserve anchored by the…
“Shareholder vote saves Trump’s Truth Social app from possible shutdown” Donald Trump’s money-losing app Truth Social has been spared from a possible shutdown in the coming weeks after investors voted to extend a deadline on a deal to give the company a major cash injection. More than 65% of investors in Digital World Acquisition Corp….
“CEO behind Trump’s Truth Social IPO begs small investors for support: source” The boss of the company looking to take Donald Trump’s Truth Social app public has personally been canvassing small retail investors in a desperate bid to keep the deal alive, The Post has learned. Patrick Orlando, CEO of Digital World Acquisition Corp., has…
“Trump’s Truth Social stock hammered as Elon Musk cuts Twitter deal” Billionaire Elon Musk’s deal to buy Twitter has sparked a selloff of shares for one of the platform’s would-be rivals – former President Donald Trump’s fledging Truth Social network. Shares of Digital World Acquisition Corp, the SPAC planning to take Truth Social public if…
“OnlyFans seeks IPO, but porn a turnoff for investors: report” OnlyFans is looking to partner up with a blank-check company, or SPAC, to lay the groundwork for an initial public offering — but there are no takers despite the porn platform strong finances, according to a report. Potential investors and SPAC partners have been hesitant…
“#BuzzFeed shares sink in IPO after investors rock SPAC merger” Shares of BuzzFeed plunged as much as 17 percent in their Nasdaq debut on Monday, after its merger with a blank-check company was hit by a flurry of investor withdrawals last week. New York-based BuzzFeed’s stock opened up 14 percent at $10.95 but reversed course to…
“#BuzzFeed investors pull funds as company plans to go public via SPAC” BuzzFeed, the digital media company known for a curious mix of quizzes, listicles and hard hitting news stories, isn’t expected to raise as much cash via its public listing as it once advertised. Citing anonymous sources, The Wall Street Journal reported Thursday that…