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Last year, Justin Earnest noticed a huge gap in how venture capital works. Family offices and small institutional investors were eager to invest in fast-growing AI companies, but lacked access to their cap tables. Having spent more than five years helping lead deep technology investments and fundraising at Playground Global, Ernest believed he could bridge that gap through his connections with both investors and founders. Instead of launching a formal VC fund (a process he says takes 12 to 18 months for a new manager), Earnest used his network to secure equity allocations in high-profile late-stage companies. We then propose…
GM’s Energy exhibit seen at the New York International Auto Show on April 16, 2025.Daniel DeVries | CNBCgeneral motors By promoting a variety of battery cell chemistries, the company is expanding its efforts to capitalize on the expected growth in energy storage and data centers, while increasing its support for electric vehicle owners to combat rising energy costs.The Detroit automaker on Tuesday detailed plans to enhance vehicle-to-grid capabilities for its EV customers and develop next-generation sodium-ion batteries that GM battery leaders said will “reimagine grid-scale energy storage.”Both moves are aimed at addressing concerns about rising energy costs amid the artificial…
Chen Xin | Getty Images News | Getty ImagesMr Kalsi announced on Tuesday that the bank would roll out measures to crack down on insider trading, including requiring traders to provide employment details and providing whistleblower services.The platform said it would make these changes “with immediate effect” after an advisory committee called for stronger measures. Kalsi said traders in certain markets will be asked to provide employment details. The move comes amid increased scrutiny of possible insider trading in prediction markets. Federal prosecutors in May indicted a Google employee on fraud charges, noting that the employee made more than $1…
Google has made its affordable AI subscription plans more budget-friendly, bringing the price wars erupting in emerging markets squarely to U.S. consumers. The company announced Monday that it is cutting the monthly price of Google AI Plus from $7.99 to $4.99, while doubling the storage included in that tier from 200 gigabytes to 400 gigabytes. Vikas Kansal, product lead for Gemini AI subscriptions, told X that the storage update will be rolled out to users over the next few days. Google AI Plus launched in January as the most affordable paid AI subscription on the U.S. market, aimed at individual…
Super Micro Computer CEO Charles Liang speaks at the Raise Summit in Paris on July 8, 2025. Nathan Lane | Bloomberg | Getty Imagessuper microcomputer Shares fell 9% in after-hours trading Tuesday after the computer server maker announced a $7 billion stock-linked financing deal to cover the cost of purchasing hardware components.The company said it plans to conduct a $5 billion underwritten stock offering and a $2 billion off-market offering starting in July under the arrangement. JP Morgan Chase, goldman sachs and citygroup. Companies often see their stock prices fall after announcing a stock sale, as investors brace for the…
JoJo Siwa and Chris Hughes initially seemed to be dancing around their relationship, but no one could deny the coincidence of their romance. After getting close on Celebrity Big Brother and claiming for weeks that they were just friends, the Dance Moms alum and Love Island star finally admitted their relationship had developed into something more. “It’s not platonic anymore,” Jojo admitted in an interview with the Guardian on June 2. “It was a great development and a beautiful connection. I really respect him and he does the same.”In fact, Chris says he’s already thinking about his next steps.”I want…
CNBC’s Jim Cramer said Tuesday that technology stocks are losing many of the qualities that have made them the market’s dominant leader group for the past three years.”True bull markets have leaders, and those leaders have great characteristics,” the “Mad Money” host said. “They’re making huge profits, but they’re limited in number and they don’t have a lot of stock because these companies are constantly buying back stock.”Tech stocks led the market rally in the wake of the 2023 mini-banking crisis. According to Kramer, Magnificent Sevensemiconductor companies, and enterprise software companies generated huge cash flows, maintained fortress-like balance sheets, and…
entertainment CEO Drew Marsh said the rapid construction of data centers doesn’t have to be a burden on residential communities.”Data centers really want to be good neighbors,” Marsh told CNBC’s “Mad Money” on Tuesday. “They have reputations that they want to protect and they want to be part of the community.”The surge in AI-related power demand has raised concerns among policymakers and homeowners that residential customers will end up footing the bill for data centers. Marsh said Entergy’s approach is designed to avoid that outcome by requiring data center operators to cover the cost of servicing their facilities while also…
YouTuber Jesse Ridgway says his wife’s family encouraged them to break up after she had an abortionJesse Ridgway has always been part of Ashley Ridgway. The YouTuber, known online as McGugger Nuggets, claimed that Ashley’s family encouraged her to end their marriage after he shared that he and his wife had terminated the pregnancy after the fetus tested positive for trisomy 21, a chromosomal abnormality that causes Down syndrome. “She received a text message from her family accusing me of being abusive and of brainwashing her…an ultimatum to leave me immediately,” Jesse wrote on Facebook on June 8. “It’s such…
Stock chart iconStock chart iconThomson Reuters stock price performance year-to-date. Thomson Reuters: “The problem is, this is media, and media has been destroyed by AI. I can’t get behind that.”Stock chart iconStock chart iconXeris Biopharma Holdings’ year-to-date stock performance. Xeris Biopharma Holding: “I know it’s an injectable…I’ll just say this: That’s exactly what I want you to do. That’s exactly what you need, but one of those…just one spec will do it for you.”Stock chart iconStock chart iconOndus stock price performance year-to-date. Ondus: “This is a meme stock…you can’t support a meme stock.”Stock chart iconStock chart iconNebius’ year-to-date stock performance.…