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Anthropic approaches $1T valuation; Google ads face heatAnthropic neared a trillion-dollar valuation following fresh funding. This and more in today's ETtech Top 5.- Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surgesChipmaker Cerebras is aiming for a significant valuation in its US initial public offering. The company's advanced AI chips are in high dem...
- OpenAI set to raise about $10 billion from MGX, Coatue, ThriveOpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backe...
- VCs break taboo by backing both Anthropic, OpenAI in AI battleSequoia Capital and Altimeter Capital, for example, are both expected to invest in Anthropic’s latest financing, which is set to bring in m...
- From non-profit to $500 billion: Sam Altman’s OpenAI’s dizzying valuation riseIt all started with some grants, donations, and modest investments from tech leaders. The company's valuation was low during its early year...
- OpenAI raises $8.3 billion at $300 billion valuation: NYTOpenAI has raised $8.3 billion in funding, pushing its valuation to around $300 billion, according to The New York Times. The funding round...
- OpenAI close to finalising its $40 billion SoftBank-led fundingOpenAI is nearing a $40 billion funding round led by SoftBank Group, with investors including Magnetar Capital, Coatue Management, and Foun...
- Cut jobs, shareholder tells Facebook parent MetaThe suggestion was made by the technology-focused hedge fund an open letter to Chief Executive Mark Zuckerberg. Altimeter has a 0.1% stake ...
- Some big investors loaded up on Peloton as stock tumbledTiger Global Management, already a Peloton investor, bought another 3 million shares, increasing its investment by 41% and Baillie Gifford,...
- Grab slumps in US debut after record SPAC merger dealShares in Grab, Southeast Asia’s biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut following the company’s r...
- Grab's Nasdaq debut to set tone for Southeast Asian tech listingsThe backdoor listing on Nasdaq marks the high point for Singapore’s Grab that began as a ride-hailing app and now operates across 465 citie...
- Coding platform GitLab reveals surge in growth in US IPO filingGitLab generated revenue of $108.1 million for the six months ended July 31, an increase of 69% year-over-year. However, it incurred a net ...
- Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefulsGRAB-Analysis: Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
- Singapore's Grab to go public in world's biggest $40 bn SPAC mergerThe merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the ...
- Singapore's Grab to go public in world's biggest $40 billion SPAC mergerThe merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the ...
- SoftBank-backed Grab said to weigh US IPO via SPAC mergerGrab Holdings is in talks to go public through a merger with an SPAC controlled by Altimeter Capital Management that could value the SoftBa...
- UiPath raises $750 million in funding, valuation soars to $35 billionThe round was co-led by existing investors Alkeon Capital and Coatue with participation from Altimeter Capital, Dragoneer, IVP, Sequoia, Ti...
- Udaan valuation soars to $2.8 billion post $585 mn fundingON THE FAST LANE: Firm’s rise to Unicorn status makes a compelling case for SME digital disruption.
- After Indonesia, healthcare platform Practo enters MalaysiaCurrently, the platform has over 50% of private practitioners in Kuala Lumpur and in a few weeks, it expects to onboard all private practit...
- Practo sets foot into Indonesia, expands presence in PhillipinesPracto, the Bengaluru-based healthcare platform said it is localizing its app to enter Indonesia, one of the most populous countries in the...
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