By Alexandra Alper WASHINGTON (Reuters) -Donald Trump’s Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years and well over $800 million combined to develop, work initially aimed at overhauling antiquated human resources systems. The reason for the unusual move: officials at those departments, who have so far…
Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and…
Dylan Field, co-founder and CEO of Figma, signs the guestbook on the floor of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Mark Zuckerberg may be the most famous college-dropout-turned-tech-billionaire. Dylan Field is the latest, after his design startup Figma soared in its stock…
Fifteen years ago, Dylan Field was a freshman computer science student at Brown University. On Thursday, the company he started in college and now runs, Figma, made its blockbuster debut on the New York Stock Exchange, marking the largest U.S. venture-capital-backed tech IPO in four years. Figma’s stock surged 250% on its debut, making it…
China should factor in the future visions of America’s right-wing tech barons to gain a more complete picture of the second Trump administration’s policies, a top Chinese strategist has suggested. As the two powers had their latest round of trade talks in Stockholm, another prominent expert in China also called on Beijing to look beyond…
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Palantir has hit another major milestone in its meteoric stock rise. It’s now one of…
Evidence grows showing that the US military is setting the stage for war on China. A leaked memo obtained by the Washington Post reveals that the US Department of Defense has made preparing for war with China into its top priority, giving it precedence over all other issues. The Pentagon is concentrating its resources in…
Omar Marques | Lightrocket | Getty Images Investors continued to dump Palantir shares on Thursday, escalating concerns that the latest hot pick among retail traders could be fizzling out. Shares of the mysterious technology and defense stock retreated close to 5% on Thursday, regaining some ground into session close. Still, that builds on Wednesday’s slide…
The CEO of Anthropic, an AI company backed by Amazon and Google, argued that the US government must impose heavy restrictions on China in order to maintain a monopoly on artificial intelligence technology. If the US government can block China from getting advanced semiconductors, we will “live in a unipolar world, where only the US…
There’s a dominant narrative in the media about why tech billionaires are sucking up to Donald Trump: Elon Musk, Mark Zuckerberg, and Jeff Bezos, all of whom have descended on the nation’s capital for the presidential inauguration, either happily support or have largely acquiesced to Trump because they think he’ll offer lower taxes and friendlier…