MAY 27 — Business
NYC's OpenRouter Raises $113M, Doubling Valuation to $1.3B
New York-based AI infrastructure startup OpenRouter raised a $113 million Series B led by Alphabet's CapitalG, more than doubling its valuation to about $1.3…
Topic
tech
9 pieces on the wire.
MAY 26 — Business
NYC's Modal Labs Raises $355M Series C at $4.65B Valuation
New York-based AI infrastructure startup Modal Labs closed a $355 million Series C led by General Catalyst and Redpoint, valuing the serverless compute…
MAY 22 — Politics
Levine Warns NYC Is 'Sleepwalking' Into AI, Urges Bigger Reserves
Comptroller Mark Levine's May 21, 2026 report models five ways AI could reshape NYC's economy and urges the city to nearly double its rainy-day fund to 16%…
MAY 12 — Business
Kalshi's $1B Raise Headlines a Resilient NYC Venture Spring
New York prediction-market startup Kalshi confirmed a $1 billion round led by Coatue at a $22 billion valuation — the marquee deal in a spring when NYC…
APR 01 — Crime & Courts
SDNY Charges Maryland Man in $53M Uranium Finance Crypto Hack
Federal prosecutors in Manhattan say Jonathan Spalletta drained Uranium Finance of more than $50 million in 2021 and spent millions on rare collectibles.
MAR 23 — Business
Meta Opens Five-Story 'Meta Lab' Flagship on Fifth Avenue
Meta opened its first Manhattan flagship, a 15,000-square-foot Meta Lab store at 697 Fifth Avenue, on a 10-year lease with Vornado Realty Trust to showcase…
FEB 19 — Politics
CUNY Lands Record $25M in Federal Funds for 21 Projects on 15 Campuses
CUNY secured a record $25 million in federal fiscal 2026 appropriations for 21 projects across 15 campuses, funding AI and cybersecurity workforce programs…
FEB 09 — Crime & Courts
NYPD Updates Facial-Recognition Rules as Drone Flights Surge
The NYPD published revised POST Act impact-and-use policies on Feb. 4 governing facial recognition and drones, amid a 3,200% jump in drone flights since 2022.
FEB 02 — Business
IBM Posts 12% Revenue Growth as Mainframe and AI Drive Best Year in Decades
Armonk-based IBM reported Q4 2025 revenue of $19.69 billion, up 12% and ahead of forecasts, powered by its z17 mainframe and a generative-AI book now topping…