Fund raising

OpenAI Secures $40 Billion Funding Deal With SoftBank, OthersOpenAI Secures $40 Billion Funding Deal With SoftBank, Others

OpenAI Secures $40 Billion Funding Deal With SoftBank, Others

SoftBank has agreed a funding deal that will see OpenAI being provided with up to $40 billion in funding, upon…

1 day ago
Tencent Invests £1bn In Ubisoft Spin-OffTencent Invests £1bn In Ubisoft Spin-Off

Tencent Invests £1bn In Ubisoft Spin-Off

Ubisoft and Tencent to create new joint-venture developing some of company's highest-profile games, including Assassin's Creed

4 days ago
EU To Invest €1.3bn in AI, Cybersecurity, Digital SkillsEU To Invest €1.3bn in AI, Cybersecurity, Digital Skills

EU To Invest €1.3bn in AI, Cybersecurity, Digital Skills

As UK and Europe develop closer military ties, European Commission says it will invest €1.3 billion in AI and cybersecurity

6 days ago
Former Intel CEO Pat Gelsinger Joins Venture Capital FirmFormer Intel CEO Pat Gelsinger Joins Venture Capital Firm

Former Intel CEO Pat Gelsinger Joins Venture Capital Firm

After being 'retired' by Intel's board of directors, ex-CEO Pat Gelsinger has joined a VC firm, as well as board…

1 week ago
MEPs Ramp Pressure For Second EU Chips ActMEPs Ramp Pressure For Second EU Chips Act

MEPs Ramp Pressure For Second EU Chips Act

MEPs add to Commission pressure for second EU Chips Act amidst industry calls for renewed support for European semiconductor sector

1 week ago
Xiaomi Raises $5.5bn In Expanded Share SaleXiaomi Raises $5.5bn In Expanded Share Sale

Xiaomi Raises $5.5bn In Expanded Share Sale

Smartphone maker Xiaomi reportedly raises about $5.5bn in Hong Kong share sale as it invests heavily in move to electric…

1 week ago
Ex-Cruise Chief Vogt Raises $150m For Robotics Start-UpEx-Cruise Chief Vogt Raises $150m For Robotics Start-Up

Ex-Cruise Chief Vogt Raises $150m For Robotics Start-Up

Former Cruise chief executive Kyle Vogt reportedly raises $150m for The Bot Company at $2bn valuation, as investors rush to…

2 weeks ago
Northvolt Files For Bankruptcy In SwedenNorthvolt Files For Bankruptcy In Sweden

Northvolt Files For Bankruptcy In Sweden

After filing for bankruptcy protection in the US last year, struggling EV battery maker Northvolt files for bankruptcy in Sweden

3 weeks ago
China Creates High-Tech Fund To Support AI, Tech InnovationChina Creates High-Tech Fund To Support AI, Tech Innovation

China Creates High-Tech Fund To Support AI, Tech Innovation

After Trump's tariffs, Beijing creates state-backed fund to support domestic tech innovation and AI development

3 weeks ago
Siemens Confirms $285m Manufacturing Investment In USSiemens Confirms $285m Manufacturing Investment In US

Siemens Confirms $285m Manufacturing Investment In US

German conglomerate Siemens confirms $285 million investment for manufacturing facilities in Texas and California

3 weeks ago
Mira Murati AI Startup Launches With Some Familiar FacesMira Murati AI Startup Launches With Some Familiar Faces

Mira Murati AI Startup Launches With Some Familiar Faces

Former OpenAI CTO Mira Murati launches her AI startup, 'Thinking Machines Lab', with poached researchers, engineers

1 month ago
DeepSeek Shows China Containment Is ‘Illusion’, Says Deutsche BankDeepSeek Shows China Containment Is ‘Illusion’, Says Deutsche Bank

DeepSeek Shows China Containment Is ‘Illusion’, Says Deutsche Bank

Success of China's DeepSeek helps spur broader interest in Chinese tech stocks, as investors reconsider AI business models

2 months ago
European Start-Ups Adopt DeepSeek To Cut CostsEuropean Start-Ups Adopt DeepSeek To Cut Costs

European Start-Ups Adopt DeepSeek To Cut Costs

European start-up executives say DeepSeek could make AI more accessible with services at fraction of cost of OpenAI

2 months ago
Trump Says Planned US Sovereign Wealth Fund Could Buy TikTokTrump Says Planned US Sovereign Wealth Fund Could Buy TikTok

Trump Says Planned US Sovereign Wealth Fund Could Buy TikTok

US president orders creation of US sovereign investment vehicle, says it could buy China-owned TikTok as it faces national security…

2 months ago

US Probes DeepSeek National Security Implications

US officials investigating DeepSeek national security implications, amidst questions around privacy for AI start-up that rattled markets

2 months ago

Tech Giants Announce $500 Billion AI Plan In US

OpenAI, SoftBank, Oracle and others form joint venture called 'The Stargate Project' – to build $500 billion AI infrastructure in…

2 months ago

Google Invests $1 Billion in AI Startup Anthropic

More investment into OpenAI rival Anthropic, after Google reportedly makes fresh investment of more than $1 billion

2 months ago

UK Second Most Attractive Country For Investment, PwC Survey Finds

Global survey from PwC places United Kingdom ahead of China, Germany and India as most attractive country for investment

2 months ago

UK Tech Struggling To Innovate Under Labour, Survey Finds

Ayming research finds British tech firms are struggling to source suitable funding and skills – prompting calls for more government…

3 months ago

Anthropic Nears Deal For $2 Billion Amazon Investment – Report

More funding for AI startup Anthropic, after report that Amazon is to pump in additional $2 billion (£1.6 billion)

3 months ago

OpenAI Gives Details On For-Profit Shift

OpenAI to create public benefit corporation in Delaware in effort to put it on even footing with competitors, attract investors

3 months ago

SoftBank Promises To Invest $100bn In US

Japanese tech investment firm SoftBank promises to invest $100bn during Trump's second term to create 100,000 AI-related jobs

4 months ago

AI Start-Up Basis Raises $34m For Accountancy Agent

Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent to make up for shortfall in human…

4 months ago

Meta Donates $1 Million To Donald Trump Inauguration Fund

Weeks after CEO Mark Zuckerberg met with Donald Trump privately at Mar-a-Lago, comes news of donation to his inauguration fund

4 months ago

US Awards Micron $6.1 Billion From US Chips Act

Biden administration awards $6.1 billion subsidy from US Chips Act for Micron's Idaho and and New York plants

4 months ago

GM Kills Cruise Robotaxi Business, After Funding Is Pulled

General Motors kills Cruise robotaxi ambitions, after halting funding for the loss-making autonomous vehicle unit

4 months ago

Former OpenAI Researcher Raises $40m For AI Voice Start-Up

Former co-developer of voice mode for OpenAI's ChatGPT launches WaveForms AI to make AI voice interactions feel more intuitive

4 months ago

OpenAI Seeks To Remove Commercial ‘AGI’ Constraint

ChatGPT developer OpenAI reportedly discussing removal of provision that blocks Microsoft from accessing super-intelligent AI

4 months ago

Elon Musk’s xAI Closes $6bn Funding, Plots Colossus AI Supercomputer Expansion

SEC filing reveals that Elon Musk’s AI firm, xAI, has raised another $6 billion, as it pledges to expand Colossus…

4 months ago