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Michael J. de la Merced
Posts
OpenRouter, an Exchange for A.I. Models, Raises $113 Million
An investment arm of Alphabet is backing OpenRouter, which helps companies choose among hundreds of models for different software tasks.
Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of…
Casa, a Handyman Start-Up, Aims to Automate Home Maintenance
Casa, a company founded by former Uber executives, says it uses artificial intelligence and a stable of handymen to take care of members’ homes.
Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal
The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.
Shield AI, a Start-Up Making Military Drones, Raises $2 Billion
The company, which develops autonomous military technology, also plans to buy a maker of simulation software as interest in next-generation defense soars.
Berkshire Hathaway Posts a Drop in Earnings in Buffett’s Last Year
In his first report as C.E.O., Gregory Abel, stuck to a straight commentary rather than Warren Buffett’s folksy tone. The lower earnings were largely driven…
Revel, a Maker of Software for Running Hardware, Raises $150 Million
The start-up, founded by a former top SpaceX engineer, promises to help companies reduce their testing times and optimize systems.