Mercury, the FinTech serving over 200,000 companies, has officially applied to become a nationally chartered bank. The move, announced December 19, aims to provide greater stability and could reshape its competition with traditional banks.
In a deal mixing cash and equity, AI code editor Cursor is acquiring Graphite to integrate writing and reviewing code. The move comes as studies question the real productivity gains from AI coding tools.
Sam Altman has “0%” excitement about being the CEO of a public company. But with OpenAI’s valuation soaring and an IPO potentially on the horizon for 2026, he might not have a choice.
Jim Cramer is telling investors to be careful with GE Vernova, even as Wall Street firms like Jefferies and Morgan Stanley pile on with huge price target hikes. The stock, which makes gas turbines for power-hungry AI data centers, is up nearly 100% this year but saw wild swings this week.
iRobot has filed for bankruptcy and will be purchased by its Chinese contract manufacturer, Picea Robotics. CEO Gary Cohen insists this is a necessary reboot to save the company and close a four-year tech gap with competitors. The future of the iconic Roomba brand now hinges on a partnership blendin
PayPal has filed to establish a state bank in Utah, with a clear focus on lending to small businesses. The fintech giant says it’s already provided $30 billion in loans since 2013, but becoming a bank would streamline the process and cut out middlemen.
Samsung’s follow-up to its Galaxy Ring is hitting major roadblocks. Sluggish sales and a nasty patent fight with market leader Oura are forcing a rethink of the launch timeline.
Venture capital in 2025 was a tale of two extremes. AI companies hoovered up a record share of mega-rounds, while traditional mid-stage deals got squeezed out. The entire funding landscape is being reshaped.
A new cybersecurity startup, Dux, has launched with a $9 million seed round. Its platform uses “AI-workers” to continuously analyze which vulnerabilities are actually exploitable and find the fastest path to fix them.
The pioneer of the robot vacuum is hitting the reset button. iRobot has filed for Chapter 11 bankruptcy and will be acquired by China’s Picea Robotics. Your current Roomba should keep working, but the brand’s future is now a huge question mark.
