Enterprise AI Firm Thrive Holdings Raises $2 Billion
Thrive Holdings, a company that brings artificial intelligence into the core operations of large businesses, said it completed a $2 billion funding round on Aug. 12. The company sits squarely…
Norway’s Sovereign Fund Posts $185 Billion Gain, CEO Warns of Harder Times
The Norwegian sovereign wealth fund, the largest in the world, earned $185 billion in the first half of 2026, a gain driven heavily by its holdings in semiconductor companies, CNBC…
Hims & Hers Posts Deeper Losses as Weight-Loss Push Turns Costly
The growth story arrived on schedule. The profit story did not. Hims & Hers Health, the online pharmacy that rode the weight-loss drug boom to record sales, reported a second…
Anthropic’s Amodei Courts Wary Investors Ahead of a Possible IPO
Dario Amodei has spent years describing artificial intelligence in the language of civilization, science and God. In private meetings with prospective investors this summer, the Anthropic chief executive has been…
Sequoia’s New Stewards Raise $10 Billion and Call the Market a White Swan
Alfred Lin and Pat Grady have run Sequoia Capital for less than a year. They have already raised more money than any leadership team in the firm’s 54-year history. Sequoia…
xAI Cofounder’s River AI Raises $1.1 Billion With Nvidia and AMD on Board
Igor Babuschkin left Elon Musk’s xAI to build a company of his own. On Monday, investors lined up to pay for it. River AI, the startup founded by the xAI…
Apple’s Payments Chief to Retire as iPhone Lineup Expands to Six Models
The executive who spent a decade persuading people to leave their wallets at home is stepping back. Apple said its senior vice president Eddy Cue sent a memo Monday confirming…
Google’s Gemini Passes a Billion Monthly Users, Fastest in Company History
Google’s Gemini chatbot now counts more than a billion monthly users, a mark that took the company’s other major products years to reach. Chief executive Sundar Pichai announced the figure…
Nvidia’s Credit Risk Gauge Eases After Financing Plan Gets a Clarification
The price of protecting against an Nvidia default eased on Monday, a day after the company said it would limit its exposure to a $500 billion plan to finance artificial-intelligence…
Temasek Weighs First Korean Equity Bet, Targeting Samsung and SK Hynix
Singapore’s Temasek is considering its first direct foray into Korean stocks, and it has set its sights on the country’s two memory-chip giants. The sovereign fund has been weighing investments…
