Fund raising

MEPs Ramp Pressure For Second EU Chips Act

MEPs add to Commission pressure for second EU Chips Act amidst industry calls for renewed support for European semiconductor sector

1 day ago

Xiaomi Raises $5.5bn In Expanded Share Sale

Smartphone maker Xiaomi reportedly raises about $5.5bn in Hong Kong share sale as it invests heavily in move to electric…

1 day ago

Ex-Cruise Chief Vogt Raises $150m For Robotics Start-Up

Former Cruise chief executive Kyle Vogt reportedly raises $150m for The Bot Company at $2bn valuation, as investors rush to…

2 days ago

Northvolt Files For Bankruptcy In Sweden

After filing for bankruptcy protection in the US last year, struggling EV battery maker Northvolt files for bankruptcy in Sweden

2 weeks ago

China Creates High-Tech Fund To Support AI, Tech Innovation

After Trump's tariffs, Beijing creates state-backed fund to support domestic tech innovation and AI development

2 weeks ago

Siemens Confirms $285m Manufacturing Investment In US

German conglomerate Siemens confirms $285 million investment for manufacturing facilities in Texas and California

2 weeks ago

Mira Murati AI Startup Launches With Some Familiar Faces

Former OpenAI CTO Mira Murati launches her AI startup, 'Thinking Machines Lab', with poached researchers, engineers

1 month ago

DeepSeek Shows China Containment Is ‘Illusion’, Says Deutsche Bank

Success of China's DeepSeek helps spur broader interest in Chinese tech stocks, as investors reconsider AI business models

1 month ago

European Start-Ups Adopt DeepSeek To Cut Costs

European start-up executives say DeepSeek could make AI more accessible with services at fraction of cost of OpenAI

2 months ago

Trump Says Planned US Sovereign Wealth Fund Could Buy TikTok

US president orders creation of US sovereign investment vehicle, says it could buy China-owned TikTok as it faces national security…

2 months ago

US Probes DeepSeek National Security Implications

US officials investigating DeepSeek national security implications, amidst questions around privacy for AI start-up that rattled markets

2 months ago

Tech Giants Announce $500 Billion AI Plan In US

OpenAI, SoftBank, Oracle and others form joint venture called 'The Stargate Project' – to build $500 billion AI infrastructure in…

2 months ago

Google Invests $1 Billion in AI Startup Anthropic

More investment into OpenAI rival Anthropic, after Google reportedly makes fresh investment of more than $1 billion

2 months ago

UK Second Most Attractive Country For Investment, PwC Survey Finds

Global survey from PwC places United Kingdom ahead of China, Germany and India as most attractive country for investment

2 months ago

UK Tech Struggling To Innovate Under Labour, Survey Finds

Ayming research finds British tech firms are struggling to source suitable funding and skills – prompting calls for more government…

2 months ago

Anthropic Nears Deal For $2 Billion Amazon Investment – Report

More funding for AI startup Anthropic, after report that Amazon is to pump in additional $2 billion (£1.6 billion)

3 months ago

OpenAI Gives Details On For-Profit Shift

OpenAI to create public benefit corporation in Delaware in effort to put it on even footing with competitors, attract investors

3 months ago

SoftBank Promises To Invest $100bn In US

Japanese tech investment firm SoftBank promises to invest $100bn during Trump's second term to create 100,000 AI-related jobs

3 months ago

AI Start-Up Basis Raises $34m For Accountancy Agent

Start-up Basis raises $34m in Series A funding round for AI-powered accountancy agent to make up for shortfall in human…

3 months ago

Meta Donates $1 Million To Donald Trump Inauguration Fund

Weeks after CEO Mark Zuckerberg met with Donald Trump privately at Mar-a-Lago, comes news of donation to his inauguration fund

3 months ago

US Awards Micron $6.1 Billion From US Chips Act

Biden administration awards $6.1 billion subsidy from US Chips Act for Micron's Idaho and and New York plants

3 months ago

GM Kills Cruise Robotaxi Business, After Funding Is Pulled

General Motors kills Cruise robotaxi ambitions, after halting funding for the loss-making autonomous vehicle unit

4 months ago

Former OpenAI Researcher Raises $40m For AI Voice Start-Up

Former co-developer of voice mode for OpenAI's ChatGPT launches WaveForms AI to make AI voice interactions feel more intuitive

4 months ago

OpenAI Seeks To Remove Commercial ‘AGI’ Constraint

ChatGPT developer OpenAI reportedly discussing removal of provision that blocks Microsoft from accessing super-intelligent AI

4 months ago

Elon Musk’s xAI Closes $6bn Funding, Plots Colossus AI Supercomputer Expansion

SEC filing reveals that Elon Musk’s AI firm, xAI, has raised another $6 billion, as it pledges to expand Colossus…

4 months ago

Germany Shoulders €600 Million Of Northvolt Debt

Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt

4 months ago

Intel Says $7.86bn Grant From US Will Restrict Foundry Spin-off

Chip giant's plan for Intel Foundry to be spun off as independent subsidiary will be restricted after US government grant

4 months ago

OpenAI Allows Staff To Sell $1.5 Billion Stock To SoftBank – Report

SoftBank is to acquire more OpenAI shares, after the AI startup allows staff to sell their shares to Japanese tech…

4 months ago

Biden Administration To Loan Rivian $6.6 Billion For EV Factory

Consequence for Elon Musk? Biden administration provisionally agrees $6.6 billion loan to Rivian, so it can construct EV factory in…

4 months ago