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Pharmaceutical
Biopharmaceutical giant Amgen announced Tuesday that it will invest more than $600 million to build a state-of-the-art research and development facility at its headquarters in Thousand Oaks, California. The move underscores the industry’s renewed push to strengthen U.S.-based operations amid mounting political pressure to reduce reliance on
Finance
Swedish buy now, pay later (BNPL) pioneer Klarna is moving forward with a long-anticipated public debut, announcing plans to raise up to $1.27 billion in a New York Stock Exchange listing that could value the company at up to $14 billion. Details of the Offering According to Klarna’s
Artificial Intelligence (AI)
WordPress is taking its first major step into AI-powered web development with the introduction of Telex, a new experimental tool designed to help users generate custom WordPress blocks using simple text prompts. The tool was unveiled last week by CEO Matt Mullenweg during his keynote at WordCamp US 2025 in
Artificial Intelligence (AI)
Anthropic, the artificial intelligence company best known for its Claude models, has closed a landmark $13 billion Series F funding round, pushing its post-money valuation to $183 billion. The company says the fresh capital will be used to scale enterprise adoption, deepen AI safety research, and fuel international expansion. Investor
Artificial Intelligence (AI)
Mukesh Ambani, India’s richest man and chairman of Reliance Industries, has announced an ambitious new venture aimed at transforming India into a global hub for artificial intelligence. Speaking at the company’s 48th annual general meeting on Friday, Ambani launched Reliance Intelligence, a wholly owned subsidiary that will build
Artificial Intelligence (AI)
Elon Musk’s artificial intelligence startup, xAI, announced on Thursday the release of its first agentic coding model, marking the company’s entry into one of the most competitive arenas in AI development. The model, named grok-code-fast-1, is described by xAI as a “speedy and economical” tool designed to autonomously
Artificial Intelligence (AI)
Microsoft is deepening its artificial intelligence strategy with the introduction of two new models built entirely in-house, signaling a push to become more self-reliant in a field it has so far dominated through partnerships. The first, MAI-Voice-1, is the company’s debut natural speech generation model. Already integrated into Copilot
Energy
Massachusetts-based Commonwealth Fusion Systems (CFS) has secured $863 million in fresh funding, drawing support from an impressive roster of backers including Nvidia, Google, Breakthrough Energy Ventures, and a long list of venture and institutional investors. The raise marks another milestone for the most heavily funded fusion startup, pushing its total
Media
Typepad, one of the earliest hosted blogging services and a contemporary of WordPress, has announced that it will officially shut down on September 30, 2025. The company shared the news in a farewell post, calling it a “difficult decision” to discontinue the service after more than two decades online. Launched
Media
Peacock, NBCUniversal’s streaming service, is officially joining Amazon’s Prime Video Channels lineup as part of a wide-ranging agreement between Comcast and Amazon. The move marks Peacock’s most significant expansion into third-party distribution to date and could signal a broader shift in strategy for the platform. Beginning immediately,
Retail
Walgreens has undergone a major leadership shakeup following its $10 billion acquisition by private equity firm Sycamore Partners. The deal, finalized on Thursday, also marks a structural overhaul that splits the business into several independent companies. According to a company statement, Walgreens — the well-known U.S. retail pharmacy chain — will
Web Design
Framer, the Amsterdam-based no-code website builder, has reached a $2 billion valuation after raising $100 million in Series D funding, led by existing investors Meritech and Atomico. The round underscores both Framer’s momentum and the growing demand for next-generation website building platforms. The funding follows Framer’s $27 million