Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap…
Over the next year, Aurora Innovation CEO Chris Urmson wants to “unlock” the Sunbelt of the United States, a southern route where its self-driving trucks will carry goods for companies like Uber Freight and Hirschbach Motor Lines. Aurora, which launched its driverless commercial self-driving truck service this spring, has already made some progress towards that…
Echoing sentiments shared in his “superintelligence”-focused blog post this morning, Meta CEO Mark Zuckerberg expanded on his bullish ideas that glasses will be the primary way users interact with AI in the years ahead. During Meta’s second quarter earnings call, the social networking exec told investors he believes people without AI glasses will be at…
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure, like data centers and servers. “We currently expect 2025 capital expenditures, including principal payments on finance leases,…
The Trump administration said on Wednesday that it secured commitments from Google, OpenAI, Amazon, Anthropic, and Apple to start building a digital health ecosystem. The efforts will focus on two areas: creating a framework for patients and providers to easily share information, and creating more personal tools so patients can access resources needed to stay…
Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora…
A new startup called Germ is bringing end-to-end encrypted messaging to the Bluesky social network, allowing its users to have a more secure option for chats than Bluesky’s existing DMs. After over two years of development, the service is launching its encrypted DMs for Bluesky into beta this week, with plans to gradually onboard new…
Meta recently released a new video editing app for creators called Edits. The new app is designed to rival ByteDance’s CapCut, a popular short-form video-editing app used by many creators. Meta first shared that it was working on Edits back in January after ByteDance-owned CapCut was removed from U.S. app stores when the TikTok ban…
Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million…
Skechers introduced a line of kids’ sneakers that contain a hidden compartment where parents can slip in an Apple AirTag. Inside the heel of the shoe, a small insert can be lifted to reveal the compartment. Then, parents can track the location of their child — or, at least their child’s shoes. These shoes don’t…
