Author: GT

Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of his expected wedding, in Venice, Italy, on June 25, 2025.Guglielmo Mangiapane | ReutersJeff Bezos is bringing in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund.Tom Taylor, who previously ran Amazon’s Alexa voice assistant division, will serve as the new president and CEO of the Bezos Earth Fund, the former tech executive wrote in a LinkedIn post on Tuesday. Taylor announced his retirement from Amazon in 2022 after roughly 23 years at the company, which also included a role overseeing the third-party seller services unit.”I…

The Trump administration, through the Department of Defense, plans to spend $1 billion over the next four years on what it calls “offensive cyber operations.”  The provision in Trump’s landmark One Big Beautiful Bill does not say what those “offensive cyber operations” are, nor what specific tools or software would qualify. The budget does note that the money will go toward enhancing and improving the capabilities of the U.S. Indo-Pacific Command, which operates in the Asia-Pacific region, including China, the U.S.’ biggest geopolitical rival.  The move to spend a billion on cyber comes as the newly passed law also slashed…

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world’s largest cryptocurrency past $123,000 for the first time.Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn’t being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that’s playing out in real time.Spot Bitcoin ETFs pulled in $2.7 billion last week, including nearly $1.3 billion in a single day — the second-largest…

Cognition, the startup behind the viral AI coding agent Devin, announced in a blog post on Monday that it has signed a definitive agreement to acquire AI coding startup Windsurf. The announcement comes just days after Google hired away Windsurf’s CEO Varun Mohan, co-founder Douglas Chen, and research leaders in a $2.4 billion reverse-acquihire that left much of the startup’s 250-person team behind. Google’s deal occurred just hours after OpenAI’s $3 billion offer to acquire Windsurf expired, clearing the way for the AI coding startup to explore other options. The frenzy around Windsurf represents a new peak in the wild…

Despite its traditionally risk-averse nature, the insurance industry is being fundamentally reshaped by AI.AI has already become vital for the insurance industry, touching everything from complex risk calculations to the way insurers talk to their customers. However, while nearly eight out of ten companies are dipping their toes in the AI water, a similar number admit it hasn’t actually made them any more money.Such figures reveal a simple truth: just buying the fancy new tech isn’t enough. The real winners will be the ones who figure out how to weave it into the very fabric of who they are and…

Medical billing giant Episource is notifying millions of people across the United States that their personal and health information was stolen in a cyberattack earlier this year. The breach affects more than 5.4 million people, according to a listing with the U.S. Department of Health and Human Services, making it one of the largest healthcare breaches of the year so far.  Episource, owned by health insurance giant UnitedHealth Group’s subsidiary Optum, provides billing adjustment to the doctors, hospitals, and other organizations that work in the healthcare industry. As such, the company handles large amounts of patients’ personal and medical data…

People look at iPhones at the Apple Fifth Avenue store in New York City on May 23, 2025.Adam Gray | ReutersApple and miner MP Materials announced a $500 million deal Tuesday for rare earth magnets and the development of a recycling facility that will reinforce the iPhone maker’s U.S. supply chain.MP Materials stock climbed 17%. Shares of Apple were marginally higher.As part of the agreement, Apple will buy rare earth magnets created at the company’s facility in Fort Worth, Texas. Both companies will combine on a new rare earth recycling line in Mountain Pass, California. MP Materials plans to start…

Meta announced on Monday that it will take additional measures to crack down on accounts sharing “unoriginal” content to Facebook, meaning those that repeatedly reuse someone else’s text, photos, or videos. This year, Meta has already taken down around 10 million profiles that were impersonating large content creators, it said. Plus, it has taken action against 500,000 accounts that were engaged in “spammy behavior or fake engagement.” Those actions have included things like demoting the accounts’ comments and reducing the distribution of their content to prevent the accounts from monetizing. The update from Meta follows only days after YouTube said…

Former Sequoia partner Matt Miller has already locked in $355 million for his new VC firm, Evantic, which is also backed by Sequoia, TechCrunch learned. Last December, Miller announced his departure from Sequoia after 12 years to “start [his] own fund focused on the great founders of Europe.”  Despite the European focus, TechCrunch’s understanding is that Evantic will actually invest on both sides of the Atlantic, with a focus on B2B companies at the Series B and growth stages. However, its activities will be conducted from London, where Miller moved from California in 2021. Before moving to the U.K., Miller…

Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.Mike Segar | ReutersAlphabet’s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company said Tuesday.Google will also spend $3 billion to modernize two hydropower plants in Pennsylvania to help meet the growing power demand from data centers and AI in the region, according to the company.The refurbishment of the Pennsylvania plants is part of broader…