Stripe and private equity firm Advent International have reportedly made a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. Reuters reports that the offer was submitted earlier this month and is backed by approximately $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal,
India on Wednesday unveiled billions of dollars in new incentives for smartphone manufacturing and an expanded semiconductor push, seeking to build on its success in assembling Apple’s iPhones and shift more of the global electronics supply chain away from China. Called the Mobile Phone Manufacturing Scheme, the ₹625 billion (around $6.5 billion) program will run
AI models are becoming more capable, but exactly what enterprise adoption will look like remains a big unknown. In a bid to shape that future, labs like Anthropic and OpenAI have created independent companies dedicated to deploying AI engineers in their clients’ offices, a bid to help companies figure out how to use their AI
Realta Fusion has spent the last two years looking for a place to build its research and development facility. In the end, the former Oscar Mayer factory in Madison, Wisconsin was chosen. “From sausages to fusion,” Kieran Furlong, co-founder and CEO of Realta Fusion, told TechCrunch with a laugh. The new center, called Forge, will
Physical credentials used to be all that was needed for identity management in an enterprise. But now that humans work alongside machines and AI agents in digital environments, even identity tools built for the cloud era are proving inadequate. That’s the gap that Israeli startup Oak is trying to stealthily fill, he says. Co-founded by
When Senra CEO Jordan Black was an engineer at SpaceX, he took on the task of expanding the company’s wiring harnesses to support production of Starship, the company’s next-generation rocket. Wiring harnesses are what they sound like: the internal electrical wiring that runs through a rocket, car, plane or tractor and becomes increasingly important the
