EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting

The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.

Hackers are actively exploiting a bug in cPanel, used by millions of websites

Web hosts are scrambling to fix the bug under active attack by hackers. One company said hackers have been abusing the bug for months.

Legal AI startup Legora hits $5.6B valuation and its battle with Harvey just got hotter

The two wildly fast-growing rivals have raised massive sums, pushed into each other’s home turf, and now have dueling ad campaigns.

Rivian downsizes DOE loan to $4.5B for Georgia factory

Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.

Apple was surprised by AI-driven demand for Macs

Apple said it will be supply-constrained on Mac mini, Studio, and Neo in the next quarter, too.

Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says

Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.

Sources: Anthropic potential $900B+ valuation round could happen within 2 weeks

Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.

As Tim Cook steps down, Apple hit record sales — but a chip shortage looms

Cook warned that Apple is facing supply-chain headwinds from RAMageddon that could impact its business.

People are finally using Reddit’s search

The company saw a 30% year-on-year jump in the number of people using search every week, CEO Steve Huffman said on Thursday.

ChatGPT Images 2.0 is a hit in India, but not a big winner elsewhere, yet

Users in India are embracing ChatGPT Images 2.0 for creative, personal visuals — from avatars to cinematic portraits.