River AI has raised $1.1bn, roughly four months after the company was incorporated. General Catalyst and AMP PBC led the round, with strategic investment from NVIDIA and AMD Ventures, and further money from Y Combinator and Temasek. The Palo Alto compa…
As Typhoon Dolphin bore down on China’s coast this week, the country’s bet on artificial intelligence to read the skies looked less like a research curiosity and more like national infrastructure. Extreme weather is intensifying, the cost of getting a …
Model ML, the London-founded AI automation startup for financial services founded by two brothers, has received equity investment from HSBC’s asset management arm, it said today. The new funding for a…
Nvidia to arrange financing from major financial institutions at attractive rates for customers seeking to build AI data centers.
Intel has announced a $15bn common-stock offering, a sale that could swell to as much as $20bn if underwriters take up their overallotment options. It is a bold move for a company that, not long ago, looked like a cautionary tale, and it shows just how…
Nvidia has recruited six of the largest names in finance to help turn its chips into something a bank can lend against. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build what it calls “com…
Lovable has become the first coding agent platform certified under AIUC-1, a security standard for AI agents that comes with something unusual attached: the certifying body also underwrites the risk. Customers using a certified agent are insured, throu…
Copenhagen-basedAI software startup Palette has raised €3 million in pre-seed funding to expandits platform for teams adopting AI across their organisations. The round wasled by Ugly Duckling Ventures…
In hundreds of simulations modelled on Fortune 500 companies with dozens of security tools, Corma tested leading AI models including GPT and Claude. First, the models attacked the simulated organisations and planted persistent threats. Then the same mo…
The Arena Group is renaming itself Paradium.AI. The publisher of TheStreet, Parade and Men’s Journal expects the change to finish by the end of August. Business Insider had it first. Steven Tweedie and Ben Shimkus obtained a staff memo from chief execu…