CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. The deadline for submissions is Friday, Feb. 16 at 11:59 pm EST. All independent, privately-owned companies founded after Jan. 1, 2009, are eligible, and … Read more
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images The valuations of some private companies are “going nuts again,” returning to highs not seen since the Covid-19 pandemic, according to Cisco’s chief executive. Chuck Robbins told CNBC Tuesday that businesses … Read more
An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to … Read more
In 2022, only 2.1% of venture capital investments in the U.S. went to businesses that are founded solely by women. But some say the gap may be closing. Maskot | Digitalvision | Getty Images Starting a business is always challenging and while women have historically faced additional challenges, some female founders say the landscape is … Read more
Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more
POLAND – 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Cryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way … Read more
Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5 million ($97.1 million). The company closed the deal … Read more
A Google, Temasek and Bain & Company report revealed that “dry powder” increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021. Mikroman6 | Moment | Getty Images Venture capital firms in Southeast Asia expect fundraising to pick up in 2024, but tech firms need to demonstrate “clear” and “viable” … Read more
