Columbus, OH

A filing with the SEC shows that the AI Fund’s second fund, AI Venture Fund II, has so far amassed $69.75 million from 13 partners — leaving around $50 million to be invested. The AI Fund’s PR declined to comment. Ng, the founder of the Google Brain...

Andrew Ng plans to raise $120M for next AI Fund

But established, brand-name firms are still able to raise large funds. On Friday, Kleiner Perkins announced that it closed on more than $2 billion in fresh capital across two funds, a slight increase from the 52-year-old firm’s $1.8 billion previous fundraise in early 2022. Other prominent firms that successfully...

Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

The Motley Fool

Even at its current market cap of $1.3 trillion, Bitcoin may be significantly undervalued.

1 Top Cryptocurrency to Buy Before It Soars Another $1 Trillion in Market Cap, According to Value Investor Bill Miller IV

TheStreet

The Nasdaq Composite Index has jumped 18% year to date.

Cathie Wood sells $13 million of a struggling tech stock

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Cathie Wood's Ark Invest has 5.4% of its portfolio invested in Block, a fintech stock the firm estimates will trade at 375 per share by 2025. Block reported solid financial results in the first quarter, supported by encouraging progress across the Square and Cash App ecosystems. Block is executing on...

1 Turnaround Growth Stock to Buy Before It Soars 505%, According to Cathie Wood's Ark Invest

This is what could happen next to Alphabet shares.

Analyst resets Google-parent Alphabet's stock price target after survey

Bitcoin's most fervent supporter didn't shy away on why he thinks the cryptocurrency has plenty of upside.

1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple Ruling Boosts Binance in SEC Showdown, Crypto Community Reacts

Here’s what’s been going on in the case between Ripple Labs and the US SEC as of late. The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is in its trial phase. And although this is technically the point of the lawsuit where it is supposed to get resolved, there’s no telling when it might actually end.

Ripple v. SEC Lawsuit Update June 27th

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Demand for AI applications has lifted Palantir's revenue growth. An ample potential market opportunity could drive growth for years. A high starting valuation and a small revenue base make a trillion-dollar valuation challenging. The stock's 300% run since 2023 has investors thinking big about the future. Software company Palantir Technologies...

Will Palantir Technologies Be a Trillion-Dollar Stock by 2030?

Mobile phones purchased from a carrier are generally locked to that carrier until either the contract is up or the phone is paid off. But despite improvements to the process over the years (unlocking was flat-out illegal not long ago), it still isn’t quite clear to all consumers when and how they can unlock their phone and take it to the carrier (or country) of their choice.

FCC rule would make carriers unlock all phones after 60 days

This week, Apple finally added support for Rich Communication Services (RCS) to Messages as part of the second developer beta of iOS 18. Until now, iPhone users could only send SMS or MMS messages from the Messages app to people who didn’t have an Apple device. Now you can share high-quality images and get read receipts and typing indicators while messaging with Android users — but text bubbles are still green.

Apple finally supports RCS in iOS 18 update

There's been a surge in demand for semiconductors and related infrastructure over the past year or so. Broadcom's vast collection of semiconductor, software, and security solutions is well-positioned to benefit from the AI revolution. Excitement regarding its recent stock split announcement has driven the stock higher, with a commensurate increase...

1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

America’s largest crypto exchange, Coinbase has revealed plans to list popular doggy-themed cryptocurrency, Shiba Inu (SHIB) for its futures contracts. The exchange has submitted an official filing to the Commodity Trading Futures Commission (CFTC) to begin trading as soon as possible. Coinbase To Add Shiba Inu To Futures Derivatives...

Shiba Inu Gets Major Boost From Coinbase With Latest CFTC Filing

The $52 billion alternative investment firm Investcorp has partnered with Securitize to explore fund tokenization opportunities, initially within Investcorp’s Strategic Capital Group (ISCG), which buys minority interests in GPs. ISCG manages roughly $1.5 billion and has completed 12 investments since its 2019 launch, including most recently in Banner Ridge...

Investcorp to implement fund tokenization in its GP staking business

Fortune

Good morning. Amazon’s market cap exceeded $2 trillion for the first time on Wednesday, as its CFO is betting big on AI use—both for potential clients and internally. Amazon shares this year are up nearly 30%—and over the previous 12 months up almost 50%. Earlier in 2024, Alphabet’s market cap hit $2 trillion, but both firms still trail Microsoft, Apple, and Nvidia, all of which are worth more than $3 trillion. (Bank of America just raised its price target for Amazon shares to $220 from $210.)

Amazon’s market cap hits $2 trillion as its CFO keeps an eye on AI—and cutting costs

JPMorgan said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan. Citigroup said it was raising...

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

In an industry where creators are often tossed aside like yesterday’s lootboxes, MegaMod swoops in with a heroic promise to put them front and center — a knight-in-shining-armor vibe that is slightly sullied by the very first screen on the company’s website. So, what’s the real story...

Pitch Deck Teardown: MegaMod’s $1.9M seed deck

NewsBreak

Hebbia raises nearly $100M Series B for AI-powered document search led by Andreessen Horowitz

The round valued the company between $700 million and $800 million, although TechCrunch couldn’t verify whether that valuation is pre- or post-money. (One possible scenario is...

Hebbia raises nearly $100M Series B for AI-powered document search led by Andreessen Horowitz

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