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France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.

France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.

Finance News

French President Emmanuel Macron greets journalists after meetings with guests at the Elysee Palace before the opening ceremony of the Paris 2024 Olympic Games in Paris, France, July 26, 2024. REUTERS/Yara Nard Yara Nardi | Reuters France’s artificial intelligence sector will receive 109 billion euros ($112.6 billion) of private investment in the “coming years,” President […]

France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S. Read More »

Anduril in talks to raise money at billion valuation as defense-tech booms

Anduril in talks to raise money at $28 billion valuation as defense-tech booms

Finance News

Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential.

Anduril in talks to raise money at $28 billion valuation as defense-tech booms Read More »

Hims & Hers faces scrutiny from lawmakers over ‘misleading’ Super Bowl ad

Hims & Hers faces scrutiny from lawmakers over ‘misleading’ Super Bowl ad

Finance News

The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City. Carlo Allegri | Reuters Hims & Hers is facing scrutiny from lawmakers over what they claim is a “misleading” advertisement for its weight loss offerings that’s slated to run during the Super Bowl

Hims & Hers faces scrutiny from lawmakers over ‘misleading’ Super Bowl ad Read More »

Trump delays cancellation of de minimis trade exemption targeting China imports

Trump delays cancellation of de minimis trade exemption targeting China imports

Finance News

Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images President Donald Trump signed an executive order on Friday that puts a pause on his closing of the de minimis trade

Trump delays cancellation of de minimis trade exemption targeting China imports Read More »

Elon Musk’s X faces criminal probe in France over algorithm manipulation concerns

Elon Musk’s X faces criminal probe in France over algorithm manipulation concerns

Finance News

French prosecutors on have opened an investigation into Elon Musk’s X over allegations that it distorted its algorithms to manipulate discourse taking place on the social media platform. The Paris public prosecutor’s office said it received a report from a French lawmaker on Jan. 12 criticizing X over “biased algorithms” that were “likely to have

Elon Musk’s X faces criminal probe in France over algorithm manipulation concerns Read More »

Affirm shares soar 16% on revenue beat, surprise profit during holiday period

Affirm shares soar 16% on revenue beat, surprise profit during holiday period

Finance News

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares jumped 16% on Friday after the buy now, pay later company topped Wall Street’s fiscal

Affirm shares soar 16% on revenue beat, surprise profit during holiday period Read More »

Softbank set to invest billion in OpenAI at 0 billion valuation, sources say

Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say

Finance News

OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. Carlos Barria | Reuters SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion

Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say Read More »

DeepSeek has rattled large AI players — but smaller chip firms see it as a force multiplier

DeepSeek has rattled large AI players — but smaller chip firms see it as a force multiplier

Finance News

DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup. Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather

DeepSeek has rattled large AI players — but smaller chip firms see it as a force multiplier Read More »

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