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CNBC
CNBC Daily Open: Record high U.S. stocks as investors rotate out of tech
Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.
CNBC
Esusu, platform for renters to build credit scores, valued at $1.2 billion in new funding round
Esusu raises $50 million at a $1.2 billion valuation as it helps more renters build credit scores and gain access to mortgages and other financial products.
Reuters
Big global investors see gold in AI but don't buy the rush | Reuters
have rushed to debt markets in recent months to keep pace in the Artificial Intelligence race, adding to unease about an AI bubble. ... news provider,...
CNBC
Goldman Sachs leads investment in software delivery startup Harness at $5.5 billion valuation
Harness CEO Jyoti Bansal wants to eventually take Harness public after he sold his previous startup, AppDynamics, to Cisco just before a planned IPO.
CNBC
AI defense booms in UK and Germany as new wave of billion-dollar startups emerge
The UK and Germany have become key hubs for defense startups in Europe and the U.S.
CNBC
Over $50 billion in under 24 hours: Why Big Tech is doubling down on investing in India
Despite being a laggard in some key areas of artificial intelligence, India is becoming a major investment destination for Big Tech companies.
Bloomberg
Vista-Backed Finastra Taps PJT to Sell US Banking Software Unit
Finastra Group Holdings Ltd. has hired PJT Partners Inc. to help with plans to sell its unit that caters to mid-sized US banks, according to people familiar with the matter.
CNBC
‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up
The company's Starcloud-1 satellite is running Gemma, an open model from Google, marking the first time in history that an LLM has been trained in outer space.
CNBC
Former GitLab CEO raises money for Kilo to compete in crowded AI coding market
Kilo Code, which makes a vibe coding extension, was founded by former GitLab CEO Sid Sijbrandij.
Bloomberg
Blackstone-Backed Mollie Nears Takeover of UK Fintech GoCardless
Dutch payments firm Mollie is expected to announce it has completed its acquisition of British fintech unicorn GoCardless as early as this week, boosting its capabilities in payment processing, according to people familiar with the matter.
Bloomberg
Hassett Says Room for Bigger Fed Cut, SpaceX Said to Plan Record IPO | The Pulse 12/10
The Federal Reserve is widely expected to cut by 25bps in its final rate decision of the year. But White House National Economic Council Director Kevin Hassett says he sees plenty of room for a bigger cut. Hassett is seen as the frontrunner to succeed Jerome Powell as Fed Chair.
Bloomberg understands the SpaceX is moving ahead with plans for an IPO that seeks to raise more than $30 billion. That would make it the biggest listing of all time. Sources say the Elon Musk-led company is targeting a valuation of about $1.5 trillion. The listing could happen as soon as mid-to-late 2026.
Today's guests: John Graham, CPP Investments, President & CEO; Simon Macadam, Capital Economics, Deputy Chief Global Economist; Alessia Berardi, Amundi Investment Institute, Head of Emerging Macro Strategy; Katie Gaddini, University College London, Associate Professor of Sociology (Source: Bloomberg)
Bloomberg
AI Boom Helping Draw Investors, Nu Quantum CEO Says
The artificial intelligence boom that’s pouring money into processing units and data centers has helped Nu Quantum draw investors, founder and Chief Executive Officer Carmen Palacios-Berraquero.
The British startup, which builds networking infrastructure to link and scale quantum computers, has raised $60 million in one of the largest Series A rounds raised in the UK, as
investors bet on advances in the frontier technology.
Palacios-Berraquero spoke to Bloomberg's Tom Mackenzie. (Source: Bloomberg)
TechCrunch
Unconventional AI confirms its massive $475M seed round - TechCrunch
Unconventional AI is set on building a new, energy-efficient computer for AI. ... TechCrunch Mobility is your destination for transportation news and...
Bloomberg
UK’s Nu Quantum Startup Raises $60 Million in Series A Round
Nu Quantum, a British startup that builds networking infrastructure to link and scale quantum computers, raised $60 million in one of the largest Series A rounds raised in the UK, as investors bet on advances in the frontier technology.
Bloomberg
India E-Commerce Upstart Meesho Jumps 53% After $603 Million IPO
Meesho Ltd., an Indian e-commerce platform, surged in its debut in Mumbai on Wednesday, showing growing investor appetite for tech startups after a string of blockbuster listings.
Reuters
Microsoft unveils $23 billion in new AI investments with big focus on India | Reuters
Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. ... AI startup Cohere to offer the firm's...
TechCrunch
SoftBank and Nvidia reportedly in talks to fund Skild AI at $14B, nearly tripling its value
Skild AI is developing a hardware-agnostic foundation model for ... TechCrunch Mobility is your destination for transportation news and insight.
CNBC
Fifth Third signs deal making fintech firm Brex the provider of its commercial cards
The move shows how some banks are choosing to partner with fintech firms rather than building their own platforms to keep up with evolving tech expectations.
Bloomberg
Sequoia-Led Funding Vaults AI Startup Fal to $4.5 Billion Valuation
Artificial Intelligence startup Fal raised fresh funding from investors including Sequoia Capital and Nvidia Corp. in a deal that values the company at $4.5 billion, according to a person familiar with the matter — triple its valuation from a few months earlier.
Bloomberg
Brookfield, Qatar Team Up on $20 Billion AI Investment Venture
Brookfield Asset Management Ltd. and Qatar Investment Authority are teaming up on a $20 billion venture to invest in artificial-intelligence infrastructure, underscoring the escalating regional race for dominance in the sector.
Reuters
Exclusive: SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say
Japan's SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of...
CNBC
Tiger Global launches new fund eyeing $2.2 billion raise as it takes more disciplined approach
Tiger first invested in OpenAI in 2021 at a valuation of less than $16 billion and in Waymo that same year at $39 billion.
CNBC
Tiger Global launches new fund eyeing between $2 billion and $3 billion as it takes more disciplined approach
Tiger first invested in OpenAI in 2021 at a valuation of less than $16 billion and in Waymo that same year at $39 billion.
Bloomberg
AI Computer Startup Hits $4.5 Billion Valuation in Seed Round
Naveen Rao joins a rarified club of prominent tech founders to raise big funding rounds for very young companies.
CNBC
Confluent stock soars 29% as IBM announces $11 billion acquisition deal
IBM will pay $31 per share in cash for all of the issued and outstanding common shares of the Confluent.
Bloomberg
Tether Backs Italian Humanoid-Robotics Firm as AI Push Builds
Stablecoin giant Tether has joined a €70 million ($81.6 million) funding round for Italy-based Generative Bionics, a humanoid-robotics startup developing industrial robots built using research from the Italian Institute of Technology.
SCMP
DeepSeek founder Liang Wenfeng cleans up on chip firm Moore Threads’ IPO
Chinese entrepreneur Liang Wenfeng, the founder and CEO of DeepSeek, appears to have made a big score from the initial public offering of chip designer Moore Threads Technology, whose shares surged more than fivefold in its trading debut in Shanghai.
High-Flyer Quantitative Fund, a hedge fund co-founded by Liang, had subscribed to a total of 82,244 shares of Moore Threads, at 114.28 yuan per share, via two entities: Zhejiang High-Flyer Asset Management and Ningbo High-Flyer Quant Investment...
CNBC
BlackRock bets on 'pick and shovel' trade, singling out clear winners in AI spending spree
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SCMP
China AI chipmaker MetaX draws more IPO investors than Moore Threads
Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut.
MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail...
SCMP
China’s fever for AI chip stocks persists as MetaX draws more investors than Moore Threads
Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut.
MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail...