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OpenAI seeks $30bn at a $1.4tn valuation as revenue nears $70bn

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OpenAI is in early talks to raise at least $30bn at a valuation of around $1.4tn, before the new money. Bloomberg and The Information reported the talks on Tuesday. The round would give the ChatGPT maker fresh capital after it pushed back its stock market listing. Rebecca Torrence, Edward Ludlow and Shirin Ghaffary reported for […]

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PLD Space and CNES to study a second launch pad in French Guiana

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Today, the company announced that PLD Space had entered into an agreement with CNES, the French space agency, and that both parties were considering building a second launch pad for PLD’s rockets at the spaceport in French Guiana. They will examine whether the new pad can be accommodated at the ELM-Diamant site of the Guiana […]

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Osavul raises €8.5M Series A to expand hybrid threat intelligence

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Osavul, an AI startup that spots state-backed attacks before they happen, has raised €8.5M in a Series A round. 33N Ventures, a European cybersecurity fund, led the round, and it brings the total Osavul has raised to about €12m. Balnord, G+D Ventures and earlier backer 42CAP also put in money. Osavul now runs from London […]

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MuleSoft founder’s DIG Ventures closes $120M fund for AI infrastructure

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DIG Ventures, the London-based firm led by MuleSoft founder Ross Mason, has closed its third fund at $120M. Fund III will back around 30 European pre-seed and seed-stage startups that build software infrastructure for AI. Its institutional backers include Horsley Bridge, Sofina, Granite and an unnamed US university endowment. The founders of Slack, Datadog, Nord […]

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CScale exits stealth with $145m to stop laser failures stalling AI

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

CScale, a Palo Alto startup building optical interconnect for AI data centres, has come out of stealth with $145m in Series C funding. The round takes its total funding to $188m, the company said in a statement on Wednesday. Atreides Management led the round, with Valor Equity Partners and Premji Invest as co-leads. Sutter Hill […]

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Oura postpones its $2.2bn IPO, citing market uncertainty

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Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering. It said it is postponing “despite strong demand”, and gave no new date. Oura had planned to sell 50 million shares at $40 to […]

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ElevenLabs doubles its valuation to $22bn in a $300m share sale

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ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bought in for the first time. They are EQT, Goldman Sachs, Singapore’s GIC, Ontario […]

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Ascerta raises $18M from Dell’s venture arm to show which AI pays off

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Enterprise AI has moved from experimentation to a material line item. Companies can count tokens, licenses, agent runs and lines of AI-generated code. Yet many still cannot answer the question that determines what happens next: which AI initiatives are actually worth scaling. Ascerta was built to give them that answer. The company formerly known as […]

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Aspirity to buy majority stake in Danish IoT company Onomondo

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London-based private equity firm Aspirity Partners has agreed to buy a majority stake in Onomondo, a Copenhagen firm that runs its own network to connect machines and sensors. The deal, announced on Wednesday, is part of a combined investment of more than €100m. EIFO, Denmark’s state investment fund, is also adding to its stake. It […]

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Nvidia talks to insurers about loans backed by its AI chips, FT reports

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Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report. One idea would insure loans […]

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