Industry News
Founder Sahil Lavingia says he was booted from DOGE after just 55 days
Sahil Lavingia has published a diary recounting his time as a member of Elon Musk’s DOGE workforce. It’s a short read — Lavingia’s DOGE stint lasted just 55 days — but it is does provide new details on the temporary government organization …
Security startup Horizon3.ai is raising $100M in new round
Horizon3.ai, a cybersecurity startup that provides tools like autonomous penetration testing, is seeking to raise $100 million in a new funding round and has locked down at least $73 million, the company revealed in an SEC filing this week. NEA led the…
Nvidia expects to lose billions in revenue due to H20 chip licensing requirements
As Nvidia reports earnings for the first quarter of its fiscal year 2026, which closed on April 28, the company has released numbers on how the Trump administration’s recent chip export restrictions are affecting business. Nvidia reported that it…
Victoria’s Secret hit by outages as it battles security incident
The fashion retailer’s outages began Monday.
GameStop bought $500 million of Bitcoin
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular R…
Stellantis pivots to Google’s Android as in-car partnership with Amazon ends
Three years ago, Stellantis announced it was pairing up with Amazon to create in-car software that would bring a slew of connected products and services to vehicles by 2024 as part of the automaker’s broader plan to generate $22.5 billion annually from…
DeepSeek updates its R1 reasoning AI model, releases it on Hugging Face
Chinese startup DeepSeek has released an updated version of its R1 reasoning AI model on the developer platform Hugging Face after announcing it in a WeChat message Wednesday morning. The updated R1, which is under a permissive MIT license, meaning it …
Karat Financial is bringing business banking to creators
Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Vi…
Odyssey’s new AI model streams 3D interactive worlds
Odyssey, a startup founded by self-driving pioneers Oliver Cameron and Jeff Hawke, has developed an AI model that lets users “interact” with streaming video. Available on the web in an “early demo,” the model generates and strea…