NYC startup
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48 minutes ago#NYCtech Week in Review: 1/4/26 - 1/10/26
Multiple NYC startups closed funding rounds, including Applecart ($100M), Semafor ($30M), Realize ($25.4M), and Autonomous Technologies Group ($15M pre-seed).
"There's interest across the board," Michael Kemper, MTA chief security officer, told THE CITY. "It's not only coming from the MTA, but from the business world, the AI business world, in working with us."
2026 is just getting started, and layoffs are already underway. Companies, including Angi, the company formerly known as Angie's List, and the popular web tool Tailwind, have cut staff, citing the impact of artificial intelligence among the reasons for the layoffs. More than 100 other companies, from Amazon to Nike to Verizon, have filed legally mandated WARN notices about job cuts to come in 2026, according to WARN Tracker.
2025 was a rough year for investors in The Trade Desk . The technology platform for advertisers looking to escape the walled gardens fell 67.7%, according to data from S&P Global Market Intelligence. Slowing revenue growth amid a changing landscape in digital advertising on television, along with the adoption of artificial intelligence ( AI), has led investors to bail on the stock.
Chinese officials are looking into whether Meta Platforms Inc.'s acquisition of artificial intelligence startup Manus violated regulations, an initial review that could hinder the deal down the road if officials determine wrongdoing. Regulators have begun a review of the transaction unveiled in December, including possible national security implications, people familiar with the matter said. Worth more than $2 billion, the deal will be assessed for its consistency with relevant laws and regulations, Ministry of Commerce spokesman He Yadong said at a regular briefing.
The markets are posting a dizzying performance after clinching record highs earlier this week. Technology deals and AI advancements are bullish catalysts, but that sentiment is failing to show up in the three of the major stock market indices today, which are mixed out of the gate. Most of the sectors of the economy are trading in the green today with the exception of tech stocks, which are down 1%, weighed down by the likes of Nvidia ( Nasdaq: NVDA), Apple ( Nasdaq: AAPL)
Microsoft stock has been a millionaire maker for decades, with a stock split-adjusted IPO price of $0.14, which means that at today's stock price around $480, the stock is up about 506,200%. That would have turned a $1,000 investment at Microsoft's initial public offering into about $5.4 million today, including dividends and stock splits. In the past month, Microsoft acquired AI firm Osmos, committed $17.5 billion to expand its cloud and AI infrastructure in India,
JPMorgan's asset and wealth management division is ditching its long-held practice of using external proxy advisors for advice on shareholder voting decisions. The bank said it was "the first major investment firm to fully eliminate any reliance on external proxy advisors for our U.S. voting process," according to an excerpt from an internal memo seen by Business Insider.
Modern cars, including EVs, have tons of safety features baked in, but sometimes the driver still has to take over when the going gets tough. That's why most new cars out there still have a button somewhere that disengages the traction control system, which can come in handy when tackling slippery roads or deep snow because it allows the wheels to spin without the electronics cutting power.
Stocks rose on Wall Street Tuesday afternoon and approached more all-time highs. The S&P 500 added 0.6% and is hovering around the record it set in late December. The Dow Jones Industrial Average rose 482 points, or 1%, after setting a record on Monday. The Nasdaq composite rose 0.6% as of 3:01 p.m. Eastern. Big tech companies were making some of the most notable moves. Amazon, which has reached into both retail and technology, surged 3.7%.
But the boom raises questions: Will it continue to be accompanied by a decline in tech and other jobs? Is it a bubble? RELATED: AI regulation battle looms in California despite Trump threats Tax revenue from stock-option withholding paid by some of the state's biggest tech companies made up about 10% of all income tax withholding in 2025, estimated Chas Alamo, the principal fiscal and policy analyst with the LAO.
CES 2026 is full of weird, fun tech that you didn't know you needed. Not everything is practical, but a lot of it is surprisingly clever. AI is popping up in places you'd never expect. The Consumer Electronics Show (CES) in Las Vegas is known for featuring some of the weirdest and wildest new tech products and concepts of the year.
If you're wondering why he got that gift, the answer is artificial intelligence. Lawrence has been one of the hottest quarterbacks in the NFL over the past eight games -- posting 19 touchdown passes and five rushing touchdowns -- and someone concocted an AI photo of Lawrence wearing a grill and a giant chain around his neck.
The United States has realised it cannot keep trying to police the whole world, argues Victor Gao, the vice president of the Center for China and Globalization in Beijing. Gao tells host Steve Clemons that improved China-US relations are inevitable although he warns that some American policymakers still view China as the number one threat and Chinese officials never underestimate what American neofascists will cook up next.
Shares of Palantir ( NASDAQ:PLTR) have been turbulently climbing back in the past month, and while the latest 7% slip in the face of what seems to be a Santa Claus slump, especially for tech stocks, investors might not wish to bet against CEO Alex Karp and company as they look to drive a comeback and bring the pain to Michael Burry, who's likely hanging onto his big bearish bets against the firm going into the new year.
After a tumultuous year marked by President Donald Trump's return to the White House and his swing towards tariffs and protectionism, recent growth has outpaced the expectations of most analysts. In a speech this month, Trump hailed his economic record, insisting that the US was on the cusp of an economic boom the likes of which the world has never seen.
Broadcom ( NASDAQ:AVGO) isn't a member of the Magnificent Seven, but it's now tussling with those same companies for the largest market cap. The AI chipmaker surpassed Tesla ( NASDAQ:TSLA) to become the 7th largest publicly traded corporation, and it's poised to move further up in the rankings. Meta Platforms ( NASDAQ:META) is an easy candidate since Broadcom briefly had a higher market cap than Facebook's parent company this year.
Our Q2 outlook reflects substantial records across revenue, gross margin, EPS and free cash flow, and we anticipate our business performance to continue strengthening through fiscal 2026. Micron's technology leadership, differentiated product portfolio, and strong operational execution position us as an essential AI enabler, and we are investing to support our customers' growing need for memory and storage," he said in the Q1 FY26 press release.