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France’s Pasqal is public, with $360M and a valuation of about 100 times revenue

Business, Digital Marketing, Europe, Investors and funding, Next Featured, Quantum tech, SEO Tips, Technology /

Pasqal began trading on Nasdaq on Friday under the ticker PSQL, five months after announcing it would go public through a special purpose acquisition company. Shares surged on the debut, according to Reuters. The merger with Bleichroeder Acquisition Corp. II closed on 27 August, a day after shareholders approved it, leaving the company with roughly […]

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Lovable has the .com now, and it belonged to an Italian lingerie brand

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If you type lovable.com into a browser now, you land on a vibe-coding platform valued at $13.3bn. If you had typed it a month ago, you would have landed on an Italian underwear company, which is the more interesting half of the sentence. We checked the domain on Friday, after seeing some reports, and the […]

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SoftBank seeks a second $10bn loan against its OpenAI stake

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SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not independently verified the report and could not review its full terms, so what follows sets the reported request against the […]

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Nvidia has paused parts of the revenue-sharing programme it launched in July

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Nvidia has halted some of the transactions under the financing programme it introduced eight weeks ago, in which it extends credit to AI cloud companies buying its chips and takes a cut of what those chips later earn, the Wall Street Journal reported on Thursday. The scheme was announced on 1 July, and it does […]

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Nvidia has paused parts of the revenue-sharing programme it launched in July Read More »

Anthropic planned a $7bn takeover of chip startup MatX, then walked away

Anthropic, Business, Digital Marketing, SEO Tips, Technology /

Anthropic got far enough into a plan to buy the AI chip startup MatX to have a number attached to it, roughly $7bn, before the deal stopped moving. Reuters reported the talks on Thursday, citing people familiar with them, and said the discussions have since evolved into a conversation about a partnership rather than an acquisition. Why […]

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OpenAI hires Meta’s Sandhya Devanathan to lead Southeast Asia and Australia

Artificial Intelligence, Business, Digital Marketing, OpenAI, SEO Tips, Technology /

OpenAI has hired Meta’s Sandhya Devanathan to lead Southeast Asia and Australia from October, covering consumer growth, enterprise adoption and regulatory engagement across markets of more than 600 million people. Its European expansion has centred on Dublin and Brussels. OpenAI has hired a Meta executive to run Southeast Asia and Australia. Sandhya Devanathan starts in […]

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Nvidia ships first H200 chips to China, but expects no data-centre revenue from them

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Nvidia shipped its first H200 processors to China under a new US licensing scheme, and they accounted for less than 1% of $89B in quarterly data centre revenue. Its $108B forecast for the current quarter assumes no data centre computing revenue from China at all. Nvidia has started shipping H200 processors to China and told […]

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Nvidia ships first H200 chips to China, but expects no data-centre revenue from them Read More »

Kevin Durant’s $250,000 Hugging Face bet is reportedly worth $60M

Business, Digital Marketing, Ecosystems, Investors and funding, SEO Tips, Technology /

Kevin Durant and his business partner invested $250,000 in Hugging Face’s early rounds and his payout is reported at around $60M if Nvidia’s $12.9B acquisition completes. Employees at late-stage European startups own roughly 10% of their companies against 20% in the United States. Kevin Durant put $250,000 into Hugging Face and may be about to […]

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Kevin Durant’s $250,000 Hugging Face bet is reportedly worth $60M Read More »

Rivian’s CFO is leaving after six years

Business, Cars, Digital Marketing, Electric vehicle, SEO Tips, Technology /

Rivian’s chief financial officer Claire McDonough is leaving at the end of October after nearly six years, to take the same role at energy equipment maker GE Vernova. Volkswagen, now Rivian’s largest shareholder, has committed up to $5.8B to their joint venture with much of it still tied to technical milestones. Rivian is losing its […]

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