A recent stock market rally hasn’t made American venture investors any less cautious. That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data showing around $37.5 billion of deals made in the quarter ending Sept. 30, down almost 32% from the prior quarter....
Japan’s SoftBank is reportedly planning to invest in OpenAI’s multi-billion dollar funding round. The $500 million investment would come from the bank’s Vision Fund, The Information reported Monday (Sept. 30), citing a source familiar with the matter. The news follows recent reports that OpenAI was in talks...
A newly formed coalition of tech and finance titans is betting $100 billion that artificial intelligence (AI) could alter global trade infrastructure, launching an ambitious plan to build a network of AI-ready data centers that could reshape how businesses operate worldwide. The Global AI Infrastructure...
From boosting cloud gaming performance to enabling player-created content and lifelike characters, artificial intelligence (AI) opens up fresh possibilities for developers and gamers alike. AI Computing Partnership Aims to Boost Gaming Performance in the Cloud A new partnership between two UAE-based technology firms seeks to...
July 11, 2024
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced […]
October 10, 2024
A recent stock market rally hasn’t made American venture investors any less cautious. That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data showing around $37.5 billion of deals made in the quarter ending Sept. 30, down almost 32% from the prior quarter. A lack of liquidity has caused investors to seek tougher […]
September 30, 2024
Japan’s SoftBank is reportedly planning to invest in OpenAI’s multi-billion dollar funding round. The $500 million investment would come from the bank’s Vision Fund, The Information reported Monday (Sept. 30), citing a...
September 15, 2024
OpenAI’s $150 billion valuation will reportedly depend on whether it can change its corporate structure. That’s according to a report Saturday (Sept. 14) by Reuters, citing sources with knowledge of...
September 12, 2024
MGX, a United Arab Emirates (UAE) state-backed technology investment company, is reportedly considering participating in a multibillion funding round for OpenAI. The fund has not determined the size of its potential investment,...
