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.
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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.
Alphabet to Invest in South Carolina
Business giant Alphabet, which ownership structure includes Google, plans to invest $3.3 billion in South Carolina.
Microsoft to Invest $1.3 Billion in Mexico
Technology giant Microsoft on Tuesday, September 24, announced its intention to invest $1.3 billion to build up its infrastructure for cloud computing and artificial intelligence in Mexico over the next three years.
AI Startup Phacet Reportedly Raises $4 Million
The media reports that the startup Phacet, which operates in the space of the artificial intelligence industry, managed to raise investment funds for $4.4 million.
Samsung Plans to Invest $1.8 Billion More in Vietnam
South Korea’s Samsung Display Co. intends to invest $1.8 billion in a project to build a factory in the northern part of Vietnam.
Microsoft and BlackRock to Launch Fund for AI Infrastructure
BlackRock and Microsoft intend to launch a fund worth more than $30 billion to invest in artificial intelligence infrastructure.
