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Chinese AI firm DeepSeek nears $12B raise, Bloomberg says
Chinese AI developer DeepSeek is close to raising at least 80 billion yuan (about $12 billion) in its latest funding round, well above its original target. Bloomberg News reported the figures on Tuesday, citing people familiar with the matter. The…
OpenAI in talks with UAE funds, BlackRock on $30B round
OpenAI is talking with several investment funds from the United Arab Emirates, including Abu Dhabi-based MGX, about anchoring a financing round of $30 billion for the ChatGPT maker, Bloomberg News reported Monday, citing people familiar with the matter. The UAE…
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SoftBank completes OpenAI pledge, lifting stake to 13%
SoftBank Group said on Thursday, Oct. 1, that it has put the third and final $10 billion into OpenAI through its Vision Fund 2. That completes the $30 billion follow-on commitment it announced in February. SoftBank has now invested $64.6…
Wall Street balks at $2 trillion Anthropic IPO valuation
Venture capitalists are still paying more and more for AI startups, but the investors who buy newly listed shares are pushing back. The clearest sign is Anthropic's planned IPO. Investment banks discussed a valuation of about $2 trillion early on.…
Public investors peg Anthropic IPO nearer $1.5 trillion
Venture investors and public-market investors increasingly disagree about what artificial intelligence companies are worth. Anthropic's planned IPO has become the clearest example. The Information reported on Sept. 30 that some investment banks had discussed valuing the company at about $2…
ElevenLabs doubles valuation to $22B in tender offer
ElevenLabs announced on Wednesday that it closed a $300 million employee tender offer valuing the voice AI company at $22 billion, double the $11 billion valuation set during its Series D round in February. The transaction, led by Wellington and…
DeepSeek’s revenue run rate tops $1B, The Information reports
Chinese AI startup DeepSeek has seen its annualized revenue run rate surpass $1 billion, more than doubling from less than $500 million just a few months ago, according to a report from The Information on Thursday citing two people with…
EU launches pact to funnel institutional capital into tech scale-ups
The European Commission and the European Investment Bank (EIB) Group on Tuesday launched the European Institutional Investors Pact (EIIP), a voluntary framework aimed at directing more long-term capital from pension funds, insurers, and banks into the continent's technology ecosystem.
OpenAI expects to burn $278B in cash by 2030
OpenAI is in early discussions with investors about raising a new funding round that could value the maker of ChatGPT at $1.2 trillion to as much as $1.5 trillion, roughly doubling its most recent private valuation and potentially crowning it…
Manus AI seeks $500M at $4B valuation after Meta split
Manus AI, the Chinese-founded artificial intelligence startup forced to sever ties with Meta earlier this year, is in talks to raise $500 million at a roughly $4 billion valuation as it charts a course as an independent company, The Wall…
DeepMind offshoot Emulate nears $700M seed round
A UK artificial intelligence startup called Emulate, founded by former Google Alphabet Inc. DeepMind researchers, is in talks to raise $700 million in a seed round at a pre-money valuation of $3 billion, according to Bloomberg. The fundraise would mark…
Mistral AI inks Mozilla, TotalEnergies deals after €3B raise
Mistral AI, France's flagship artificial intelligence startup, closed a €3 billion Series D funding round on September 8, valuing the company at more than €21 billion post-money — what the three-year-old company called the largest equity round ever completed by…
OpenAI shelves 2026 IPO, eyes new round at $1.2T
OpenAI will not go public this year. CEO Sam Altman told Fortune that "right now would be an ill-advised moment to go public," citing unresolved concerns around AI safety and alignment as the reason to delay what had been one…
Cohere and Aleph Alpha sign merger as $20B fundraise nears
Cohere made a string of announcements on Wednesday at the ALL IN AI conference in Montreal, signing a definitive merger agreement with Germany's Aleph Alpha and unveiling a strategic partnership with OpenText Open Text Corporation — all while confirming strong…
OpenAI weighs funding round at $1.2 trillion valuation
OpenAI has entered early-stage discussions with large investors about a new private funding round that would value the ChatGPT maker at more than $1.2 trillion, according to reports from the Financial Times, Bloomberg, and The Information published on Tuesday.
