Seattle lawmakers deny capital gains tax, broaden use of payroll tax revenue from big businesses

Seattle City Hall. (Photo by Seattle City Council, via Flickr, Creative Commons) The Seattle City Council Thursday approved more than $8 billion for its latest budget, while rejecting a proposal to create a…

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Money for tech that matters

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. If you’d like to receive this newsletter in your inbox every Friday, sign up here! The week before Thanksgiving…

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LinkedIn co-founder Reid Hoffman warns against Elon Musk’s ‘conflict of interest’ in setting AI policies

Reid Hoffman, co-founder at LinkedIn and Inflection AI, shared his expectations for the incoming Trump administration in an opinion piece for the Financial Times. And while he appears hopeful that…

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AI chip startup MatX, founded by Google alums, raises Series A at $300M+ valuation, sources say

MatX, a startup designing chips that support large language models, has raised a Series A of approximately $80 million, three sources say, less than a year after raising its $25…

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GlobalFoundries gets $1.5 billion subsidy from U.S. gov't after it was fined for violating export laws to China

GlobalFoundries signed a deal to get $1.5 billion under the CHIPS and Science Act even after being fined for violating U.S. export laws by supplying advanced chips to Chinese entities.…

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