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X-Energy sold 44.3 million Class A shares at $23 each, above the $16–$19 marketed range, and began trading on Nasdaq under the ticker XE on 24 April. The company has $1.8 billion in prior private capital, a $500 million Amazon-led Series C-1, and a binding commitment from Amazon to buy up to 5 gigawatts of […]
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Amazon-backed nuclear startup X-Energy raises $1.02 billion in IPO Read More »
Cohere’s shareholders will receive approximately 90% of the combined entity; Aleph Alpha’s shareholders approximately 10%, making this effectively a Cohere acquisition in merger framing. The German government is set to become an anchor customer. Both digital ministers attended the Berlin announcement. Cohere, the Toronto-based enterprise AI company, and Aleph Alpha, the Heidelberg-based German AI startup, […]
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Secondary share trading platforms are pricing Anthropic at approximately $1 trillion, just three months after its primary fundraising round valued it at $380 billion. OpenAI is trading at $880 billion on the same platforms, a meaningful reversal of the previous order. The valuations are not primary rounds and carry no guarantee of liquidity. Anthropic, the […]
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Anthropic reportedly hits $1 trillion implied valuation on secondary markets Read More »
Sam Altman’s Orb Company Promoted a Bruno Mars Partnership That Doesn’t Exist Read More »