Fuse Energy, founded by ex-Revolut executives, is raising $100 million at a $5 billion valuation just four months after its last round. The company serves 200,000 UK households and generates $300 million in annual recurring revenue through cheap power and renewable assets.
Ananym Capital, founded just last month, is calling for Baker Hughes to separate its oilfield services unit. The activist investor argues this could unlock significant shareholder value and boost the stock by at least 60%.
This week saw major strategic moves across the tech landscape. From billion-dollar acquisitions to AI-powered platform launches, companies are aggressively positioning for the future.
US manufacturing activity slowed to a four-month low in November as higher prices from import tariffs restrained demand. The manufacturing PMI dropped to 51.9 while inventories hit record highs, signaling potential production cuts ahead.
Aylo, which owns Pornhub and other adult sites, is asking tech giants to enable device-level age verification. The company argues that current site-based methods are flawed and counterproductive. This comes as studies show age verification laws often fail to protect minors while restricting adult ac
X, formerly Twitter, has seen its user base stagnate under Elon Musk’s ownership. Pew Research data shows usage among Americans remained nearly flat while competitors like TikTok and Instagram grew. The platform lost significant ground with young users aged 18-29.
Twitch will be added to Australia’s social media ban for users under 16 starting December 10. The platform must block new accounts for teenagers and deactivate existing ones by January 9. Pinterest was exempted from the restrictions.
Amazon’s record 14,000+ layoffs hit engineering roles hardest, with nearly 40% of cuts affecting technical positions. The company continues CEO Andy Jassy’s push to operate like “the world’s largest startup” while facing industry-wide tech job reductions.
A revolutionary wireless retinal implant has shown stunning results in restoring central vision for people with advanced macular degeneration. In clinical trials, 81% of participants gained meaningful visual improvement, with many able to read letters, words, and even book pages for the first time i
A $100 million AI super PAC backed by Andreessen Horowitz and OpenAI’s cofounder is targeting New York Assembly member Alex Bores over his AI safety legislation. Bores believes the attack backfired, generating attention for his cause. The conflict highlights growing tensions between AI regulation an
