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Cloud Computing
Cloud infrastructure provider CoreWeave announced Monday its acquisition of Core Scientific, a data center infrastructure company, in a $9 billion all-stock transaction. This move marks one of the largest consolidation efforts in the AI infrastructure space, as demand for compute power continues to skyrocket. With this acquisition, CoreWeave gains access
Food
Luckin Coffee, the Chinese chain that skyrocketed to popularity by outpacing Starbucks in its own strongest international market, is officially entering the U.S. — and it's not being subtle about it. The fast-growing brand launched its first two American stores on Monday in New York City, signaling a
Design
Figma, the collaborative design software powerhouse, took a major step toward going public on Tuesday by filing its S-1 with the SEC. While the filing stops short of revealing how many shares will be offered or at what price, it provides the most comprehensive look yet into Figma’s financial
Tech Insights
Grammarly has announced its acquisition of Superhuman, a premium email client known for its fast, AI-powered user experience. The strategic deal, unveiled on Tuesday, marks Grammarly’s latest move to expand its AI-driven productivity suite. While financial terms of the acquisition were not disclosed, the implications are significant: Grammarly is
Cybersecurity
Israeli cybersecurity firm Cato Networks announced it has raised $359 million in a fresh funding round, boosting its valuation to over $4.8 billion. The significant investment underscores growing investor confidence in AI-driven cybersecurity solutions, as companies face an escalating wave of sophisticated digital threats. The round was led by
Retail
Home Depot has announced a definitive agreement to acquire GMS Inc., a major building products distributor, for approximately $4.3 billion in cash, intensifying its push to serve professional contractors and tradespeople. The acquisition, expected to close by early 2026, will be executed through Home Depot’s SRS Distribution subsidiary,
Transportation
In a significant step forward for autonomous transportation, Uber customers in Atlanta can now hail a driverless Waymo robotaxi directly through the Uber app. This marks Atlanta as the second U.S. city, after Austin, to host the growing collaboration between Uber and Waymo, two companies that were once rivals
Style & Beauty
Unilever announced Monday, June 23, that it will acquire men’s personal care brand Dr. Squatch, a move that signals the consumer goods giant’s deepening focus on Gen Z consumers and influencer-led marketing. The terms of the deal were not disclosed, but it is expected to close later this
Tech Insights
Amazon has unveiled a significant investment plan, committing approximately $233 million to bolster its operations in India. Announced on Thursday, the move aims to expand the company's logistics infrastructure, enhance technological capabilities for its delivery network, and further its commitment to employee safety and well-being. The investment forms
Transportation
At this year’s Cannes Lions advertising festival, Uber unveiled a bold new move in its growing ad business: an interactive ad format that lets brands pay to give users discounts on their next rides. Dubbed “Ride Offers,” the ad unit makes promotional content more actionable — and personal. The initiative
Software Development
Anysphere, the company behind the popular AI coding assistant Cursor, has unveiled a new $200-per-month subscription tier called Ultra, offering a major upgrade for power users. Announced in a blog post Monday, the Ultra plan provides 20 times more usage of leading AI models from OpenAI, Anthropic, Google DeepMind, and
Military & Defense
Rising defense tech startup Mach Industries has raised $100 million in a new funding round, bringing its valuation to $470 million. The announcement follows a period of rapid growth and technological development for the company, which was founded just two years ago by Ethan Thornton, who dropped out of MIT