Recent court cases reveal how middlemen are facilitating a booming trade, eluding a crackdown.
Allstate Insurance is suing Broadcom, alleging the tech giant initiated haphazard audits in retaliation for Allstate not renewing contracts with VMware and CA Technologies. Allstate claims it complied with audit requirements, while VMware alleges Allstate stonewalled and removed software.
EV startup Slate Auto, backed by Jeff Bezos, is partnering with Crayola to offer five custom vehicle wraps in signature Crayola colors. The wraps cost $1,549.99 and include a matching key fob and dashboard art piece. This marks Crayola's first automotive partnership.
Gas prices in the U.S. have fluctuated significantly this year, with averages ranging from $2.79 to $4.56 per gallon. This volatility, driven by global conflicts and shipping disruptions, impacts consumer behavior, leading to more frequent but smaller fuel purchases. Experts predict these price swings will continue, advising drivers to budget for higher costs and seek savings through apps or fuel-efficient habits.
Venture capitalist Charles Hudson discusses challenges for early-stage founders, advising against chasing high valuations and urging founders to conduct due diligence on investors. He also highlights the changing VC landscape, influenced by rapid AI company growth.
AI training startup Mercor is reportedly in early-stage talks to raise a new funding round at a $20 billion valuation. This would double its valuation from October's $10 billion Series C, as the company's annualized revenue run rate reportedly crossed $2 billion.
Nvidia's stock has dropped 15% despite growing revenue, as memory chip makers like Micron have seen their value surge. Data centers now face a memory bottleneck, shifting investor focus from GPUs to DRAM.
