Tootfinder

Atlassian acquires developer productivity platform DX for $1B in cash and restricted stock; DX has 350 enterprise customers and raised less than $5M (Rebecca Szkutak/TechCrunch)
https://techcrunch.com/2025/09/18/atlassian-acquires-dx-a-devel…

Atlassian acquires DX, a developer productivity platform, for $1B | TechCrunch
Atlassian is making its largest acquisition yet by buying DX so it can offer a developer productivity tool.

Illegal fishing, other maritime threats cost Western Indian Ocean $1b a year: Report https://news.mongabay.com/short-article/2025/12/illegal-fishing-other-maritime-threats-cost-western-indian-ocean-1b-a-year-report/…

Illegal fishing, other maritime threats cost Western Indian Ocean $1b a year: Report
Maritime threats in the Western Indian Ocean cost the region more than $1.1 billion annually, with illegal fishing, trafficking, piracy, migration and pollution undermining economies, ecosystems and coastal livelihoods, a new U.N. report finds.

Bhutan unveils a pledge of up to 10,000 bitcoin to develop Gelephu Mindfulness City; Arkham says Bhutan holds 5,984 bitcoin, ranking 7th among sovereign holders (Vismaya V/Decrypt)
https://decrypt.co/352685/bhutan-pledges-10000-bitcoin-worth-1b-fund-mind…

Bhutan Pledges 10,000 Bitcoin Worth $1B to Fund Mindfulness City
The 10,000 BTC will generate yields for GMC's growth while being held long-term, with Bhutan ruling out selling the reserves.

Canary-1B-v2 & Parakeet-TDT-0.6B-v3: Efficient and High-Performance Models for Multilingual ASR and AST
Monica Sekoyan, Nithin Rao Koluguri, Nune Tadevosyan, Piotr Zelasko, Travis Bartley, Nick Karpov, Jagadeesh Balam, Boris Ginsburg
https://arxiv.org/abs/2509.14128

Canary-1B-v2 & Parakeet-TDT-0.6B-v3: Efficient and High-Performance Models for Multilingual ASR and AST
This report introduces Canary-1B-v2, a fast, robust multilingual model for Automatic Speech Recognition (ASR) and Speech-to-Text Translation (AST). Built with a FastConformer encoder and Transformer decoder, it supports 25 languages primarily European. The model was trained on 1.7M hours of total data samples, including Granary and NeMo ASR Set 3.0, with non-speech audio added to reduce hallucinations for ASR and AST. We describe its two-stage pre-training and fine-tuning process with dynamic d…

Language models' activations linearly encode training-order recency
Dmitrii Krasheninnikov, Richard E. Turner, David Krueger
https://arxiv.org/abs/2509.14223 https://…

Language models' activations linearly encode training-order recency
We show that language models' activations linearly encode when information was learned during training. Our setup involves creating a model with a known training order by sequentially fine-tuning Llama-3.2-1B on six disjoint but otherwise similar datasets about named entities. We find that the average activations of test samples for the six training datasets encode the training order: when projected into a 2D subspace, these centroids are arranged exactly in the order of training and lie on a s…

Chamber of Commerce Sues Over Trump's New $100,000 H-1B Visa Fee (Wall Street Journal)
https://www.wsj.com/politics/policy/trump-h1b-visa-fee-lawsuit-chamber-of-commerce-2c55f183
http://www.memeorandum.com/251016/p110#a251016p110

In an informal survey of 300 Cerebral Valley AI Conference attendees asking which $1B valuation startup to short, most voted Perplexity, followed by OpenAI (Ben Bergman/Business Insider)
https://www.businessinsider.com/at-an-ai-c

At a top AI conference, 300 attendees were asked which startup they would short.
300 founders and investors in the audience at Cerebral Valley were asked which startup valued at more than a billion dollars they would bet against.

Klarna reports Q3 revenue up 26% YoY to $903M, above $882M est., a $95M net loss, and expects $1B revenue in Q4, in its first post-IPO earnings release (Samantha Subin/CNBC)
https://www.cnbc.com/2025/11/18/klarna-klar-stock-q3-earnings-report-2025.html<…

Klarna tops third-quarter revenue estimates in first earnings report since IPO
Klarna experienced strong U.S. growth, driven the adoption of tools like Klarna Card and fair financing.

