Drew Houston steps down as Dropbox CEO after 19 years. Ashraf Alkarmi, a former Vimeo and Amazon executive, takes over a company whose market cap has halved since 2018.

Logistics startup Stord raised $250M at a $3B valuation to expand its 100-warehouse network and deploy AI robotics, helping brands match Amazon's delivery speeds.

DOGE lawyer told staff to limit Cursor contact over gun-jumping antitrust risk, weeks after employees began working side by side ahead of a $60B post-IPO deal.

Ferrari shares fell 7% in Milan after the Luce reveal drew online mockery and design criticism, wiping GBP 3 billion from market cap despite 1,036 hp and 60 new patents.

GSR Ventures is raising $350M for a new China fund, using its early stake in $50bn-valued RedNote as the central draw for new LPs, Bloomberg reports.

Spotify is testing 650 narrated long-form articles from The Atlantic, WIRED, Vogue and others inside the audiobook tier, marking a quiet return to journalism.

Quantinuum, the Honeywell-majority-owned quantum-computing firm, is targeting a $12.7bn IPO valuation, well below the $20bn-plus whispers earlier this month.

Felipe Sinisterra and Dave Wang are charging $25,000 a day to train Wall Street banks on AI tools they have already bought. They’re booked out for two months.

Reuters reports SpaceX has asked the Pentagon to pay around $25,000 per Starlink terminal, up from $5,000, as US strike drones over Iran depend on the network.

BNP Paribas is helping Mistral build a European sovereign answer to Anthropic’s restricted Mythos cybersecurity AI, Bloomberg reports.

UAE-based SPARQ has opened an $8.5M seed round for its AI-native game engine, with the a16z Scout Fund participating early.

Tel Aviv firm Gambit Security says Iranian hackers exfiltrated 700GB of LA Metro data in March and traces the server to a known Tehran-linked operation.