The Dutch government’s seizure of Chinese-owned chipmaker Nexperia has created a global automotive crisis. With Beijing blocking exports and automakers warning of shortages, the standoff threatens vehicle production worldwide.
Deel has raised $300 million from top investors, elevating its valuation above Rippling’s for the first time since 2022. The funding increases cofounders’ fortunes, though Rippling’s Parker Conrad remains wealthier. Ongoing lawsuits between the HR software giants add complexity to their competition.
HR software startup Deel has reportedly secured $300 million in new funding from Ribbit Capital, Coatue, and Andreessen Horowitz, according to recent reports. This investment has pushed the company’s valuation to $17.3 billion, surpassing rival Rippling for the first time since 2022. Sources indicate that the deal has significantly increased the net worth of Deel’s cofounders, Alex Bouaziz and Shuo Wang, by an estimated $500 million each.
Oracle’s massive investment in AI infrastructure has turned its free cash flow from a $2 billion deficit to a $10 billion shortfall in just one quarter. Analysts warn this creates structural pressure that will likely lead to higher costs for enterprise customers.
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