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Thrive Holdings Lands $2B to Expand Enterprise AI Solutions

Thrive Holdings has closed a $2 billion funding round, pushing its valuation to $12 billion. The round drew support from prominent investors SoftBank, D1 Capital Partners, and Altimeter Capital. Backed by OpenAI, the company plans to leverage the capital to expand its portfolio of AI tools tailored for enterprise customers.

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ICE Plans $20 Million Contract for Electric Shock Gloves

Immigration and Customs Enforcement (ICE) is pursuing a contract worth up to $20 million to equip officers and agents with electrified gloves designed to deliver painful electric shocks. The Department of Homeland Security published a notice detailing the plans, which call for an unspecified quantity of devices to be delivered

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Federal Government Intervenes in New York-Kalshi Legal Dispute Over Prediction Markets

The Trump administration has stepped into a legal battle between New York state and prediction market platform Kalshi, ordering the company to keep operating despite state gambling enforcement actions. The federal government claims that New York's lawsuit against Kalshi has created a "market emergency" that justifies

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Form Energy Secures $750M to Scale 100-Hour Grid Battery Production

Form Energy has closed a $750 million funding round to accelerate production of its iron-air batteries designed to store electricity for up to 100 hours—significantly longer than typical lithium-ion grid storage systems that typically provide 4–8 hours of capacity. The company, which counts Google and cloud infrastructure provider

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Lovable Reaches $13.3B Valuation After $400M Raise

Lovable, the AI startup focused on building web and mobile applications through conversational interfaces, has secured $400 million in fresh capital at a $13.3 billion valuation, according to sources familiar with the matter. The funding round represents a significant jump for the company, which achieved $500 million in annualized

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VideoVerse Co-Founder Faces Fraud Allegations as $250M Acquisition Collapses

A high-profile $250 million acquisition has fallen apart, leaving investors in limbo and placing VideoVerse co-founder Vinayak Shrivastav at the center of multiple legal disputes. The deal, which once promised significant returns for stakeholders, has unraveled amid allegations of fraud and forged signatures. Shrivastav now faces ongoing legal proceedings as

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Security Researcher Publishes Windows Zero-Day After Microsoft Legal Threats

A security researcher operating under the name "Nightmare Eclipse" has published a new Windows zero-day vulnerability, escalating an ongoing dispute with Microsoft over responsible disclosure practices. The release comes after Microsoft publicly threatened legal action against the researcher. This latest zero-day marks another contribution to a pattern of