SK Hynix Plans Chip Production Expansion
SK Hynix Inc. intends to spend about $14.6 billion on the construction of a complex for the production of memory chips in South Korea.
Investing
SoftBank Reportedly to Invest Nearly $1 Billion in AI Push
The Japanese technology conglomerate SoftBank intends to develop a generative artificial intelligence model for the Japanese language.
Perplexity AI Raises About $63 Million
Perplexity AI, a startup developing an artificial intelligence-based Internet search system capable of fully competing with Google, was able to raise investments worth about $63 million as part of a new round of financing.
Payflows Raises $26 Million
French fintech company Payflows has announced that it has managed to raise $26 million in investment funds for its all-in-one platform for financial teams.
Rippling Announces New Fundraising
Rippling, the workforce management platform that unifies HR, IT, finance, and more, announced on Monday, April 22, that it has managed to raise new funding for $200 million.
Wagestream Raises $21.8 Million
Wagestream, a financial well-being app focused on frontline workers, was able to raise investment funds for 17.5 million pounds (about $21.8 million) as part of the financing round.
Micron Intends to Get $6.1 Billion in Grants From US
The company Micron Technology, which specializes in the implementation of activities for the production of memory chips, will receive $6.1 billion in grants from the Commerce Department of the United States.
Rippling Reportedly Seeks to Raise New Funding
The media, citing insiders, report that currently the startup Rippling, which specializes in business software development, is negotiating to raise new funding at a valuation of between $13 billion and $14 billion.
Microsoft Invests $1.5 Billion in AI Company G42
Microsoft has invested $1.5 billion in G42, which is based in Abu Dhabi and operates in the artificial intelligence industry.
US to Award Samsung up to $6.4 Billion in Grants for Chip Plants
The administration of the President of the United States Joe Biden will provide Samsung Electronics Co. with grants worth up to $6.4 billion to increase chip production in Texas.
El Salvador Launches First-Ever Tokenized Asset Raise With Bitfinex Securities
Tokenized shares issued on the Bitcoin layer 2 Liquid Network will allow investors to earn a share in a new 4,500-square-foot Hampton by Hilton hotel in El Salvador.
BlackRock’s BUIDL Tokenized Fund Gets USDC Transfer Functionality
With the new smart contract, holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) can now transfer their shares to Circle for USDC.
South Korea to Invest in AI
South Korean President Yoon Suk Yeol said on Tuesday, April 9 that this country is investing 9.4 trillion won ($6.94 billion) in artificial intelligence.
Samsung Reportedly to Hike Texas Chip Spending
The media reports that Samsung Electronics Co. plans to increase investment in Texas by $44 billion.
Coro Raises $100 Million
Coro raised $100 million following a Series D funding round to develop its cybersecurity platform designed for small and medium-sized businesses.
Grayscale’s New Investment Fund to Maximize Staking Income
New Grayscale Dynamic Income Fund focuses on optimising crypto staking rewards for sophisticated investors with over $1.1 million assets under management or a net worth of more than $2.2 million.
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