Explore finance insights, tips, and trends to make informed decisions.
Artificial Intelligence (AI)
Enterprise AI startup Cohere announced Wednesday that it has raised an additional $100 million in funding, pushing its valuation to $7 billion. The extension builds on an oversubscribed $500 million round closed in August, which had valued the company at $6.8 billion. Alongside the funding, Cohere revealed a new
Software Development
In the last decade, improved smartphone cameras fueled the rise of platforms like Instagram, YouTube, and TikTok, turning casual creators into professionals. Now, a startup called Emergent wants to do the same for app development—transforming non-technical users into app builders. Founded by twin brothers Mukund and Madhav Jha, Emergent
Crypto
Crypto infrastructure startup Zerohash has secured $104 million in Series D funding, drawing backing from some of the biggest names in traditional finance, including Morgan Stanley and SoFi. The round, which values the company at $1 billion, was led by global trading powerhouse Interactive Brokers. The funding also saw participation
Pharmaceutical
Eli Lilly is doubling down on U.S.-based drug manufacturing. The pharmaceutical giant announced Tuesday it will invest $6.5 billion in a new manufacturing facility in Houston, Texas, aimed at scaling production of its pipeline of small molecule drugs — most notably orforglipron, its experimental obesity pill. Expanding U.
Automotive
Big electric trucks are struggling to find their place in the U.S. market. Tesla’s Cybertruck has been plagued by delays and criticism, Stellantis just canceled its Ram 1500 EV project, and Ford’s F-150 Lightning — once a beacon of promise — has seen sales steadily decline. Yet America’s
Retail
Saks Fifth Avenue’s parent company, Saks Global, is exploring the sale of a 49% stake in luxury department store Bergdorf Goodman for $1bn, according to a report from The Wall Street Journal. The proposed deal has already drawn interest from at least four potential bidders, including Middle Eastern sovereign-wealth
Wearables
Oura Health Oy, the Finnish company behind the popular Oura health and fitness ring, is in the final stages of raising $875 million in a Series E financing round that would value the company at roughly $10.9 billion, according to Bloomberg. The round is expected to close by the
Artificial Intelligence (AI)
Chipmaking giant Nvidia plans to invest as much as $100 billion in OpenAI and supply the startup with its advanced data center chips, the companies announced Monday. The deal marks one of the largest commitments yet in the accelerating race to dominate global artificial intelligence. Under the agreement, Nvidia will
Healthcare
Healthcare services provider Premier Inc. announced on Monday that it has agreed to be taken private by an affiliate of investment firm Patient Square Capital in a transaction valued at approximately $2.6 billion. Premier, headquartered in North Carolina, partners with hospitals, health systems, and other providers to help cut
Pharmaceutical
Pfizer announced Monday that it will acquire biotech firm Metsera in a deal worth up to $7.3 billion, including future milestone payments, as it works to secure a foothold in the booming obesity drug market. Under the agreement, Pfizer will pay $47.50 a share in cash for Metsera,
Real Estate
Compass, the largest U.S. residential real estate brokerage, announced on Monday that it will acquire Anywhere Real Estate in a deal valued at $4.2 billion. The transaction comes at a time when the housing market remains sluggish, with buyers facing affordability challenges amid persistently high interest rates. Under
Energy
Commonwealth Fusion Systems (CFS), a leading startup in the race to commercialize fusion power, has signed an agreement to sell more than $1 billion worth of electricity to Italian energy giant Eni. The deal marks the second major purchase agreement for the company’s first full-scale fusion plant, Arc, which