Start-up
British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round
A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France. Chesnot | Getty Images British artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe. Nscale, which is based in London, said Thursday […]
Read More
Early Revolut backer invests in AI-focused finance software startup Light
Key Points Light, a Danish financial software startup, told CNBC it has raised $30 million in a Series A funding round led by Balderton Capital. Founded in 2022, Light’s software uses artificial intelligence to automate businesses’ accounting, bookkeeping and financial reporting. The startup recently opened an office in London and is planning to open one […]
Read More
Microsoft adds Anthropic AI model to Copilot assistant, diversifying from OpenAI
Microsoft is the lead investor in OpenAI and has long been the artificial intelligence startup’s key cloud partner. But in the latest sign that AI relationships are getting complicated, Microsoft is beginning to use more technology from OpenAI rival Anthropic. The software giant said Wednesday that it’s starting to draw on an AI model from […]
Read More
Elon Musk’s xAI raising $10 billion at $200 billion valuation: sources
Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company […]
Read More
Notion rides AI boom to $500 million in annual revenue, but Microsoft competition looms
From left, Notion founders Akshay Kothari, Ivan Zhao and Simon Last. Notion OpenAI’s public launch of ChatGPT in November 2022 is widely viewed as the event that kicked off the generative AI boom, which remains the dominant theme in the tech industry almost three years later. Notion jumped on the bandwagon early. Two weeks before […]
Read More
Deliveroo founder Will Shu to step down as CEO after DoorDash takeover
Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its […]
Read More
Ten years after selling Periscope to Twitter, startup’s co-founder raises $40 million for Macroscope
Macroscope employees. Macroscope It’s been a decade since Kayvon Beykpour sold Periscope to Twitter for a reported $100 million, allowing the social media site to jump into livestreaming. Twitter shuttered Periscope in 2021, and the parent company, now called X and owned by Elon Musk, gravitated to a live events product called Spaces. Meanwhile, Beykpour, […]
Read More
Inside billionaire Lucy Guo’s intense daily routine: 5:30 a.m. wake-ups, double gym sessions, and no lunch breaks
Lucy Guo, founder and CEO of Passes. Passes Lucy Guo might be a billionaire, but instead of a life of luxury and comfort, she swears by a relentless work ethic and strict daily routine. At just 30 years old, the California-born-and-raised entrepreneur has achieved what many will spend their lifetimes chasing. In April, Guo’s net […]
Read More
Nvidia, Bill Gates-backed robotics startup FieldAI hits $2 billion valuation after recent raise
A FieldAI robot. Courtesy: FieldAI Bill Gates-backed Robotics startup FieldAI has raised $405 million in two funding rounds, with investments from Nvidia‘s venture capital arm and Amazon founder Jeff Bezos’ family office. The funding comes during an “aha moment,” founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point. “We […]
Read More
Databricks says it’s valued at over $100 billion in latest funding round
Ali Ghodsi, CEO of Databricks speaks on CNBC. CNBC Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance […]
Read More