The Malaysian government has ordered the shutdown of a startup-centric community called the Network School, according to The Wall Street Journal. Billing itself as “a frontier community for techno-optimists,” the Network School reportedly grew out of entrepreneur and investor Balaji Srinivasan’s conviction that the United States is in irreversible decline; Srinivasan has said his goal
Elon Musk’s tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a $20 billion valuation, according to The Wall Street Journal. The deal has not been finalized and the terms could change, says the WSJ. At $20 billion, the valuation would be a significant increase over The Boring
Waymo is reportedly seeking an exit from its deal with Uber, which has made the Alphabet-owned company’s robotaxis available on the ride-hailing giant’s network in Austin and Atlanta, according to the Financial Times. Waymo has already told Uber that it intends to offer robotaxis on its own app in those markets starting in January 2028
Corgi, an insurance technology, data room software and coffee shop startup, is reportedly raising another round that closely follows its latest raise and would double its valuation, sources told Forbes. The round is said to be a second extension of its Series B round and is already closed. Corgi announced its latest round, the $106
When de-extinction startup Colossal Biosciences revealed last year that it was attempting to “resurrect” the dire wolf from genetic material found in fossils, we argued that, despite the controversy surrounding the project, the company was building valuable technologies that justify its $10.2 billion valuation. Now, about 16 months later, the startup is in talks to
Amid rising consumer electronics prices and sluggish demand for new purchases, Android phone maker OnePlus plans to close its operations in the United States and Europe this week, according to a Bloomberg report. The report cited a source as saying that OnePlus closing its stores in the US and Europe is part of a corporate