The morning after we wrote in Fortune about a controversial Chancery Court decision involving Cloudflare, Vice Chancellor J. Travis Laster moved with uncommon speed to certify an interlocutory appeal of his ruling to the Delaware Supreme Court. Corporate boards might read that as a sign the system is correcting itself. They shouldn’t, at least not
AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week. The startup is raising $5 billion at a $40 billion pre-money valuation, according to multiple sources familiar with the matter. Accel is leading the round, according to the sources. Previously, Thinking Machines Lab, which was founded
Picture a “cloudless” day—not in the meteorological sense, but one in which digital operations come to a sudden, catastrophic halt. Financial transactions stall. AI applications lose access to data. Supply chains slow, and customer experiences suffer. It may sound improbable, yet recent events suggest otherwise. In 2024, subsea cable damage caused widespread internet outages that
Elon Musk spent a fortune on the doomed GOP midterms, but his losses are still piling up days later as SpaceX and Tesla shares tank. The rout in both Tesla and SpaceX continued for a second day on Thursday, with both stocks tumbling in the aftermath of the blue wave that swept the Democrats back
An ambitious joint venture to bring U.S. stocks onto the blockchain appears to be on life support. The venture, cochaired by former New York Gov. Andrew Cuomo, and led by crypto firm OKX and the parent company of the New York Stock Exchange, announced plans last month to offer round-the-clock trading of tokenized shares of
Harvey has been taking early steps toward an initial public offering. The legal artificial intelligence startup, which was recently valued at $15.5 billion, has held talks with lawyers at Latham & Watkins about going public, according to two people familiar with the matter. The discussions were preliminary, with no listing imminent, one of the people
