AI legal software startup Harvey raised $160M led by a16z at an $8B valuation, up from $3B after raising $300M in February, taking its funding in 2025 to $760M (Michael J. de la Merced/New York Times)

Meta has announced a strategic shift in its investment focus, reallocating resources from its metaverse unit to augmented reality glasses and wearables, while affirming that no broader changes are planned. This decision includes a 30% budget cut for the metaverse unit, reflecting a reassessment of financial priorities.

Legal AI startup Harvey has confirmed its valuation has surged to $8 billion following a significant funding round in 2025, marking its third major funding success this year. This latest round raised $160 million, building on a previous $300 million raise earlier in the year, which had already increased its valuation from $3 billion.

Taiwan Semiconductor Manufacturing Company (TSMC), Intel, and Amkor are investing tens of billions to transform Phoenix into a semiconductor hub, highlighting the complexities of executing large-scale projects in the U.S. This initiative aims to bolster domestic chip production amid global supply chain challenges.

South Korean police have arrested four individuals in connection with the hacking of 120,000 home security cameras, which were exploited to create sexually exploitative material. One of the suspects reportedly earned approximately $12,000 from these activities.

Kalshi, a prediction market platform, has successfully raised $1 billion in funding led by Paradigm, achieving a valuation of $11 billion. This funding round follows a $300 million Series D round in October, during which the company's valuation was $5 billion. The latest investment marks Kalshi's third fundraising effort this year.