Zhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...

The company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI ra...

AI-driven drug discovery firm Isomorphic Labs secured a massive $2.1 billion in Series B funding. This capital will fuel the expansion of t...

Iconiq, a private wealth manager for global elites, is now a major force in venture capital. The firm is making substantial bets on AI star...

Iconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...

Anthropic PBC is considering going public as soon as in October, according to people familiar with the matter, as the artificial intelligen...

OpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backe...

Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, wh...

AI is impacting various sectors. OpenAI will share AI models. US authorities are investigating AI use in airline ticket pricing. MGX in Abu...

Company executives are weighing raising money from financial and strategic investors in Abu Dhabi and beyond, but Mubadala Investment and A...

The funding would accelerate the commercial rollout of Mistral's Le Chat chatbot and support continued development of its large language mo...

Microsoft, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s b...

Binance and MGX said in statements posted on their website that the investment was made in stablecoin - a type of cryptocurrency pegged to ...

Elon Musk was among the first to question the funding for the project, claiming that the drivers, including Microsoft and SoftBank, "don't ...

OpenAI CEO Sam Altman is visiting the UAE to discuss raising $40 billion with Abu Dhabi's MGX, aiming to fuel AI development and compete wi...

BlackRock and Microsoft are set to launch a $30 billion fund to invest in AI infrastructure, including data centers and energy projects. Th...

The emirate on Monday unveiled the company called MGX, led by sovereign wealth fund Mubadala Investment Co. and AI firm G42 as foundational...