Elon Musk criticises UK government after not being invited to next month's International Investment Summit over inflammatory posts
TECHNOLOGY POWERING BUSINESS
News Fund raising
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
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
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 iPhone
OpenAI Valued At $150Bn In Funding Talks – Report
More cash required. Latest funding talks with investors reportedly values AI startup OpenAI at $150 billion
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
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
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
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
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
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
UK Investigates Alphabet Partnership With AI Firm Anthropic
British competition regulator, the CMA, to investigate Google parent Alphabet’s partnership with AI startup Anthropic
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, xAI
Alphabet To Invest $5 Billion In Waymo Self-Driving Unit
Senior management at Alphabet confirm substantial additional investment in the Waymo self-driving division
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
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
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 away
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
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
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
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
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
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
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
Oracle To Invest More Than $8 Billion In Cloud, AI In Japan
Oracle's huge AI, Cloud investment in Japan will meet growing local demand and address digital sovereignty requirements
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 shares
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
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
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 approve deal
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