Author: Editor-In-Chief

Etched, an AI chip startup founded in 2022 by three Harvard dropouts, has closed a $300 million Series C funding round at a valuation of $10.3 billion, co-founder and chief operating officer Robert Wachen told TechCrunch. The round was led by Sequoia, with participation from Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital, as well as previous investors. Other backers of the company include names like Peter Thiel, Andrei Karpathy, Dylan Field, and Amjad Massad. Etched was valued at $5 billion when it raised $500 million in December, which means its valuation has doubled in about seven months. The…

Check out the companies that made the biggest moves at midday: Super Microcomputer — Shares soared 25% after the server maker reported preliminary fourth-quarter results that featured much stronger profitability than investors expected, offsetting revenue that hit near the lower end of guidance. EQT — Shares rose more than 6.6% after the natural gas producer reported better-than-expected second-quarter production. EQT also raised its 2026 sales volume outlook from 2,275 to 2,375 bcfe to 2,375 to 2,450 billion cubic feet equivalent (bcfe). Amazon — Shares of the e-commerce and cloud services giant fell 1%. Amazon is cutting jobs in its artificial…

The Senate was also expected to vote on the War Powers Resolution, largely a symbolic move to try to control President Trump.Four Republicans in the U.S. House of Representatives once again joined Democrats in voting to limit President Donald Trump’s powers to wage war against Iran.The resolution was passed by a vote of 214 to 208 on Thursday, nearly a week after three U.S. service members were killed in an Iranian attack on a military base in Jordan. Shortly after, another resolution in the U.S. Senate failed 47-49, with two Republicans who had supported the previous resolution declining to vote.Recommended…

Oil-rich Saudi Arabia has been pursuing nuclear technology for two decades. But now the deal with Washington formalizing Riyadh’s goals has raised concerns that the deal, combined with the chaotic aftermath of the war between Washington and Tehran, could plunge the region into a new arms race. The most controversial part of the deal, which reportedly gives Saudi Arabia the future option of enriching uranium on its own soil with less International Atomic Energy Agency (IAEA) oversight, has drawn the strongest reactions from Iranian, Israeli and American commentators. But in Tehran, where the United States and Israel launched a war…

Nvidia’s efforts to widely deploy its GPUs are aiming for a new goal: the moon. Lunar Outpost, a startup building robotics for space infrastructure, announced Thursday that its next lunar rover will use a Jetson chip to control its lidar system. If realized, this would likely be the first GPU on the moon. “We’re taking Nvidia Jetson and comparing it to our flight computing platform, which has a bit more of a spaceflight heritage,” said Justin Cyrus, CEO of Lunar Outpost. “(We’re) looking at what the strengths are and what the weaknesses are, and we’re committed to deploying systems with…

Credit card debt can arise for a variety of reasons.Some people get hooked on swiping their cards for discretionary items like clothes and household items, or leisure activities like eating out or watching movies. Some people don’t have the cash to cover emergencies like car repairs or medical issues. And many Americans rely on credit cards to get by, especially as prices for essentials like gas and groceries remain soaring.Regardless of how you got there, you should be careful if you’re faced with a large debt balance or if it’s at risk of spiraling out of control. Credit cards typically…

The Google logo appears on the smartphone screen, and the European flag appears on the computer screen.Nicholas Cocobris | Null Photo | Getty ImagesEuropean regulators imposed fines google The company claimed preferential treatment for its services and received 890 million euros ($1 billion). The fine is Google’s first under the European Union’s comprehensive digital markets law, which aims to scrutinize the business practices of big tech companies in Europe. Shares of Google’s parent company Alphabet fell about 4% in premarket trading, largely reflecting investor concerns about increased AI spending outlined in the company’s Wednesday earnings report.The European Commission, the EU’s…

House Oversight Committee Chairman James Comer said Thursday that Mr. JP Morgan Chase Investment banking head Jess Staley encouraged banks to keep Jeffrey Epstein as a client despite internal red flags about the convicted sex offender.Outside of a closed-door interview with the committee, Comer, R-Kentucky, told CNBC that “there appeared to be red flags about Mr. Epstein within JPMorgan, but Mr. Staley has been on record defending Mr. Epstein and encouraging JPMorgan to retain him as a client.” “I have a lot of questions about that.”Mr. Staley served as Mr. Epstein’s private banker during his more than 30 years at…

A series of strikes by Ukraine against the warehouses of Russia’s largest online retailer could set hundreds of millions of dollars worth of inventory ablaze, sparking an online uproar among the country’s beleaguered small business owners. Over the weekend, Ukrainian drones attacked Wildberry distribution centers in Elektrostal in the Moscow region and Kotovsk in the Tambov region. A second wave of attacks hit distribution warehouses in the Krasnodar and Stavropol regions early Wednesday, while state media in southwestern Voronezh also reported that drone attacks forced the closure of a wild berry warehouse there late Wednesday and into Thursday. The attack…

Meta’s latest ad opens with a shot of a black-and-white eye, showing what people are seeing when they read countless panicked headlines about how AI will take our jobs, isolate us, and cause a global crisis. “AI will make us less connected, leading some to wonder if it will leave us behind,” the narrator says. “We couldn’t disagree more.” Suddenly, the video changes to color and shows a cycle of various people opening their eyes and smiling. We then see a couple dancing on the rooftop, pointing at the rainbow. A group of teenagers swimming in a lake. Children playing…