Immutable Cuts Game Teams to Bet on AI Marketing Platform
Web3 gaming unicorn Immutable cut 29 roles and gutted its in-house game studios to focus on Audience, an AI marketing platform for the broader games industry.
Startups & Investment
Coverage of funding rounds, IPOs, mergers and acquisitions shaping the next wave of tech companies. Discover how venture capital, private equity and corporate investors identify opportunities, back innovators and influence market dynamics. This category offers a window into the business side of emerging technology and entrepreneurship.
SK Hynix Files to Raise $29 Billion in Nasdaq ADR Listing
SK Hynix filed to raise about $29 billion through a Nasdaq ADR listing set for July 10, roughly double earlier estimates, to fund its AI memory expansion.
Qualcomm to Acquire AI Software Startup Modular to Challenge Nvidia
Qualcomm agreed to acquire Modular, the AI software startup led by Chris Lattner, to build a hardware-agnostic software layer and challenge Nvidia in data center AI.
ByteDance Seeks $20 Billion Loan to Fund Its AI Buildout
By
Samantha Reed
• 3 mins read
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
Google Invests $75 Million in A24 for DeepMind Filmmaking Partnership
By
Samantha Reed
• 3 mins read
Google is investing about $75 million in indie studio A24, pairing it with DeepMind to build AI filmmaking tools in its first stake in a studio.
Mistral in Talks to Raise €3 Billion at €20 Billion Valuation
By
Samantha Reed
• 3 mins read
Mistral’s reported €3 billion round would fund a 1-gigawatt European compute buildout, yet leaves the OpenAI rival far smaller than US and Chinese rivals.
SpaceX Shares Expected to Open 29% Above IPO Price in Nasdaq Debut
By
AIstify Team
• 1 min read
SpaceX shares are expected to begin trading around $171 on Nasdaq, nearly 29% above the company’s IPO price of $135 per share.
SK Hynix Targets $14 Billion US Listing as Early as August
By
Olivia Grant
• 3 mins read
SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount
Anthropic Launches Claude Corps, a $150 Million Nonprofit AI Fellowship
By
Samantha Reed
• 3 mins read
Anthropic committed $150 million to Claude Corps, a fellowship paying 1,000 early-career workers to spend a year embedding AI in US nonprofits.
SpaceX Pitches Vertically Integrated AI Stack, Including Data Centers in Orbit
By
Samantha Reed
• 3 mins read
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.
SpaceX Raises $75 Billion in Largest IPO on Record
By
Maria Konash
• 4 mins read
SpaceX IPO sold 555.6 million shares at a fixed $135, nearly tripling the prior record as heavy demand bets on Musk despite steep losses and no path to profit.
Bezos’s Prometheus Raises $12 Billion at $41 Billion Valuation
By
Ethan Caldwell
• 3 mins read
Jeff Bezos’s industrial AI startup Prometheus raised $12 billion at a $41 billion valuation, emerging from stealth to build AI for engineering and manufacturing.
OpenAI Employees Cash Out $6.6 Billion in Record Share Sale
By
Samantha Reed
• 3 mins read
More than 600 OpenAI employees sold a combined $6.6 billion in shares in October, marking one of the largest pre-IPO payouts in Silicon Valley history.
Lovable Surpasses $500M ARR as Vibe Coding Demand Grows
By
Samantha Reed
• 2 mins read
European AI app-building startup Lovable has surpassed $500 million in annualized revenue run rate, up from $400 million reported in February 2026.
OpenAI Files Confidential IPO as Anthropic and SpaceX Race to Market
By
Samantha Reed
• 4 mins read
OpenAI has submitted a confidential S-1 filing with the SEC, joining Anthropic and SpaceX in a rare simultaneous push toward public markets by three of the most valuable private companies in the AI sector.