OpenAI is reportedly trying to raise up to $100 billion at a staggering valuation of $830 billion. SoftBank’s Masayoshi Son is in talks to provide up to $30 billion of that, but funding it will be a huge stretch. Other investors may not be so eager to buy in at such a high price.
Ocado’s Canadian partner, Sobeys, is closing its automated warehouse in Calgary due to slower growth. This follows similar pullbacks from other partners and sent Ocado’s shares down nearly 9%. The company will get £18 million in compensation but lose future fee revenue.
A new report warns that OpenAI’s business model is fundamentally riskier than its tech giant rivals. Without a profitable core business, its massive spending plans could be unsustainable.
AI video avatar platform Synthesia has landed a massive $400 million Series E funding round. Investors include the venture arms of Google and Nvidia. The company plans to use the capital to enhance its platform and create new enterprise products focused on AI upskilling.
The corporate training AI platform just raised $200 million, nearly doubling its valuation to $4 billion. In a notable move, it’s facilitating a structured secondary sale so employees can get liquidity without an IPO.
The freewheeling era of the creator economy is ending. According to a Forbes analysis, the industry is headed for a major consolidation by 2026, driven by brands demanding reliability and creators seeking lasting business partners. This shift will reshape everything from talent management to marketi
Venture capital firm 2150 has closed its second fund at €210 million, bringing its total assets under management to €500 million. The firm focuses on startups reshaping cities and industrial systems to be more sustainable. Its portfolio of 27 companies now generates over $1 billion in revenue.
The wait for Apple’s high-end M5 Pro and M5 Max MacBook Pros just got longer. According to a new report, the updated 14-inch and 16-inch models aren’t expected until the first half of 2025. The delay may be tied to a major chip redesign aimed at solving the M-series’ growing heat issues.
Berlin-based vivanta has secured €2.5 million in Seed funding. The startup aims to modernize fragmented property management with its own automation and AI platform.
Elon Musk’s xAI is burning through cash at a staggering rate, with losses widening as it invests heavily in data centers and talent. The company’s goal is to develop AI that will eventually power humanoid robots like Tesla’s Optimus, but profitability remains a distant target.