Mexico-based fintech Plata, approved for a banking license in December 2024, raised $250M at a $3.1B valuation, as it seeks to transition to a full-fledged bank (Bloomberg)
https://www.bloomberg.com/news/articles/2025-10-16/mexico…

Big Tech and finance companies are telling H-1B employees to get to the US in under 24 hours https://www.businessinsider.com/big-tech-employees-h-1b-visa-travel-return-trump-eo-2025-9

Trump's H-1B Visa Crackdown to Accelerate Wall Street's Expansion in India (Bloomberg)
https://www.bloomberg.com/news/features/2025-11-11/trump-s-h-1b-visa-curbs-banks-to-add-more-finance-specialist-jobs-in-india
http://www.memeorandum.com/251111/p116#a251111p116

UK filings: Paramount and Comcast invested $1B into European streamer SkyShowtime since 2022; SkyShowtime had a €543.7M operating loss in 2024, down 3% YoY (Jake Kanter/Deadline)
https://deadline.com/2025/10/paramount-comcast-invest-1b-into-skyshowtime-…

Paramount & Comcast Sink $1B Into Loss-Making Euro Streamer SkyShowtime
Paramount and Comcast have invested at least $1B into SkyShowtime, but their joint-venture European streamer remains firmly in the red.

Sources: Li Lin, founder of crypto exchange Huobi, and some of Asia's earliest Ethereum backers have raised ~$1B to launch a digital asset trust to buy Ether (Bloomberg)
https://www.bloomberg.com/news/articles/2025-10-17/h…

Zahlen, bitte! ARPA-Botschaft in 55 Kilobit/s: Start der Satellitenkommunikation
Der 1960 gestartete Courier 1B war der erste Kommunikationssatellit mit Solarzellen und Relaisstation. Neben viel Technik beinhaltete er auch eine Botschaft.

This troubles my Bill-of-Rights-loving soul. https://travel.state.gov/content/travel/en/News/visas-news/announcement-of-expanded-screening-and-vetting-for-h-1b-and-dependent-h-4-visa-applicant…

Announcement of Expanded Screening and Vetting for H-1B and Dependent H-4 Visa Applicants

Amazing how Trump destroys the USA.
#trump

Big Tech employees on H-1B visas are told they need to get stateside
Amazon, Microsoft, JPMorgan, and Meta employees on H-1B visas were told to stay put, per employees and communications reviewed by Business Insider.

Constraints on inelastic dark matter from the CDEX-1B experiment
Y. F. Liang, L. T. Yang, Q. Yue, K. J. Kang, Y. J. Li, H. P. An, Greeshma C., J. P. Chang, H. Chen, Y. H. Chen, J. P. Cheng, J. Y. Cui, W. H. Dai, Z. Deng, Y. X. Dong, C. H. Fang, H. Gong, Q. J. Guo, T. Guo, X. Y. Guo, L. He, J. R. He, H. X. Huang, T. C. Huang, S. Karmakar, Y. S. Lan, H. B. Li, H. Y. Li, J. M. Li, J. Li, M. C. Li, Q. Y. Li, R. M. J. Li, X. Q. Li, Y. L. Li, B. Liao, F. K. Lin, S. T. Lin, J. X. Liu, R. Z. L…

Constraints on inelastic dark matter from the CDEX-1B experiment
We present limits on spin-independent inelastic WIMP-nucleus scattering using the 737.1 kg $\cdot$ day dataset from the CDEX-1B experiment. Expected nuclear recoil spectra for various inelastic WIMP masses $m_χ$ and mass splittings $δ$ are calculated under the standard halo model. An accurate background model of CDEX-1B is constructed by simulating all major background sources. The model parameters are then determined through maximum likelihood estimation and Markov Chain Monte Carlo fitting.…

Tesla CEO Elon Musk bats for H-1B visas, says tariffs distort markets
https://www.cnbc.com/2025/12/02/tesla-ceo-elon-musk-bats-for-h-1b-visa-says-tariffs-distort-markets-.html

Ripple acquires GTreasury, a platform used by Fortune 500 companies for managing cash, foreign exchange, and risk, for $1B, set to close in the coming months (Krisztian Sandor/CoinDesk)
https://www.coindesk.com/business/2025/10/

Ripple News: Enters Corporate Treasury Business with $1B Acquisition of GTreasury
The deal, pending regulatory approvals, would give Ripple access to large enterprise clients as it is building out financial services around its digital asset business.

