Tag: iab-business banking & finance

Neuralink, Elon Musk’s brain implant startup, raises $280 million

8Aug

By adminNo Comments

Technology

Neuralink, Elon Musk’s brain implant startup, raises $280 million

New York CNN — Elon Musk’s biotechnology startup Neuralink raised $280 million in a fundraising round, the company announced Monday via X, the Musk-owned social media platform formerly known as Twitter. The Series D round was led by Founders Fund, a San Francisco-based VC firm established by Peter Thiel, the controversial billionaire who was also a cofounder at PayPal. “We’re extremely excited about this next chapter at Neuralink,” the company wrote. The brain chip startup wants to use implants to connect your brain to a computer, a goal Musk has been working on for five years. The company so far has only tested on animals and faced scrutiny after a monkey died in project testing in 20...

Amazon’s stock surges as profit jumps and sales jump

3Aug

By adminNo Comments

Technology

Amazon’s stock surges as profit jumps and sales jump

New York CNN — Amazon (AMZN)’s sales boomed on strong demand in the second quarter for its wide range of products, from fast delivery for Prime deals to ads, fueling a massive jump in profit from a year ago. Sales grew 11% to $134.4 billion. That’s an increase from $121.2 billion in the second quarter of 2022. The number exceeded analyst predictions of $131.4 billion revenue. The stock surged nearly 10% in after-hours trading. Amazon’s stock has risen 52% year to date, one of a handful of tech stocks that has helped power the market higher this year. The company’s profit jumped sharply compared to this quarter last year. Its net income was $6.7 billion in t...