Maria Deutscher
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SoftBank reportedly plans to spin off $100B data center construction venture
SoftBank Group Corp. reportedly plans to launch a publicly traded data center construction venture called Roze. The Wall Street Journal and the Financial Times broke the news late Thursday. They cited sources as saying that SoftBank hopes to take Roze public by year’s end at a valuation of about $100 billion. The stock listing is ...
Nvidia’s NVentures backs $150M round for medical AI startup Aidoc
Aidoc Medical Ltd., a startup with an artificial intelligence platform that helps doctors diagnose patients faster, has secured $150 million in funding. Goldman Sachs led the Series C round. Aidoc stated in its funding announcement today that Nvidia Corp.’s NVentures startup investment arm, General Catalyst and SoftBank Investment Advisors chipped in as well. The software ...
Rogo raises $160M to speed up financial analysis with AI agents
Rogo Technologies Inc., a startup using artificial intelligence to make financial professionals more productive, today announced that it has raised $160 million in funding. Kleiner Perkins led the Series D round. It was joined by Sequoia, Khosla Ventures, Morgan Growth Equity Partners and several others. Rogo provides an AI platform that can repetitive common day-to-day ...
Shares of Extreme Networks jump 28% on strong third-quarter results
Shares of Extreme Networks Inc. jumped more than 28% today after it posted better-than-expected third-quarter results and raised its guidance. The network equipment maker closed the three months ended March 31 with sales of $316.9 million. That represents a 11% year-over-year increase, slightly more than what analysts had expected. Extreme Networks’ quarterly profit also topped ...
Space technology startup True Anomaly raises $650M at $2.2B valuation
True Anomaly Inc., a startup that develops satellites optimized for maneuverability, has raised $650 million in late-stage funding. CNBC reported today that the Series D round values the company at $2.2 billion. The investment was led by Eclipse and Riot Ventures with participation from more than a dozen other backers. True Anomaly’s flagship product is ...
AWS brings OpenAI’s AI models and Codex programming assistant to its cloud
Amazon Web Services Inc. today made OpenAI Group PBC’s large language models available on its cloud platform. The algorithms are accessible through Amazon Bedrock alongside Codex, the ChatGPT developer’s programming assistant. In addition, AWS is rolling out a new offering called Bedrock Managed Agents. It’s designed to ease the task of building OpenAI-powered AI agents. “This ...
Chip stocks drop on report OpenAI missed ChatGPT growth targets
Shares of Nvidia Corp. and other tech firms dropped today following a report that OpenAI Group PBC had missed its growth targets last year. The Wall Street Journal late Monday cited sources as saying that the company’s 2025 user base gains and revenue fell short of expectations. OpenAI pushed back against the report, calling it ...
Ineffable Intelligence raises $1.1B at $5.1B valuation to build an AI ‘superlearner’
Ineffable Intelligence Ltd., a British artificial intelligence startup founded a few months ago, has raised $1.1 billion in seed funding. The investment values the company at $5.1 billion. CNBC reported today that Lightspeed Ventures and Sequoia Capital led the deal. They were joined by Nvidia Corp., Google LLC, the U.K’s Sovereign AI Fund, DST Global, Index ...
OpenAI and Microsoft revise the terms of their AI partnership
OpenAI Group PBC and Microsoft Corp. have revised several sections of the contract that governs their technology partnership. The update, which was announced today, is at least the third that the companies have made since the start of 2025. The partnership began in June 2019 with a $1 billion investment from Microsoft. Four years later, ...
China blocks Meta’s acquisition of AI agent developer Manus
The Chinese government today ordered Meta Platforms Inc. to scrap its acquisition of artificial intelligence startup Manus. The development comes about five months after the Facebook parent announced the deal. The transaction was reportedly valued between $2 billion and $3 billion. Manus develops an AI agent that can turn financial datasets into presentations, generate websites ...