Venture capitalists Marc Andreessen and Ben Horowitz poured $25 million into a pro-artificial intelligence super political action committee, boosting the industry’s war chest ahead of the November midterm elections.

Hewlett Packard Enterprise Co. asked a UK court to name administrators over the estate of British tech entrepreneur Mike Lynch, who died after his luxury yacht sank off the coast of Sicily in 2024, as the technology firm seeks to recoup about $1.2 billion.

“AI that was on shaky ground at the start of the year, is back,” says Beata Manthey, head of European equity strategy at Citi, as she explains why her firm has upgraded US stocks. (Source: Bloomberg)

Allbirds Inc., the once-buzzy maker of wool sneakers valued at more than $4 billion in its heyday, announced a new business plan just days before it planned to close down for good: AI computing infrastructure.

President Cyril Ramaphosa said billionaire Elon Musk could use equity-equivalence programs to meet South Africa’s racial-equity rules and roll out his Starlink internet service locally, pointing to US firms that comply through alternative investments rather than ownership.

Meta Platforms Inc. has been threatened with an interim European Union ban on policies that allegedly block rival AI firms from operating on WhatsApp, unless the tech giant offers fixes that appease the bloc’s concerns.

Amazon wants to capitalize on a category that Samsung pioneered. It’s also releasing a new $35 streaming stick.

Accel, the venture capital firm that’s backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised $5 billion in new funds to keep up its big bets in the age of increasingly valuable artificial intelligence startups.