OpenAI and Oracle reportedly ink historic cloud computing deal

Oracle sent its shares soaring after markets closed yesterday. The company reported signing multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be. According to reporting, Oracle signed a deal with OpenAI for…

Replit hits $3B valuation on $150 million annualized revenue

Replit has raised a new investment round of $250 million, valuing the company at $3 billion. Unlike many other fast-growing startups, Replit has not been frequently seeking venture capital, though it remains to be seen if that strategy will change.…

Reddit launches tools for publisher to track and share stories

Reddit launched a new set of free tools for publishers on Wednesday. These tools are designed to help track article performance and receive suggestions on where to share stories within the site’s communities. The new features are part of Reddit…

Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal

Video platform Vimeo announced on Wednesday that it has agreed to be acquired by Bending Spoons, one of Europe’s largest mobile app developers. The all-cash deal is valued at approximately $1.38 billion. The transaction is expected to close in the…