Fund raising

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…

5 days 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

6 days 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

6 days 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…

2 weeks 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 weeks 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

4 weeks 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

1 month 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…

1 month 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 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

2 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

2 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

2 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

2 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…

2 months 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

2 months 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

2 months 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…

2 months 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…

2 months 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

2 months ago

Northvolt Appoints Restructuring Expert For Main Battery Plant

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

2 months ago

CMA Halts Google Anthropic Investigation

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

2 months 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

2 months ago

Northvolt Mulls US Bankruptcy Protection – Report

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

2 months 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…

2 months 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

3 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

3 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

3 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

3 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

3 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…

3 months ago