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Business Insights
CVC Capital Partners is close to acquiring a majority stake in Namecheap, one of the world’s largest domain registrars and web-hosting providers, in a transaction that values the company at about $1.5 billion including debt, according to people familiar with the matter, the Wall Street Journal reported. Deal
Artificial Intelligence (AI)
Alibaba Group Holding has unveiled its latest artificial intelligence model, marking a major leap in efficiency and cost-effectiveness. The model, developed under the Qwen3-Next architecture, is said to be 10 times more powerful yet requires only a tenth of the cost to build compared with its predecessor, according to announcements
Finance
OpenAI announced Thursday that it has reached a non-binding agreement with Microsoft, its largest investor, to restructure its for-profit arm into a public benefit corporation (PBC) — a move that could reshape the AI startup’s governance and fundraising model. If approved by regulators in California and Delaware, the shift would
Advertising
In a landmark move that further reshapes the streaming ad landscape, Amazon and Netflix have entered into a significant partnership that will make Netflix’s ad-supported inventory available through Amazon’s demand-side platform (DSP). The integration is set to roll out in Q4 across key international markets, including the United
Transportation
If you know Arc Boats, the Los Angeles startup founded in 2021 by former SpaceX engineers, it’s probably because of its sleek, futuristic sport boats. But the company is now steering into heavier waters: tugboats. On Wednesday, Arc announced its first major commercial contract — a $160 million deal with
Funding
Fintech company Pipe is teaming up with Uber Eats in a new initiative designed to make it easier for small restaurants to secure capital. The partnership will embed Pipe’s financing technology directly into the Uber Eats Manager app, giving thousands of U.S. restaurants access to customized, pre-approved funding
Transportation
Lyft riders in Atlanta can now hail a self-driving vehicle through the app, marking the first commercial rollout of the company’s partnership with autonomous vehicle startup May Mobility. The pilot program, which began this week, represents Lyft’s latest effort to gain ground in the increasingly competitive robotaxi market.
Transportation
Amazon-owned Zoox has officially opened its futuristic robotaxi rides to the public in Las Vegas — and for now, they’re free. The company, which has been developing its custom-built autonomous vehicles for more than six years, announced Wednesday that anyone over 18 can now hail one of its driverless cars
Retail
Potbelly, the Chicago-based sandwich shop chain, announced Wednesday that it will be acquired by convenience-store operator RaceTrac in a $566 million all-cash transaction. The deal, which values Potbelly shares at $17.12 apiece—a 47% premium to Tuesday’s closing price—is expected to close in the fourth quarter of
Pharmaceutical
Novartis announced Tuesday that it will acquire U.S.-based Tourmaline Bio in a deal valued at roughly $1.4 billion, as the Swiss pharmaceutical giant seeks to expand its cardiovascular drug portfolio. Under the agreement, Novartis will purchase Tourmaline Bio shares at $48 each, valuing the clinical-stage biopharma company
Cloud Computing
Nebius Group announced on Monday that it has signed a landmark agreement to provide Microsoft with GPU infrastructure capacity in a deal valued at $17.4 billion over five years. The agreement, which could expand to $19.4 billion if Microsoft opts for additional capacity, underscores the booming demand for
Artificial Intelligence (AI)
Cognition AI, the fast-rising startup behind the AI coding agent Devin, has surged to a $10.2 billion valuation after securing a fresh $400 million funding round, according to Bloomberg. The deal represents a steep jump from the company’s $4 billion valuation earlier this year and signals investor confidence