The FinTech Hub
Source: The Verge Today’s the day: Waymo’s unlikely partnership with Uber is now live in Austin, Texas. The former rivals have joined forces in the hopes of accelerating the transition to autonomous vehicles, and as of today, any Austin resident with a desire to take a trip in a fully driverless robotaxi can open their…
Source: The Verge Taiwan Semiconductor Manufacturing Co. – the world’s biggest chipmaker – will invest at least $100 billion to expand chip manufacturing in the US. During a press conference on Monday, President Donald Trump said the funding would go toward building two additional chip manufacturing facilities in Phoenix, Arizona. The $100 billion investment builds…
Source: The Verge Intel is delaying the opening of its $28 billion Ohio chip plants yet again. In an update on Friday, Intel executive vice president Naga Chandrasekaran said the company now expects its first factory to begin operations between 2030 and 2031 – years later than its initial plan to kick off production in…
Source: The Verge According to the Securities and Exchange Commission, meme coins don’t meet the requirements to be protected by federal securities law. In new guidance issued on Thursday, the SEC announced that it doesn’t view most meme coins — cryptocurrencies that originate from internet memes or cultural phenomena — as securities, and that transactions…
Source: The Verge Airbnb co-founder Joe Gebbia has joined President Donald Trump’s Department of Government Efficiency (DOGE) service. Gebbia, a close friend of Elon Musk and fellow billionaire, announced that he’s been tasked with “improving the slow and paper-based retirement process,” though the specifics of his involvement are unclear. “Excited to share I’m bringing my…
Source: The Verge Technicolor Group, the French VFX giant that owns some of Hollywood’s most in-demand post-production houses, appears to be on the brink of collapse — putting thousands of jobs at risk. Variety reports that Technicolor has begun winding down operations after failing to secure a new round of investment necessary to keep the…
Source: The Verge Disney has had a tumultuous run since Bob Iger’s return as the company’s CEO, which came just two years after he handed the reins over to Bob Chapek. Iger has since worked to undo some of Chapek’s changes as the company contends with a streaming-focused future. Iger has big plans for the…
Source: The Verge Today, I’m talking with Vimeo CEO Philip Moyer. You probably know Vimeo from its beginnings as an artsier, more creative competitor to YouTube. But over the last few years, and especially after it went public in 2021, Vimeo has really turned itself into an enterprise software company, selling video hosting services to…
Source: The Verge Let’s pause and look at what the Elon Musk administration has done so far. There’s been a lot of panic about the immediate but somewhat abstract constitutional crisis as Elon Musk’s misleadingly-named Department of Government Efficiency (DOGE) rips the government apart. And as much fun as we all are having watching Congress…
Source: The Verge Struggling electric truck company Nikola said it was filing for Chapter 11 bankruptcy protection on Wednesday and would sell off its assets, effectively ending a challenging journey punctuated by rapid cash burn, allegations of fraud, and the incarceration of its first CEO and founder. Nikola said it would seek an auction and…
