Jason Kilar, the former CEO of WarnerMedia, has publicly warned that a sale of Warner Bros. Discovery to Netflix would be a disaster for competition. He argues it would create a streaming behemoth controlling nearly half the market, leading to higher prices and fewer choices.
Nvidia’s path to becoming a $4 trillion company almost ended in the 1990s. A failed deal with Sega led to a desperate plea for a $5 million investment, which a Sega executive granted simply because he liked the young CEO.
Castelion has secured $350 million to move its Blackbeard hypersonic missile from testing to mass production. The funding aims to close a critical U.S. capability gap against China and Russia by building a new manufacturing base.
The massive spending on AI isn’t just flowing to Big Tech. Industrial equipment makers like Caterpillar and Cummins are seeing explosive growth by providing the crucial power generators for new data centers. Their stock prices are hitting records as demand for backup and primary power soars.
Cloud data backup startup Eon has raised a massive $300 million Series D, skyrocketing its valuation to $4 billion. The funding highlights the intense investor focus on data management platforms that serve the AI boom. But is the hype justified?
According to Forbes, RTX stock is near a key moving average, a signal that has preceded gains 71% of the time in the last decade. The company also just announced a strategic collaboration with Amazon Web Services.
Anaconda is bringing its open-source curation model to the AI world with AI Catalyst. The new suite offers a vetted catalog of models and tools designed to speed up development while tackling data governance and security headaches, especially in regulated industries. It’s launching on AWS now, with
Uber is launching a robotaxi service in Dallas today using vehicles from startup Avride. The service will start with human safety drivers and charge standard UberX rates. This is one of over 20 autonomous vehicle partnerships Uber has forged.
Fin, a startup from ex-Citadel engineers, just raised $17 million to build a global payments app using stablecoins. It’s targeting large transfers, like hundreds of thousands of dollars, that are clunky with traditional banks. The app plans to pilot with import/export businesses next month.
ING is launching a dedicated private markets business, aiming to connect alternative capital with corporate clients. The move follows a broader banking trend but comes with significant execution risks.
