Biden administration awards $6.1 billion subsidy from US Chips Act for Micron's Idaho and and New York plants
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GM Kills Cruise Robotaxi Business, After Funding Is Pulled
General Motors kills Cruise robotaxi ambitions, after halting funding for the loss-making autonomous vehicle unit
US Finalises $7.86bn Award To Intel Amidst Business Troubles
Biden administration to reduce Intel's $8.5bn preliminary award under Chips Act as company lays off 15,000 staff, delays investments
Northvolt Files For Bankruptcy Protection In US
Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down
Northvolt Appoints Restructuring Expert For Main Battery Plant
Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries
VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion
Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain milestones
Latest Funding Round Values Start-Up Sierra AI At $4.5bn
Start-up Sierra AI, co-founded by former Salesforce co-chief Bret Taylor, sees valuation more than quadruple in new funding round
Former OpenAI Mira Murati Raising Capital For New AI Startup – Report
Cos the world needs another AI startup. Former CTO at OpenAI, Mira Murati, reportedly fund raising for her new AI startup
ChatGPT Maker OpenAI Raises $6.6bn In Funding
OpenAI closes $6.6bn funding round from big name backers, but reportedly asks them not to finance rival AI startups
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
OpenAI Valued At $150Bn In Funding Talks – Report
More cash required. Latest funding talks with investors reportedly values AI startup OpenAI at $150 billion
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
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
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
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
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
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
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
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'
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 meeting
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
OpenAI’s Sam Altman Seeks Trillions To Overhaul Chip Industry – Report
Sam Altman reportedly seeking between $5 and $7 trillion to overhaul semiconductor industry to remove AI chip limitations
Disney To Take $1.5 Billion Equity Stake In Epic Games
Disney to collaborate with Epic Games on new content, and will sink a $1.5bn investment into the gaming giant
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
Biden Admin To Award $162m To Microchip Tech For US Chip Production
US Commerce Dept to provide $162 million to Microchip Technology to increase chip production in Colorado and Oregon
US Awards $35m To BAE Systems In First Chips Act Grant
BAE Systems US subsidiary to receive $35m in first Chips and Science Act award as Raimondo predicts multi-billion-dollar projects next year
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 founding
China To Launch $40 Billion State Chip Fund – Report
Sanctions response. New state-backed investment fund is to be launched that seeks to raise $40 billion for China's semiconductor sector
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