Author: arthursheikin@gmail.com

[ad_1] On Thursday, Andreessen Horowitz released its first AI Spending Report in partnership with the fintech firm Mercury. Using transaction data from Mercury, the report analyzes the top 50 AI-native application layer companies that startups are spending money on, similar to the previously published Top 100 Gen AI Consumer Apps.  a16z partners Olivia Moore and Seema Amble say the data shows companies are still adopting a range of different AI products for certain tasks — and new apps are rising and falling very quickly. “There’s a proliferation of tools,” Amble said. “It hasn’t just coalesced around one or two in each…

[ad_1] 2025-10-02T14:45:19Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Home buyers are getting some relief in the form of lower home prices recently. That’s partly due to rising inventory and more sellers being willing to slash prices in key metros. San Diego-Chula Vista-Carlsbad topped the list of markets where prices are dropping the fastest. House hunters, we…

[ad_1] 2025-10-02T14:35:55Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk has become the first person worth $500 billion. Musk’s net worth is closely tied to Tesla stock, which is up around 13% year-to-date. Last month, Oracle chairman Larry Ellison briefly dethroned Musk as the world’s richest person. Elon Musk is halfway to being the very first…

[ad_1] OpenAI has sold $6.6 billion in shares held by current and former employees, according to a new report from Bloomberg. The sale pushed OpenAI’s total valuation to $500 billion, the highest ever achieved by a privately held company. Purchasers included SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price, the report said. The sale was not a conventional funding round, as the cash went to individuals holding shares or options in OpenAI rather than the company’s own coffers. Still, it’s a powerful retention tool for the company, which has faced significant pressure from Meta’s newly revitalized AI…

[ad_1] President Donald Trump’s decision to take an equity stake in Lithium Americas is not a good deal for the Canadian miner, according to Canaccord Genuity. Canaccord downgraded Lithium Americans to sell with a price target of $6.50 ($4.66 U.S.) in Canadian dollars, suggesting downside of 32% from its last closing price of $9.59 Canadian ($6.87 U.S.). Its stock has more than doubled since the White House first disclosed that it wanted a stake in the miner. “We believe that the recent run-up in the stock price is overdone and does not accurately reflect the valuation implications of the revised…

[ad_1] Ticktock! The Founder and Investor Bundle sale for TechCrunch Disrupt 2025 ends tomorrow, October 3, at 11:59 p.m. PT. After that, founders will no longer be able to register in bulk at a discount, and investors will drop back to the standard 15% savings. Don’t miss your chance to save more and supercharge your Disrupt experience as a community. Disrupt is the startup launchpad for founders and investors alike Disrupt 2025 will unite 10,000+ founders, investors, and tech leaders from across the globe. It’s the ultimate launchpad for startups at every stage, where investors spot the next big opportunity…

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in health care with a focus on recurring revenue. ‘Worldwide Exchange’ Pick: Hims and Hers Health (HIMS) Vance Howard of Howard Capital Management sees more upside in Hims & Hers Health due to its recurring revenue model. “I like things that have recurring revenue,” said Howard. “They have prescription drugs, and people are buying them, and they’re making money each and every month.” Howard also noted the…

[ad_1] Sequoia-backed AI design startup Visual Electric said that it is joining search startup Perplexity today. The company noted on its site that the team would be joining a new Agent Experiences group at Perplexity. Aravind Srinivas, Perplexity’s CEO, confirmed the acquisition with a post on X. Deal terms were not disclosed. The startup said that as part of the transition, it will shut down Visual Electric as a product in 90 days. It added that users will be able to export their data, and subscribers will get prorated refunds. Visual Electric was founded in 2022 by Colin Dunn, a…

[ad_1] JPMorgan is standing by Bloom Energy even as its stock trades at a signficant premium on data center demand for its onsite power generation systems. The investment bank maintained its overweight rating and more than doubled Bloom’s price target to $90 per share by December 2026. Bloom shares have gained about 300% this year as its onsite power generation systems are in high demand from data center customers. JPMorgan’s new target indicates that the company’s stock will hold around its current level after closing at $90.19 on Wednesday . Though the bank noted ways in which more upside could…

[ad_1] Corteva’s pullback following the agricultural technology company’s split announcement just opened up a buying opportunity, according to JPMorgan. Analyst Jeffrey Zekauskas on Thursday upgraded Corteva to overweight from neutral, saying the agricultural stock is undervalued after Wednesday’s pullback. Shares dropped 9.1% on Wednesday , after the company said it will separate into two publicly traded entities in the second half of 2026. “We do not believe that the split announcement has lowered the value of Corteva,” Zekauskas wrote on Thursday. “We do think that the sharp decrease in the value of Corteva has created an undervaluation of the company.”…