Venture Capital

Nvidia is making its largest purchase ever, acquiring assets from nine-year-old chip startup Groq for about $20 billion.

DP Technology – the developer of a suite of AI tools used by researchers for work spanning drug design to battery development – has raised more than 800 million yuan (US$114 million) in Series C financing to expand research and development (R&D) and hire talent. The Beijing-based AI-for-Science (AI4S) start-up said on Wednesday that the round drew backing from a mix of state-linked and venture investors, including Fortune Venture Capital, Beijing Jingguorui Equity Investment Fund, Beijing...

Edward Woodford, CEO of crypto-infrastructure startup zerohash, joins "Bloomberg Crypto" to discuss the growth of stablecoins in the US, banks' usage of the technology and the overall growing institutional adoption of digital assets. He speaks with Bloomberg's Scarlet Fu and Katie Greifeld. The company builds stablecoin and blockchain infrastructure that allows for payments and crypto trading. The firm, founded in 2017, has settled more than $65 billion of transaction volume, according to its website. (Source: Bloomberg)

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Tomasz Tunguz, general partner at Theory Ventures, says AI innovation isn’t showing signs of slowing down, but state-level regulation like the one recently passed in New York could hurt startups. Tunguz joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

Jeff Thomas, Nasdaq Capital Access Platforms chief revenue officer and global head of listings, says activity should pick up strongly in the first quarter and accelerate further in the back half of the year. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects a strong year ahead. (Source: Bloomberg)

The Canada Pension Plan Investment Board and Australia’s Goodman Group agreed to set up a multibillion dollar European data center business, as the rise of artificial intelligence drives demand for power and storage sites.

A Silicon Valley-focused banking startup backed by Palantir Technologies Inc. co-founder Peter Thiel is expected to raise $350 million in a funding round that would more than double its valuation.

Alphabet said the acquisition will help bring more data center and generation capacity online faster.

China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources. With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors. “Investors are happy about the deal’s terms as...

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Sangmi Cha from Bloomberg’s markets team reviews a big year for initial public offerings of Chinese chip firms.

KKR & Co. is providing private credit financing to a desalination plant in Saudi Arabia, marking the alternatives giant’s first foray into the kingdom and highlighting the region’s growing appeal to global investors.

A group of private equity firms led by Permira and Warburg Pincus has agreed to acquire Clearwater Analytics Holdings Inc. in a deal valuing the investment and accounting software maker at $8.4 billion including debt.

A group of private equity firms led by Permira and Warburg Pincus is in advanced talks to acquire investment and accounting software maker Clearwater Analytics Holdings Inc., according to people familiar with the matter.

SoftBank has sold Nvidia, T-Mobile stakes to fund OpenAI commitment · SoftBank could tap undrawn margin loan backed by Arm shares...

The round was led by Lightspeed Venture Partners, according to people familiar with the deal.

China’s robotics industry is turning into a humanoid arms race as start-ups – fresh from big funding rounds – are rolling out new robots in a bid to beat tech giants to real-world deployment. Beijing-based Noetix Robotics this week unveiled Hobbs W1, a service humanoid with a lifelike female face, a black bob and dexterous hands, as a new wave of venture-backed companies pushes into increasingly humanlike designs. Noetix billed Hobbs W1 as its most humanlike robot to date. The humanoid pairs a...

On "Bloomberg Real Yield", Rashaan Reid, co-head of global FICC sales at the global markets division at BofA, and Patrice Altongy, head of debt capital markets at HSBC Americas, speaks with Scarlet Fu about demand for debt, the AI boom and M&A funding. Companies are hurrying to the bond market for cheap M&A funding. That’s made this quarter the biggest in four years for acquisition financing at $113 billion globally, one of the highest tallies on record, according to data compiled by Bloomberg. (Source: Bloomberg)

Hyperscalers are increasingly turning to outside capital in the form of debt to fund the energy-intensive infrastructure.

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.