TypeSafe AI raises $870 million at $7.5 billion valuation
Andreessen Horowitz led the funding round for the developer of Jev, with Sequoia and existing investor DCVC also participating.
Globe And Street: global business and finance news
Economy & Policy
CFTC adopts rule excluding casino-style gambling from swap definition
The agency says the measure codifies its longstanding position and becomes effective immediately upon publication in the Federal Register.
Tech
Stellantis CEO says Wayve partnership could lower driver-assistance costs
The automaker targets a North American launch in 2028 for its first product using Wayve’s AI driving software.
- WorldEU and China agree to curb hybrid vehicle exports to Europe
- MarketsWorld shares gain as Treasury yields edge higher
- Economy & PolicyCFTC adopts rule excluding casino-style gambling from swap definition
- CompaniesNetflix preparing to cut about 5% of jobs, media report says
- IPO & DealsTypeSafe AI raises $870 million at $7.5 billion valuation
- Energy & CommoditiesBattery storage undercuts gas turbines across 43 markets, Wood Mackenzie says
- Crypto & Digital AssetsFinCEN abandons proposed reporting requirements for private crypto wallets
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechStellantis CEO says Wayve partnership could lower driver-assistance costs
EU and China agree to curb hybrid vehicle exports to Europe
The understanding also covers rare-earth export licensing and improved access to China for EU goods worth almost €4 billion in current exports.
World shares gain as Treasury yields edge higher
The S&P 500 rose 0.5% and European shares gained 1%, while Brent crude traded at $104.48 per barrel.
World trade hit $35 trillion in 2025 as access barriers grew, UNCTAD says
The UN agency said technology and policy restrictions limited developing countries’ participation, while financial risks and pressure on development finance increased.
Netflix preparing to cut about 5% of jobs, media report says
The company declined to comment on the reported plans and had about 16,000 full-time employees at its latest year-end.
SoftBank's Son seeks up to $100 billion from Gulf investors for AI
The proposed fund would acquire companies and use AI and other advanced technologies to improve their operations, according to a media report.
Asian nations pursue oil reserves and clean energy amid Iran war
The Philippines plans a national oil reserve by the end of 2027, while ASEAN countries have advanced a preliminary agreement on a regional electricity grid.
FinCEN abandons proposed reporting requirements for private crypto wallets
The agency also withdrew a separate proposal covering crypto mixers. Neither measure had taken effect.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
OpenAI rejects researchers’ claim that safety warnings led to dismissals
Three former researchers questioned the company’s commitment to open debate and independent audits. OpenAI said it was finalizing contracts with outside safety assessors.