Current Business and Tech News Today: June 18, 2025

Here is the most current business and tech news today, and the hottest trending AI tools on June 18, 2025:

Tech News Today

Ramp is a spend management startup that reported raising $200 million in Series E and is now valued at $16 billion.
Anysphere launched a new $200/mo AI-coding subscription, designed for power users who need more than what the previous pro plan could provide.
Threads’ new Fediverse feature lets you share posts with other social media apps like Mastodon, and find users by searching for their name with a Fediverse icon.
Intel plans to lay off 15-20% of its factory workers, according to Oregon Tech.
Musk’s xAI is in talks to raise $4.3B in equity funding, according to Bloomberg.
Own, the new decentralized social media app, was launched and is still in Beta mode for the public.

This app is set to be the replacement for TikTok as TikTok’s deadline to sell is coming to an end.
Sword Health, an AI-powered digital health startup, raised $40 million at a $4B valuation, which is a 33% increase from a year ago.
Adobe’s Firefly App is finally available on IOS and Android, allowing users to use all of its models.
Coralogix, a security platform, raised $115 million at a $1B valuation, steering the path to expand into the AI data field.

MLQ – An AI-powered application designed to remove vocals from songs effectively.
Prep – An AI-powered app that helps people apply to jobs and get hired more efficiently.
Matrix – A blockchain platform integrating AI and neurosciences to develop brain-computer interfaces.
Convex – An open reactive database for app developers.
Oracle – Cloud-based AI service offering prebuilt machine learning models for your business.
Murf – An AI voice generator designed to create ultra-realistic audio.
DeepL – An AI-powered translation tool.