Peak XV leads. M12, Kleiner Perkins, and Bessemer Venture Partners join; earlier investors return. Amazon Ring, Intuit, and New York Life are named enterprise customers; total funding now stands at $72m. Vapi, the San Francisco-based enterprise voic…
Lees meerChina’s export earnings have reached roughly $500m an hour, according to a Bloomberg calculation based on the latest customs data, with AI-related goods accounting for about half of the year-on-year growth that has driven the figure to record levels…
Lees meerThe former OpenAI chief scientist, who now runs Safe Superintelligence, gave the figure under oath. It places him among the largest individual shareholders in the company. Ilya Sutskever, the former chief scientist of OpenAI who now runs Safe Superi…
Lees meerServiceNow is looking to raise approximately $4bn in a US high-grade bond sale to refinance debt taken on to fund its acquisition of cybersecurity firm Armis Security, Bloomberg reported on Monday. JPMorgan Chase, Wells Fargo, Barclays and Citigroup…
Lees meerThe European Commission president said an EU age-verification app is technically complete and that bloc-level rules on minimum social-media ages are next. France, Spain, and several others are already moving alone. European Commission President Ursu…
Lees meerThe US Commerce Department has removed from its website the details of an agreement under which Microsoft, Google, and xAI agreed to submit new AI models to government scientists for security testing before release, Reuters reported on Monday. The o…
Lees meerAttorney General Ken Paxton filed the suit on Monday, alleging Netflix collects user data without consent and uses autoplay to keep children watching. Netflix calls the suit meritless. Texas Attorney General Ken Paxton sued Netflix on Monday, allegi…
Lees meerProsus is targeting $3.6bn in annual revenue from Just Eat Takeaway, the European food-delivery business it bought for €4.1bn last year, the Napers-controlled investor said in a strategy update on Tuesday. The figure sets a near-term commercial targ…
Lees meerPaymentology, the London-based global issuer-processor, has raised $175m in a round co-led by Apis Partners and Aspirity Partners, the company said on Tuesday. Apis invested through its Apis Growth Fund III vehicle, which the firm said takes its tot…
Lees meerNscale, the vertically integrated AI-infrastructure company, has secured an additional $790m of debt financing to continue building out its AI data centre in Narvik, northern Norway, the company said on Monday. The committed facility was provided by…
Lees meerHappl, the London- and New York-based provider of an AI-native employee-benefits platform for multinational employers, has raised $11m in a Series A round. The round was led by Portage Ventures, with participation from F Capital and continued backin…
Lees meerWise began trading on Nasdaq on Monday under the ticker WSE. Shares opened at 15.96 dollars. The London-founded fintech, which went public on the London Stock Exchange in July 2021 via a direct listing that valued it at 11 billion dollars, has mov…
Lees meerZoomInfo beat its first-quarter earnings estimates, cut its full-year revenue guidance by 62 million dollars, announced a restructuring that will eliminate 600 jobs, and lost 29 per cent of its stock price in a single trading session. The company …
Lees meerThe era of greenwashing may be coming to an end, at least in the construction sector where manufacturers are embracing a low cost tool to support data-driven transparency about their environmental impacts. “We’ve seen that manufacturers are increasi…
Lees meerThe complaint, filed on behalf of California residents, alleges Meta earns up to $7bn a year from “high-risk” scam ads and tolerated the practice. The county wants restitution, civil damages, and an injunction. Santa Clara County has sued Meta Platf…
Lees meerOpenAI has set up a new venture called OpenAI Deployment Company, with more than $4bn in initial funding from a syndicate of 19 firms led by TPG and including Advent International, Bain Capital and Brookfield as co-lead founding partners, the compan…
Lees meerThe geothermal developer increased its share count by 26% and its top-of-range price by about 8% in an SEC filing on Monday. The revision points to the demand for clean baseload power that AI data-centre buyers have been ready to pay for. Fervo Ener…
Lees meerAt about ten in the morning on Wednesday, in the courtyard of Daeungjeon Hall at Jogyesa, a 130-centimetre humanoid in brown robes pressed its palms together and bowed. A monk asked the figure whether it would devote itself to the holy Buddha. The r…
Lees meerNew AutoMotive’s data tracker, reported by Reuters on Sunday, marks the threshold and puts the question to industrial policy: how much of the headline number will end up producing cells at scale, given that roughly 600 GWh of announced European batt…
Lees meerBNP Paribas, Deutsche Bank and JPMorgan have the mandate. Maturities run from three years to 25 years. The trade follows Alphabet’s record Swiss issuance in February and Amazon’s $37bn dollar deal in March, and is the latest demonstration that hyper…
Lees meerNVIDIA’s CEO delivered the keynote at CMU’s 128th commencement on Sunday and received an honorary doctorate. The address framed AI as a reindustrialisation moment for the US, and pressed both engineers and policymakers to advance capability and safe…
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