Benchmark Capital, the storied Silicon Valley VC firm known for early investments in eBay, Snap, Uber, and Twitter, is breaking with one of its signature traditions: keeping its funds to about $425 million and backing only young startups. After more than two decades of restricting its vehicles to that amount or lower, the outfit has … Read more
PHOENIX — Dodgers two-way phenom Shohei Ohtani is scheduled to get the day off Thursday after pitching and hitting Wednesday, manager Dave Roberts said before the game. Roberts left open the possibility of a pinch-hit appearance Thursday with the game on the line. But the Dodgers won’t necessarily feel the need to find him rest days, either … Read more
Steve Cohen’s $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business Insider. That gain puts Cohen’s firm at 10.5% for the year, following a 17.5% gain in 2025, when the manager outperformed its main rivals in the multistrategy space, … Read more
Nearly two and a half years ago, in January 2024, I crammed my most essential belongings into three suitcases and left behind the only life I have ever known to start a new one halfway across the world, in Paris. Jaded by corporate America and wanting a change of environment, I left my hometown of … Read more
Acclaimed German director Wim Wenders announced he was withdrawing his 1975 film, “Wrong Move,” from distribution due to a scene featuring then-13-year-old actor Nastassja Kinski topless. Kinski played Mignon, a mute acrobat and street performer, in the film. In the controversial scene, she is featured lying on the bed topless as she tries to seduce … Read more
L.A. Mayor Karen Bass made what sounded like a victory speech Tuesday night. Councilmember Nithya Raman made what sounded almost like a concession speech. And former reality TV star Spencer Pratt relayed a message from the heavens. “Well, obviously God wanted five more months of me exposing all the failures of our mayor, so it’s … Read more
OpenAI’s employees are spending tokens on tokens on tokens. And yet it’s someone outside the company who is spending the most. The AI lab’s employees are known for their high AI spending. Peter Steinberger, the creator of OpenClaw, once spent $1.3 million worth of tokens in a month. During a Tuesday enterprise event, CEO Sam … Read more
In a quick-commerce market obsessed with speed, Indian startup FirstClub has convinced investors that quality may be a fresh opportunity, helping to double its valuation just nine months after its last funding round. The Bengaluru-based startup has raised $55 million in a Series B round co-led by Peak XV Partners and Sofina, valuing the company … Read more
Rebecca Grossman and former major leaguer Scott Erickson are to blame for the deaths of two young brothers who were struck by Grossman’s SUV in a Westlake Village crosswalk, a jury decided Wednesday. Grossman, 62, is already serving 15 years to life in prison after being convicted of second-degree murder for fatally striking Mark and … Read more
A federal appeals court ruled Monday that the Pentagon’s policy to kick out transgender troops was illegal, halting the administration from removing more than two dozen transgender service members who have sued the Pentagon. A majority of the three-judge panel of the US Court of Appeals for the District of Columbia Circuit found that the … Read more
OpenAI CFO Sarah Friar said it’s hard to describe what it feels like to use the company’s closely-guarded AI hardware device. “It feels very natural, but it feels very lovable,” Friar said during a live interview at the “All-In Podcast” team’s Liquity Summit in California. When the co-hosts of the “All-In” podcast pressed her on … Read more
After Microsoft released findings from its latest employee surveys, some workers took to an internal message board to question the results, according to comments viewed by Business Insider. These employees wondered whether the surveyed had been watered-down, especially when it comes to issues around compensation at the software giant. For years, one question in particular … Read more
Lovable and Google announced an expanded multi-year collaboration on Wednesday. Lovable, the fast-growing Stockholm vibe-coding startup, has long been a Google Cloud user. Under the new agreement, it will be a much bigger one. While the companies did not disclose the dollar figure, a person with knowledge of the deal tells TechCrunch it involves a … Read more
As election officials continued tallying ballots Wednesday, Republican Steve Hilton and Democrat Xavier Becerra continued to lead in the unsettled race to replace termed-out Gov. Gavin Newsom, with billionaire Democrat Tom Steyer hoping for a surge in late-arriving votes to push him into one of the top-two spots to advance to the November general election. … Read more
SpaceX officially wants to have the largest initial public offering of all time. Elon Musk’s rocket company is seeking to raise $75 billion in its initial public offering, according to a filing it submitted to the Securities and Exchange Commission. It plans to offer 555,555,555 shares of common stock at $135 per share. That offering … Read more