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DeepSeek to lead seed round in $400mn robot AI start-up, Bloomberg reports

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

DeepSeek has agreed to lead the first funding round for Winverse AI, a start-up building AI for robots, Bloomberg reported, citing people familiar with the matter. The seed round is worth tens of millions of dollars and would value Winverse at about $400mn after the investment. Meituan’s investment arm, Long-Z, has also committed, the people said. […]

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Nigerian fintech OPay files for New York IPO, Semafor reports

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Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. Earlier reports put its likely valuation at about $4bn. The company filed on 9 October, bne IntelliNews reported. It will trade under the ticker OPAY, and investors expect it to price in mid-November, Semafor said. OPay […]

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Nvidia in talks to buy Reflection AI or invest more, FT reports

Artificial Intelligence, Digital Marketing, Investors and funding, nvidia, SEO Tips, Startups and technology, Technology, United States /

Nvidia is in talks to buy Reflection AI or invest more in the US open-weight model developer, the Financial Times reported on Saturday, citing people with direct knowledge of the matter. TNW has not independently verified the report. The talks are at an early stage and could still fall apart, according to the FT. The […]

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EIF’s incoming chief says Europe’s Tech Champions funds hold 15 unicorns

Artificial Intelligence, Deep tech, Digital Marketing, Europe, Investors and funding, SEO Tips, Startups and technology, Technology /

Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe. You also must be able to scale in Europe. And that is really important […]

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Vittorio Colao defends copyright rules and the DSA in Europe’s AI debate

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Regulation is holding back AI in Europe, but not every rule in the same way, Vittorio Colao said. The former Vodafone chief executive, now vice chairman for Europe, the Middle East and Africa at General Atlantic, spoke on stage at Wave by Vento in Turin on Friday. Asked whether regulation is hindering AI in Europe, […]

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Ramp hits $60bn valuation in $1.85bn round, Bloomberg reports

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Fintech start-up Ramp has raised about $1.85bn at a valuation of roughly $60bn, Rebecca Torrence reported for Bloomberg, citing people familiar with the matter. Dragoneer Investment Group and Thrive Capital led the round, and Founders Fund also wrote a large cheque, the people said. The $60bn figure is before the new money is counted. $16bn […]

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Law firm Quinn Emanuel maps how AI data centre debt could unravel

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

A memo from US law firm Quinn Emanuel sets out how the debt behind the AI data centre boom could turn into a wave of lawsuits. Liz Hoffman reported that it was doing the rounds again this week for Semafor. The 20-page client alert was first published in March. It is unusual because it names specific […]

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Sam Altman says OpenAI will put its mission before its share price

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Sam Altman said OpenAI will put its mission ahead of its share price once it goes public, even if the stock “falls a lot”. The OpenAI chief executive said it in an interview with Vanity Fair, published on 5 October. Vanity Fair global editorial director Mark Guiducci recorded the conversation in San Francisco on 11 […]

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EA reportedly leans on a private rating as bondholders claim default

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

EA has obtained an investment-grade rating from Egan-Jones for a subset of its bonds, and is using it to argue it does not owe creditors a 101-cent payout after the largest leveraged buyout on record. Egan-Jones is under SEC investigation over whether commercial pressure shaped its ratings, and it is certified to operate in the […]

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Waymo closes a $5bn loan, its first debt deal, to fund robotaxi growth

Digital Marketing, Finance, Google, Investors and funding, Self-driving, SEO Tips, Technology, United States /

Waymo has closed a $5bn term loan, the first time the Alphabet-owned robotaxi company has raised money through debt. Pimco, Blackstone and Sixth Street led the loan, Waymo said on Thursday. The money will go into expanding Waymo’s driverless ride-hailing service across the US and abroad, according to the company. “Our strong momentum has enabled […]

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Waymo closes a $5bn loan, its first debt deal, to fund robotaxi growth Read More »

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