Strava, the 16-year-old fitness tracking app, is gearing up to go public, the Financial Times reports. CEO Michael Martin told the FT that the San Francisco company plans to list “at some point,” eyeing capital for more acquisitions. The company, backed by Sequoia Capital, TCV, and Jackson Square Ventures, was last valued at $2.2 billion...
Author: WpAdminXfinity
Trump fires back at China’s rare earth mineral restrictions by threatening 100% tariffs
President Donald Trump declared Friday that he will impose a 100% tariff on all imports from China, while also imposing export controls on “any and all critical software” from the United States.
Thinking Machines Lab co-founder Andrew Tulloch heads to Meta
AI researcher Andrew Tulloch reportedly announced his departure to employees in a message on Friday.
Prince Harry and Meghan call out the harmful effects of social media on today’s youth
Prince Harry and Meghan spoke about the dangers of social media at a gala and festival in New York.
Apple says goodbye to the Clips app
Apple appears to be winding down support of Clips, with the company removing Clips from the App Store and saying it will no longer be making any updates.
Ready or not, enterprises are betting on AI
This has been a big week for AI companies signing enterprise deals, with Zendesk unveiling new AI agents that are supposed to be able to resolve 80% of customer service issues, Anthropic and IBM announcing a strategic partnership, and Deloitte also announcing a deal with Anthropic.
The fixer’s dilemma: Chris Lehane and OpenAI’s impossible mission
The company’s Sora problem is really at the root of everything else.
Navan plows ahead with IPO during shutdown, aims for $6.45B valuation
The corporate travel management company is moving forward under SEC rules that allow companies in IPO limbo to proceed at their own risk during the shutdown.
Salesforce CEO says National Guard should patrol San Francisco — stunning his own PR team
Though Benioff’s shift mirrors Silicon Valley’s broader accommodation of Trump, the exchange offered a rare glimpse of just how far that repositioning can go. The question now: will other Bay Area tech CEOs follow Benioff’s lead and call for federal troops in their own backyard?
Why Deloitte is betting big on AI despite a $10M refund
AI companies are making their much-anticipated enterprise plays, but the results are wildly inconsistent. Just this week, Deloitte announced it’s rolling out Anthropic’s Claude to all 500,000 employees. On the very same day, the Australian government forced Deloitte to refund a contract because their AI-generated report was riddled with fake citations. It’s a perfect snapshot...