Fund raising

Anthropic Opens Rival AI Chatbot To Public

Challenge to OpenAI's ChatGPT and Google Bard, after Anthropic debuts Claude 2 AI chatbot, and opens it to public

1 year ago

Foxconn Abandons Indian Chip Joint Venture, Seeks New Project

Blow to India? Taiwan's Foxconn abandons $19.5 billion chipmaking joint venture with Vedanta, but seeks local incentives for new project

1 year ago

Microsoft-Backed Chatbot Maker Inflection AI Raises $1.3bn

Nvidia, Bill Gates, Eric Schmidt in round that values Inflection at $4bn as year-old start-up seeks to outpace OpenAI

1 year ago

Elon Musk Touts Significant India Investment By Tesla

India has more promise than any other large country in the world, says Elon Musk after meeting Indian PM Modi

1 year ago

ARM In Talks With Potential IPO Investors – Report

Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc

1 year ago

Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’

Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'

1 year ago

ARM Files For IPO, But Not In London

Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level…

1 year ago

TSMC Investment Plans For Taiwan Unchanged – Report

Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged

1 year ago

Apple Doubles Investment In Carbon Removal Fund

Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry

1 year ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

1 year ago

Virgin Orbit Files For Bankruptcy In US

Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months…

1 year ago

Paris To Ban E-Scooters After Referendum

Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part

1 year ago

Virgin Orbit Lays Off 85 Percent Of Staff

Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations

1 year ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

1 year ago

Samsung To Spend $228 Billion On South Korean Chip Plant

South Korean government announces 'world's largest' chip complex near Seoul. Samsung says it will spend $228 billion

1 year ago

Cryptocurrencies Rise After US Authorities Rescue SVB Depositors

Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank

1 year ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

1 year ago

Intel Seeks $5 Billion More In Subsidies For German Chip Plant – Report

Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government

2 years ago

Apple Lends Globalstar $252m To Aid Satellite-Connected iPhones

SEC filing reveals Apple is lending Globalstar $252m to cover upfront costs of replenishing its low Earth orbit (LEO) satellites

2 years ago

ARM Disappoints UK With Decision To List Only In New York

UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing

2 years ago

China Overhauls Overseas, Domestic IPO Rules

China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown

2 years ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

2 years ago

Funding Round Values China EV Maker Zeekr At $13bn

Geely electric vehicle brand Zeekr valued at $13bn following latest external funding round, as company prepares for possible IPO

2 years ago

Intel Now Seeks $10 Billion State Aid For German Factory – Report

Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory

2 years ago

ARM Boss Committed To Public Listing In 2023

Chief executive Rene Haas says ARM is committed to an initial public offering this year, and plans are “underway now”

2 years ago

Google ‘Invests $300m’ In AI Start-Up Anthropic

OpenAI competitors Anthropic and Cohere raising hundreds of millions as tech giants seek foothold in generative AI sector

2 years ago