Sources: Indian digital payments company Pine Labs aims to raise as much as $700M from an IPO in the second half of October, down from an earlier $1B target (Bloomberg)
https://www.bloomberg.com/news/articles/2025-09-18/paypal…

Some positive signs for AI coding tools. Claude-code is a $1B run rate product six month after launch. The latest Claude Opus 4.5 model is several times cheaper and faster than last month’s version and uses about a quarter of the number of tokens to get work done. My own benchmark saw over an hour of coding reduced to 17 minutes. The high rate of change continues. The boundary of what does/doesn’t work is pushing back fast.

Anthropic acquires Bun as Claude Code reaches $1B milestone
Anthropic is an AI safety and research company that's working to build reliable, interpretable, and steerable AI systems.

I have some co-workers who this is effecting. It's no fun working with people who the government is trying to tear their lives part.
https://www.theverge.com/news/782258/amazon-google-microsoft-warn-h-1b-employees-return-to-the-us…

US is denying H-1B visas to anyone who has worked in online safety.
https://www.reuters.com/world/us/trump-administration-orders-enhanced-vetting-applicants-h-1b-visa-2025-12-04/

Analysis: Tata, Infosys, and Cognizant are set to bear the brunt of Trump's $100K H-1B fee; from 2020 to 2024, 93% of Infosys' H-1B hires would have had to pay (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12…

Dette kan gjerne gjentas: Har du jobbet med faktasjekking eller innholdsmoderering, så får du ikke arbeidsinnvandre til USA. https://www.reuters.com/world/us/trump-administration-orders-enhanced-vetting-applicants-h-1b-visa-2025-12-04…

Sources: 6 Chinese AI companies, including chip firms Montage and GigaDevice, are set to go public in Hong Kong in the coming weeks, aiming to raise up to $1B (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12-17/…

With new restrictions and fees on work visas in the US set to take effect at midnight tonight,
it’s no surprise that many employers are advising workers abroad to return to the US.
Leaked memos from Google, Amazon, and Microsoft have been circulating on social media that instruct instruct any H-1B visa holders currently traveling to immediately make travel arrangements to land in the US before 12AM ET on Sunday September 21st.
The companies all acknowledge the limited warni…

Amazon, Google, and Microsoft warn employees to rush back to the US
Amazon, Google, and Microsoft tell H-1B visa workers to rush back to the US before Sunday.

Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release (Pamela McClintock/The Hollywood Reporter)
https://www.hollywoodreporter.com/movies/movie-news/zootopi…

Box Office Annihilation: ‘Zootopia 2’ Zooms Past the $1 Billion Mark Globally in Only 17 Days
Disney's year-end holiday tentpole achieved the feat faster than any Holllwood animated film in history, as well as any PG-rated film.

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Disney says it plans to "invest approximately $24B in content across Entertainment and Sports in fiscal 2026, an increase of $1B compared to the prior year" (Alex Weprin/The Hollywood Reporter)
https://www.hollywoodreporter.com/business

Disney to Increase Content Spending by $1 Billion Next Year
The company says it expects to spend $24 billion in content in fiscal 2026, an increase from $23 billion in 2025.

Walz bears 'full responsibility' for $1B fraud scandal, GOP challenger Demuth declares (Deirdre Heavey/Fox News)
https://www.foxnews.com/politics/walz-bears-full-responsibility-1b-fraud-scandal-gop-challenger-demuth-declares
http://www.memeorandum.com/251204/p80#a251204p80

The Allen Institute of AI launches Bolmo 7B and Bolmo 1B, claiming they are "the first fully open byte-level language models", built on its Olmo 3 models (Emilia David/VentureBeat)
https://venturebeat.com/ai/bolmos-architecture-unlock…

So multinational companies will choose Europe or Asia for knowledge-intensive units with many nationalities, well played by Trump 😂
https://www.nytimes.com/2025/09/19/us/poli

Trump Says U.S. Will Institute $100,000 Fee for H-1B Visas
Administration officials said the charge would help American workers. President Trump also announced the terms of a new “gold card” program.

