Stripe, a richly valued payments startup, has cut its internal valuation yet again, according to sources familiar with the manner. It is now valued, internally, at $63 billion. The cut, first reported by The Information, puts Stripe’s internal per-share price at $24.71, down 40% since peaking. The 11% cut comes after an internal valuation cut
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After years of denials and loathing, Apple may finally be getting around to bringing touchscreens to MacBooks. According to Bloomberg, Apple is actively working on this project and may break away from its long-standing approach of designing a traditional desktop system without a touchscreen. Apple could launch MacBooks with touchscreens by 2025 as a part
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Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music streaming, K-pop artists management, and other media (movie
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Launch startup ABL Space Systems’ first orbital launch attempt ended in failure Tuesday after all nine engines on the RS1 rocket’s first stage shut down simultaneously. The rocket subsequently hit the launch pad and was destroyed on impact. The rocket took off from the Pacific Spaceport Complex on Alaska’s Kodiak Island at around 6:27 PM
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The Inflation Reduction Act has clearly kickstarted investment in U.S. clean energy manufacturing. Last year, automakers and battery manufacturers announced that they’d spend tens of billions of dollars to ramp up EV production in the U.S. Now it’s solar’s turn. Today, Korean solar manufacturer Hanwha Qcells announced that it’ll spend $2.5 billion to build a
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This was the CES of putting things on my face. I spent time with the Magic Leap 2, Meta Quest Pro, Vive XR Elite and PSVR2 over the course of a few days. All of those products fit in the same bucket, more or less. And then there’s the Dyson Zone, a product that, quite
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It may have been a weird feeling to watch Golden Globe Awards live on television this year. Last year, the Hollywood Foreign Press Association (HFPA), the organization that hosts the ceremony, was criticized for lacking diversity, so NBC announced it wouldn’t broadcast the awards show and the event’s winners were live-tweeted instead. The HFPA claims it’s
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BMW AG CEO Oliver Zipse’s CES keynote last night introduced the German carmaker’s push into AI and a re-envisioning of dashboard displays with augmented reality. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: https://tinyurl.com/ycyevxda Get the latest in tech from
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Abby Miller Levy Contributor Last year was when we all got the wake-up call about longevity. From major reports published on the impact of longevity by the National Academy of Medicine and McKinsey to every leading newspaper, public discourse highlighted how our global healthcare, financial and housing infrastructure was failing to serve a rapidly growing
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Bad news for Google in Germany — where the antitrust watchdog has issued a preliminary statement of objections over its data processing terms and said it’s currently planning to require the tech giant to provide users with more choice over what it does with their information. The Bundeskartellamt, or Federal Cartel Office (FCO), has been investigating
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There are some mega-trends playing out across developed-world workforces that startups are picking up on. There’s the digitisation of healthcare, the ‘platforming’ of employee services, and the macro effects of older employees, combined with the cost of living crisis for new parents. Founded in London in 2018, Peppy offer services around menopause, fertility, pregnancy and
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AR/VR/MX took center stage at CES 2023. Automotive trends got a lot of love, as well, as did robotics and the metaverse. Heck, even pee-related gadgets had their moment to shine last week in Vegas. Another trend, however, was ever-present, if decidedly more understanded. The last few years have been a roller coaster for the
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Here’s something that seems all but a guarantee: The way we purchase expensive electronics is going to change. Years after the U.S. began moving away from the carrier-based model of phone purchases, it seems as though we’re heading toward another sort of subscription model in the form of hardware as a service. Even with that
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