Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent to make up for shortfall in human CPAs
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Former OpenAI Researcher Raises $40m For AI Voice Start-Up
Former co-developer of voice mode for OpenAI's ChatGPT launches WaveForms AI to make AI voice interactions feel more intuitive
OpenAI Seeks To Remove Commercial ‘AGI’ Constraint
ChatGPT developer OpenAI reportedly discussing removal of provision that blocks Microsoft from accessing super-intelligent AI
Germany Shoulders €600 Million Of Northvolt Debt
Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt
Amazon To Pump Another $4bn Into AI Start-Up Anthropic
Amazon to invest a further $4bn into AI start-up Anthropic, doubling its investment as it vies against stiff competition
Perplexity Adds Shopping Features To AI Search
Perplexity adds shopping features to generative AI-powered search as it faces more direct competition from OpenAI's ChatGPT
Battery Maker Northvolt Misses Production Targets
Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant
SpaceX Prepares Tender Offer At $250bn Valuation
SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation
Autumn Budget Hikes Business Taxes, Seeks Growth
First Labour Budget in 15 years includes increased payouts from businesses and capital gains, as government looks to promote growth
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
Shein Profits Drop 70 Percent
Direct-from-China e-commerce firm sees profits plummet 70 percent in first half of 2024 amidst stiff competition from Temu, as it plans IPO
Worldcoin Rebrands To World Network, Ramps Up Iris Scanning
Sam Altman's Worldcoin rebrands itself as pledges to ramp up its controversial iris-scanning crypto project
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
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
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
Google Hires Character.AI Staff, Licenses Tech
Character.AI co-founders Noam Shazeer, Daniel De Freitas to return to Google along with other researchers in latest AI 'acqui-hire'
Revolut Gains UK Banking Licence
After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator
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
OpenAI Co-Founder Ilya Sutskever To Start New AI Firm
Ilya Sutskever is creating a new AI firm, as part of his stated intention for a project that ‘personally meaningful’ to him
WeWork Emerges From Bankruptcy Protection
WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US
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
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
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
Trump Media Warns Of ‘Potential Market Manipulation’
Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock price
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
Telegram Reaches 900m Users, Nears Profitability
Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO
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 scrutiny