Investigation: the Trump family's crypto empire has reaped over $1B in pre-tax profits over the past year; Eric Trump says the true figure is "probably more" (Financial Times)
https://www.ft.com/content/2ea2b35b-e009-42ed-b4d3-6b21aa9b2a13

US Approves $1B Loan to Restart Three Mile Island, as Microsoft Data Centers Drive Demand
https://gizmodo.com/us-approves-1b-loan-to-restart-three-mile-island-as-microsoft-data-centers-drive-demand-2000688138

Japanese chip material maker Tekscend rose 13% on its Tokyo debut after raising $1B in its IPO; Tekscend makes photomasks to transfer tiny circuits onto wafers (Yasutaka Tamura/Bloomberg)
https://www.bloomberg.com/news/articles/20

> In short, it seems like the Secretary of Homeland Security can exempt any person, company, or even an entire industry from the travel restrictions and the $100,000 at their (or more likely, the president’s) discretion.
https://www.theverge.com/report/782289/tru

Trump’s H-1B visa fee isn’t just about immigration, it’s about fealty
Trump’s H-1B visa fee isn’t just about immigration, it’s about making tech companies bend the knee in exchange for a pass.

Groups File Suit Over Trump's $100,000 H-1B Visa Fee (New York Times)
https://www.nytimes.com/2025/10/03/us/politics/h-1b-visa-fee-lawsuit.html?unlocked_article_code=1.qk8.lRmW.AgTnOXo7xcHM&smid=nytcore-android-share
http://www.memeorandum.com/251003/p94#a251003p94

Apple is nearing a deal with Google that would see the iPhone maker pay the tech giant roughly
$1 billion a year for a custom version of Google’s Gemini AI model
to power its overhaul of Siri.
The move is a big one for Apple,
which has traditionally relied on its own technology
but plans to use Google’s model as a temporary solution until its own AI becomes powerful enough,
including to power a slate of upcoming features for the voice assistant.
The…

Apple nears deal to pay Google $1B annually to power new Siri, report says | TechCrunch
Apple is turning to Google's technology to help revamp Siri and power a slate of upcoming features for the voice assistant.

Sources: Disney's Sora deal is entirely in OpenAI stock rather than a cash licensing fee; Disney has the option to buy additional stock beyond the $1B stake (Bloomberg)
https://www.bloomberg.com/news/articles/2025-12-15/ope…

Source: livestream shopping app Whatnot nears ~$1B in revenue for 2025; Whatnot says it has passed $6B in gross sales this year, more than doubling 2024's sales (Ann Gehan/The Information)
https://www.theinformation.com/briefings/live…

Livestream Shopping App Whatnot Nears $1 Billion in 2025 Revenue
Livestream shopping app Whatnot is targeting close to $1 billion in revenue for 2025, according to a person with knowledge of the company’s finances. The six-year-old company has quietly grown into one of e-commerce’s hottest companies, raising more than $500 million in new funding this year and boosting its valuation to $11.5 billion. Whatnot originally started as a place for collectors of Funko

Read the Memos Sent to Big Tech Staff About Trump's H-1B Changes - Business Insider
https://www.businessinsider.com/read-memos-sent-big-tech-trump-h-1b-changes-2025-9

The Trump administration orders enhanced vetting of H-1B applicants and their families for past work in "censorship", including fact-checking and online safety (Humeyra Pamuk/Reuters)
https://www.reuters.com/world/us/trump-adm

Sources: Aaru, which uses AI to simulate user behavior, has raised a Series A led by Redpoint Ventures at multiple valuation tiers, including a $1B tier (Marina Temkin/TechCrunch)
https://techcrunch.com/2025/12/05/ai-syntheti…

Sources: AI synthetic research startup Aaru raised a Series A at a $1B 'headline' valuation | TechCrunch
The one-year-old startup, which does market research on simulated populations, had a multi-tier valuation round, sources tell TechCrunch.

Florida Universities to Stop Hiring Foreign H-1B Workers Under DeSantis Plan (New York Times)
https://www.nytimes.com/2025/10/29/us/florida-universities-h-1b-workers-desantis.html
http://www.memeorandum.com/251030/p49#a251030p49

US DHS: Chinese criminal organizations made $1B in the past three years via scam texts; Proofpoint: last month, a record 330K US toll-scam texts were reported (Robert McMillan/Wall Street Journal)
https://www.wsj.com/tech/cybersecurity/url

Trump To Require $100,000 Fee For H-1B Worker Visas - Joe.My.God.
https://www.joemygod.com/2025/09/trump-to-require-100000-fee-for-h-1b-worker-visas/

Trump threatens to sue the BBC over the Panorama edit, seeking "no less than $1B in damages" if he does not get a full retraction and an apology (Michael D. Shear/New York Times)
https://www.nytimes.com/2025/11/10/world/europe/trump-bbc-lawsuit-do…

Trump Threatens to Sue the BBC for $1 Billion After Jan. 6 Documentary
A lawyer for President Trump said the BBC’s editing of a speech he gave was “defamatory.” The broadcaster apologized on Monday for an “error in judgment.”

