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CNBC
Former cyber spy raises $60 million to fight AI threats
Zafran Security, a startup created by a former cyber spy whose story helped inspire the Apple TV series "Tehran," has raised $60 million, the company told CNBC.
Vista Equity Partners-backed infrastructure software company LogicMonitor is acquiring the startup Catchpoint for more than $250 million in cash.
CNBC
Nvidia-backed $4 billion AI startup announces major London expansion
U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.
Bloomberg
Eric Schmidt, Xavier Niel Back French AI Voice Startup Gradium
A Paris-based artificial intelligence voice startup called Gradium has spun out of a nonprofit research lab and raised $70 million in funding from a group of A-list investors, including former Google Chief Executive Officer Eric Schmidt and French telecom billionaire Xavier Niel.
CNBC
SoftBank’s Son ‘was crying’ about the firm's need to sell its Nvidia stake
SoftBank Group founder Masayoshi Son has downplayed his firm's decision to dump its Nvidia position, saying he "was crying" to sell the shares.
SCMP
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
Nvidia has invested US$2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.
The deal, unveiled by the companies on Monday, comes as Nvidia has carried out a range of investments, such as those in OpenAI and Anthropic, to try to cement its dominance in the artificial intelligence market.
The Synopsys deal is about shifting the work of several hi-tech industries that...
CNBC
OpenAI takes stake in Thrive Holdings to help accelerate enterprise AI adoption
OpenAI will embed engineering, research and product teams within Thrive Holding's companies.
Bloomberg
OpenAI Gets Stake in Thrive Holdings, Adds to Circular Deals
OpenAI is taking an ownership stake in Thrive Holdings, an investment vehicle set up earlier this year by Thrive Capital, adding to a growing list of circular deals involving the ChatGPT maker and its backers.
Bloomberg
Sequoia Bets on AI Startup to Ease Wealth Advisers’ Grunt Work
Many companies are trying to replace wealth advisers with artificial intelligence, but Mark Swan’s bet is that humans are here to stay.
Bloomberg
SoftBank’s Son ‘Cried’ About Nvidia Stake Sale to Fund AI Bets
SoftBank Group Corp. founder Masayoshi Son said he wouldn’t have sold off Nvidia Corp. shares if his company had unlimited money to bankroll its next investments in artificial intelligence, which include a big bet on OpenAI.
Bloomberg
Temasek-Backed Atomberg Is Said to Plan $200 Million India IPO
Temasek Holdings Pte-backed Atomberg Technologies Pvt. is weighing an initial public offering in Mumbai that may raise around $200 million, according to people familiar with the matter.
NPR
As AI companies continue to invest heavily, concerns about a bubble continue to grow
As AI companies pour hundreds of billions of dollars into data centers, concerns grow that the industry is inflating a financial bubble that could harm the economy.
Bloomberg
SoftBank-Backed Meesho Set to Seek Up to $605 Million Via IPO
Meesho Ltd., which became an India e-commerce heavyweight by selling Temu-like low-priced offerings, plans to deploy some of the proceeds from its $606 million initial public listing to penetrate smaller towns in the world’s biggest consumer market.
SCMP
Stampede for Moore Threads’ IPO as China flexes its GPU ambitions
Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week.
The red-hot demand for Moore Threads highlights China’s determination to build home-grown alternatives to Nvidia’s chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren...
TechCrunch
Onton raises $7.5M to expand its AI-powered shopping site beyond furniture | TechCrunch
Onton, which changed its name from Deft, is giving users an infinite canvas with AI ... TechCrunch Mobility is your destination for transportation news...
Reuters
Robinhood CEO's math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising
Laurene Powell Jobs' investment firm Emerson Collective joined as a new backer. Get a daily digest of breaking business news straight to your inbox...
Bloomberg
ByteDance Is Said to Revive Moonton Sale, in Talks With PIF’s Savvy Games
TikTok owner ByteDance Ltd. is in talks to sell gaming studio Shanghai Moonton Technology Co. to Saudi Arabia-based Savvy Games Group, according to people familiar with the matter.
Bloomberg
SoftBank’s 40% Slide From Peak Shows Worry Over Giant OpenAI Bet
Growing unease over frothy artificial intelligence valuations is weighing on shares of SoftBank Group Corp., which traders increasingly view as a proxy for privately held OpenAI.
CNBC
Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble allegations
... AI startups raise capital predominantly from outside investors. ... Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Bloomberg
Kioxia Sinks After Bain-Backed Firm Sells $2 Billion of Shares
Kioxia Holdings Corp.’s shares dived more than 14% after a Bain Capital-backed entity unloaded $2.1 billion of shares in the Japanese memory chipmaker at a discount, stoking concerns about the lofty valuations of global AI-related firms.
Reuters
Google, Accel partner to back Indian AI startups - Reuters
Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. Under the partnership, Google's...
Bloomberg.com
Taiwan Tycoon Backs $1.5 Billion AI Bet With Private Credit Fund - Bloomberg.com
Andre Koo Sr. has committed at least $100 million to anchor two funds that will allocate to AI infrastructure companies. ... Provide news feedback or...
CNBC
Musk's xAI to close $15 billion funding round in December: sources
Competitors OpenAI and Anthropic have raised significant funds in recent months as demand for foundational models skyrockets.
Bloomberg
Sword CEO Calls IPO ‘Boring’ for Now After $4 Billion Valuation
Sword Health’s 41-year-old founder isn’t shy about his ambitions — or his lack of interest in taking the conventional path to the public markets.
Bloomberg
Bain-Backed Firm to Sell Kioxia Stock in $2 Billion Block Trade
A Bain Capital-backed entity will dump a stake in Kioxia Holdings Corp. in a block trade as the stock has surged since its initial public offering about a year ago.
Bloomberg
India’s Zetwerk Plans $750 Million IPO, Hires Six Banks
Zetwerk Pvt, an Indian contract manufacturer, is preparing to file for an initial public offering that may raise as much as $750 million, according to people familiar with the matter.
Bloomberg
Grab-Backed Super Bank Seeks Up to $186 Million in Jakarta IPO
PT Super Bank Indonesia, part of Indonesian conglomerate PT Elang Mahkota Teknologi, is planning an initial public offering in Jakarta that could raise as much as 3.1 trillion rupiah ($186 million).
SCMP
China’s UBTech Robotics eyes US$400 million in Hong Kong share placement
UBTech Robotics, one of China’s top makers of humanoid robots, plans to raise HK$3.11 billion (US$399.6 million) through a share placement in Hong Kong – its sixth and largest such fundraising since last year, riding on growing industrial orders and the sector’s momentum.
The Shenzhen-based company aimed to sell 31,468,000 new shares for HK$98.80 each, representing a discount of around 11.4 per cent from the closing price on Monday, according to a filing to the Hong Kong stock exchange on...
Bloomberg.com
AI Startup Raises $75 Million to Take Junior Bankers' Grunt Work - Bloomberg.com
AI Startup Raises $75 Million to Take Junior Bankers' Grunt Work ... Provide news feedback or report an error · Site feedback: Take our Survey.
Bloomberg.com
UAE: Abu Dhabi's Lunate Weighs $1 Billion Commitment to AI Firm MGX - Bloomberg
It raised about $17 billion in 2024 for its flagship funds and is targeting a higher amount for funds launching in 2026, Bloomberg News has reported.