Investors and funding

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Emerald AI raises $150mn at a $1.05bn valuation to flex data centre power

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A two-year-old company is now worth $1.05bn. It writes software that makes data centres use less electricity on demand. Emerald AI raised $150mn in an oversubscribed Series A, the company announced on Tuesday. Energize Capital and DCVC co-led it, and the round takes total funding past $220mn. The investor list is the tell. Nvidia, Siemens, […]

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Stability AI raises $76mn from Universal, Warner, Sony Music and EA

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The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76mn Series B. The company announced the round on Tuesday. The games publisher Electronic Arts joined it, alongside AMD Ventures and Pacific Alliance Ventures. […]

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Hivemind raises $17M from M&G as asset managers test tokenisation

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Hivemind Digital Group has completed a $17mn strategic funding round led by M&G Investments, the asset management arm of the British savings and investment group that ran £371bn of assets at the end of March. The round gives M&G a seat on Hivemind’s board and a position in a firm whose business sits between conventional […]

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Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips

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Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […]

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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

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

Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What each of them bought […]

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Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

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PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket as European regulatory pressure on Temu continues to build. Temu’s owner made more money than analysts expected and sold less than they hoped. PDD […]

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XPENG’s robotics arm has raised more than $900M ahead of its humanoid production run

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

XPENG said on Monday that its robotics business has raised more than $900M in what the company described as its first funding round, a substantial sum for a unit that has yet to sell a single robot commercially. The timing is deliberate, since the Chinese carmaker has committed to putting its IRON humanoid into mass […]

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GoWish, the Danish wishlist app, is valued at more than $200mn ater its last raising

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GoWish has raised fresh funding at a valuation of more than $200mn, according to Bloomberg, which reported the round on Monday. The company is one of the more unusual businesses to come out of Copenhagen’s startup scene, not least because it did not start as a startup at all. The app began life in 2015 as […]

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SoftBank plans record $6.3bn retail bond sale in Japan

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

SoftBank plans a record 1 trillion yen retail bond sale, about $6.3bn, the largest by any issuer in Japan, to fund investment commitments to OpenAI. Analysts say banks were reluctant to take the risk, leaving the deal dependent on retail investors. SoftBank has found a lender of last resort for its AI bet, and it […]

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Alibaba is raising $10.2bn and spending all of it on AI

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

Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI infrastructure and capabilities. It comes days after the company reported a 75% fall in quarterly net profit driven by that same spending. Alibaba is going to the market for money to spend on AI, […]

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