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.
Palantir and Lumen Technologies have entered a multi-year, $200 million partnership to deliver enterprise AI services using Palantir’s Foundry and AIP platforms.
Neobank Revolut has acquired Berlin-based AI travel agent start-up Swifty, integrating its conversational booking technology into Revolut’s loyalty and lifestyle platform for over 65 million users.
Andrew Tulloch, co-founder of the $12 billion AI startup Thinking Machines Lab, has joined Meta after previously rejecting what reports described as a $1.5 billion offer — a figure Meta has since called ‘inaccurate and ridiculous.’
AI presentation startup Prezent has raised $30 million to acquire services companies and integrate domain expertise into its enterprise communication platform, beginning with Prezentium.
Elon Musk’s AI startup xAI is reportedly raising up to $20 billion, with Nvidia committing as much as $2 billion in equity. A significant portion of the funding is tied directly to acquisition of Nvidia GPUs.
OpenAI’s computing agreements have now surpassed $1 trillion, spanning deals with AMD, Nvidia, Oracle, and more – a milestone that underscores the capital intensity driving AI infrastructure expansion.
AstraZeneca has signed a $555 million milestone-based partnership with Algen Biotechnologies to deploy AI and CRISPR gene-editing together for immunology drug discovery.
Microsoft has committed $33 billion to neocloud partnerships, including a $19.4B deal with Nebius, to secure GPU capacity and avoid looming AI infrastructure bottlenecks.
OpenAI has completed a secondary share sale worth $6.6 billion, letting current and former employees sell stock at a new $500 billion valuation — a milestone in the company’s funding strategy.
Elon Musk has broken new ground, achieving a net worth of $500 billion – the first time any person has ever crossed the half-trillion mark, according to Forbes.
AI search startup Perplexity has reportedly raised $200 million at a $20 billion valuation, just two months after a $100 million round – signaling its rapid rise as a major rival to Google.