Remote hits $300 million ARR as AI drives efficiency gains
Remote surpassed $300 million in annual recurring revenue and became cash-flow positive, crediting AI adoption for a 50% increase in revenue per employee.
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458 storiesClickHouse hits $250M ARR as it eyes public market debut
Database provider ClickHouse has reached $250 million in annualized revenue, positioning the company for a potential IPO within the next few years.
Aaron Levie warns of AI psychosis among tech CEOs
Box founder Aaron Levie warns that tech CEOs are suffering from "AI psychosis," leading to mass layoffs despite research showing limited immediate productivity gains from AI.
SpaceX S-1 filing reveals Starlink growth and Starship cost hurdles
SpaceX’s S-1 filing reveals slowing Starlink growth and high capital costs, suggesting an expendable Starship could keep the company afloat but fails to meet Musk’s economic goals.
American Airlines to equip more than 500 aircraft with Starlink
American Airlines plans to install Starlink on more than 500 single-aisle Airbus aircraft starting early next year, boosting SpaceX ahead of its projected Initial Public Offering.
ClickUp lays off 22% of workforce to build '100x org'
ClickUp laid off 22% of its workforce, with CEO Zeb Evans framing the move as a strategic pivot toward AI-driven automation rather than simple cost-cutting.
Peec AI hits $10 million in annualized revenue
Berlin-based Peec AI has crossed $10 million in annualized revenue, signaling a broader shift in European tech toward prioritizing growth over valuation.
How AI startups are using CARR to mask actual revenue
AI startups are increasingly inflating revenue by reporting contracted ARR as actual ARR, a practice investors often overlook to maintain narratives of rapid growth.
Based Apparel website taken offline following hacking reports
Based Apparel’s website was taken offline following reports of a malware-based hijacking, marking a difficult week for security among MAGA-associated business ventures.
Oura files for IPO following $11 billion valuation
Finnish smart ring maker Oura has confidentially filed for an IPO in the U.S. following a Series E round that valued the company at $11 billion.
SpaceX IPO filing reveals massive ownership concentration
SpaceX’s IPO filing reveals Elon Musk’s continued dominance, with a whisper valuation of $1.7 trillion and significant stakes held by his inner circle of investors.
SpaceX IPO filing cements Musk’s control over company governance
SpaceX’s IPO filing confirms Elon Musk will retain majority voting control and implement governance structures that limit shareholder legal and voting influence.
Anthropic projects first profitable quarter
Anthropic projects revenue will more than double to around $10.9 billion in the second quarter, marking its first operating profit, though it may not remain profitable throughout the year.
SpaceX IPO filing reveals AI bets and Starship ambitions
SpaceX has made its IPO filing public, with Elon Musk remaining in control as the company targets what is expected to be the largest IPO ever.
xAI reports $6.4 billion loss as SpaceX prepares for 2026 IPO
SpaceX’s IPO filing reveals xAI lost $6.4 billion in 2025, with plans to take the combined company public in 2026 at a potential $1.75 trillion valuation.
Global EV market diverges as US growth stalls
Global EV sales hit 20 million units last year, but the market is diverging as US growth stagnates while Chinese manufacturing drives adoption elsewhere.
OpenAI prepares for potential September IPO
OpenAI is reportedly preparing for an initial public offering, with chief executive Sam Altman hoping the company will be ready to go public by September.
Intuit to lay off 17% of staff to refocus on AI
Intuit is laying off 17% of its staff, or over 3,000 employees, as the software giant pivots resources toward AI development amid broader industry restructuring.
Eclipse Ventures nets $2.5B return on Cerebras IPO
Eclipse Ventures generated a $2.5 billion return from its Cerebras Systems investment, validating the firm’s long-standing thesis that physical-world technology is increasingly lucrative compared to pure software.
Menlo Ventures partner warns of widening AI wealth gap
Menlo Ventures partner Deedy Das warns of a widening divide in tech, estimating around 10,000 people have hit retirement wealth of well above $20M while others face layoffs.