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The recently pardoned founder of Nikola, Trevor Milton, has been fighting a subpoena from the creditors of his bankrupt electric trucking company. The official committee of unsecured creditors in the bankruptcy case sent the subpoena to Milton’s lawyers on April 1, according to a recent fili

Fitness equipment maker Peloton‘s CEO Peter Stern has said the company is exploring ways to expand its customer base by making its products available for use in gyms and launching a peer-to-peer marketplace for used equipment. Speaking at Bloomberg Tech Summit on Thursday, Stern said Peloton

A U.S. court denied Apple a stay on a ruling that requires the company to stop charging developers for payments made outside the App Store through links in apps. This means in the U.S., Apple will no longer be able to charge developers a fee when customers click on a link within their app that tak

Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The round was led by returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel, and DST Global. The massive round is Anysphere’s third fund

Circle, one of the world’s largest issuers of USDC, a stablecoin pegged to the U.S. dollar, ended its first trading day as a public company at $83.23 per share, 168% above its IPO price of $31 set the previous day. The IPO pop demonstrates public market investors’ interest in cryptocu

President Donald Trump and his biggest political supporter Elon Musk are breaking up in the most public and 21st century way — via their own social networks. And while many predicted the Trump-Musk pair-up would eventually sour, it’s still worth asking and trying to answer, “How did w

Europe likely just suffered a setback in its attempt to reach another milestone in the commercial race to use lunar resources. Tenacious, which was set to become the first European-made rover to land on the moon, was aboard a lander that lost contact during its landing attempt. Mission controller

Well, it finally happened. This town wasn't big enough for the two towering egos of billionaire Elon Musk and President Donald Trump, and now they're duking it out publicly, albeit from their own separate corners of the web. Musk is taking to his own social media platform, X, to take jabs

Perplexity received 780 million queries in May, CEO Aravind Srinivas shared onstage at Bloomberg’s Tech Summit on Thursday. Srinivas said that the AI search engine is seeing more than 20% growth month-over-month. “Give it a year, we’ll be doing, like, a billion queries a week if

Wing, the on-demand drone delivery company owned by Alphabet, is spreading its commercial wings with help from Walmart. The two companies announced Thursday plans to roll out drone delivery to more than 100 Walmart stores in five new cities: Atlanta, Charlotte, Houston, Orlando, and Tampa. Walmar

Anthropic co-founder and Chief Science Officer Jared Kaplan said his company cut Windsurf’s direct access to Anthropic’s Claude AI models largely because of rumors and reports that OpenAI, its largest competitor, is acquiring the AI coding assistant. “We really are just trying to

Bonfire Social, a new framework for building communities on the open social web, launched on Thursday during the FediForum online conference. While Bonfire Social is a federated app, meaning it’s powered by the same underlying protocol as Mastodon (ActivityPub), it’s designed to be more

X announced on Thursday that it’s launching an experiment that will recognize posts that are liked by people who normally disagree. The experiment leverages the platform’s crowdsourced Community Notes feature, which is currently used when content has been marked as misleading or incorre

Ahead of its Worldwide Developers Conference on June 9, Apple on Thursday offered a new update on its global App Store business, sharing that developers generated $1.3 trillion in billings and sales in 2024. The company stressed that 90% of those billings and sales did not involve paying Apple a co