Your Trusted Source for Global and Local News About Economy
General Catalyst just led a $63M bet on India’s travel payments market Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, said the deal…
Imperagen raises £5 million to use quantum physics, AI on enzyme engineering Biotech company Imperagen announced on Thursday a £5 million ($6.7 million) seed round led by PXN Ventures, with…
Jensen Huang says he’s found a ‘brand new’ $200B market for Nvidia The next big thing for Nvidia will be CPUs for AI agents, $200 billion worth, CEO Jensen Huang…
Anthropic says it’s about to have its first profitable quarter Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter.…
Clouted wants to take the guesswork out of making short videos go viral The video clipping startup raised a $7 million seed round led by Slow Ventures. The video clipping…
xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over SpaceX's IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive…
Nvidia posts another record quarter, reveals $43 billion of holdings in startups Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow…
Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more. Elon Muks's xAI said it will buy $2.8 billion worth of natural gas turbines over…
Anthropic will pay xAI $1.25 billion per month for compute Elon Musk's xAI surprised the AI world when it made a deal to sell compute to Anthropic. Now we know…
Sam Altman makes ‘mic drop’ offer to every Y Combinator startup Altman offered to have OpenAI invest in every single startup in this Y Combinator class: tokens for equity. Altman…