Fund raising

Musk Lashes Out At UK Government After Investment Summit Snub

Elon Musk criticises UK government after not being invited to next month's International Investment Summit over inflammatory posts

3 months ago

OpenAI To Remove Non-Profit Control – Report

Restructuring plan for OpenAI's core business will turn it into a 'for-profit benefit corporation', amid funding drive

3 months ago

OpenAI Backers ‘Betting It Will Be Worth Trillions’

Venture capital firms participating in $6bn-plus OpenAI funding round betting start-up will be worth trillions, report says

3 months ago

Jony Ive Confirms Working With OpenAI’s Altman On Device

Former Apple designer Sir Jony Ive confirms working with OpenAI chief Sam Altman on AI device 'less socially disruptive' than…

3 months ago

OpenAI Valued At $150Bn In Funding Talks – Report

More cash required. Latest funding talks with investors reportedly values AI startup OpenAI at $150 billion

3 months ago

Nvidia Invests In Japan Start-Up Sakana AI

AI chip giant Nvidia invests in start-up Sakana AI in funding round that takes company to over $1bn valuation

4 months ago

TikTok Parent ByteDance Seeks $9.5bn In Loans

TikTok parent ByteDance seeks landmark $9.5bn in bank loans to refinance existing facility and fund operating expenses amidst expansion

4 months ago

China GPU Start-Up Dissolves, Lays Off Staff

Chinese start-up that aimed to develop high-performance GPU designs to compete with Nvidia lays off all staff, dissolves

4 months ago

Apple, Nvidia In Talks To Join OpenAI Funding Round – Report

Big names in AI funding. Apple, Nvidia reportedly in talks to join a funding round in ChatGPT maker OpenAI

4 months ago

Revolut Valued At $45 Billion, More Than Barclays, NatWest

Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks

4 months ago

Government Shelves £1.3 Billion UK Tech, AI Plan

Labour government shelves £1.3bn of funding promised by the Conservatives for tech and artificial intelligence projects

5 months ago

UK Investigates Alphabet Partnership With AI Firm Anthropic

British competition regulator, the CMA, to investigate Google parent Alphabet’s partnership with AI startup Anthropic

5 months ago

Elon Musk To Discuss $5 Billion xAI Investment With Tesla Board

Conflict of interest? Elon Musk to talk with Tesla board about making $5 billion Tesla investment in his other venture,…

5 months ago

Alphabet To Invest $5 Billion In Waymo Self-Driving Unit

Senior management at Alphabet confirm substantial additional investment in the Waymo self-driving division

5 months ago

Troubled EV Maker Rivian Lays Out Path To Profitability

At first-ever investor day EV maker Rivian lays out profitability plans after $5bn deal with VW offers it financial lifeline

6 months ago

China-Linked Shein Faces Uphill Battle For IPO In US Or UK

China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient

6 months ago

Saudi Fund Invests In China’s Biggest AI Start-Up

Saudi Arabian investment fund Prosperity7 reportedly contributes to funding round for China's Zhipu AI as US tries to keep allies…

7 months ago

EU Adopts Law To Spur Green Tech Manufacturing

EU formally adopts Net-Zero Industry Act that seeks to boost EU green-tech manufacturing against rivals from China and US

7 months ago

Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bn

Elon Musk artificial intelligence start-up xAI concludes $6bn funding round valuing it at $24bn in coming weeks amidst heavy competition

7 months ago

Microsoft Invests 4 Billion Euros In France For AI, Cloud

Global spending spree from Microsoft continues, with huge investment for new data centre to drive AI and skills in France

7 months ago

US To Make 30 Percent Of Advanced Chips By 2032

US to triple domestic chipmaking capacity and control 30 percent of advanced chips by 2032 after Chips Act subsidy boost

7 months ago

SoftBank-Owned ARM To Develop AI Chips

SoftBank-owned UK chip design firm ARM Holdings to develop AI accelerator chips for data centres amidst investment boom

7 months ago

Shares In Chinese EV Firm Zeekr Soar On Debut

EV maker Zeekr, controlled by car giant Geely, valued at nearly $7bn as investors heartened by surging sales

7 months ago

Microsoft Announces Big Investments In Malaysia, Indonesia, Thailand

Microsoft's AI investments continue in south east Asia, after investments in Japan, Malaysia, Indonesia, as well as Thailand

8 months ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

8 months ago

The Netherlands To Spend Billions To Retain ASML Operations

Dutch government will spend 2.5 billion euros ($2.7 billion) to improve infrastructure in Eindhoven, to ensure ASML doesn't move abroad

9 months ago

Amazon Pumps Another $2.75 Billion Into Anthropic

Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding

9 months ago

Trump’s Truth Social Moves Closer To $5bn Merger

Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors…

9 months ago

Intel To Spend $100bn In US, After Biden’s $20bn Award

Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration

9 months ago