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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.
Bloomberg
Ubisoft Jumps After Tencent Completes €1.16 Billion Investment
Ubisoft Entertainment SA’s shares jumped by the most in nearly a year after the company closed a deal with Tencent Holdings Ltd. for an investment in Vantage Studios, a unit carved out for its Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six franchises.
Bloomberg
Abu Dhabi’s Lunate Eyes $1 Billion Commitment to AI Firm MGX
Abu Dhabi asset manager Lunate is in discussions to commit as much as $1 billion to state-backed artificial intelligence investor MGX, according to people familiar with the matter.
Bloomberg
JD.com’s Supply-Chain Technology Unit Gauges Interest for Hong Kong IPO
JD.com Inc.’s supply-chain technology unit has started gauging interest for a Hong Kong initial public offering that may raise around $500 million in the coming weeks, people familiar with the matter said, setting it on course to complete a more than two-year attempt to go public.
Reuters
Investors eye holiday season turbulence amid AI and rate cut doubts | Reuters
... news straight to your inbox with the Reuters Business newsletter. Sign up here. After a relentless rally since April driven by AI excitement and...
Bloomberg.com
UAE Plans to Invest $1 Billion in African AI Infrastructure - Bloomberg.com
“It will provide access to AI computing power, technical expertise, and global partnerships,” he said. ... Provide news feedback or report an error.
NPR
Here's why concerns about an AI bubble are bigger than ever
Tech companies are pouring billions into AI chips and data centers. Increasingly, they are relying on debt and risky tactics. Financial analysts are worried there's a bubble that will soon pop.
CNBC
Tech stocks wrap big losing week as AI names get rocked after Nvidia earnings
Investors had looked to Nvidia's earnings report to settle fears that the AI bubble is on increasingly shaky ground.
CNBC
Here are real AI stocks to invest in and speculative ones to avoid
We understand the concerns about valuations in the speculative aspects of the AI, but not in the best of the best stocks we own.
CNBC
Global investors battle between long- and short-term wins amid Nvidia volatility
The market is "quite confused" over the dramatic rally and reversal, one fund manager said.
CNBC
SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip shares
Asian chip stocks fell in early trading, tracking Nvidia's losses in the U.S., despite the American AI chip darling posting strong third-quarter earnings.
SCMP
Co-founder of EV battery giant CATL pockets US$239 million from 1% stake sale
Huang Shilin, co-founder of Contemporary Amperex Technology (CATL) and its third-largest shareholder, has cashed in on a rally in the Chinese electric vehicle (EV) battery giant’s shares, selling a 1 per cent stake worth 1.7 billion yuan (US$239 million).
The engineer-turned-entrepreneur agreed to offload 45.6 million yuan-denominated A shares to 16 corporate and institutional investors at 376.12 yuan apiece, according to a filing by CATL to the Shenzhen Stock Exchange. The billionaire still...
Bloomberg
Robotics Startup Physical Intelligence Valued at $5.6 Billion in New Funding
Physical Intelligence, a startup developing artificial intelligence software to help robots learn a wide range of tasks, has raised $600 million in a new round of funding that values the company at $5.6 billion, according to people with knowledge of the matter.Alphabet Inc.’s independent growth fund CapitalG led the round, with participation from existing investors Lux Capital, Thrive Capital and Amazon.com Inc. founder Jeff Bezos, said the people, who asked not to be identified discussing priva
Bloomberg
Prediction Markets Go From Fringe to Frenzy as Wall Street, Silicon Valley Pile In
The intimate meal, 60 floors above New York’s financial district, brought together a pillar of the Wall Street establishment and a young crypto upstart.
Bloomberg
TCS Gets $1 Billion from TPG to Build Indian AI Data Centers
Tata Consultancy Services Ltd. secured $1 billion from TPG Inc. to speed its push into artificial intelligence data centers, underscoring the outsourcer’s bid to gain ground in one of technology’s fastest-growing arenas.