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Bloomberg
OpenAI's $3 Billion Deal to Buy AI Startup Windsurf Falls Apart - Bloomberg
Bloomberg News reported in April that OpenAI was in talks to buy Windsurf. — With assistance from Kate Clark and Katie Roof. Copy Link. Get Alerts...
The Information
Pro Weekly: Anthropic's $4B, Groq's $6B talk, Meta's AI org chart shifts, & IPO pipeline
Our Generative AI Database reveals that Anthropic's annual revenue is now pacing at an impressive $4 billion, a nearly fourfold increase since the...
CNBC
Intel spins out AI robotics company RealSense with $50 million raise
Tech companies like Tesla and Amazon have bet big on robotics technology and automation.
Bloomberg
Robinhood CEO's AI Math Startup Valued at Nearly $900 Million - Bloomberg
Harmonic AI, an artificial intelligence startup co-founded by Robinhood Markets Inc. Chief Executive Officer Vlad Tenev, has raised $100 million...
SiliconANGLE
Report: Amazon weighing new multibillion-dollar investment in Anthropic - SiliconANGLE
The latter company has invested more than $3 billion in Anthropic over several funding rounds. The OpenAI rival uses infrastructure from both AWS and...
TechCrunch
Knox lands $6.5M to compete with Palantir in the federal compliance market - TechCrunch
Irina Denisenko, CEO of Knox, launched Knox, a federal managed cloud provider, last year with a mission to help software ... Tech Layoffs · ChatGPT.
Bloomberg
Robinhood CEO’s AI Math Startup Valued at Nearly $900 Million
Harmonic AI, an artificial intelligence startup co-founded by Robinhood Markets Inc. Chief Executive Officer Vlad Tenev, has raised $100 million in funding to tackle a problem that has sometimes confounded AI models: math.
Bloomberg
Revolut in Talks to Raise New Funds at $65 Billion Valuation
Revolut Ltd. is in discussions to raise a combination of primary and secondary funding at a blended $65 billion valuation as the fintech looks to raise funds for its US expansion.
PYMNTS.com
Amazon Reportedly Mulling New Multibillion-Dollar Anthropic Investment | PYMNTS.com
Amazon is reportedly considering adding to its $8 billion investment in artificial intelligence (AI) company Anthropic.
Bloomberg
UK to Invest €163 Million in Europe’s Starlink Rival Eutelsat
Eutelsat Communications SA, the European competitor to Elon Musk’s Starlink, said that the UK government will invest €163.3 million ($191 million), joining a France-led round into the company last month.
Bloomberg
CoreWeave’s Cooling Stock Rally Faces Even Bigger Hurdles Ahead
CoreWeave Inc.’s blistering rally has lost steam as the artificial intelligence infrastructure play faces a growing tangle of bearish catalysts that threaten to further unravel its meteoric rise.
Bloomberg
Varda Raises $187 Million to Manufacture Drugs in Space
Varda Space Industries Inc., a startup working on pharmaceutical manufacturing in space, has raised $187 million in a new funding round that will help it launch more spacecraft into orbit.
Reuters
Amazon considers another multibillion-dollar investment in Anthropic, FT reports | Reuters
Amazon is considering another multibillion-dollar investment in AI firm Anthropic to strengthen their strategic partnership, the Financial Times...
Bloomberg
Binance Founders’ $10 Billion Fund Backs US Crypto Listing Bid
YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He, will back investment firm 10X Capital’s plan to set up a publicly traded company in the US to invest in BNB, a token linked to the crypto exchange the pair started.
CNBC
Investing within the AI rally: Here's what you need to know - CNBC
The 'Halftime' Investment Committee discuss how to trade the AI rally as Nvidia hits a $4 trillion dollar market cap.
Bloomberg
Goldcrest, Collaborative Lead Round for Argentine Energy Startup Unblock
US-based funds Goldcrest Capital and Collaborative Fund have invested $13.5 million in a seed round for Argentine energy tech startup Unblock, which converts excess gas from oil and gas companies into computing power.
OpenAI has completed its nearly $6.5 billion all-stock deal to buy an AI device startup co-founded by Apple Inc.’s former design chief Jony Ive, cementing the ChatGPT maker’s push into the hardware market.
Bloomberg
Wiz Backer Raises $300 Million to Help Startup Employees Cash Out
Cyberstarts is launching a fund designed to give portfolio companies an edge in retaining talent
Bloomberg
PE Firms Circle Astorg’s €5 Billion Fund Services Firm IQ-EQ
Private equity firms including Blackstone Inc. and Permira are considering bids for fund services business IQ-EQ, people familiar with the matter said, paving the way for one of the most competitive auctions in Europe this year.
Bloomberg
MaintainX Funding Values Manufacturing Startup at $2.5 Billion
MaintainX Inc., a startup whose software helps monitor and maintain industrial manufacturing, raised $150 million at a valuation of $2.5 billion in a funding round co-led by existing investors Bain Capital Ventures and Bessemer Venture Partners.
Bloomberg
Saudi Delivery App Jahez to Buy Major Stake in Qatar’s Snoonu
Saudi Arabian delivery platform Jahez has agreed to acquire a majority stake in Qatari e-commerce platform Snoonu, in a positive signal for venture capital investors looking for more sign of exits in the Middle East.
Bloomberg
Manus Quickens Shift From China to Singapore as AI Race Heats Up
Manus is hiring more than 20 people for Singapore while shrinking its operations in Beijing and Wuhan, months after the Chinese-founded AI pioneer secured the backing of a prominent Silicon Valley investor.
Bloomberg
Mistral in Talks With MGX, Others to Raise Up to $1 Billion
French artificial intelligence startup Mistral AI is in talks to raise as much as $1 billion in equity from several investors including Abu Dhabi fund MGX, according to people familiar with the matter.
Tech in Asia
Figma IPO warms up slowed tech market
The software IPO market has experienced a dramatic slowdown since its 2021 peak when a record 1,035 companies went public 1. This drought is...
Bloomberg
SoFi to Give Clients Access to OpenAI, SpaceX Through New Funds
SoFi Technologies Inc. said it’s adding new private-markets funds that will allow retail clients to invest in closely held companies including SpaceX, OpenAI and Epic Games.
Bloomberg
Chipmaker SiPearl Raises €130 Million in EU Sovereign AI Push
European Union-backed chipmaker SiPearl has raised €130 million ($152 million) from investors including Taiwan’s Cathay Venture, as Europe pushes for technological sovereignty.
Bloomberg
Dubai Startup Raises $250 Million for Night-Vision Contact Lens
A Dubai-based startup founded by a Russian and a Ukrainian raised $250 million to develop smart contact lenses that provide night vision, zoom capabilities and real-time health checks.
CNBC
Tech founders call on Sequoia Capital to denounce VC Shaun Maguire's Mamdani comments
Shaun Maguire, an outspoken Trump supporter, is getting publicly criticized for recent posts about New York City Democratic mayoral candidate Zohran Mamdani.
Bloomberg
Sequoia Partner Maguire's Posts on Mamdani Spark Founder Petition
Startup executives from Dubai to Cupertino are asking Sequoia to apologize for a partner’s post on X
CNBC
Robinhood stock tokens face scrutiny in the European Union after OpenAI warning
The Bank of Lithuania said it has contacted Robinhood and is "awaiting clarifications" regarding the structure of its OpenAI and SpaceX stock tokens.