Chipmaker Cerebras Systems raised a $1.1B Series G from Fidelity, Trump Jr.'s 1789 Capital, and others at an $8.1B post-money valuation ahead of its planned IPO (Rebecca Szkutak/TechCrunch)
https://techcrunch.com/2025/09/30/a-year-…

A year after filing to IPO, still-private Cerebras Systems raises $1.1B | TechCrunch
Cerebras initially filed to go public in September 2024 but ran into several regulatory delays due to foreign investments.

Disney and OpenAI sign a deal to bring 200 Disney characters to Sora; Disney makes a $1B investment in OpenAI and will become a "major" OpenAI customer (OpenAI)
https://openai.com/index/disney-sora-agreement/

Paramount plans an additional 1,600 job cuts as part of a goal to achieve $3B in cost savings; the new goal is $1B higher than Paramount's previous target (Hannah Miller/Bloomberg)
https://www.bloomberg.com/news/articles/20

Memos: Amazon, which employs the most H-1B holders at 14K , and Microsoft advise H-1B staff to avoid travel and return to the US before 12:01am ET on Sept. 21 (Yun Li/CNBC)
https://www.cnbc.com/2025/09/20/trump-h-1b-visa-tech-foreign-governments.html

Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
The announcement to impose a $100,000 annual fee on H-1B visas sent shockwaves through corporate America.

Jensen Huang says Trump's H-1B changes would've prevented his family from immigrating (Jaures Yip/CNBC)
https://www.cnbc.com/2025/10/08/jensen-huang-h1b-immigration-trump.html
http://www.memeorandum.com/251008/p99#a251008p99

Cursor says it has crossed $1B in annualized revenue, has 300 employees, and its in-house models "generate more code than almost any other LLMs in the world" (Ashley Capoot/CNBC)
https://www.cnbc.com/2025/11/13/cursor-ai-startup-funding-round-valuati…

AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation
Cursor built a popular AI coding tool that helps software developers generate, edit and review code.

JD.com reports Q3 revenue up 15% YoY to $42.1B, above ~$41.4B est., and net income down 55% YoY to ~$745M, as it competes in meal delivery and fast-commerce (Bloomberg)
https://www.bloomberg.com/news/articles/2025-11-13/jd-com…

Sources: London-based self-driving tech startup Wayve is in early stage talks with Microsoft and SoftBank to raise between $1B and $2B, valuing it at ~$8B (Financial Times)
https://www.ft.com/content/3f6b6126-06d6-4b31-b907-30d25c8c7236

News Corp reports Q1 revenue up 2% YoY to $2.14B, above $2.1B est., Dow Jones revenue up 6% to $586M, and News Media with "strong improvement in profitability" (Juby Babu/Reuters)
https://www.reuters.com/business/media-telecom/…

Source: livestream shopping app Whatnot nears ~$1B in revenue for 2025; Whatnot says it has passed $6B in gross sales this year, more than doubling 2024's sales (Ann Gehan/The Information)
https://www.theinformation.com/briefings/live…

Livestream Shopping App Whatnot Nears $1 Billion in 2025 Revenue
Livestream shopping app Whatnot is targeting close to $1 billion in revenue for 2025, according to a person with knowledge of the company’s finances. The six-year-old company has quietly grown into one of e-commerce’s hottest companies, raising more than $500 million in new funding this year and boosting its valuation to $11.5 billion. Whatnot originally started as a place for collectors of Funko

A profile of Polymarket CEO Shayne Coplan, whose estimated 11% stake is now worth $1B following ICE's $2B investment, as its rivalry with Kalshi intensifies (Forbes)
https://www.forbes.com/sites/aliciap…

Crypto’s Fastest-Growing Startup Mints World’s Youngest Self-Made Billionaire
A $2 billion investment from NYSE parent ICE vaults Polymarket’s 27 year-old founder Shayne Coplan into the three-comma club and intensifies its rivalry with prediction market competitor Kalshi.

