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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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a16z has raised $1.1bn to invest in the physical layer of AI

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

Andreessen Horowitz has closed a $1.1bn fund that will invest exclusively in hardware. The Machine Age Fund, announced on Friday, covers the physical layer artificial intelligence runs on, from chips to the buildings that house them. The mandate takes in chips, memory, networking and storage, and then keeps going. Complete systems qualify too, defined broadly […]

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a16z has raised $1.1bn to invest in the physical layer of AI Read More »

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

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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 »

SK Hynix breaks ground on a $4B memory packaging hub in Indiana

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

SK Hynix has broken ground on a plant costing more than $4B in West Lafayette, Indiana, its first US base for packaging high-bandwidth memory, with production due in the second half of 2029. Intel’s equivalent assembly and testing plant near Wroclaw was cancelled last year after state aid had been approved. SK Hynix has put […]

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SK Hynix breaks ground on a $4B memory packaging hub in Indiana Read More »

JPMorgan leads a $5B debt package for Volta’s AI data centre buildout

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

JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway leased from bitcoin miner Bitdeer. JPMorgan has started sounding out lenders for a $5B debt […]

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JPMorgan leads a $5B debt package for Volta’s AI data centre buildout Read More »

Nvidia is reportedly in talks to buy Hugging Face for $12.9bn

Digital Marketing, Investors and funding, nvidia, SEO Tips, Technology /

Nvidia has been in talks to acquire Hugging Face at a valuation above $13bn, according to Business Insider, days after reports that the open-model hub was exploring a sale at roughly that figure. The Information puts the process further along than that, reporting an agreed deal at $12.9bn, and Nvidia did not respond to a request […]

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Nvidia is reportedly in talks to buy Hugging Face for $12.9bn Read More »

Vanguard is acquiring Altruist, the AI custody platform it backed six years ago

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

Vanguard has agreed to acquire Altruist, an AI-driven custody and software platform for independent financial advisers that it first invested in during 2020, on undisclosed terms. Britain and the EU are addressing the same shortage of advice through rule changes rather than acquisitions. Vanguard is buying the platform it helped fund. It has agreed to […]

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Vanguard is acquiring Altruist, the AI custody platform it backed six years ago Read More »

Anthropic signs $45B compute deal with Britain’s Nscale

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

Anthropic has agreed to spend $45B over six years renting AI computing power from Nscale’s flagship West Virginia data centre development, covering about 460 megawatts. Nscale is a London company preparing a US listing as soon as next month. Anthropic has agreed to spend $45B renting computing power, and the landlord is British. The six-year […]

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Flipboard acquires Graze, the tool for building your own social algorithm

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

Flipboard has acquired Graze, a Portland startup that lets creators build, tune and monetise custom social feeds without writing code, mainly on Bluesky. Graze says it has delivered more than 41 billion posts to 12 million users since forming 21 months ago. Flipboard has bought the plumbing for custom social feeds. The company is acquiring […]

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PayRewards launches in America with $28M and a 1.75% fee to earn points

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

An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can earn something. The parent business is not speculative. Pay.com.au says it has processed more than $7bn […]

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PayRewards launches in America with $28M and a 1.75% fee to earn points Read More »

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