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Chinese profits rose 25.7%. The CSI 300 fell 9% and the Star 50 fell 29%

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Profits at onshore-listed Chinese companies rose 25.7% in the three months to June, the fastest in nearly five years and heavily concentrated in AI-linked firms. The CSI 300 has fallen about 9% this quarter and the tech-heavy Star 50 has dropped 29%, as investors began treating AI spending as a cost rather than a promise. […]

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AI cloud firm Nscale seeking $3.5B in pre-IPO financing from Nvidia and Third Point

Artificial Intelligence, Business, Digital Marketing, Investors and funding, SEO Tips, Technology /

Nscale is in talks to raise up to $3.5B ahead of a US listing, including $1.5B of convertible notes led by Third Point and about $2B from Nvidia. It is briefing investors that its contracts total roughly $103B, most of the increase coming from a $45B Anthropic deal that Microsoft and Google both passed on. […]

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The nonprofit that investigated OpenAI’s rogue agents runs on a $36m grant. The next wave of that money is waiting on the AI IPOs.

Business, Deep tech, Digital Marketing, Investors and funding, Money, OpenAI, SEO Tips, Technology /

American philanthropy is about to absorb something in the region of $40bn a year in new annual spending from AI wealth, Coefficient Giving chief executive Alexander Berger told Semafor editor-in-chief Ben Smith in an interview published on Thursday. That is four or five Gates Foundations of yearly outlay, on his own comparison. The figure is conditional on […]

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The nonprofit that investigated OpenAI’s rogue agents runs on a $36m grant. The next wave of that money is waiting on the AI IPOs. Read More »

Novo Nordisk Foundation to build $62M quantum chip plant in Copenhagen

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

Europe is getting a factory for quantum chips rather than another quantum computer. Quantum Foundry Copenhagen, owned by the Novo Nordisk Foundation, is building a 5,300-square-metre facility in the Danish capital that is due to open in 2027 and will offer wafer fabrication to quantum companies around the world. The investment is about $62M, according […]

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T-Mobile’s Gopalan turns to home internet and AI after a 25% slide

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

T-Mobile US chief executive Srini Gopalan declined to comment on a possible merger with parent Deutsche Telekom, days after Elliott built a stake to oppose it. A full combination would put the holding company outside Germany and cut the German state and KfW’s joint holding from about 28% to roughly 17%. T-Mobile US chief executive […]

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ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it

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

ByteDance has landed a $29.6bn loan, the second-largest in Asia this year and roughly three times what the TikTok owner borrowed offshore in 2024. Banks put in more than $30bn of orders for a facility that started life at $20bn. The terms were first reported by Bloomberg. Citigroup and JPMorgan are coordinating the deal, which runs […]

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ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it Read More »

Wonderful raises $550M Series C at $5B valuation, led by Insight Partners with Salesforce

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Wonderful has closed a $550M Series C at a $5B valuation led by Insight Partners with Salesforce participating, eighteen months after being founded and six months after a $150M round at $2B. Its press release is datelined Amsterdam while Israeli technology press covers it as an Israeli company. Wonderful has raised $550M at a $5B […]

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Wonderful raises $550M Series C at $5B valuation, led by Insight Partners with Salesforce Read More »

Trump Jr’s fund 1789 Capital leads a $1bn round valuing Polymarket at $21bn

Digital Marketing, Investors and funding, SEO Tips, Technology, United States /

Donald Trump Jr is a partner at the fund leading Polymarket’s new funding round. He is also a strategic adviser to Kalshi, Polymarket’s principal competitor. 1789 Capital is putting about $300m into a round of roughly $1bn that values Polymarket at $21bn, Forbes reported. Other investors in the round have not been named. The firm was already […]

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Tim Draper, the SpaceX and Tesla investor, is selling his $7.9M private island in Tanzania

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

A Polymarket post says venture capitalist Tim Draper is selling his island in Tanzania for $7.9M because he does not use it enough, a claim TNW has not independently verified. The ECB reported this month that EU venture capital funds hold around 150B euros against roughly 930B euros in the United States. Tim Draper is […]

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Lambda inks $1B private debt for Nvidia chip deal

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Lambda has raised about $1B of private short-dated debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease, according to Bloomberg. The same structure funds Nebius, which borrowed $775M against its own chips and holds a five-year Microsoft contract worth $19.4B. Lambda has raised about $1B of private debt to buy Nvidia chips […]

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Lambda inks $1B private debt for Nvidia chip deal Read More »

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