Fund raising

TikTok Parent ByteDance Seeks $9.5bn In LoansTikTok Parent ByteDance Seeks $9.5bn In Loans

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

8 months ago
China GPU Start-Up Dissolves, Lays Off StaffChina GPU Start-Up Dissolves, Lays Off Staff

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

8 months ago
Apple, Nvidia In Talks To Join OpenAI Funding Round – ReportApple, Nvidia In Talks To Join OpenAI Funding Round – Report

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

8 months ago
Revolut Valued At $45 Billion, More Than Barclays, NatWestRevolut Valued At $45 Billion, More Than Barclays, NatWest

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

9 months ago
Government Shelves £1.3 Billion UK Tech, AI PlanGovernment Shelves £1.3 Billion UK Tech, AI Plan

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

9 months ago
UK Investigates Alphabet Partnership With AI Firm AnthropicUK Investigates Alphabet Partnership With AI Firm Anthropic

UK Investigates Alphabet Partnership With AI Firm Anthropic

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

9 months ago
Elon Musk To Discuss $5 Billion xAI Investment With Tesla BoardElon Musk To Discuss $5 Billion xAI Investment With Tesla Board

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,…

9 months ago
Alphabet To Invest $5 Billion In Waymo Self-Driving UnitAlphabet To Invest $5 Billion In Waymo Self-Driving Unit

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

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

9 months ago
Troubled EV Maker Rivian Lays Out Path To ProfitabilityTroubled EV Maker Rivian Lays Out Path To Profitability

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

10 months ago
China-Linked Shein Faces Uphill Battle For IPO In US Or UKChina-Linked Shein Faces Uphill Battle For IPO In US Or UK

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

10 months ago
Saudi Fund Invests In China’s Biggest AI Start-UpSaudi Fund Invests In China’s Biggest AI Start-Up

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…

11 months ago
EU Adopts Law To Spur Green Tech ManufacturingEU Adopts Law To Spur Green Tech Manufacturing

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

11 months ago
Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bnElon Musk’s xAI In $6bn Funding Round Valuing It At $24bn

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

11 months ago
Microsoft Invests 4 Billion Euros In France For AI, CloudMicrosoft Invests 4 Billion Euros In France For AI, Cloud

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

12 months ago
US To Make 30 Percent Of Advanced Chips By 2032US To Make 30 Percent Of Advanced Chips By 2032

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

12 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

12 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

12 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

12 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…

1 year 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

1 year 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

1 year 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…

1 year 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

1 year ago

UK Joins EU’s Chip Research Program

UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'

1 year ago

Telegram Reaches 900m Users, Nears Profitability

Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO

1 year ago

Reddit Seeks Valuation Up To $6.4bn In NYSE Listing

Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor…

1 year ago

Elon Musk Will Not Fund Candidates After Meeting Donald Trump

SpaceX CEO Elon Musk says he will not fund Joe Biden or Donald Trump in US Presidential election, after Trump…

1 year ago

Reddit Looks For $6.5bn Valuation In NYSE IPO

Social media platform Reddit looks for $6.5bn IPO valuation, significantly down from $10bn value in 2021 private funding funding round

1 year ago

Microsoft Investment In Mistral AI Prompts EU Scrutiny Calls

European lawmakers call for investigation after Microsoft this week made small investment in French startup Mistral AI

1 year ago