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Artificial Intelligence (AI)
Perplexity, the AI-powered search startup positioning itself as a rival to Google, has secured $200 million in fresh funding at a $20 billion valuation, according to The Information. The new round comes just two months after the company raised $100 million at an $18 billion valuation, per a July Bloomberg
Cloud Computing
Oracle’s shares soared in after-hours trading yesterday following news that the company had secured several multi-billion-dollar contracts. Now, details are emerging that point to OpenAI as one of its biggest customers. According to reporting from The Wall Street Journal, OpenAI has agreed to purchase $300 billion worth of compute
Software Development
Replit, the fast-growing collaborative coding platform, has closed a $250 million funding round that values the company at $3 billion, according to sources familiar with the deal. The round marks a dramatic leap in valuation from its last raise in 2023, when the startup secured $100 million at a $1.
Artificial Intelligence (AI)
ASML Holding, the Dutch semiconductor equipment giant, is making a bold bet on artificial intelligence by investing €1.3 billion ($1.5 billion) in Paris-based startup Mistral AI. The deal, announced Tuesday, gives ASML an 11% stake in Mistral and values the two-year-old company at roughly €11.7 billion — making
Telecommunications
ReOrbit, a Finnish space technology startup focused on enabling nations to control their own satellites, has raised a record-setting €45 million (about $53 million) in a Series A funding round — the largest of its kind for a European space tech company. The round underscores how Europe’s space market is
Cybersecurity
The cybersecurity industry is one of the largest and fastest-growing sectors in tech, but for startups, the public markets have remained elusive. Most promising companies in the space are snapped up by strategic acquirers long before ringing the opening bell. Even Wiz, once the fastest-growing startup in the category, scrapped
Artificial Intelligence (AI)
Cognition AI, the fast-rising startup behind the AI coding agent Devin, has surged to a $10.2 billion valuation after securing a fresh $400 million funding round, according to Bloomberg. The deal represents a steep jump from the company’s $4 billion valuation earlier this year and signals investor confidence
Entertainment
StubHub Holdings Inc., the operator of ticket-selling platforms StubHub and Viagogo, is moving forward with its long-anticipated public debut, aiming to raise as much as $851 million in an initial public offering. In a filing with the U.S. Securities and Exchange Commission on Monday, the New York-based company outlined
Banking
Pittsburgh-based PNC Financial Services Group announced Monday it will acquire FirstBank Holding Co., a privately held Colorado lender, in a $4.1 billion cash-and-stock deal designed to expand PNC’s footprint in the western United States and push its coast-to-coast ambitions. The acquisition will add nearly 100 branches in Colorado
Artificial Intelligence (AI)
Databricks has once again rewritten the record books in enterprise software. The data and AI giant announced that it has raised an additional $1 billion, pushing its valuation to $100 billion while boasting an impressive $4 billion in annual recurring revenue (ARR). This milestone comes just nine months after Databricks
Artificial Intelligence (AI)
Amazon is preparing to make a bold move into the fast-growing world of AI-powered workplace tools with a new platform called Quick Suite, according to internal documents viewed by Business Insider. The software, which is still in testing, aims to unify multiple AI agents into a single workspace experience, offering
Semiconductors
Broadcom Inc. is stepping deeper into the artificial intelligence race with a landmark deal to design and produce custom accelerators for OpenAI, the maker of ChatGPT. The partnership positions Broadcom in direct competition with Nvidia Corp., whose dominance in AI chips has fueled a meteoric rise in its valuation. According