Mira Murati’s Thinking Machines Lab is raising money again. The figure that travelled around the internet last week was the wrong one. The Information broke the story on 3 September. Its current version puts the raise at $5bn to $6bn, on a pre-money va…
Ultrahuman has raised $70m, and the pitch it made to get the money is not a better sleep score. The Indian company wants its smart ring to stop being a tracker and start running software. TechCrunch’s Jagmeet Singh reported the round first, with an int…
Oura filed to go public on Nasdaq on 3 September, and the coverage split within hours. Reuters reported that the smart ring maker had recently turned profitable. The Wall Street Journal told its readers the same. Bloomberg’s Subrat Patnaik led on a los…
Hon Hai reported August revenue of NT$921.8B, about $29.1B, up 52% year on year on AI server demand, well ahead of analyst expectations for the quarter. In June it signed a EUR 120M manufacturing partnership with Bull, the French state-owned computing …
Profits at onshore-listed Chinese companies rose 25.7% in the three months to June, the fastest in nearly five years and heavily concentrated in AI-linked firms. The CSI 300 has fallen about 9% this quarter and the tech-heavy Star 50 has dropped 29%, a…
Nscale is in talks to raise up to $3.5B ahead of a US listing, including $1.5B of convertible notes led by Third Point and about $2B from Nvidia. It is briefing investors that its contracts total roughly $103B, most of the increase coming from a $45B A…
Moonshot AI is considering raising up to $5bn in a Hong Kong initial public offering as soon as this year, Bloomberg reported on Friday. Dong Cao, Julia Fioretti, Pei Li and Luz Ding sourced the account to people familiar with the matter, who asked not…
American philanthropy is about to absorb something in the region of $40bn a year in new annual spending from AI wealth, Coefficient Giving chief executive Alexander Berger told Semafor editor-in-chief Ben Smith in an interview published on Thursday. Th…
Europe is getting a factory for quantum chips rather than another quantum computer. Quantum Foundry Copenhagen, owned by the Novo Nordisk Foundation, is building a 5,300-square-metre facility in the Danish capital that is due to open in 2027 and will o…
T-Mobile US chief executive Srini Gopalan declined to comment on a possible merger with parent Deutsche Telekom, days after Elliott built a stake to oppose it. A full combination would put the holding company outside Germany and cut the German state an…