X.ai, Elon Musk's new artificial intelligence company, appears to have raised at least $134.7 million out of a $1 billion target, per a new SEC filing.
Berkshire Hathaway owns 80% of truck stop chain Pilot Travel Centers, which is one of America's largest private companies with around 30,000 employees. But that remaining 20% has become subject to a very ugly legal fight.
Why it matters: Warren Buffett's credibility as an acquisition partner is at stake.
Shareholders in Origin Energy, one of Australia's largest power producers, have rejected a A$15 billion takeover offer from Canadian investment giant Brookfield.
Why it matters: This is the second major energy deal loss in Australia for Brookfield, which just announced participation in a $30 billion climate fund launched by United Arab Emirates.
FazeWorld, a production studio that's created viral TikTok shows, has raised a $750,000 seed round at a $7.5 million valuation from a slew of big names in media, studio chief Adam Faze exclusively tells Axios.
Why it matters: The round underscores the interest in short-form video content, especially from younger audiences.
Activist investor Ancora has built a small stake in Disney and is calling on the company to put Trian co-founder Nelson Peltz on the board, according to a letter obtained by Axios.
Why it matters: Ancora's push for the company to settle with Trian is likely a view shared by other investors, and any momentum for a truce complicates Disney's efforts to keep Peltz off the board.
The founders of Warbler Labs, the company behind the Goldfinch private-credit DeFi lending protocol, has launched a robo-adviser built on top of blockchain.
Why it matters: Heron Finance is another example of a crypto industry shaker taking the more regulated path, moving the world of decentralized finance closer to Wall Street.
Bitcoin on Monday touched $42,000, a level not seen since May 2022 before the collapse of a stablecoin called TerraUSD heralded the start of the industry's meltdown.
Why it matters: The price surge comes thanks to optimism about the possibility of a Bitcoin ETF, as well expectations for Fed rate cuts buoying riskier assets — but this isn't just a market forces thing.
Rockstar Games has revealed the next Grand Theft Auto earlier than planned, with a 90-second trailer that's promising a 2025 release for GTA VI and, in a rare turn for the series, a woman in one of the lead roles.
Why it matters: GTA is not just one of gaming's biggest franchises, but one of entertainment's biggest.
A factory planning to pump out 10,000 two-legged robots a year is taking shape in Salem, Oregon — the better to help Amazon and other giant companies with dangerous hauling, lifting and moving.
Why it matters: Agility Robotics says that its RoboFab manufacturing facility will be the first to mass-produce humanoid robots, which could be nimbler and more versatile than their existing industrial counterparts.
The gender disparity in pursuing STEM careers persists among young people ranging from tweens to recent grads, new data shows.
Why it matters: Like their older counterparts, girls aren't warming to STEM, as diversity in the field is critical for representative and responsible advancements — and despite efforts designed to boost their participation.
Commissioner Hester Peirce is held up as industry champion at the SEC for often going toe-to-toe against crypto enemy No. 1, chairman Gary Gensler.
Yes, but: Peirce, or "Crypto Mom" per her nickname, doesn't view herself as pro-crypto, per se. According to Peirce, her core philosophy of how government should work just happens to align with a key industry tenet.
