ScrubMarine is developing autonomous hull-cleaning and inspection robots that target biofouling - the build-up of algae, barnacles and slime on ships' hulls. This growth increases drag, driving up fuel consumption and emissions. Devanathan estimates biofouling adds more than $100 billion a year to global shipping costs. "Biofouling is a hidden problem, but it's a massive one," he said. "It increases drag on the vessel, which increases fuel burn. That's a huge cost for operators, and it's also bad for the environment."
The TikTok deal positions Oracle as a key investor and security partner, potentially providing a new revenue stream through cloud services and data management for TikTok's 170 million U.S. users. While Oracle's cloud infrastructure growth has been driven primarily by artificial intelligence (AI) demand, concerns have skyrocketed in recent weeks over Oracle's debt and capital expenditures, as well as fears of an AI-spending slowdown.
Givefront, a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley's Aidan Sunbury, aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars each year, yet most still rely on outdated financial tools. Givefront believes that modern spend management, compliance, and reporting infrastructure-tailored to nonprofit realities-can unlock significant efficiency gains across the sector.
A Harris Poll survey commissioned by Dub in June highlights the contradiction: While 60% of Gen Z and 66% of millennials are investing in the stock market outside of their 401(k)s, just 17% of Americans feel "very confident" in their understanding of how markets actually work. Most believe investing, rather than a traditional nine-to-five career, offers the fastest path to wealth-a dream increasingly shaped by viral TikTok finance videos or meme-stock success stories rather than grounded investment knowledge, Wang told Fortune this summer.
Erebor Bank, Palmer Luckey's finance startup backed by some of the biggest names in tech, got one step closer to launching after it cleared another key federal hurdle this week. The Federal Deposit Insurance Corp. approved Erebor on December 16 with conditions: The bank is subject to a strict capitalization requirement and must have investors ready to provide more funding if called upon. The bank still requires final approval from the Office of the Comptroller of the Currency.
At the core of any move back to ETFs as a major part of your portfolio is going to be looking for safety. In this market, timing when to get in and out is next to impossible, and with interest rate uncertainty and the potential of an "AI bubble." Instead of trying to hand-pick stocks in a market that is punishing earnings misses with brutal results, Vanguard ETFs solve this search by allowing you to essentially "own" the market rather than tying your fortunes up in the hands of a few simple companies.
PSV Hafnium's successful final close is a strong signal for deep tech innovation in Denmark and the Nordics. The pace at which new research-driven technologies are emerging from DTU's laboratories has never been higher, and the need for early-stage capital that dares to back initial scientific breakthroughs is critical. PSV Hafnium embodies this mission when helping researchers translate frontier research into global solutions. DTU is proud to have initiated and supported the fund from its inception, as early-stage funding is a
In a civil complaint, the SEC has charged Luckey with violating securities laws for using millions of dollars of company funds to pay for her home, Super Bowl tickets, and a destination wedding in the Caribbean. The SEC alleges she painted a rosy picture of the company's booming revenue when ComplYant never brought in more than $620 in monthly revenue.
Spinny, an Indian online marketplace for used cars, is raising around $160 million as it moves to acquire car services startup GoMechanic, TechCrunch has learned. The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation.
As AI accelerates code production, it is widening a bottleneck in the far larger "after-code" phase of software development - the testing, security checks, and deployment work that still consumes nearly 70% of engineering time. Harness's tools help automate this sprawling, error-prone layer, even as enterprises grapple with rising AI code volume and the risks of shipping even a single line of faulty software into production systems.
About three years ago, I was picking my daughter up from school and started chatting with parents about how arduous it is to run the kids' social lives. One mom said that she felt like an executive assistant for her daughter. There was a lot of frustration and angst toward the kids, and as a dad of three, I understood it.
Oak Hill Capital is buying Hunter Communications, Oregon's largest privately-owned fiber-optic internet provider, from Grain Management for an undisclosed sum. Hunter Communications has more than 3,000 route miles of fiber infrastructure, and Grain Management initially invested in the company in 2020. Much of Hunter Communications' growth in terms of markets served and products offered happened under the ownership of Grain Management.
Whether you're already retired or planning for one, investing in retirement will require a balance of strategies that ensure income for the short term and long term. If you invest in the right types of exchange-traded funds (ETFs), you can build a diversified portfolio that ensures steady passive income and capital growth. With hundreds of ETFs in the market today, you need to be careful when you're picking one.
When businesses decide to engage with crypto, they quickly discover the landscape is fragmented across numerous blockchains. If they want to move assets between different chains, they must often rely on a technology called bridging that can prove insecure and expensive. Philipp Zentner, cofounder and CEO of LI.FI, created his company to address these issues. The startup provides businesses with price comparisons of exchange rates and bridging fees. It also aims to find businesses the most efficient and cost-effective pathway for each transaction.
Solana is really among the most scalable and lowest-cost networks out there. That's this project's selling point, and it's the reason why so many developers, users and investors have continued to flock to this platform over time. Being able to process nearly 1,000 transactions per second (and well more than that, theoretically), Solana has become a top network for decentralized exchanges and other projects focused on high-volume trading due to this network's speed, but also its rock-bottom transaction costs.
Naveen Rao, the former head of AI at Databricks, has raised $475 million in seed capital at a $4.5 billion valuation for his new startup, Unconventional AI. The round was led by Andreessen Horowitz and Lightspeed Ventures, with participation from Lux Capital and DCVC. The funding is a first installment towards the goal of up to $1 billion for the round, Rao told Bloomberg.
America's $1.6T construction industry faces a critical infrastructure crisis: while housing starts reached 1.43M units in mid-2025, 77% of developers report permitting delays, with cities like San Francisco averaging 33 months just to secure approval. This pre-construction bottleneck has compounded a 4.7M housing unit shortage, pushing median home prices up $88K since 2020 while construction timelines stretch beyond 300 days from permit to final inspection in many markets.
He therefore texted OpenAI CEO Sam Altman, who apparently confirmed the veracity of those posts, before contacting Boom's engineering team, who unbeknown to Scholl had already created "the outline of a plan to build a power turbine based on our Symphony supersonic engine." "After a few conversations, it became clear: AI didn't just need more turbines - it needed a new and fundamentally better turbine," Scholl wrote.
AWS executive Sarah Cooper has launched several companies and held roles at NASA and AWS, but she's only ever formally interviewed for three jobs. Instead, Cooper told Business Insider that her career moves often begin with writing a proposal about the work she wants to pursue, either to a VC, a cofounder, or an executive leader, and that becomes the role she steps into.
Cofounders Chris Lattner and Tim Davis have spent decades building the software plumbing that sits beneath the modern tech industry. Lattner is famous for creating Apple's Swift programming language. He also built the software underpinning Google's TPU AI chips, with Modular cofounder Tim Davis. They're now aiming that expertise at CUDA itself. The attempt borders on madness, but it's the kind of audacious project that could transform the AI industry.
Since Slack's launch in early 2013, the company has raised more than $320 million in funding-its $160 million round in April boosted the San Francisco company's private valuation to nearly $3 billion. The workplace messaging software has amassed 2 million daily active users since the service officially launched in February 2014-that's almost double the tally from six months ago. And many Slack users stay connected to the service an average of 10 hours daily, Underwood said.
