funding Archives

Unverified: Perplexity AI Enters Final Stage of New Funding Round, Business Valuation Surges to $9 Billion

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2 months ago
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The fervor in startup AI investment shows no sign of cooling down, with continuous reports emerging. Perplexity AI has reached the final stage of securing an additional $500 million in...

Unconfirmed: Enigma Unfolding as Perplexity Gears Up for Fresh Investment Injection at $8 Billion Business Valuation

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2 months ago
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The fervor of investments in artificial intelligence companies continues unabated. Most recently, The Wall Street Journal reported that Perplexity is currently in negotiations to secure funding from investors, with the...

Bolt announces 220 million euro revolving credit facility to bolster financial standing ahead of IPO

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8 months ago
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Bolt’s ride-hailing app in Estonia has announced a new round of funding of 220 million euros in the form of revolving credit, allowing the company to withdraw and repay funds...

Unverified: Elon Musk’s xAI Secures $6 Billion Investment from Investors, Business Valued at $18 Billion

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8 months ago
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Reports indicate that xAI, the artificial intelligence company owned by Elon Musk, has received funding totaling $6 billion from investors, with Sequoia Capital and Future Ventures being significant contributors. Following...

Unconfirmed: Samsung Could Receive Up to $7 Billion in Support for Chip Factory Establishment in the United States.

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9 months ago
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Reports indicate that Samsung Electronics is preparing to announce that the company has secured approval for funding of approximately 6-7 billion dollars from the United States government in the CHIPS...

Government support: Intel secures $8.5 billion under CHIPS Act.

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9 months ago
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The United States government has approved funding under the CHIPS Act to promote the establishment of chip manufacturing plants in the country. This time around, Intel will receive a maximum...

Receiving $1.5 billion funding under the CHIPS Act, GlobalFoundries secures major financial support.

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10 months ago
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The US government has approved a $1.5 billion funding under the CHIPS Act with GlobalFoundries to establish a chip manufacturing plant to meet the demand in the United States. Additionally,...

Elon Musk’s xAI Sparks Rumors as Investor Negotiations Blitz Raises Another Whopping $6 Billion

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11 months ago
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According to the Financial Times, Elon Musk’s xAI company is seeking to raise a whopping $6 billion in funding, surpassing the company’s valuation of $20 billion. This move is aimed...

Expansion of Chip Manufacturing Factories in Israel: Israeli Government Allocates $3.2 Billion in Intel Funds

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12 months ago
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The Israeli government has approved a whopping $3.2 billion in funding to support the expansion of Intel’s chip manufacturing facility. This project has a total investment value of $25 billion,...

Provocative Increment in Workforce Diminution: SiFive, Architect of RISC-V Chips, Initiates 20% Resignation Phenomenon

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1 year ago
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SiFive, the chip design company behind the RISC-V instruction set, has laid off 20% of its workforce, which previously consisted of over 500 employees. Despite recently unveiling two new CPU...