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The May bid was €33 and landed below the close. Eight weeks later it is €41.50, with 14 markets carved out to a New York firm before anyone asks about competition. Uber has agreed to buy Delivery Hero for €41.50 a share in cash, a 26% improvement on the offer it put on the table […]
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Uber agrees $14.8bn Delivery Hero takeover, 26% above its May bid Read More »
No name. No product. No confirmed funding. And, possibly, a $2bn price tag. That is the shape of the newest bet in AI drug discovery. Miles Wang, a researcher at OpenAI, is leaving to start his own company, TechCrunch reported. He is in talks to raise about $200m at a $2bn valuation, with Lightspeed in […]
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An OpenAI researcher is leaving to build a $2bn AI drug startup that has no name yet Read More »
Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fast-rising star. Chai Discovery has raised a $400m Series C that values the San Francisco startup at $3.8bn, the company said. That […]
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Monumental has raised a $32m Series B led by Khosla Ventures, money it will spend putting more of its bricklaying robots on building sites in Britain and, for the first time, in the United States. Plural and Hummingbird, both backers of the company’s $25m round in early 2024, took part again. The Amsterdam company says the […]
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Dutch Monumental raises $32m led by Khosla to put more bricklaying robots on site Read More »
Lucid Motors stock fell more than 40% at one point on Tuesday and was halted for volatility multiple times after an EV-focused publication reported the company was considering going private or filing for Chapter 11 bankruptcy protection. The stock recovered some losses and closed down 16% at $4.62 a share. The report said Lucid asked […]
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France’s Pasqal is heading to Nasdaq at a $2bn valuation, roughly 100 times its revenue. Its own filings spell out two things. Quantum computing might never pay off. And Paris can veto who owns the company. Pasqal, the French quantum-computing firm, is going public in the United States. It is merging with a blank-cheque company, […]
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Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch Read More »
Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […]
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Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global Read More »
Tower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres are consuming faster than anyone can make them. The announcement, made with the backing of Japan’s […]
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Tower Semiconductor puts $3bn into Japan, and Tokyo is paying for a third of it Read More »
Intel is spending €5bn, or about $5.7bn, upgrading its campus at Leixlip outside Dublin, the company said on Monday. The money is not for a new fab. It is for getting more out of the ones already standing. The plan is to upgrade existing fabrication facilities, install leading-edge equipment, and extend the automated track system so […]
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Intel commits $5.7bn to Xeon production in Ireland Read More »
A shiny new VC firm named the AI pioneer as a partner on Friday morning. By Friday night, the fund did not exist. Yann LeCun has had a busy year. Now he has had a strange one. On Friday, a new venture firm called Extelligence Invest named the man often dubbed a “godfather of AI” […]
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Yann LeCun’s new VC fund lasted eight hours. Then it vanished Read More »