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The IRS issued an apology for the leak of thousands of tax documents, including those of billionaire Ken Griffin, which occurred between 2018 and 2020. The apology followed a lawsuit Griffin filed ag…
Creatio, a Boston-based company specializing in no-code platforms for automating CRM and enterprise workflows, achieved unicorn status by securing a $200 million investment. Led by Sapphire Ventures …
Nicole Taylor, president and CEO of the Silicon Valley Community Foundation, reveals key insights on philanthropy. In 2023, the foundation in Mountain View, California, saw its donations surge to nea…
AI teammates transform work environments with tools that extend automation to complex functions. Mayfield Fund invests in AI-enabled tools for knowledge workers. Navin Chaddha, Mayfield's Managing Pa…
In 2024, the digital health sector faced slow growth but still attracted venture capital investments, particularly in AI-driven startups addressing administrative issues in U.S. healthcare. Notable c…
Nvidia recently experienced a significant market decline, losing about $431 billion in market capitalization. This drop concerns the financial and tech sectors about the company's value stability. Th…
Microsoft faces investigation in the EU over alleged monopolistic practices. The European Commission aims to determine if Microsoft engages in behaviors limiting competition within the software marke…
Fearless Fund's cofounder Ayana Parsons has resigned from her role as general partner and COO to "enjoy island life" with her family, announced in a LinkedIn post. Parsons cofounded the venture capit…
The Biden administration announced plans to improve affordable housing access amidst high living costs. Treasury Secretary Janet Yellen stated that $100 million will support affordable housing financ…
A major cyberattack on CDK Global Systems forced car dealerships across the country to revert to paper forms as they attempt to recover from mass outages. The attack hit the cloud-based software that…
Chift, a Belgium-based startup, raised €2.3 million ($2.5 million) in a seed round, backed by Entourage, Shapers, Seeder Fund, and business angels. Chift offers a unified set of APIs to help SaaS com…
Funding for autonomous driving startups has surged significantly after a slow start to the year. From January to April, less than 800 million dollars was raised, but since May 1, nearly 2.7 billion d…
The European Commission announced that Microsoft might have violated antitrust rules by bundling its Teams app with Office 365 and Microsoft 365 software, potentially restricting competition by not p…
The Biden administration takes steps to address the housing supply crisis, including a $100 million fund to support affordable housing financing over three years. Treasury Secretary Janet Yellen outl…
Emergence, a generative AI venture founded by ex-IBM leaders including Satya Nitta, raised $97.2 million and has credit lines exceeding $100 million to build a system for automating knowledge work us…
Jack Dorsey, co-founder of Twitter, now X, predicts that within the next decade, distinguishing between reality and deepfakes will become exceedingly difficult, likening it to living in a simulation.…
Klarity, an accounting startup based in San Francisco, raised $70 million in a Series B funding round led by Nat Friedman and Daniel Gross, with additional support from Scale Venture Partners, Tola C…
Alt meat startups experience decreased investor enthusiasm, resulting in harder-to-secure funding. Companies like Upside Foods, Believer Meats, and Good Meat previously attracted over $1.6 billion fr…
The European Union has charged Apple with antitrust violations, focusing on its restrictive App Store policies that allegedly harm competition. The charges might lead to significant changes for app d…
The IRS will deny billions of dollars in claims for the Employee Retention Credit (ERC), a pandemic-era tax break for small businesses. The IRS found that 10% to 20% of the over 1 million claims tota…