Author: Editor-In-Chief
Harness, an AI DevOps tool founded by serial entrepreneur Jyoti Bansal in 2017, is expected to generate more than $250 million in annual recurring revenue by 2025, Bansal told TechCrunch. The startup just raised $240 million in new Series E funding, giving the company a post-money value of $5.5 billion. The round includes a $200 million primary investment led by Goldman Sachs and a planned $40 million tender offer with participation from IVP, Menlo Ventures and Unusual Ventures. Bansal said the tender offer is aimed at providing long-term liquidity to employees. The new valuation is a 49% increase from the…
Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC television producers were watching Wednesday and what they’re looking at for Thursday’s session. Post-Fed movers and shakers Stocks soared after a divided Fed cut rates by a quarter of a point and signaled little appetite for further easing. The Russell 2000 hit new intraday highs, but the Dow and S&P 500 were less than 1% shy of their all-time highs. Industry and materials…
Photo | Future Publishing | Getty ImagesNvidia The company is developing software that can provide location verification for its AI graphics processing units (GPUs), and the move comes as the U.S. government ramps up efforts to block the use of restricted chips in countries such as China.The company said in a blog post Wednesday that the opt-in service uses a client software agent that Nvidia chip customers can install to monitor the health of their AI GPUs. Nvidia also said that customers will be able to “visualize their GPU fleet usage globally or by compute zone (a group of nodes…
A friendly competition is underway between the world’s most luxurious hospitality brands. What about the prize? Command of the high seas, or at least bragging rights. Following The Ritz-Carlton’s introduction of yacht service in 2022, Four Seasons, Orient Express and Aman are also preparing to set sail with their luxury fleets. Four Seasons plans to launch Four Seasons I next March, Orient Express’ first ship Corinthian in June next year, and Aman’s Amangati in spring 2027. Four Seasons is building two follow-on ships, the first scheduled for completion in 2027, and Orient Express, with its second scheduled for completion in…
Oscar Piastri has explained why he expects McLaren to continue treating its drivers with “complete fairness and equality” next season, saying Lando Norris “hasn’t become Superman”.Norris became world champion for the first time on Sunday after winning a three-way title decider against McLaren teammate Piastri and Red Bull’s Max Verstappen. Some commentators have theorized that Norris’ status as world champion could lead to preferential treatment for the Brit from 2026 onwards, but Piastri vehemently denied that idea. “I don’t think it changes anything,” Piastri said after finishing second in Sunday’s final race in Abu Dhabi and third in the drivers’…
Spotify may be synonymous with music streaming, but it also has a sideline in a hugely popular developer tool called “Backstage.” Backstage is an open source project that helps companies build their own internal developer portals. A catalog of developer tools and an easy visualization of the work they did and other metrics. However, like many open source projects, Backstage is an option to build yourself. Israeli startup Port uses its own Backstage competitor to win big customers like GitHub, British Telecom, and LG. Backstage is a developer tools portal that also supports AI agent management. On Thursday, Port, founded…
An undated editorial illustration depicting Indian rupee cash banknotes and a stock market indicator board.Javier Guerci | Moments | Getty ImagesThis report is from this week’s CNBC Inside India newsletter, delivering timely and insightful news and market commentary on emerging powers. Subscribe here.big storyIndia’s growing investor base is increasingly attracting global attention, and there is renewed interest from fund companies. This year, BlackRock, the world’s largest fund company, launched multiple mutual fund schemes in India through Jio BlackRock to mark the US firm’s re-entry after its exit in 2018. State Street, the world’s fourth-largest asset manager, is reportedly considering acquiring…
The United States seized an oil tanker off the coast of Venezuela on Wednesday, increasing American pressure on President Nicolas Maduro’s government. Here’s what we know: Attorney General Pam Bondi said the tanker has been sanctioned by the United States for years “for its involvement in an illegal oil transportation network that supports foreign terrorist organizations, including Venezuela and Iran.” Bondi posted a video to X showing armed personnel rappelling onto the ship from a helicopter and moving across the deck with guns drawn. He said the FBI, Homeland Security Investigations and the U.S. Coast Guard conducted the seizure “with…
When Sir Chris Hoy revealed a year ago that he had received the devastating news of a terminal diagnosis of prostate cancer, what was actually more touching was his smile and zest for life. That’s when he decided to fight cancer and live life to the fullest. Two years after her diagnosis, Hui remains an inspirational character. Sir Chris is an active advocate of new treatments and medicines, as well as a visible spokesperson for awareness, funding and research. Speaking to Sky Sports about his recent recovery from a broken leg sustained on an outing on his favorite bike, Hoy…
LONDON – European stock markets opened slightly lower on Thursday as investors digested the U.S. Federal Reserve’s latest rate cut and the Swiss central bank’s decision to keep interest rates on hold.pan-european Stocks 600 Shares were down about 0.1% as of 8:27 a.m. ET in London.The Swiss central bank announced its latest monetary policy decision on Thursday, leaving interest rates unchanged at 0%, citing slightly lower than expected inflation.The Swiss National Bank said in a statement that global economic growth in the third quarter was better than expected, but it did not say anything: “While U.S. tariffs and trade policy…