Sources: a new network of super PACs plans to raise ~$50M to counter the Leading the Future super PAC and back candidates who prioritize AI regulations
As artificial intelligence companies prepare to pour money into the midterm elections, some in the A.I. world are hatching plans of their own to curb the industry's influence.
DappRadar: NFT lending market volume has dropped 97% from a peak of ~$1B in January 2024 to ~$50M in May 2025, with borrower activity falling by 90%
Average NFT loan sizes have tanked, which DappRadar's Sara Gherghelas says means users are borrowing against low-value assets or being conservative with leverage.
Music creation startup Splice buys London-based orchestral sound studio Spitfire Audio, a source says for ~$50M; sources say Splice has $100M+ in annual revenue
Music samples group Splice agrees deal to acquire London-based Spitfire Audio for its library of orchestral sounds
Signal President Meredith Whittaker says the company plans to support encrypted backups in 2025, and it costs ~$50M per year to run the encrypted messaging app
www.wired.com/story/big-in... Gloria / @gloriarheagrante : 🛰📶 “Signal knows who we are. Signal will continue being Signal. Signal has one thing we do, and we do it really well. And we do it pretty ...
Sources: Perplexity is looking to raise ~$500M to double its valuation to $8B or more; Perplexity's annualized revenue is ~$50M, up from ~$10M in March 2024
Search-based chatbot seeks to raise about $500 million in what would be its fourth funding round in a year
Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG
Bans the Exchange From Crypto Lending in the State Jonathan Stempel / Reuters : New York recovers $50 mln for defrauded Gemini Earn crypto investors Mike Millard / DL News : New York recovers $50m for...
Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG
- Attorney General Letitia James sued Gemini Trust in October — The settlement follows similar action brought against Genesis
Sources: ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers
Bloomberg :
Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management
Wall Street Journal :
Twitter faces ~$1B per year in interest expenses after Elon Musk's deal added ~$13B in debt, up from ~$50M in 2021 when operations generated ~$633M in cash flow
Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.