Serval, which offers an AI-powered IT support assistant, raised a $75M Series B led by Sequoia at a $1B valuation, bringing its total raised to $127M (Reuters)
https://www.reuters.com/technology/ai-startup-serval-…

Sources: Securitize, a blockchain company that tokenizes investments, is in talks to go public via a SPAC started by Cantor Fitzgerald at a $1B valuation (Bloomberg)
https://www.bloomberg.com/news/articles/2025-10-10/tokeniza…

A US bankruptcy judge ordered Indian edtech startup Byju's founder Byju Raveendran on Nov. 20 to pay $1B to US lenders, over missing funds from Byju's US unit (Jagmeet Singh/TechCrunch)
https://techcrunch.com/2025/11/22/byju

Byju's founder to appeal U.S. court order to pay over $1B in bankruptcy case | TechCrunch
A U.S. bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion in a case over missing company funds.

The White House says the $100K H-1B fee will not be applied to renewals or existing holders of valid visas re-entering the US, only new applicants (Ben Berkowitz/Axios)
https://www.axios.com/2025/09/20/trump-h-1b-immigration-visas

New H-1B visa fee will not apply to existing holders, official says
The $100,000 fee for the highly prized visa is intended to boost jobs for U.S. workers.

Sources: the US is working on a settlement that could see ZTE pay $1B over alleged foreign bribery from 2018 and earlier; a deal would require China's approval (Reuters)
https://www.reuters.com/sustainability/soc

Disney and OpenAI sign a deal to bring 200 Disney characters to Sora; Disney makes a $1B investment in OpenAI and will become a "major" OpenAI customer (OpenAI)
https://openai.com/index/disney-sora-agreement/

Crypto markets crashed after Trump threatened an extra 100% tariff on China, triggering $19.1B in liquidations, 10x the liquidations during the FTX crash (Sam Reynolds/CoinDesk)
https://www.coindesk.com/markets/2025/10/1…

Crypto Price Drop Continues: $16B in Longs Liquidated as BTC, ETH Sell-Off Extends
Trump’s 100% tariff warning on China ignited a global sell-off that wiped out $16 billion in leveraged crypto longs and pushed Ethena’s USDe to a rare sub-$1 print.

Oura CEO Tom Hale says the Finnish company expects "maybe close" to $2B in sales in 2026, up from $1B in 2025, and there is "no news on an IPO" (Tasmin Lockwood/CNBC)
https://www.cnbc.com/2025/11/11/smart-ring-maker-…

Oura expects close to $2 billion in 2026 sales, almost doubling for the second consecutive year
CEO Tom Hale spoke with CNBC's Arjun Kharpal in an exclusive interview at Web Summit in Lisbon, Portugal.  

Source: Kalshi raised $1B led by Sequoia and CapitalG at a $11B valuation, less than two months after it announced a $300M fundraise at a $5B valuation (Marina Temkin/TechCrunch)
https://techcrunch.com/2025/11/20/source-kalshis-valuatio…

Source: Kalshi's valuation jumps to $11B after raising massive $1B round | TechCrunch
The quickly growing prediction betting market raised fresh capital from Sequoia and CapitalG, according to someone familiar with the deal.

Chipmaker Cerebras withdraws its IPO, a little over a year after filing its IPO prospectus; it announced a $1.1B raise at a $8.1B valuation on September 30 (Jordan Novet/CNBC)
https://www.cnbc.com/2025/10/03/cerebras-withdraws-ipo-ai.html

AI chipmaker Cerebras withdraws IPO
Days after announcing that it raised $1.1 billion in a financing round, Cerebras said it's pulling its IPO plans.

How rising unemployment in computer-related fields in the US, where foreign nationals make up ~20% of 2.3M software devs, pushed the H-1B issue to the forefront (Noam Scheiber/New York Times)
https://www.nytimes.com/2025/10/03/bu…

Why Are H-1B Visas Suddenly a Big Deal? One Reason: Tech Jobs Disappeared
The president’s decision to charge employers $100,000 per visa for skilled workers seemed to come out of nowhere. But the grievance behind it has been simmering.

The Trump administration orders enhanced vetting of H-1B applicants and their families for past work in "censorship", including fact-checking and online safety (Humeyra Pamuk/Reuters)
https://www.reuters.com/world/us/trump-adm

Dutch payments group Mollie agrees to acquire London-based fintech GoCardless for €1.5B, set to close in 2026; GoCardless was last valued at $2.1B in early 2022 (Financial Times)
https://www.ft.com/content/7904647c-91ea-4e90-b496-5d249a7a5d91

Gamma, which uses AI to help create presentations, social media posts, websites, and more, raised $68M at a $2.1B valuation and reports 600K paying users (Niko Gallogly/New York Times)
https://www.nytimes.com/2025/11/10/business/dealbook/gamma-ai-fundraise.html

Gamma, a PowerPoint for the A.I. Era, Raises $68 Million
The five-year-old start-up, which has just 52 employees and is profitable, is now valued at $2.1 billion by investors including Andreessen Horowitz.

