Fund raising

Hyperloop One To Close Down – Report

Futuristic travel experiment Hyperloop One to cease operations, as assets sold off and remaining staff made redundant

11 months ago

Elon Musk’s xAI Seeks To Raise $1 Billion In Equity

AI startup xAI, founded by one of the richest men in the world Elon Musk, seeks to raise up to…

12 months ago

OpenAI’s Altman Courted Investors For AI Chip, Device

In weeks before his shock ouster from OpenAI Altman was reportedly looking to raise billions for an AI chip start-up…

1 year ago

Amazon Creates Team For ‘Olympus’ AI Model – Report

More AI moves by Amazon, amid report of hefty funding for development of large language model (LLM) to rival ChatGPT

1 year ago

WeWork Files For Bankruptcy Protection In US

WeWork, once valued privately at $47bn and seen as future of workplace, files for bankruptcy in US amidst heavy losses

1 year ago

Chinese AI Start-Up Achieves $1bn Valuation In Eight Months

Beijing-based AI start-up 01.AI, founded by computer scientist Kai-Fu Lee, valued at more than $1bn less than eight months after…

1 year ago

ARM Shares Soar 25 Percent After Nasdaq Listing

Successful public listing for ARM Holdings in the US after its shares rise 25 percent above Nasdaq debut price

1 year ago

ARM Holdings IPO Values Firm At £43.6 Billion

Ahead of its shares listing on Thursday, British chip designer ARM Holdings secures a market value of $54.5bn (£43.6bn)

1 year ago

ARM Signs Up Major Tech Firm Investors, Prices IPO

Apple, Alphabet, Intel, Samsung etc sign up as investors in ARM's upcoming IPO, as management lowers listing valuation

1 year ago

Instacart Reports Revenue Surge Ahead Of IPO

US grocery delivery firm Instacart reports 31 percent revenue surge ahead of delayed offering, as investors look for IPO recovery

1 year ago

ARM ‘Saw Annual Revenue Decline’ Ahead Of IPO

UK-based chip designer ARM reportedly saw 1 percent annual revenue decline due to smartphone slump as it prepares bellwether IPO

1 year ago

SoftBank Acquires Vision Fund ARM Stake At $64bn Valuation

Japan's SoftBank acquires 25 percent ARM stake from its Vision Fund unit in deal that values UK chip designer at…

1 year ago

UK Launches £1 Billion FinTech Fund

FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing

1 year ago

Vietnam’s VinFast Car Maker Overtakes GM, Ford After IPO

Shares in VinFast surge 270 percent after IPO, valuing Vietnam’s car manufacturer ahead of Ford and General Motors

1 year ago

President Biden Executive Order Targets Tech Investments In China

Tech crackdown against Beijing continues after President Biden signs executive order to prohibit certain tech investments in China

1 year ago

Apple, Amazon In Talks To Invest In ARM – Report

Amazon and Apple reportedly in talks with British chip designer ARM Holdings to be 'anchor investors' before September IPO

1 year ago

ARM Targets $60 Billion Valuation For IPO

Owner Softbank seeks valuation of $60 to $70 billion for September IPO of British chip designer ARM Holdings

1 year ago

Tech Investors Flee China As Political Tensions Worsen

Private capital fundraising in Asia-Pacific on track for 10-year low as VC funding in China drops nearly 55 percent, report…

1 year ago

AMD To Invest $400m In India Over Five Years

US chipmaker AMD confirms big investment in India, plus construction of largest design centre, as New Delhi continues charm offensive

1 year ago

Nvidia In Talks To Be Anchor Investor In ARM – Report

GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York

1 year ago

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'

2 years ago