CoreWeave raises $2.3 billion in debt collateralized by Nvidia chipsCOREWEAVE-FUNDING/CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips
03 Aug, 2023, 06.42 PM IST
Elon Musk says xAI will examine universe, work with Twitter and TeslaElon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to "understand the universe."
15 Jul, 2023, 09.36 AM IST
AI company Runway valued at $1.5 billion in latest fundingRunway's software allows users to transform or tweak existing videos or create new videos by using text prompts or images. The company also...
29 Jun, 2023, 10.01 PM IST
Top ex-Google AI researchers raise $8 million in funding from Thrive CapitalThrive Capital had led the round in Essential AI, founded by Ashish Vaswani and Niki Parmar. The company is still in stealth mode and hasn'...
04 May, 2023, 05.56 PM IST
Elon Musk, experts urge pause on training AI systems more powerful than GPT-4Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training systems more...
29 Mar, 2023, 01.24 PM IST
Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-outInvestors in SVB's stock fretted over whether the capital raise would be sufficient given the deteriorating fortunes of many technology sta...
10 Mar, 2023, 09.19 AM IST
AI startup Cohere in talks to raise funding at $6 billion plus valuationToronto-based Cohere, established by former researchers at Alphabet in 2019, has quickly risen through the AI startup ranks given their int...
06 Feb, 2023, 06.19 PM IST
Deal partner for Trump's Truth Social fails to get backing for SPAC extension: reportDigital World needs 65% of its shareholders to vote in favor of the proposal to extend its life by 12 months for the move to become effecti...
06 Sep, 2022, 05.23 PM IST
Sam Bankman-Fried's FTX says no talks to acquire Robinhood"There are no active M&A conversations with Robinhood," Bankman-Fried said in an emailed statement."We are excited about Robinhood's busine...
28 Jun, 2022, 07.40 AM IST
Why Twitter has ignored Elon Musk's 'trolling'Twitter has not taken any legal action against Elon Musk over what it sees as his "trolling" of the deal, and plans to do so only if he doe...
17 May, 2022, 02.38 PM IST
SoftBank-backed Fetch Rewards raises $240 million in funding roundThe fresh capital, consisting of both equity and debt, came after the app doubled its active users base in the past year to 13 million, und...
07 Apr, 2022, 09.37 AM IST
Intuit to buy Mailchimp in its biggest ever acquisition yetIntuit Inc., known for its small-business accounting and do-it-yourself tax-filing software, will acquire digital marketing company Mailchi...
14 Sep, 2021, 12.30 PM IST
IBM to acquire software provider Turbonomic: ReportThe transaction is IBM's 11th acquisition since Arvind Krishna became CEO last year
29 Apr, 2021, 09.17 PM IST
US tech companies use their expensive stock to pay for acquisitionsClose to half the US deals in the sector included a stock consideration last year, the highest percentage since 2016, versus only 27% in 20...
25 Mar, 2021, 05.00 PM IST
Coupang surges to over $100 billion valuation after $4.6 billion IPOCoupang share price soared 81% to open at $63.50 apiece on the NYSE. This after South Korea's largest e-commerce firm sold 130 million shar...
12 Mar, 2021, 12.01 AM IST
Amazon tests screening new merchants for fraud via video calls in pandemicThe world's largest online retailer has long faced scrutiny over how it polices counterfeits and allegedly unsafe products on its platform....
27 Apr, 2020, 08.35 AM IST