Instacart reports Q3 revenue up 10% YoY to $939M, above est., orders up 14% YoY to 83.4M, above 82.9M est., GTV up 10% to $9.1B, and plans a $1.5B share buyback (Natalie Lung/Bloomberg)
https://www.bloomberg.com/news/articles/2025…

Canada-based legaltech company Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition (Josh Scott/BetaKit)
https://betakit.com/clio-secures-500-million-usd-series-g-as-it-comple…

Clio secures $500-million USD Series G as it completes vLex acquisition | BetaKit
BC legaltech firm nabs $5-billion valuation plus $350 million in debt to help close deal.

YZi Labs, formerly Binance Labs, announces a $1B Builder Fund to support long-term founders developing on BNB Chain in areas like trading, AI, and DeFi (Logan Hitchcock/Decrypt)
https://decrypt.co/343392/cz-family-office-kickstarts-1-billion-fund-bnb
…

CZ Family Office Kickstarts $1 Billion Builder Fund on BNB
Binance co-founder Changpeng Zhao's family office is setting aside $1 billion for long-term builders on BNB Chain.

Zerohash, which provides on-chain infrastructure for businesses to offer trading, stablecoin payments, and more, raised a $104M Series D-2 at a $1B valuation (Blockworks)
https://blockworks.co/news/zerohash-hits-1b-valuation

Sources: top Chinese VCs are close to raising up to $1.1B in total USD-denominated funds in 2025, marking a tentative return of global capital to Chinese tech (Financial Times)
https://www.ft.com/content/c753e570-78ef-4a6a-9cdd-bdb7efa5ad50

Sources: Skild AI, which develops a foundational model for robots, is in talks to raise $1B from SoftBank and Nvidia at a $14B valuation, up from $4.7B in July (Reuters)
https://www.reuters.com/business/media-tel

Unconventional AI raised a $475M seed led by a16z and Lightspeed at a $4.5B valuation to build a more energy-efficient AI computer, part of an up to $1B round (Rachel Metz/Bloomberg)
https://www.bloomberg.com/news/articles/2025-…

Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11% after hours (Dean Seal/Dow Jones Newswires)
https://www.morningstar.com/news/dow-jones

Airbnb reports Q3 revenue up 10% YoY to $4.1B, vs. $4.08B est., Nights and Seats booked up 9% to 133.6M, vs. 131.75M est., forecasts Q4 revenue above estimates (Ashley Capoot/CNBC)
https://www.cnbc.com/2025/11/06/airbnb-abnb-q3-results-2025.html

Airbnb shares rise on revenue beat, stronger-than-expected forecast
Shares of Airbnb rose in extended trading after the company reporter third-quarter results that beat revenue expectations.

You.com CEO Richard Socher is working on a new AI lab to automate AI research, and, sources say, hopes to raise $1B for it; Socher will remain at You.com (The Information)
https://www.theinformation.com/articles/com-ceo-socher-seeks-1-billion-new-ai-lab

You.com CEO Socher Seeks $1 Billion for New AI Lab
Richard Socher, CEO of AI search startup You.com and a former chief scientist at Salesforce, hopes to raise around $1 billion for a new AI research startup he will oversee, said two people who spoke to senior staff at You.com. Socher will remain at the helm of You.com, he said in an interview. ...

Tech companies in the UK, Canada, and elsewhere seek talent amid the US H-1B clampdown, though some skeptics doubt Trump's policies will spur a tech boom abroad (Financial Times)
https://www.ft.com/content/f658cf19-fae2-40e1-b88d-7dbf68ea18ba

Inside the Trump Administration's chaotic H-1B visa overhaul, with Commerce Secretary Howard Lutnick initially presenting the $100,000 fee as an annual charge (Wall Street Journal)
https://www.wsj.com/politics/policy/inside

Synchron, whose brain implant is inserted through the circulatory system, avoiding invasive brain surgery, raised a $200M Series D at a nearly $1B valuation (Ike Swetlitz/Bloomberg)
https://www.bloomberg.com/news/articles/2025-…

On the H-1B fee, Jensen Huang says he's "glad" to see "Trump making the moves he's making"; Sam Altman says "outlining financial incentives seems good to me" (Jennifer Elias/CNBC)
https://www.cnbc.com/2025/09/22/nvidia-ope

'We need the smartest people': Nvidia, OpenAI CEOs react to Trump's H-1B visa fee
"We want all the brightest minds to come to the U.S. and remember immigration is the foundation of the American Dream," Nvidia CEO Jensen Huang said Monday.

