A new device promises to let you solo-mine Bitcoin from your desk for just $60. It works like a lottery, submitting mining tickets with its 1,000 KH/s of power. But the odds of actually winning a block are astronomically low.
FineToday Holdings is using a $350 million loan from Goldman Sachs to pay dividends to its shareholders. This type of deal, called a dividend recapitalization, is becoming more common in the private credit world.
The shift from “employees” to “workers” isn’t just semantics. It signals a deeper rot in tech, driven by private equity’s 5-year ROI plans and the automation of creativity. The result is a disposable workforce ill-equipped for real innovation.
Yann LeCun, Meta’s outgoing chief AI scientist, is launching a new startup from Europe. He says Silicon Valley is “hypnotised” by generative AI and his company will pursue a different path with “world models.” The project has backing from Meta but will operate independently.
Bitcoin just had its worst single-day drop since March, tumbling from around $91,000 to under $85,000. The sell-off dragged down the entire crypto market and related stocks, raising fresh questions about stability.
A startup founded by ex-McKinsey consultants just raised $2 million to tackle a surprisingly analog problem in the $250 billion consulting industry. Their target? The endless Excel marathons for survey analysis in private equity due diligence.
A London-based growth equity firm has closed a huge new fund to invest in European software companies that have grown without venture capital. The €323 million fund will write checks between €8.6 million and €21.5 million to help founders scale.
Decagon, founded by 28-year-old Jesse Zhang, uses AI agents to handle customer service for companies like Notion and Hertz. The startup is now valued at $1.5 billion and is reportedly raising again at a $4 billion target, but faces brutal competition from Salesforce and a $10B rival.
The lines between venture capital and private equity have blurred in the AI sector, creating a financial feedback loop that’s driving unprecedented market concentration. With AI companies burning through cash and using complex financial structures to hide leverage, we’re seeing classic bubble charac
OpenAI is committing to staggering data center expenses while user growth plateaus. The company needs unprecedented revenue growth to survive its massive financial commitments in an increasingly competitive AI market.
