Digital Bank Zopa Raises $85 Million
British digital bank Zopa has announced that it has managed to raise 80 million euros (about $85 million) as part of the equity funding round.
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Startup Cohere to Prioritize Customized AI Models
Canadian startup Cohere, which operates in the artificial intelligence industry, focuses on the development of tailored AI models for enterprise users.
Elon Musk’s xAI Raises Around $6 Billion
Founded by Elon Musk last year, startup xAI, which operates in the space of the artificial intelligence industry, on Thursday, December 5, announced that it had managed to raise about $6 billion in equity financing.
BlackRock to Acquire HPS Investment Partners, Enhancing Public and Private Market Integration
BlackRock is to strengthen its position in the growing private credit market with the acquisition of HPS Investment Partners, a global credit investment manager with $148 billion in client assets.
Stackfix Raises $3 Million
The startup Stackfix, which was founded by pioneers in the area of artificial intelligence, raised $3 million in seed funding.
Foreign Investments in China Demonstrate Decline
Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.
JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
Argil Raises $5.2 Million
Argil has closed a seed round supporting its virtual platform powered by artificial intelligence, which helps businesses, educators, and creators to produce videos.
German Government Plans New Chip Subsidies
The German government is currently preparing new investments in the country’s semiconductor industry two months after Intel Corp. shelved intentions related to the construction of a chip manufacturing plant worth 30 billion euros ($32 billion) in Magdeburg.
Amazon S$2B Investments Into Singapore Businesses Creates Over 10,000 Indirect Jobs
Amazon invested over S$2 billion in Singapore in 2023, driving over 10,000 indirect jobs for the market and supporting thousands of local businesses.
Cardless Raises $30 Million
Cardless raised investments worth $30 million as part of the funding round.
Citi Invests in Pylon
One of the largest financial institutions in the United States, Citi, has made a minority investment in the mortgage infrastructure provider Pylon.
Pyramid Analytics Secures $50 Million
Pyramid Analytics, an artificial intelligence business analytics company, announced last Monday, November 25, that it had raised $50 million in new funding from BlackRock, the world’s largest asset manager.
Databricks Reportedly Closes in on Multibillion Funding Round at $55 Billion Valuation
The media reported that Databricks, a San Francisco-based technology company that is one of the most valuable private firms of the corresponding category in the world, raises billions of dollars in cash and so far has not demonstrated any significant desire to go public as quickly as possible.
Boosted.ai Raises $15 Million
Boosted.ai raised $15 million worth of investment funds for its generative artificial intelligence tool for investment managers.
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