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Investing

Asides

How two grads built a $2 million fund for student startups – and there’s more to come

Mitchell Hughes and Jerry X’Lingson launched NextGen Ventures in late 2024 to invest in student founders. Backed by Blackbird’s Niki Scevak and dozens more LPs, NextGen is on a mission to make Australia the best place to build.   

  • By Anastasia Santoreneos
  • Journalist & List Editor
Cursor cofounders Aman Sanger, Arvid Lunnemark, Sualeh Asif and Michael Truell (left to right) met at MIT and decided to build Cursor, an AI coding tool that's now valued at $29.3 billion. The cofounders are newly minted billionaires thanks to its latest fundraise, according to Forbes estimates.

Four cofounders of popular AI coding tool Cursor are now billionaires

The startup nabbed a $29.3 billion valuation in a $2.3 billion funding round Thursday, minting its four 20-something founders as billionaires.

  • By Rashi Shrivastava

Naver to acquire crypto exchange giant Dunamu in $10 billion deal

Naver’s purchase of Dunamu is set to create a fintech heavyweight that offers everything from payments to crypto and stock trading.

  • By Zinnia Lee
  • Forbes Staff
How Trump’s Crypto Donors Benefited From Washington Decisions

Trump’s crypto cronies: They sent the president money—and got off easy

It took more than fame for Trump and his sons to build a crypto empire. They also got a lot of help from industry insiders, many of whom happened to need a hand from the president.

  • By Dan Alexander
  • Forbes Staff

Larry Page becomes No. 2 richest—bumping Larry Ellison—as Alphabet shares rally

The Google parent’s stock has accelerated over the last week and is now valued more than Microsoft.

  • By Ty Roush
  • Forbes Staff

What Australia’s wealthiest are doing with their money

Australia’s high-net-worth population is growing – fast – and the wealthiest of those saw their portfolios rise across 2025 despite episodes of volatility, a new LGT Wealth Management Report shows.

  • By Anastasia Santoreneos
  • Journalist & List Editor

Crypto slide continues as Bitcoin drops below $82,000—lowest level since mid-April

Bitcoin’s month-long selloff has wiped a large portion of the gains it made since November last year, after President Donald Trump’s election win.

  • By Siladitya Ray
  • Forbes Staff

Napster said it raised $3 billion from a mystery investor. Now the ‘investor’ and ‘money’ are gone

Forbes raised questions about a massive funding round metaverse-turned-AI firm Napster supposedly raised in January. The money is never coming, the company said Thursday.

  • By Phoebe Liu

The Australian influencer couple seeking 7-figure cheque to turn AI ‘pink’

High-school-sweethearts-turned-startup-founders Scarlett Frazer and Iestyn Thomas are headed to Silicon Valley to raise funds in a bid to prove the future of AI is feminine.

  • By Anastasia Santoreneos
  • Journalist & List Editor
Every bubble has a different tale to tell on the way up. The mistake is thinking that makes the ending any different. Victor de Schwanberg/Science Photo Library/Getty Images

It’s not just an AI bubble. Here’s everything at risk

Stocks are soaring, gold is too, and risk looks cheap everywhere. These charts trace the signs of what could be the everything bubble taking shape.

  • By Brandon Kochkodin
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