All posts tagged: 250M

Are You Eligible for Part of Apple’s 0M AI iPhone Settlement? How to Find Out

Are You Eligible for Part of Apple’s $250M AI iPhone Settlement? How to Find Out

Published by skeptic

If you bought an iPhone 16 or iPhone 15 when they launched, you may be able to claim some of the money from a class action lawsuit against Apple. It’s all tied to the new Apple Intelligence features the company previewed during launch — features that ultimately didn’t arrive on time, but were finally unveiled more extensively this month at WWDC 2026. Apple settled a shareholder lawsuit in May, agreeing to pay $250 million to customers who bought the iPhone 16 and some iPhone 15 models during a specified period. The lawsuit alleged that Apple misled customers by promising AI features that didn’t ship when the new devices did. Payouts between $25 and $95 per eligible device are expected. In a statement to CNET Managing Editor David Lumb, an Apple spokesperson said, “Apple has reached a settlement to resolve claims related to the availability of two additional features. We resolved this matter to stay focused on doing what we do best, delivering the most innovative products and services to our users.” Why is there a lawsuit over Apple …

Amazon fulfillment competitor Stord raises 0M at B valuation

Amazon fulfillment competitor Stord raises $250M at $3B valuation

Published by skeptic

E-commerce logistics company Stord has raised a $250 million round at a $3 billion valuation, it announced Tuesday. This doubles its valuation from a year-ago round. The new funding was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond. Stord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech. It was soaring along, run by the two young founders, through the frothy pandemic-era of VC funding, hitting unicorn status in 2021. The startup survived the subsequent VC funding winter and in 2025, raised a $200 million mega round, also led by Strike Capital, that brought it to a $1.5 billion valuation. It has now raised a total of about $775 million to date. Stord offers a network of physical warehouses and inventory management software for e-commerce. It bills itself as a sort of anti-Amazon, giving brands “the speed to compete” while still owning their customer relationships. In this AI age, the Atlanta-based fulfillment …

Watch: Convicted Minnesota Scammer Says Walz, Ellison Were Aware Of 0M Fraud

Watch: Convicted Minnesota Scammer Says Walz, Ellison Were Aware Of $250M Fraud

Published by Jenni Sidey

The media has been giving quite a lot of attention to Aimee Bock, the head of a Minnesota nonprofit at the center of the largest pandemic relief fraud in the nation’s history – which she now says Governor Tim Walz and AG Keith Ellison had to have known about. Minnesota Gov. Tim Walz speaks during a House Committee on Oversight and Government Reform hearing, June 12, 2025, at the U.S. Capitol in Washington. (AP Photo/Julia Demaree Nikhinson, File) To review; Bock’s organization, Feeding Our Future, fraudulently signed off on $250 million in federal funds meant to feed underprivileged children in Minnesota roughly 125 million nonexistent meals. According to prosecutors, as little as 3% of the funds were actually used to feed children. Bock, 45, was charged with signing off on reimbursement claims for the unserved meals, as well as collecting bribes. She maintains her innocence, while one Somali community leader told a local reporter that Bock was “a modern-day Robin Hood.” Feeding Our Future was a “sponsoring organization,” meaning it approved meal sites, approved meal counts, and distributed the reimbursements to …

Bill Gates-backed Type One Energy raises M ahead of 0M Series B

Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B

Published by skeptic

Fusion power startup Type One Energy recently raised $87 million, TechCrunch has learned from sources familiar with the deal. The new funding is a convertible note that brings the total venture investment in the startup to more than $160 million. Type One is also in the midst of raising a $250 million Series B at a $900 million pre-money valuation, according to sources and later confirmed by the company. Like other energy startups, Type One has benefitted from a surge in demand from data centers and the broader electrification of the economy. Data centers are expected to use nearly three times more electricity by 2035, while overall electricity demand is forecast to grow by 4% annually through next year. Fusion power could deliver gigawatts worth of nearly limitless clean power. The reactors work by fusing atoms, which release tremendous amounts of heat and energy in the process. Power plants harvest that heat to spin turbines, similar to today’s fossil fuel facilities, but without the pollution. Unlike fission, fusion reactors don’t produce significant amounts of radioactive …