Fund raising

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

6 days 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…

6 days 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks ago

OpenAI Seeks To Remove Commercial ‘AGI’ Constraint

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

2 weeks 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…

2 weeks ago

Germany Shoulders €600 Million Of Northvolt Debt

Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt

3 weeks ago

Intel Says $7.86bn Grant From US Will Restrict Foundry Spin-off

Chip giant's plan for Intel Foundry to be spun off as independent subsidiary will be restricted after US government grant

4 weeks ago

OpenAI Allows Staff To Sell $1.5 Billion Stock To SoftBank – Report

SoftBank is to acquire more OpenAI shares, after the AI startup allows staff to sell their shares to Japanese tech…

4 weeks ago

Biden Administration To Loan Rivian $6.6 Billion For EV Factory

Consequence for Elon Musk? Biden administration provisionally agrees $6.6 billion loan to Rivian, so it can construct EV factory in…

4 weeks ago

Amazon To Pump Another $4bn Into AI Start-Up Anthropic

Amazon to invest a further $4bn into AI start-up Anthropic, doubling its investment as it vies against stiff competition

4 weeks ago

Northvolt Appoints Restructuring Expert For Main Battery Plant

Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries

1 month ago

CMA Halts Google Anthropic Investigation

British competition watchdog decides Alphabet's partnership with AI startup Anthropic does not qualify for investigation

1 month ago

SpaceX Prepares Tender Offer At $250bn Valuation

SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation

1 month ago

Northvolt Mulls US Bankruptcy Protection – Report

Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option

1 month ago

VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion

Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain…

1 month ago

Amazon Mulls New Multi-Billion Dollar Investment In Anthropic – Report

Amazon is reportedly in talks to pump billions of dollars more into AI start-up Anthropic, but with one condition

2 months ago

James Dyson Says ‘Spiteful’ Budget Will Kill Start-Ups

James Dyson delivers most high-profile criticism so far of Labour's first Budget that raises £40bn in taxes, largely from businesses

2 months ago

Autumn Budget Hikes Business Taxes, Seeks Growth

First Labour Budget in 15 years includes increased payouts from businesses and capital gains, as government looks to promote growth

2 months ago

White House Finalises China Tech Investment Curbs

Administration publishes final restrictions on US investment into Chinese tech sectors including AI, chips, quantum computing

2 months ago

Latest Funding Round Values Start-Up Sierra AI At $4.5bn

Start-up Sierra AI, co-founded by former Salesforce co-chief Bret Taylor, sees valuation more than quadruple in new funding round

2 months ago

TSMC Arizona Chip Plant Yields 4 Percent Higher Than Taiwan

TSMC says production yields at delayed plant in Arizona are 4 percent higher than comparable factories in Taiwan, in boost…

2 months ago

Shein Profits Drop 70 Percent

Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it…

2 months ago

Intel To Invest More Than $28 Billion In Ohio Chip Factories – Report

Troubled chip giant Intel will invest more than $28 billion to construct two new chip factories in Ohio, to take…

2 months ago

CMA Begins Probe Into Alphabet Partnership With Anthropic

UK competition regulator begins phase one investigation into Alphabet's partnership with AI startup Anthropic

2 months ago

Former OpenAI Mira Murati Raising Capital For New AI Startup – Report

Cos the world needs another AI startup. Former CTO at OpenAI, Mira Murati, reportedly fund raising for her new AI…

2 months ago

Microsoft Invests €4.3 Billion In Italy For AI, Cloud

Data centre and AI spending spree continues over at Microsoft, with Italy earmarked for €4.3 billion investment

3 months ago

ChatGPT Maker OpenAI Raises $6.6bn In Funding

OpenAI closes $6.6bn funding round from big name backers, but reportedly asks them not to finance rival AI startups

3 months ago