The Trump administration proposes an H-1B visa process giving more weight to applications from employers who pay higher wages if visa demand exceeds the 85K cap (Ted Hesson/Reuters)
https://www.reuters.com/world/china/trump-

Armis, which helps businesses secure and manage IoT devices, raised $435M at a $6.1B valuation, up from $4.2B after raising a $200M Series D in October 2024 (Samantha Subin/CNBC)
https://www.cnbc.com/2025/11/05/armis-raises-435-million-at-6point1-bi…

Armis raises $435 million, valuing cybersecurity startup at $6.1 billion
The cybersecurity startup reaches a $6.1 billion valuation three months after topping $300 million in annual recurring revenues.

The FBI estimates that North Koreans posing as IT workers, using stolen IDs and AI-fabricated work, funneled up to $1B into the country over the past five years (Amanda Gerut/Fortune)
https://fortune.com/article/north-korean-it-workers-k…

North Korean agents pretending to be IT guys have funneled up to $1 billion into Kim Jong Un’s nuclear program
Using AI to create fake identities, they get remote jobs, then hide in plain sight—in Slack, on Zooms, and in corporate infrastructure.

Trump administration's $100,000 H-1B fee threatens India's $280B IT services sector, which heavily relies on H-1B visas to deploy engineers to US client sites (Bloomberg)
https://www.bloomberg.com/news/articles/2025-0…

Sources: Apple plans to use a custom 1.2T-parameter Google Gemini model to help power the new Siri next year and will be paying Google ~$1B annually for it (Mark Gurman/Bloomberg)
https://www.bloomberg.com/news/articles/20

Sources: former Databricks AI chief Naveen Rao is in talks to raise $1B led by a16z at a $5B valuation for his new AI hardware startup Unconventional (Marina Temkin/TechCrunch)
https://techcrunch.com/2025/10/03/source…

Exclusive: Naveen Rao’s new AI hardware startup targets $5B valuation with backing from a16z, sources say
Former Databricks AI chief is raising $1 billion to build a Nvidia rival through a novel approach.

Sources: Stripe is paying ~$1B to acquire Metronome, and the deal is expected to be predominantly cash; PitchBook: Metronome was valued at $470M in February (Alex Konrad/Upstarts Media)

Scoop: Stripe Is Paying $1 Billion To Acquire Billing Startup Metronome
The acquisition will double Metronome’s valuation in less than a year, sources tell Upstarts Media. And it’s all about AI software growth.

Uber reports Q3 revenue up 20% YoY to $13.5B, Gross Bookings up 21% YoY to $49.7B, trips up 22% YoY to 3.5B, and a $1.1B operating profit, below $1.6B est. (Financial Times)
https://www.ft.com/content/9ceb0184-79d6-4097-af7a-f6ea3d3909d8

VCs and founders warn that the $100K fee will make H-1B sponsorship prohibitively expensive for startups, not Big Tech, and drive talent outside the US (Taylor Soper/GeekWire)
https://www.geekwire.com/2025/startup-leade…

The US government issues new guidelines on its $100K H-1B visa fee, saying it will apply only to new visa applicants outside the country, not all new applicants (Michelle Hackman/Wall Street Journal)
https://www.wsj.com/politics/policy…

Malaysian authorities are using drones, power sensors, and tips to hunt Bitcoin miners over power theft, which cost a state energy company $1.1B over five years (Bloomberg)
https://www.bloomberg.com/news/articles/20

Bitcoin (BTC) Miners Hunted After Stealing $1 Billion Power From Malaysia Grid
Cracking down on illegal Bitcoin mining gangs has become a cat-and-mouse game in Malaysia.

Beacon Software, which buys niche software businesses and uses AI to transform them, raised a $250M Series B led by GC, Lightspeed, and D1 at a $1B valuation (Krystal Hu/Reuters)
https://www.reuters.com/technology/beacon-…