funding

US Awards Micron $6.1 Billion From US Chips Act

Biden administration awards $6.1 billion subsidy from US Chips Act for Micron's Idaho and and New York plants

2 weeks ago

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

2 weeks ago

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

4 weeks ago

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

1 month ago

Northvolt Appoints Restructuring Expert For Main Battery Plant

Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries

1 month ago

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…

1 month ago

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

2 months ago

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…

2 months ago

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

3 months ago

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

3 months ago

OpenAI Valued At $150Bn In Funding Talks – Report

More cash required. Latest funding talks with investors reportedly values AI startup OpenAI at $150 billion

3 months ago

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

4 months ago

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

5 months ago

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,…

5 months ago

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

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

5 months ago

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…

7 months ago

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

7 months 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

9 months 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

9 months 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'

10 months 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…

10 months 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

10 months ago

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

11 months ago

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

11 months ago

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

11 months ago

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

12 months ago

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…

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

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

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