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  1. Anthropic files for IPO even as losses surge to $80B

    YourStory RSS Feed ·

    Anthropic, one of the leading artificial intelligence (AI) companies and operating the large language model - Claude, has filed for an initial public offering (IPO) as it goes closer to become a publicly listed company. The company will...

  2. DPI closes $112 million Nclude fund with 93% of capital from Africa

    TechCabal ·

    DPI Venture Capital, the early-stage arm of Development Partners International—a private equity firm managing more than $3 billion in assets across Africa—has reached a final close of over $112 million for its Nclude Fund. Ashley Lewis,...

  3. Tesla gave up the EV crown. Now it wants to win the autonomy race

    Ars Technica ·

    Elon Musk’s “flying” Roadster jumped and flipped through the air this month in a stunt that went viral around the world. But his bigger bet is on changing the way Tesla makes money—and the wider car industry is scrambling to catch up....

  4. Summit Africa exits Custom Capital Finance

    Innovation Village | Technology, Product Reviews, Business ·

    South African fund manager Summit Afr ica has successfully exited its investment in Custom Capital Finance , disposing of its 51% stake to a consortium led by SAAD Investment Holdings. The transaction marks the end of Summit Africa’s...

  5. Exclusive: axiTrust To Raise $5 Mn From Argor.vc, Others

    Inc42 Media ·

    Fintech startup axiTrust is in talks to raise around $5 Mn in fresh capital in its Series A funding round, people aware of the matter told Inc42 on the condition of anonymity. The fresh round is likely to be led by Singapore based...

  6. Getty Images Files For US Bankruptcy, Advances Restructuring Plan

    Slashdot ·

    Reuters reports: Last week, Getty announced plans to file for bankruptcy, marking a major reset after its planned merger with rival Shutterstock collapsed under the weight of heavy debt and growing competition from AI-generated imagery....

  7. Matiks raises $10M in pre-Series A round led by General Catalyst

    YourStory RSS Feed ·

    Bengaluru-based social gaming platform Matiks has raised $10 million in a pre-Series A funding round led by General Catalyst. The round also saw participation from entrepreneur Ronnie Screwvala and existing investors Info Edge Ventures,...

  8. Private equity giant: AI payoff strictly limited to Big Tech

    The Register ·

    AI has yet to deliver any financial payoff to US businesses outside of the tech sector, according to investment biz Apollo Global Management. The global asset firm made the claim in a posting to its Daily Spark blog that features...

  9. New iPad Mini Available in Just Two Colors

    MacRumors ·

    Apple's new iPad mini comes in just Midnight and Starlight, cutting the number of available finishes in half compared with the previous two generations. The outgoing A17 Pro model, introduced in 2024, offered Blue, Purple, Starlight,...

  10. Revolut Expands UK Banking Business With Personal Loans

    PYMNTS.com ·

    FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans offering allows users to borrow...

  11. Sancode Acquires Cirtek for $20.2m to Boost Semiconductor Plant

    Electronics For You BUSINESS ·

    The firm buys Philippines-based OSAT provider to bolster packaging capabilities and accelerate its Odisha manufacturing facility. Sancode Semi is set to acquire 100 per cent of Philippines-based Cirtek Electronics Corporation (CEC) for...

  12. The Download: everyday AI harms and the race to nuclear spaceflight

    MIT Technology Review ·

    This is today’s edition of The Download , our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Opinion: The focus on AI safety disasters ignores everyday harms —Sam Hiner, cofounder of the...

  13. Anthropic is said to plan public filing for Mega-IPO Monday

    Tech-Economic Times ·

    Anthropic PBC plans to file for an initial public offering in New York on Monday morning. The artificial intelligence model maker is expected to begin its marketing efforts by November 9. The anticipated IPO aims to rival the size of...

  14. Pronto Founder Enters Physical AI Space With Provision Labs

    Analytics India Mag ·

    Anjali Sardana, founder and chief executive of Indian household services startup Pronto, has launched Provision Labs, a San Francisco-based venture focused on data infrastructure for artificial intelligence (AI) systems that perform...

  15. The ASUS ROG Xbox Ally X20 is the best (and priciest) Ally yet

    Android Authority ·

    Last year, ASUS and Microsoft teamed up to release the ROG Xbox Ally and ROG Xbox Ally X. The handheld gaming PCs were Microsoft’s first real push into the space, debuting a new full-screen Xbox interface to help bridge the gap between...

  16. CScale exits Stealth with $145m funding for gigawatt-scale AI

    Electronics Weekly ·

    CScale, a Palo Alto startup for optical interconnects, has exited stealth mode with the announcement of $145 million in Series C funding. Nvidia and Intel Capital were among the investors. […] The post CScale exits Stealth with $145m...

  17. The U.S. invests in semiconductor research and development

    Tahawul Tech ·

    Commerce Department recently allocated $389 million in R&D funding to four companies working on semiconductor development. This action was in alignment with the government’s CHIPS and Science Act. In a statement, commerce secretary...

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