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AI (Artificial Intelligence) letters and robot hand ... The Reuters Daily Briefing newsletter provides all the news you need to start your day.

With over $1 trillion in AI spending planned over the next five years, the useful lifespan of the infrastructure is a key issue for investors.

The GunslingerThere are, it seems, two ways to build a world-changing AI company. The first is the OpenAI way: you raise money at a blistering pace, you spend it at an even more blistering pace, and you bet that by building the biggest, most powerful models—for text,

The CEOs of DeepL and Picsart told CNBC they were concerned about AI valuations but touted the longer term potential of the technology.

The funding round adds $5 billion to the $10 billion funding round reported in September, which valued the startup at $200 billion.

Cursor built a popular AI coding tool that helps software developers generate, edit and review code.

AI startup Code Metal is going beyond vibe coding with the ... Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

The funding round adds $5 billion to the $10 billion funding round reported in September, which valued the startup at $200 billion.

Large tech companies have been stuffing artificial intelligence software into every possible product for years. Now, Founders Fund is backing a startup that wants to help Main Street businesses use the technology, too.

Cursor, an artificial intelligence coding startup, has raised $2.3 billion in funding at a $29.3 billion valuation, roughly tripling its value in a matter of months.

Rapid-delivery startup Gopuff has raised $250 million at a valuation of $8.5 billion, according to a person familiar with the matter — a significant markdown from its value in a 2021 funding round, as the company seeks to grow its services and sustain its financial health.

AI startup Parallel Web Systems ... Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter.

German startup Ferroelectric Memory GmbH has raised €100 million ($116 million) in investor financing and subsidies to commercialize energy-saving memory chips.

UK fintech Zilch Technology Ltd. raised $176.7 million in a mixed debt and equity raise to fund expansion and potentially a takeover.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Code Metal has raised $36.5 million in a funding round led by Accel.

SoftBank Group Corp.'s stock slid as much as 10% after the tech investor's exit from AI chipmaker Nvidia Corp. ... Provide news feedback or report an...

Swedish autonomous EV trucking company Einride is planning to go public on the NYSE through a SPAC deal with Legato Merger Corp. III valuing it at $1.8 billion.

The Ticking ClockThe numbers coming out of the "neocloud" space this week were, as is typical these days, completely dizzying. CoreWeave, the publicly-traded bellwether for this new category of AI infrastructure providers, saw its revenue more than double to $1.36 billion for the quarter. Its rival,

SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.

SoftBank Group sold its entire stake in Nvidia for US$5.83 billion to help bankroll artificial intelligence investments, even as investors question the amount of capital pouring into a technology with uncertain returns. Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, from Stargate data centres with OpenAI and Oracle to robot manufacturing sites in the US. The Nvidia exit coincides with a growing debate about whether spending by Big Tech firms like Meta...

SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.

Israeli AI agent startup Wonderful has raised $100 million in a ... TechCrunch Mobility is your destination for transportation news and insight.

Rocket Lab said its has 49 rocket launches on contract and 17 of those deals were signed during the third quarter.

The stock jumped last month on news of a sweeping OpenAI restructuring that frees the startup from its non-profit roots. The startup is considering a...

While hyperscalers are getting rewarded for their big spending plans, smaller companies are getting punished by investors.

Morgan Stanley is adopting technology backed by KKR & Co. that will help the bank facilitate transactions from alternative asset managers looking to expand their access to high-net-worth individuals.

Point72 Asset Management’s new AI-focused stock-picking fund has delivered gains of about 30% this year as hype around the technology fueled a surge in AI-linked corporate valuations.

The Japanese conglomerate said Tuesday it sold 32.1 million shares of Nvidia in October.

SoftBank's stock has slumped in the past week as concerns of an artificial intelligence bubble sent jitters through global markets.