Nearly 200 Silicon Valley companies, including Proton and Y Combinator, are urging the Trump administration not to cut off access to open-source Chinese AI models or risk crippling the next generation of American startups. On Wednesday, the newly formed Little Tech Association sent letters to President Donald Trump, Commerce Secretary Howard Lutnick and other members
Anthropic jumped to a revenue rate of $47 billion in May, up from $9 billion in 2025. It’s the kind of growth Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the Internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500 million Series
Google parent company Alphabet has seen its business continue to grow in recent months, but rising spending on artificial intelligence (AI) infrastructure has put excess cash into negative territory. The company’s free cash flow, the cash it held after paying for operations and investments, hit negative $5.9bn (£4.3bn) for the first time in at least
French animation and visual effects company STIM, whose credits include “The Wild Robot,” “The Garfield Movie” and “Coyote vs. Acme,” is opening a production center in Spain’s Canary Islands, with plans to create more than 100 jobs as it expands its European operations. STIM Tenerife will begin operations in August and expects to employ 60
Tesla has some numbers to tout its progress on Robotaxi. CEO Elon Musk and other executives said during Tesla’s second-quarter earnings conference call Wednesday that the company continues to expand its autonomous ride-sharing platform, adding more cities and more unattended rides. Since Tesla first launched Robotaxi in June 2025 with a small fleet of Model
As social media has evolved from a place to connect with friends to full-scale entertainment platforms, a startup called Yope is quietly building what it believes will be the future of online connection: social networks without algorithms, without ads, and without public content. Yope’s app, now backed by a $12.3 million round led by Northzone,
