AI Share in U.S. VC Funding Surges
AI funding surges in 2024, as U.S. investors are seeking opportunities to invest in this rapidly growing but still emerging technology.
Investing - page 6
Intel Invests $300 Million in China
Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.
Osigu Raises $25 Million for Healthcare Platform
Osigu has announced the first closing of a Series B funding round in the amount of $25 million.
Perplexity AI Reportedly Aims to Raise $500 Million
Media reports that artificial intelligence search company Perplexity AI plans to raise investment funds for about $500 million as part of a new round of financing.
Is Investors’ Focus on AI Impeding Other Business Segments?
As a particularly promising technology, artificial intelligence (AI) is attracting hundreds of billions in US dollars from various global investors. Is this extreme focus on AI starting to impede other important business segments amid the global foreign investment stagnation?
CoreWeave Gets $650 Million Credit Line
CoreWeave, an artificial intelligence startup that rents out chips to other companies, on Friday, October 11, announced that it has a new credit line for $650 million.
Sustainable Funds Outperform Traditional Ones in H1 2024
Sustainable funds saw inflows of $20 billion in the first half of 2024, with assets rising to $3.5 trillion.
National Bank of Bahrain Launches Bitcoin Investments
The National Bank of Bahrain (NBB) has introduced a Bitcoin-linked Structured Investment for accredited investors – the first offering of a kind in the Cooperation Council for the Arab States of the Gulf (GCC) region.
TrueLayer Raises $50 Million
TrueLayer raised $50 million as part of its $130 million Series E funding round.
UK FinTech Constitutes 65% of All European Deals in H1 2024
While overall funding in the European fintech sector declined by 25% year-on-year, UK companies dominate the scene, accounting for 65% of all deals in the region.
Microsoft to Invest $4.8 Billion in Italy
Microsoft last Wednesday, October 2, announced its intention to invest 4.3 billion euros ($4.8 billion) in Italy, which is by far the largest volume of financial injections by a technology giant into this country.
OpenAI Closes Funding at $157 Billion Valuation
OpenAI has closed its long-awaited funding round at a valuation of $157 billion.
SoftBank Reportedly to Invest $500 Million in OpenAI
The media reports that the Vision Fund, which is part of the ownership structure of the Japanese telecommunications company SoftBank, intends to invest $500 million in the latest round of funding for OpenAI.
Google to Invest $1 Billion in Thailand
Google on Monday, September 30, announced its intention to invest $1 billion in Thailand.
CZ Pledges More Tech Investment Upon US Custody Release
Changpeng Zhao (CZ), the former CEO of Binance, is out of prison and vows to increase his investment in technology sectors such as blockchain, artificial intelligence, and biotechnology.
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