Business & Industry

Hermeus closed a $350 million Series C at a $1 billion valuation, combining equity and debt as it shifts prototyping into production and relocates to El Segundo.

AI chipmaker Cerebras submitted its S-1 for a CBRS listing on April 17, backed by a $20 billion multi-year OpenAI deal and a swing to profitability, after withdrawing its first IPO attempt over a national security review.

Snapchat's parent company eliminates 16 percent of its workforce, citing AI-driven efficiency gains and aiming for over $500 million in annualized savings.

OpenAI has acquired Hiro, a five-month-old AI personal finance startup founded by Digit veteran Ethan Bloch, in an acqui-hire that will shut down the product on April 20.

Lucid Group has appointed former Schindler chairman Silvio Napoli as chief executive and secured roughly $1.05 billion in new funding from Saudi Arabia's PIF, Uber, and a public offering, while expanding its robotaxi commitment with Uber to 35,000 vehicles.

The tech industry shed roughly 80,000 jobs in the first quarter of 2026, with companies attributing nearly half to AI automation, but a CFO survey and industry experts suggest the narrative obscures deeper structural forces.

Slate Auto closes a $650 million Series C led by TWG Global, bringing total funding to roughly $1.4 billion as the startup prepares to manufacture affordable electric trucks at a converted Indiana factory.

Shareholders of both Coursera and Udemy voted over 99% in favor of combining into a single platform serving 245 million learners, with FTC clearance already secured and closing expected in the second half of 2026.

Los Angeles-based WOW launches the EON network across Inglewood's sports district, combining digital displays with real-time traffic and emergency messaging for five million annual visitors.

Halter closes a $220 million Series E led by Founders Fund, doubling its valuation to $2 billion as its AI-powered GPS collars for cattle replace physical fencing across three countries.

Oracle terminates an estimated 18 percent of its global workforce via early-morning emails with no prior warning, freeing up to $10 billion in cash flow to finance a $156 billion AI infrastructure expansion even as the company reports a 95 percent jump in quarterly net income.

The Redmond, Washington-based startup closed a $170 million Series A led by Benchmark and EQT Ventures, valuing the company at $1.1 billion as it prepares to launch more powerful orbital compute satellites carrying Nvidia Blackwell chips.