Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
Category: Start-ups
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business: -
Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year
The New York Times – Business:The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
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Why So Many People Already Own Shares of Elon Musk’s SpaceX
The New York Times – Business:Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
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What Elon Musk’s Clash With Sam Altman of OpenAI Is Really About
The New York Times – Business:Mr. Musk’s lawsuit against Mr. Altman and OpenAI makes the case that all-encompassing greed is Silicon Valley’s defining feature.
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A.I. Start-Ups From Canada and Germany Merge to Take On Silicon Valley
The New York Times – Business:Cohere is acquiring Aleph Alpha in a deal aimed at customers uneasy about the dominance of American companies in artificial intelligence.
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Sam Altman’s Next High-Wire Act: Getting OpenAI to Make More Money
The New York Times – Business:Mr. Altman, who has faced criticism over OpenAI’s direction, has culled company projects and is trying to be more disciplined with strategy.
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DeepSeek’s Sequel Set to Extend China’s Reach in Open-Source A.I.
The New York Times – Business:Chinese companies have embraced making their most advanced artificial intelligence models available to all.
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Crypto Entrepreneur Justin Sun Sues Trump Family’s World Liberty Financial, Accusing It of Fraud
The New York Times – Business:Justin Sun, one of the largest backers of World Liberty Financial, sued the Trump family’s crypto start-up, accusing it of a fraudulent scheme to pressure him into buying digital coins.
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Aging in Place: How Technology Might Help You Grow Old at Home
The New York Times – Business:The budding field is turning dreams into reality for older adults who are eager to age in place, filling caregiving gaps and easing minds as America ages rapidly.
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Detroit Aims to Become Center of U.S. Drone Manufacturing
The New York Times – Business:The state, known for making cars, is spending millions to entice drone manufacturers that can bring new business to auto suppliers.
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The Escalating Global A.I. Arms Race
The New York Times – Business:China, the U.S., Russia and others have ramped up their contest over artificial-intelligence-backed weapons and military systems. The buildup has been compared to the dawn of the nuclear weapons age.
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How A.I. Helped One Man (and His Brother) Build a $1.8 Billion Company
The New York Times – Business:Who needs more than two employees when artificial intelligence can do so many corporate tasks? It’s super efficient — and a little bit lonely.