A ‘Trump bump’ is boosting Palm Beach real estate. See 4 lavish properties that show the boom.
This spec mansion is on the market for $285 million in Palm Beach, Florida. Florida may be the Sunshine State, but Palm Beach is having a moment in the spotlight. Some brokers say President Donald Trump could be the reason. Take 1980 South Ocean Boulevard, a 2-acre vacant lot five minutes from the Trump-owned Mar-a-Lago…
Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO’s full memo to employees.
Southwest Airlines said it would lay off 15% of its corporate workforce. Southwest Airlines said on Monday that it would slash 15% of its corporate workforce, or about 1,750 employees. The cuts are the first major layoffs in Southwest’s 53-year history and the airline’s latest response to its financial woes as its profits plunge. The…
AI startup Groq once almost ran out of money, so the CEO took a page from World War II fundraising
When Groq faced a cash crunch a few years ago, CEO Jonathan Gross asked staff to cut their cash salaries. Semiconductor startup Groq was once so close to going broke that the CEO took inspiration from the US’s fundraising during World War II. Jonathan Ross, who founded the company in 2016 with a group of…
Meta plans to build the world’s longest subsea cable that will connect the US to India
Meta plans to build an underwater cable that will circle the globe. Meta has unveiled plans to spend billions of dollars as part of its multi-year ambition to build the world’s longest subsea cable and accelerate AI innovation. In a blog post on Friday, the company said its new Waterworth Project will cover over 50,000…
Customer data startup Hightouch raises new funding at $1.2 billion valuation in round led by Sapphire Ventures
Hightouch cofounders Tejas Manohar, Josh Curl, and Kashish Gupta. Hightouch, a data activation platform for sales and marketing teams, has raised $80 million in Series C funding. Sapphire Ventures led the round, which values Hightouch at $1.2 billion. Iconiq Growth, Bain Capital Ventures, Amplify Ventures, and NVC also participated in the financing. The San Francisco-based…
Why Slow Ventures raised $60 million to invest in creator businesses — and how it’s structuring deals
Slow Ventures partners Sam Lessin and Megan Lightcap. YouTubers are the new Stanford dropouts. Slow Ventures, an early-stage VC firm, launched a new $60 million fund focused on investing in content creators. It’s looking for creators with the “DNA of a YC founder,” Megan Lightcap, a partner leading Slow’s creator fund, told B-17, referring to…
Elon Musk says AI could be key to filling out a perfect March Madness bracket and winning Warren Buffett’s challenge
Berkshire Hathaway CEO Warren Buffett. Elon Musk says AI could be the key to filling out a perfect March Madness bracket and winning Warren Buffett’s challenge. “So this is kind of a fun one,” he said during Monday’s launch for his startup xAI’s latest model, Grok-3. “If you can exactly match the entire winning tree…
Bill Gates says younger generations should be worried about 4 ‘very scary’ things
Bill Gates says there are about four things younger generations should be “very afraid” of. If Bill Gates were young again, he says he would be afraid of more than just the atom bomb. “There’s, you know, about four or five things that are very scary, and the only one that I really understood and…
TikTok’s top music exec is leaving, after helping turn a lip-syncing app into a music industry force
Ole Obermann, global head of music business development at TikTok and ByteDance. Ole Obermann, the top music executive at TikTok, is leaving the company in March, a source familiar with the departure confirmed to B-17. Since joining the company in 2019, Obermann has helped TikTok expand from its roots as a lip-syncing app into a…
