Salesforce buys Moonhub, a startup building AI tools for hiring

June 2, 2025
Salesforce has quietly snapped up Moonhub, a startup building AI to vet and hire talent. The terms of the deal weren’t disclosed. In a post on Moonhub’s website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub. “As a customer and investor, Salesforce […]

Chime, last valued at $25B, aims for $11B in upcoming IPO

June 2, 2025
Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That’s an up-to-$11.2-billion market cap. At the mid-range, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation, who plan to sell […]

IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC

June 2, 2025
IBM on Monday said that it has acquired Seek AI, an AI platform that allows users to ask questions about enterprise data using natural language, for an undisclosed sum. Seek CEO and founder Sarah Nagy said that the startup’s technology will be a key part of Watsonx AI Labs, IBM’s new NYC-based AI accelerator, which […]

Elon Musk’s xAI reportedly looks to raise $300M in tender offer

June 2, 2025
Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. The secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors. The tender offer will likely precede a larger […]

Tesla files new ‘Robotaxi’ trademark applications after prior attempt stalls

June 2, 2025
Tesla has filed trademark applications for the term “Tesla Robotaxi,” after the company’s previous attempts to secure trademarks for its planned self-driving vehicle service hit roadblocks. The company originally applied in October 2024 for the trademark of the words “Robotaxi” and “Cybercab.” The United States Patent and Trademark Office (USPTO) told the company last month […]