DeepSeek hires first CFO as Chinese AI startup eyes IPO
Chinese AI startup DeepSeek plans to appoint Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, according to a Reuters report on Monday citing two people familiar with the matter. The hire marks a…
Bending Spoons to buy Miro for $1.36B, 90% below peak
Bending Spoons, the Milan-based software consolidator that listed on the Nasdaq in July, has agreed to acquire Miro, the visual collaboration platform, for an enterprise value of $1.355 billion in an all-cash deal, the companies announced on Thursday. The transaction…
Brokers charge steep fees for DeepSeek stake access
Investor appetite for a stake in DeepSeek has grown so fierce that a shadow market of special purpose vehicles has emerged around the Chinese AI startup's latest funding round, with intermediaries charging fees that dwarf typical venture capital terms.
Fusion energy draws record $14B as startups break ground
The fusion energy industry has now attracted more than $14 billion in cumulative private investment since 2021, according to data from the Fusion Industry Association, as companies break ground on demonstration facilities and investors bet that the long-promised energy source…
Cognition AI raises $2B at $48B valuation, doubling in four months
Cognition AI, the startup behind the autonomous coding agent Devin, announced on Tuesday that it has raised over $2 billion in a Series E funding round at a $48 billion valuation, nearly doubling its worth in less than four months.
Mistral raises $3.5B in Europe’s largest private tech round
Mistral AI has closed a €3 billion ($3.5 billion) Series D funding round at a valuation of more than €21 billion, the French startup announced on Tuesday, in what it described as the largest equity raise ever completed by a…
Nvidia’s equity investments soar tenfold to $99 billion
Nvidia has transformed from a chipmaker into one of the world's largest strategic technology investors, with equity holdings surging more than tenfold over the past year to $99 billion as of July 26, according to CNBC. The figure, up from…
LeCun named to TIME’s AI 100 after $1B bet against LLMs
Yann LeCun, the Turing Award-winning AI pioneer who helped create the foundations of modern deep learning, has been named to TIME's Alphabet Inc. 100 Most Influential People in AI for 2026 — a recognition that comes months after he raised…
Ukraine’s ousted defense chief seeks US backing for weapons tech fund
Ukraine's former defence minister Mykhailo Fedorov is seeking American investment for a defence technology fund and Western capital to build and manage weapons development companies to help Kyiv resist Moscow, according to an interview published Sunday by the Financial Times.
JPMorgan leads $5B debt package for 7-month-old AI startup Volta
JPMorgan Chase has begun approaching potential lenders for a $5 billion debt package to fund Volta Infra Holdings' buildout of artificial intelligence data centers, according to people familiar with the financing cited by Bloomberg.
DeepSeek nears $74B valuation in pre-IPO funding round
Chinese artificial intelligence startup DeepSeek is close to completing a new funding round that would value the company at approximately 500 billion yuan ($74 billion) before investment, as the Hangzhou-based firm moves toward a potential public listing on Shanghai's Star…
Oil majors pour billions into nuclear fusion startups
The world's largest oil companies are pouring capital into nuclear fusion, wagering that a technology long dismissed as perpetually decades away is now close enough to commercial reality to justify serious investment. Global private funding for fusion hit a record…
Universal, Sony and Warner take equity in Stability AI’s $76M round
The world's three largest record companies have taken equity stakes in a generative AI company, marking a strategic pivot for an industry that has spent years fighting AI firms in court over copyright infringement.
Anthropic to pitch $30T market opportunity ahead of IPO
Anthropic is preparing to tell investors that it sees a total addressable market exceeding $30 trillion, according to The Wall Street Journal, a figure that would surpass the $28.5 trillion estimate SpaceX presented ahead of its own record-breaking listing earlier…
AI safety startup Alice raises $140M after rogue model incidents
Alice, an Israeli-American AI safety and security company formerly known as ActiveFence, announced on Tuesday a $140 million funding round led by Apax Digital, with participation from SentinelOne and Samsung Electronics, according to Bloomberg. CEO Noam Schwartz said the investment…