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EIGHTFOLD AI VALUATION
AI era: Chipmakers Micron and SK Hynix join the elite $1 trillion market cap clubThe global AI boom has transformed the semiconductor industry, pushing Micron and SK Hynix past the $1 trillion market value mark. Surging ...- SpaceX's nearly $2 trillion IPO is heavily banking on this one entity and it's top on Elon Musk's priority listSpaceX would join a small group of companies valued at $2 trillion, most of which have steady revenue and strong profits.
- SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI visionInvestors are betting big on SpaceX's IPO, valuing it at nearly two trillion dollars. The company aims to fund its ambitious AI plans with ...
- Meta falls behind as Alphabet, Amazon outpace Facebook-parent in AI shift during earningsTech giants, including Google-parent Alphabet, Amazon, Microsoft, and Meta, announced their quarterly earnings on Wednesday, with the Faceb...
- BlackRock's Fink warns AI boom could widen wealth divide without broader participationBlackRock's CEO Larry Fink warned on Monday the artificial intelligence boom risks widening the wealth gap unless more individuals share in...
- Elon Musk breaks the $800 billion barrier after SpaceX–xAI mega mergerElon Musk has achieved a historic financial milestone. His net worth has now crossed $800 billion. This surge is due to a significant merge...
- Elon Musk breaks records with staggering fortune surge, net worth hits new peakElon Musk became the world’s richest person after his net worth passed $500 billion. Most of his money comes from Tesla shares, while Space...
- Iren stock surges over 12% after Bernstein raises price target amid AI cloud pivotIren stock saw a significant rise. Wall Street analysts have increased the stock's price target. This follows Iren's move into the AI cloud...
- Nvidia surges past Apple and Microsoft to become most valuable firm globallyThe company recorded a market capitalisation of $3.92 trillion on Thursday, surpassing Apple’s previous all-time high of $3.915 trillion se...
- Nvidia-backed cloud firm CoreWeave to acquire AI developer platform Weights & BiasesThe deal will combine CoreWeave's infrastructure and managed cloud services with Weights & Biases' platform, which is used for AI model tra...
- World’s richest people lose $108 billion after DeepSeek selloffThe world’s top 500 wealthiest individuals faced a combined loss of $108 billion due to a tech-led selloff initiated by Chinese AI develope...
- Epiq Capital leads $16.5 million funding round in edtech startup BhanzuEdtech startup Bhanzu will use the funds to expand its presence in the US and to invest in generative artificial intelligence (Gen AI).
- AI boom reshapes Wall Street as TSMC joins trillion-dollar clubThe entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI r...
- AI boom reshapes Wall Street as TSMC joins trillion-dollar clubThe entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI r...
- ETtech Deals Digest: Startup funding soars to $748.5 million this weekStartups raised $748.5 million in the third week of June, with Mumbai-based Zepto securing $665 million. This marked an eightfold increase ...
- Unpacking Go Digit’s earnings; PEs in IPO-bound firmsGo Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.
- It’s hardware — not software — that is again emerging as the dominant species in the AI ageAs the age of IT and software gives way to AI, there are declarations of how AI is eating software. It seems that new emerging titans like ...
- Alibaba leads record $1 billion investment in Chinese AI firm MoonshotFounded in March 2023, Moonshot AI is among the better-known startups developing generative artificial intelligence in China, hoping to eve...
- India leading country of origin for immigrant-founded US unicorns: NFAP studyThe study - Immigrant Entrepreneurs and US Billion-Dollar Companies - found that 66 companies with a valuation of over $1 billion were foun...
- Eightfold AI valued at $2 billion after raising $220 million from SoftBank, othersEightfold AI, a talent management platform, will use the funds to continue the growth and development of its AI-powered talent intelligence...
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