Tag Archives: CNBC

British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round

The investment highlights continued demand for high-powered computing infrastructure required to train and run powerful AI models.

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Early Revolut backer invests in AI-focused finance software startup Light

Danish startup Light wants to disrupt the decades-old world of corporate accounting software.

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China’s Xiaomi plans showrooms for 2027 EV launch in Europe, eyes local manufacturing later

Xiaomi plans to launch its electric vehicles in Europe in 2027 and is scouting for showroom locations.

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Nvidia’s investment in OpenAI will be in cash, and most will be used to lease Nvidia chips

Nvidia’s massive investment in OpenAI will come in tranches over time, and most of the money will go back to Nvidia.

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Instagram now has 3 billion monthly active users

Meta said that Instagram now has 3 billion monthly active users.

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Chinese giant Xiaomi challenges Samsung with new smartphones and appliances

Xiaomi launched the Xiaomi 15T series which consists of two smartphones — the Xiaomi 15T and Xiaomi 15T Pro — during a launch event in Munich.

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Trump’s H-1B visa changes could ‘kneecap startups,’ drive talent elsewhere, experts say

Experts say President Donald Trump’s changes to the H-1B program could deter startups from securing top foreign talent and drive those workers elsewhere.

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Alibaba shares rise over 6% after CEO unveils plans to boost AI spending

Alibaba shares surged to their highest point since 2021 after it announced plans to boost spending on artificial intelligence and unveiled new AI products.

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Tether reportedly seeks lofty $500 billion valuation in capital raise

The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said.

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Micron beats on earnings as company sales rise 46% on AI boom

Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.

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