Fund raising

UK Government To Fund Two Semiconductor Research HubsUK Government To Fund Two Semiconductor Research Hubs

UK Government To Fund Two Semiconductor Research Hubs

Government to fund semiconductor research hubs in Bristol and Southampton, to help bring new chip tech to market

1 year ago
UK EV Maker Arrival Collapses Into AdministrationUK EV Maker Arrival Collapses Into Administration

UK EV Maker Arrival Collapses Into Administration

British electric vehicle start-up Arrival enters administration three years after being valued at $15bn, with 170 jobs at risk

1 year ago
Crypto Firm HashKey Attains Unicorn Status With $100m Funding RoundCrypto Firm HashKey Attains Unicorn Status With $100m Funding Round

Crypto Firm HashKey Attains Unicorn Status With $100m Funding Round

Hong Kong-based crypto firm HashKey Group attains valuation greater than $1bn after $100m funding round, in sign of digital asset…

1 year ago
Intel Spins Out AI Firm Articul8, With DigitalBridge BackingIntel Spins Out AI Firm Articul8, With DigitalBridge Backing

Intel Spins Out AI Firm Articul8, With DigitalBridge Backing

AI software developed at Intel is being spun off into independent firm Articul8 AI, with investment firm backing

1 year ago
Israel Agrees $3.2bn Grant For Intel $25 Billion Chip FactoryIsrael Agrees $3.2bn Grant For Intel $25 Billion Chip Factory

Israel Agrees $3.2bn Grant For Intel $25 Billion Chip Factory

Intel to make its largest ever single investment in Israel, with a $25 billion chip-making factory in the south of…

1 year ago
Hyperloop One To Close Down – ReportHyperloop One To Close Down – Report

Hyperloop One To Close Down – Report

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

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

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…

1 year ago
OpenAI’s Altman Courted Investors For AI Chip, DeviceOpenAI’s Altman Courted Investors For AI Chip, Device

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 – ReportAmazon Creates Team For ‘Olympus’ AI Model – Report

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 USWeWork Files For Bankruptcy Protection In US

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

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 ListingARM Shares Soar 25 Percent After Nasdaq Listing

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

2 years ago
ARM Holdings IPO Values Firm At £43.6 BillionARM Holdings IPO Values Firm At £43.6 Billion

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)

2 years ago
ARM Signs Up Major Tech Firm Investors, Prices IPOARM Signs Up Major Tech Firm Investors, Prices IPO

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

2 years 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

2 years 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

2 years 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…

2 years ago

Silicon UK Pulse: Your Tech News Update: Episode 14

Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the…

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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…

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years ago