Startup

Securities and Exchange Commission (SEC) has filed a lawsuit against crypto mining investment firm Mining Automatic and its founder, Zan Shaikh, alleging they raised approximately $22 million from investors through fraudulent promises.

Xiaomi has unveiled the SkyNomad N90, its first extended-range electric vehicle (EREV), marking a strategic expansion into China’s family SUV market.

This marks the first large-scale corporate use of a yen stablecoin in Japan, potentially transforming payment efficiencies in the logistics sector.

Netflix disclosed in a new regulatory filing that it paid $587 million in cash to acquire InterPositive, an AI filmmaking startup co-founded by actor and director Ben Affleck.

Jeff Bezos and the UK government have invested in CuspAI, a British artificial intelligence startup valued at £2bn ($2.6bn) that aims to become the 'search engine for rare materials.' The Cambridge-based company raised $450m (£330m) in series B funding from investors including Bezos and the government's sovereign AI fund, valuing the two-year-old business at $2.6bn.