SoftBank’s Masayoshi Son Cried Selling $5.8B Nvidia Stake for AI Bets
SoftBank founder Masayoshi Son emotionally admits selling entire $5.8B Nvidia stake to fund OpenAI investments. "I was crying," he said at a Tokyo forum on Monday.
United States
News & stories from the United States – what startups and businesses are doing, celebs, business icons, Artificial Intelligence development, and other innovations.
“My son’s middle name is Sekhar”: Elon Musk tells Nikhil Kamath about partner Shivon’s Indian roots
In a wide-ranging chat on Zerodha co-founder Nikhil Kamath’s podcast, Elon Musk revealed for the first time that his partner Shivon Zilis, mother of several of his children, has Indian ancestry and that one of their sons carries the middle name “Sekhar.”
AI-Commerce Startup Onton Bags $7.5 Million to Challenge Retail Giants Worldwide
With rapid user growth and expansion plans into apparel and electronics, the startup is positioning itself to challenge retail giants.
Byju Raveendran to Appeal Delaware Court’s $1.07 Billion Default Judgment
Byju Raveendran will appeal a Delaware court’s default judgment holding him personally liable for over $1.07B, arguing the ruling was rushed and denied him a defence. The founders say lenders misled the court and plan federal racketeering and obstruction claims.
US Arrests Four, Including a CTO, Over Illegal Export of Nvidia Chips to China
Four individuals, including a CTO-designate, have been arrested in the U.S. for allegedly exporting restricted Nvidia A100, H100 and H200 GPUs to China using falsified paperwork and shell companies, violating tightened American export controls.
Valve Steam Machine price speculation as company signals PC‑like pricing
Valve’s long-rumoured Steam Machine is sparking global interest as early developer comments and analyst estimates suggest pricing similar to a mid-range gaming PC, potentially placing the device in the $500–$1,000 bracket depending on configuration.
New York’s AI Mortgage Startup Tidalwave Secures $22 Mn Series A Round
Tidalwave has raised a $22 million Series A led by Permanent Capital, with D.R. Horton joining as an investor and customer, as the AI-powered mortgage platform accelerates adoption and targets 4% of U.S. loan originations.
EQORE Raises $1.7 Million to Combat Rising Electricity Costs with Distributed Battery Storage
Boston-based EQORE has secured $1.7 million in seed funding from MassCEC, Henry Ford III, and Jonathan Kraft to expand behind-the-meter battery storage for industrial and commercial facilities, helping businesses cut soaring electricity costs and support grid stability.
Cavela Bags $6.6 Mn to Automate Product Sourcing and Slash Manufacturing Costs
AI-sourcing startup Cavela secured $6.6M in seed funding to help e-commerce brands streamline product manufacturing with autonomous AI agents that find global suppliers, negotiate quotes, and reduce costs despite tariff volatility.
Numeric Raises $51 Mn Series B, Expands From Close Management to Comprehensive Finance Platform
San Francisco-based Numeric secures $51M Series B for AI-powered finance platform expansion. New funding supports launch of cash management product and growth beyond close management.
Luma AI Raises $900 Million Led by HUMAIN to Power 2GW AI Supercluster in Saudi Arabia
Luma AI has raised $900M in Series C funding led by HUMAIN to accelerate its multimodal world models, with Saudi Arabia’s 2GW Project Halo supercluster set to power the company’s next stage of large-scale AI training.
Nuevo León Government Reveals $1 Billion Funding Source After Nvidia’s Denial
Nuevo León has clarified the source of the US $1B data center investment after Nvidia denied involvement. The funding will come from Mexican AI firm Cipre Holdings, which plans to build the state’s first green AI data center.