Elon Musk’s xAI buys X

March 29, 2025
Welcome back to Week in Review! Elon Musk says that xAI bought X in an all-stock deal; a16z-backed 11x faked some customers; the Lumon Terminal Pro pops up on Apple’s website; and much more. Let’s dig in! xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an […]

A look at Intel Capital before the 34-year-old firm strikes out on its own

March 29, 2025
When Intel Capital announced its plans to spin out from semiconductor giant Intel in January, it came as a bit of a shock considering the firm has been operating as Intel’s venture investment arm since 1991. In many ways this decision marks the end of an era for what’s considered by some to be the […]

Here are Africa’s biggest startups based on valuation

March 29, 2025
Last year, funding into African startups edged past $2 billion, returning to pre-pandemic levels and presenting a mixed bag as expected. Signs suggest 2025 will follow the cautious trends of the past two years. A sharp decline in mega-deals, mirroring global venture capital tightening since the boom of 2020-2021, pushed local and international investors to […]

Javice found guilty of defrauding JPMorgan in $175M startup purchase

March 28, 2025
Charlie Javice, the founder of student loan application startup Frank that was purchased by JP Morgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found Javice guilty, agreeing with prosecutors’ claims that she fabricated the vast majority of Frank’s […]