Venture Capital

The announcement confirms details reported by CNBC on Tuesday.

A startup building artificial intelligence software to speed up and automate scientific research has raised $70 million in a new funding round, the latest sign of investor enthusiasm for using AI in the sciences. The financing for Edison Scientific, announced Thursday, was co-led by Spark Capital, Triatomic Capital and a US-based biotech investor that the company declined to name. Other participants included Google Chief Scientist Jeff Dean and CrowdStrike co-founder Dmitri Alperovitch. The fund

Ares Management Corp. is ramping up its bet on the AI boom, spending $700 million to build a sprawling data-center complex and buy fully-leased properties in Virginia.

The cybersecurity firm Exein has raised €100 million in additional funding, bringing the total raised this year to €170 million. It's been a year of hyper-growth for the Italian startup, backed by JP Morgan, with its valuation nearly doubling since its Series C fundraise in July. The Founder and CEO Gianni Cuozzo spoke to Tom Mackenzie on Daybreak Europe. (Source: Bloomberg)

Italian startup Exein SpA has raised €100 million ($118 million) in fresh funding with the goal of keeping hackers out of connected devices including cars, home routers and baby monitors.

PayPal Holdings Inc. this week applied to become a bank in the United States in a move that the fintech company hopes can unlock long-term monetization opportunities. Bloomberg News Consumer Finance Reporter Paige Smith and Bloomberg Intelligence Global Fintech and Payments Analyst Diksha Gera break down the decision and discuss whether other companies plan to follow suit. Paige and Diksha join Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. (Source: Bloomberg)

The tech-heavy Nasdaq Composite slipped 1.81%, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.

Italian tech startup Bending Spoons has significantly improved the terms it is offering to investors on an acquisition financing package of as much as $1.35 billion.

Carlyle Group Inc. has launched a takeover offer for Hogy Medical Co. in the latest private equity-led deal of a Japanese company.

Fintech startup Imprint Payments Inc., which helps retailers like Brooks Brothers offer co-branded credit cards, has reached a valuation of $1.2 billion in a new funding round led by Khosla Ventures.

Chip startup Mythic Inc. has raised $125 million in a new funding round, money that will help support its attempt to challenge Nvidia Corp. in the lucrative market for artificial intelligence processors.

OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed.

Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared nearly 700% after raising nearly $600 million in its initial public offering.

The funding round would give Waymo a valuation as high as $110 billion, a person familiar with the matter told CNBC.

Accel is participating in the round, the sources said, adding it would more than triple the valuation it achieved with its previous round in July.

Amazon.com Inc. is partnering with a JPMorgan Chase & Co.-backed startup to provide financing for small online businesses, many of which need immediate capital to replenish depleted holiday inventories.

Companies such as Databricks, SpaceX and OpenAI have reached mega valuations while staying private for longer.

Technology dealmakers are just beginning a supercharged period of mergers and acquisitions activity after racking up a record run this year, according to a senior Morgan Stanley banker.

Databricks is raising over $4 billion in a new funding round that values the software firm at $134 billion, another example of how some tech companies are achieving massive scale without going public.

Slope, an AI lending platform backed by JPMorgan Chase, told CNBC exclusively that it is launching a partnership with Amazon's independent sellers.

The ready availability of clients means companies that provide the compute just need to make sure their finances are in order.

KKR & Co. is investing $220 million in Premialab, a global provider of data, analytics and risk management solutions for quantitative investing, marking its first growth technology deal in the Middle East.

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The Canadian government will provide as much as C$92 million ($66.8 million) in funding to help quantum computing firms to scale up and remain in the country, as competition with the US in the emerging field heats up.

Siders spent more than 12 years at Palantir, recently overseeing its global IT operations, business applications and infrastructure.

Chai Discovery, an artificial intelligence drug-discovery company backed by OpenAI, has raised $130 million to build a “computer-aided design suite” for molecules.

Financing Jensen's CakeNvidia's Jensen Huang has offered a clean, orderly way to think about the AI economy. At a recent conference, he described the industry as a "five-layer cake." At the bottom, you have Energy. Then comes Chips, Infrastructure, AI Models, and finally,

The tech giants that account for much of the AI spending have vast resources, but the enormous cost of developing AI ... Provide news feedback or report...

At least $175 billion of data-center related US credit deals have been struck this year so far, according to figures compiled by Bloomberg News.

Apollo Global Management placed bets against the loans of several software makers as it grew increasingly bearish on technology firms vulnerable to artificial intelligence, the Financial Times reported.