Tag: billion
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AI startup Wonderful’s valuation more than doubles to $5 billion in latest funding round
Sept 2 : Wonderful, an AI operating system provider for enterprise, said on Wednesday its valuation had more than doubled to $5 billion in less than six months as businesses increasingly adopted AI.The company raised $550 million in a funding round led by global software investor Insight Partners, with partic
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Dell shares gain after strong AI server demand boosts annual forecast
Sept 2 : Dell Technologies’ shares climbed nearly 10 per cent in premarket trading on Wednesday, as strong demand for its AI-optimized servers powered an increase in its annual revenue and profit forecasts.AI infrastructure companies have benefited from rising demand as tech firms and hyperscalers ramp up inv
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Dell again lifts annual forecasts as AI demand powers record results
Sept 1 : Dell Technologies on Tuesday boosted its annual revenue forecast by $25 billion while also raising its profit outlook for the second time this year, driven by soaring demand for its AI servers.Dell’s shares rose 7 per cent in extended trading.The servers, equipped with Nvidia’s chips, are soug
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Dell again lifts forecasts as AI demand powers record results
Sept 1 : Dell Technologies on Tuesday boosted its annual revenue and profit forecasts for the second time this year, driven by soaring demand for its AI servers from technology companies pouring billions into data centers.Shares of the Round Rock, Texas-based company rose around 8 per cent in extended trading
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Ares raises $4 billion for Japan logistics fund in unit’s largest fundraise
HONG KONG, Sept 1 : Ares Management, a U.S.-based investment firm, said on Tuesday its real estate arm has raised 612 billion yen ($4 billion) for its fifth Japan logistics development fund, marking the unit’s largest closed-end institutional fundraise to date.The fund, Japan Logistics Development Partners V
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Tariffs spat: Carney bets Canada can defy Trump
Canada is facing new US import penalties after Prime Minister Mark Carney refused to match US tariffs on China. Other countries are watching as the Trump trade clash turns into a fight over economic sovereignty.
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OpenAI issued warrants worth $5.5 billion in SB Energy, WSJ reports
Aug 31 : OpenAI was issued warrants worth an estimated $5.5 billion in power infrastructure firm SB Energy, the Wall Street Journal reported on Sunday, citing draft IPO documents reviewed by the Journal. Reuters could not immediately verify the report. SB Energy and OpenAI did not immediately respond to Reut
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Why social media addiction is so hard to regulate
Meta and other social media platforms face lawsuits alleging they foster addictive use among young people. Now regulators are struggling to rein in their engagement-driven business models.
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Exclusive-Anthropic in talks with chip start up MatX to speed up chip design, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Marvell raises annual forecasts, but shares fall as Google deal questions linger
Aug 27 : Marvell Technology failed to provide a meaningful increase to its long-term revenue outlook despite signing a major new AI chip agreement with Google, disappointing investors looking for evidence that the deal would accelerate growth sooner.The chipmaker’s shares slid over 6 per cent after hours on T
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