Saudi Fund Invests In China’s Biggest AI Start-Up

Saudi Arabian investment fund Prosperity7 reportedly contributes to funding round for China's Zhipu AI as US tries to keep allies…

2 weeks ago

Elon Musk’s xAI In $6bn Funding Round Valuing It At $24bn

Elon Musk artificial intelligence start-up xAI concludes $6bn funding round valuing it at $24bn in coming weeks amidst heavy competition

3 weeks ago

Amazon Pumps Another $2.75 Billion Into Anthropic

Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding

3 months ago

Intel To Spend $100bn In US, After Biden’s $20bn Award

Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration

3 months ago

UK Joins EU’s Chip Research Program

UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'

3 months ago

Elon Musk Will Not Fund Candidates After Meeting Donald Trump

SpaceX CEO Elon Musk says he will not fund Joe Biden or Donald Trump in US Presidential election, after Trump…

3 months ago

Microsoft Investment In Mistral AI Prompts EU Scrutiny Calls

European lawmakers call for investigation after Microsoft this week made small investment in French startup Mistral AI

4 months ago

OpenAI’s Sam Altman Seeks Trillions To Overhaul Chip Industry – Report

Sam Altman reportedly seeking between $5 and $7 trillion to overhaul semiconductor industry to remove AI chip limitations

4 months ago

Disney To Take $1.5 Billion Equity Stake In Epic Games

Disney to collaborate with Epic Games on new content, and will sink a $1.5bn investment into the gaming giant

4 months ago

UK Government To Fund Two Semiconductor Research Hubs

Government to fund semiconductor research hubs in Bristol and Southampton, to help bring new chip tech to market

4 months ago

Biden Admin To Award $162m To Microchip Tech For US Chip Production

US Commerce Dept to provide $162 million to Microchip Technology to increase chip production in Colorado and Oregon

5 months ago

US Awards $35m To BAE Systems In First Chips Act Grant

BAE Systems US subsidiary to receive $35m in first Chips and Science Act award as Raimondo predicts multi-billion-dollar projects next…

6 months ago

Chinese AI Start-Up Achieves $1bn Valuation In Eight Months

Beijing-based AI start-up 01.AI, founded by computer scientist Kai-Fu Lee, valued at more than $1bn less than eight months after…

7 months ago

China To Launch $40 Billion State Chip Fund – Report

Sanctions response. New state-backed investment fund is to be launched that seeks to raise $40 billion for China's semiconductor sector

9 months ago

UK Launches £1 Billion FinTech Fund

FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing

10 months ago

Nvidia In Talks To Be Anchor Investor In ARM – Report

GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York

11 months ago

Government Sets Aside £150 Million For Full 5G Connectivity By 2030

Government investment to expand 5G coverage in UK, as Digital Poverty Alliance says connectivity is a necessity for everyone

1 year ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

1 year ago

Intel Seeks $5 Billion More In Subsidies For German Chip Plant – Report

Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government

1 year ago

Intel Now Seeks $10 Billion State Aid For German Factory – Report

Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory

1 year ago

EU Countries Agree 45bn Euro Chip Production Plan

European chip production subsidies. Agreement from EU countries to a 45-billion-euro ($46.6 billion) fund to encourage local chip production

2 years ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago

Meta Raises $10 Billion In Bond Offering

First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy…

2 years ago

Most Cyber Attacks Are Preventable, Says Tanium

Majority of board of directors will only approve new cybersecurity funding after a cyber attack has taken place, Tanium research…

2 years ago

Musk Secures $46.5 Billion Funding For Twitter Takeover

World's wealthiest man Elon Musk puts up $33.5 billion of his own money, as he readies for boardroom battle over…

2 years ago

Intel Selects German City For European Chip Factory – Report

US chip giant Intel reportedly selects Magdeburg in Germany for new European chip factory, although official confirmation is expected later…

2 years ago

Biden Earmarks $5bn For US Electric Vehicle Charging Stations

US government establishes $5 billion fund to help US states construct nationwide electric vehicle charging network across major transportation routes

2 years ago

US Carriers Ask FCC for $5.6bn For Chinese Kit Replacement

US carriers ask for billions more dollars than the $1.9 billion initially offered by the US to replace all Huawei…

2 years ago

US Legislation To Boost Chip Funding Set For House

US House of Representatives set to introduce bill on tech funding and domestic chip manufacturing, as EU advances own plan…

2 years ago