A potential cluster of mega-listings by SpaceX, OpenAI and Anthropic this year could cement the dominance of venture firms that managed to get into the most important private companies of the last decade. For years, venture investing has been defined by a lack of cash returns. Startups stayed ...

SpaceX postponed its closely watched first Starship test launch of 2026 after encountering last-minute problems on the launch pad Thursday evening. In a post on X , CEO Elon Musk said the “hydraulic pin holding the tower arm in place did not retract” and said SpaceX would launch the rocket tomorrow if it can fix the problem overnight. The attempt was supposed to be the first test launch of

Blockchain.com said it has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering. Founded in 2011 and headquartered in London, Blockchain.com serves as a crypto brokerage, meaning it executes trades for customers by using crypto from other exchanges or from its internal inventory. In 2022, the company raised funding at a $14 billion

Businesses used to feel locked in to their enterprise software providers, but some now say they can cut and run if they need to.Companies such as insurer National Life Group, for instance, have negotiated “opt out” provisions that let them exit their software contracts or reduce their ...

OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period, according to two people with knowledge of the financials. OpenAI’s coding agent Codex, along with growth from selling to businesses and testing ads ...

Peter Levine, an Andreessen Horowitz general partner who stepped back from his role as an active investor six years ago after receiving treatment for a rare form of cancer, has made a full recovery and is returning to full-time work, according to a spokesperson for the venture capital giant. Levine, a former executive at Citrix Systems, joined the firm in 2011 and has focused primarily on

A long anticipated executive order on AI and cybersecurity from President Donald Trump will take a bit longer. The White House has postponed a Thursday afternoon ceremony to sign the order, which is expected to establish a voluntary framework for AI companies to submit future advanced AI models to intelligence and other government agencies for review ahead of those models’ public release,

Microsoft's GitHub unit has been on the defensive lately. Amid a series of outages and other snags, Jay Parikh, who oversees the software-project management platform, recently warned deputies that coding tools from Cursor and Anthropic could eventually make GitHub obsolete, my colleague Aaron ...

Anthropic is in talks to rent servers powered by Microsoft-designed AI server chips as it seeks more computing power to meet rising demand for its AI, according to two people who spoke to executives involved in the discussion. Winning Anthropic as a customer would be a coup for Microsoft, whose ...

Anthropic expects to generate $559 million in operating profit at the end of the June quarter, becoming profitable on an operating basis for the first time, according to a person with knowledge of the financials. A spike in revenue will drive the profit swing, which will take place about two years earlier than it had forecast. Anthropic expects to generate $10.9 billion in revenue for the June

Nvidia, wow. The AI chip giant did it again, delivering better than projected 85% revenue growth for its April quarter, the first in its 2027 fiscal year. Even better, Nvidia forecast 95% growth for the second quarter. Its fiscal 2027 is shaping up to be a firecracker, with sharply faster growth ...

SpaceX showed a deteriorating financial profile in the first quarter after it absorbed xAI and prepared to go public. The company lost $4.3 billion in the quarter that ended in March, while generating $4.7 billion in revenue. Its revenue growth slowed to about 15% in the quarter, compared to the same period last year. That contrasted with a 34% growth rate overall last year. SpaceX’s

Anthropic could pay SpaceX up to $40 billion over the next several years to use compute from data centers, but either company has the power to call off the deal early, SpaceX revealed when it filed for an initial public offering on Wednesday. SpaceX is receiving $1.25 billion per month from Anthropic each month through May 2029, though either company can end the deal with 90 days’ notice,

SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely partnership with Anthropic that are representative of the overall IPO story for Elon Musk’s company: Enormous potential, with risks everywhere. The company said Anthropic agreed to pay SpaceX $1.25 billion ...

Intuit shares dropped around 14% in extended trading on Wednesday as the maker of QuickBooks and TurboTax reported revenue growth dipping to its slowest pace since 2024. Revenue in the fiscal third quarter, which ended April 30, climbed 10% from the previous year to $8.6 billion, much less than the 17% year-over-year jump in revenue in the January quarter. The last time Intuit reported such a

Nvidia’s revenue grew 85% in the three months ended in April, 12 percentage points higher than the blistering growth the AI chip designer reported in the January quarter. It projected revenue would grow 95% in the current fiscal quarter, suggesting that the AI boom is far from peaking. The current-quarter results would mark the fourth consecutive quarter of sales-growth acceleration. To put

Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation shortly after receiving conditional approval from regulators for a bank license. The neobank, led by CEO and co-founder Immad Akhund, drew investment from TCV and existing venture firms such as Andreessen Horowitz, Coatue, Sequoia Capital and Spark Capital. The company raised $300 million at a $3.5 billion

The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, ...

OpenAI is preparing to file for an initial public offering in the coming weeks, according to people familiar with the matter. The filing could potentially speed up the offering for the pioneer of conversational artificial intelligence, accelerating a race with rival Anthropic to reach public investors first. Goldman Sachs and Morgan Stanley have been working on OpenAI’s draft IPO prospectus,

The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech.Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that ...