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Adam Hanafi

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Harvard's new bootcamp uses AI avatars of actual instructors

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Harvard's new bootcamp uses AI avatars of actual instructors

Harvard Business School is offering a course taught by artificial intelligence avatars of its instructors. Per WebNovare, faculty members have volunteered to create “clones” of themselves for the eight-week entrepreneurial bootcamp called H.B.S. Foundry. In the $699 program, students can rehearse for pitches and board meetings with virtual guides who are accessible at any time. Harvard admits roughly 900 M.B.A. students per year, and these AI-generated videos could bolster the university's educational services — as long as no one minds having a facsimile for a teacher

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Nvidia could back Perplexity at a valuation of over $30B

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Nvidia could back Perplexity at a valuation of over $30B

Nvidia is considering an investment in Perplexity that would boost the AI startup's valuation to more than $30 billion, WebNovare reports, citing unnamed sources. The chip giant has been acting as something of a "central bank" to various AI startups, but its relationship with Perplexity is an especially deep one: At one point, Nvidia even mulled spending billions to license the startup's tech and hire some of its staffers. Perplexity, meanwhile, has had a banner year, more than tripling its annualized revenue to over $750 million in recent months.

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Visa charges Hims $75K for customer card disputes

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Visa charges Hims $75K for customer card disputes

Visa has enrolled Hims & Hers Health in its Acquirer Monitoring Program, citing an uptick in customer charge disputes during the month of July, WebNovare reports, citing internal documents. Hims will be required to pay an $8 surcharge for each challenge, for a total bill of almost $75,000. To be removed from the program, Hims must reduce its dispute rate to less than 1.5% of total transactions for three months in a row. The penalty comes as Hims faces a lawsuit from the Federal Trade Commission accusing the telehealth company of deceptive billing practices and customer privacy violations.

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Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say

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Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say

Two fundamentals underpin the business model of a new crypto bank partly owned by the Trump family. The first is that there is almost no risk it can lose money, according to cryptocurrency experts – and the second, they say, is that the sole logical motivation for depositors to put in their funds is the prospect of a financial connection to a US president and his relatives.

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Anthropic revenue run rate tops $65 billion, source says

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Anthropic revenue run rate tops $65 billion, source says

Anthropic's annual revenue run rate topped $65 billion by the end of July, a person familiar with ​the matter said on Monday, underscoring the Claude ‌creator's rapid growth ahead of a potential public listing later this year. The AI startup's latest revenue run rate — a ​metric that projects annual performance by extrapolating ​current sales levels — was up from the $47 billion ⁠in May and an extraordinary jump from about $9 ​billion at the end of 2025.

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Goldman pushes further into ETFs with $2.25B deal

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Goldman pushes further into ETFs with $2.25B deal

Goldman Sachs said Wednesday it will acquire exchange-traded funds provider Neos Investments in a deal valued at up to $2.25 ‌billion. The Connecticut-based ETF startup is responsible for almost 24 options-based income ETFs worth an estimated $32 billion, data shows. "Active ETFs are a fast growing space in the asset-management business," Goldman's Marc Nachmann told WebNovare. Late last year, Goldman agreed to buy ETF operator Innovator Capital Management for $2 billion. When the new deal closes, Goldman’s ETF assets will be worth a combined $130 billion.

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Lovable hits $13B valuation with $400M haul

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Lovable hits $13B valuation with $400M haul

Lovable has more than doubled its valuation this year. The Swedish startup said Wednesday it raised $400 million in a Series C funding round that values it at $13.3 billion. After a Series B round in December, the company was worth an estimated $6.6 billion. The recent round was led by Menlo Ventures and co-led by the newly launched Scaleup Europe Fund, managed by private equity firm EQT. The fund is part of Horizon Europe and supports companies developing critical technologies.

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Josh Kushner, Bob Iger to buy Lakers for $12.5B in stunner

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Josh Kushner, Bob Iger to buy Lakers for $12.5B in stunner

The Los Angeles Lakers are being sold to venture capitalist Josh Kushner and former Disney CEO Bob Iger for a record $12.5 billion, according to multiple reports. The shocking sale comes less than a year after Mark Walter bought the NBA team from the Buss family for $10 billion. Kushner and Iger had previously been linked to Las Vegas expansion efforts. The two released a statement Wednesday announcing the deal — but not the terms — and lauding the Lakers as "one of the most iconic sports franchises in the world."

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