Espresso

Sign in Subscribe

Startups & Entrepreneurship

Eightfold AI Sued for Secretly Scanning Resumes—Can AI Build Profiles Without Consent?

Eightfold AI Sued for Secretly Scanning Resumes—Can AI Build Profiles Without Consent?

TL;DR * Eightfold AI sued in California for violating FCRA by compiling job applicant profiles without consent using AI-driven inference from online resumes * Skip launches open-source Swift-to-Kotlin SDK, enabling cross-platform iOS/Android app development without licensing fees ⚖️ Eightfold AI Sued for Selling AI Job Profiles Without Consent—FCRA Violation Eightfold

Boeing, GSK & EU Inc Ignite Funding Surge: Defense Wins, $2.2B Acquisitions & 48-Hour Company Registration Redefine Funding & Growth

Boeing, GSK & EU Inc Ignite Funding Surge: Defense Wins, $2.2B Acquisitions & 48-Hour Company Registration Redefine Funding & Growth

TL;DR * Boeing Secures F-47 Contract Win and Boosts Backlog, Bernstein SocGen Raises Price Target to $277 Amid Defense Division Recovery * GlaxoSmithKline acquires Rapt Therapeutics for $2.2B to advance ozureprabart IgE antibody pipeline for severe food allergies * EU Inc Launches 48-Hour Online Company Registration to Boost Startup Ecosystem Across

California’s $950M Billionaire Tax Sparks Tech Exodus: $200B Capital Flight Risk as Page, Ellison Sell Assets and 45 LLCs Flee

California’s $950M Billionaire Tax Sparks Tech Exodus: $200B Capital Flight Risk as Page, Ellison Sell Assets and 45 LLCs Flee

California’s 5% billionaire wealth tax could raise $950M—but risks $200B tech capital flight. $73M in real estate sold by Page. 45 LLCs relocated. 5K–10K jobs at risk. Ballot deadline: Jun 24, 2026. #WealthTax #TechExodus #California #BillionaireTax #EconomicPolicy California’s proposed 5% wealth tax on residents with net

Alphabet Surpasses Apple in Market Cap as Google Cloud and Gemini AI Drive $4.1T Valuation; Estée Lauder Upgraded on Asia Growth; Torq Ltd. Raises $140M in Series C

Alphabet Surpasses Apple in Market Cap as Google Cloud and Gemini AI Drive $4.1T Valuation; Estée Lauder Upgraded on Asia Growth; Torq Ltd. Raises $140M in Series C

TL;DR * Alphabet’s market cap surpasses $3.97 trillion as Google Cloud grows 33–34% YoY and Gemini AI drives re-rating amid rising AI infrastructure demand * Torq Ltd. raises $140M in Series C funding at $1.2B valuation, expanding AI-driven security hyperautomation platform with enterprise clients including PepsiCo and

Snowflake Acquires Observe AI for $1B in AI Infrastructure Push as Tamil Nadu Launches ₹100 Cr Deep-Tech Seed Fund

Snowflake Acquires Observe AI for $1B in AI Infrastructure Push as Tamil Nadu Launches ₹100 Cr Deep-Tech Seed Fund

TL;DR * Snowflake acquires Observe AI for $1 billion to integrate AI-powered SRE observability into its cloud data platform, enhancing enterprise troubleshooting capabilities * Optasia raises $345 million in Johannesburg Stock Exchange IPO, marking Africa’s largest fintech listing and boosting 2025 startup funding forecast to $3 billion * Optimism Foundation proposes

Anthropic Hits $350B Valuation Amid $30B Nvidia GPU Lock-In; xAI, Discord, and Babylon Surge in AI and Crypto Innovation

Anthropic Hits $350B Valuation Amid $30B Nvidia GPU Lock-In; xAI, Discord, and Babylon Surge in AI and Crypto Innovation

TL;DR * Anthropic raises $10 billion at $350 billion valuation in Series F round led by GIC and Coatue to accelerate Claude AI development and secure $30B in Nvidia-powered Azure compute capacity * MiniMax Group oversubscribes Hong Kong IPO with multiple-fold order books, targeting $1–2.5B valuation as Asia’s

Mobileye Acquires Mentee Robotics for $900M, xAI Raises $20 Billion Led by NVIDIA and Fidelity

Mobileye Acquires Mentee Robotics for $900M, xAI Raises $20 Billion Led by NVIDIA and Fidelity

TL;DR * Mobileye acquires Mentee Robotics for $900M to expand into humanoid robots, targeting 2026 proof-of-concept deployments and 2028 series production * xAI Secures $20B Series E Funding Led by NVIDIA and Fidelity, Valuation Reaches $230B to Expand Colossus Supercomputer and Grok AI Models * Pfizer Acquires Metsera in $12B Biotech M&