Google-backed AI drug discovery startup Isomorphic Labs secured a staggering $600 million in funding led by Thrive Capital, fueling its AI engine's development and advancing partnerships with pharmaceutical giants like Eli Lilly and Novartis worth billions to revolutionize drug design.
OpenAI secures a staggering $40 billion funding at $300 billion valuation led by SoftBank, Microsoft, Coatue, Altimeter, and Thrive, with $18 billion earmarked for Stargate AI data center infrastructure across the U.S.
Alphabet's AI drug discovery subsidiary Isomorphic Labs secures $600 million funding from Thrive Capital to accelerate development of its AI-powered drug design platform and advance its drug candidates into clinical trials, leveraging technology like DeepMind's AlphaFold.
OpenAI, the AI research company behind ChatGPT, has secured a staggering $40 billion in funding led by SoftBank, valuing the company at an unprecedented $300 billion, enabling it to accelerate AI research, expand compute infrastructure, and bolster its Stargate joint venture with Microsoft.
Agility Robotics raised a staggering $400 million to scale its humanoid robot Digit, fueling the race to automate physically demanding tasks across industries with its bipedal robot designed for real-world utility like package delivery and warehouse work alongside humans.
CoreWeave, a tech company initially eyeing a $30 billion IPO valuation, has scaled back its ambitions, now targeting a valuation closer to its $23 billion private market level and slashing its planned fundraising by half to $1.5 billion.
In a blockbuster $113 billion deal, Elon Musk's AI firm xAI has acquired the social media giant X (formerly Twitter), valuing xAI at $80 billion and X at $33 billion, with Musk claiming the merger will 'unlock immense potential' by fusing AI with X's global reach.
CoreWeave, an AI computing solutions provider, adjusted its IPO pricing amid market volatility, raising $1.5 billion at a $19 billion valuation by pricing shares at $40, below the expected $47-$55 range, to align with buyer interest amidst macroeconomic challenges.
Nvidia's substantial $250 million order for CoreWeave's AI chip-powered computing services is expected to bolster the latter's $40 per share IPO bid, signaling a potential revival for the sluggish IPO market.
The iconic Napster music sharing service from the 90s has been revived, acquired for $207 million by Infinite Reality to create immersive virtual worlds where music fans can attend concerts and listening parties together, aiming to revolutionize the streaming experience with community-driven 3D spaces.