An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can ear…
Gatik has raised $200m in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. It is the largest financing in the autonomous trucking company’s history. Millennium Management, ARK Invest and Intact Private Capital also t…
American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the …
One company spent eight years cataloguing the worst material on the internet. It has now raised $140mn to point that archive at AI models. Alice, formerly ActiveFence, announced the round on Tuesday. Apax Digital Funds led it, and will take a board sea…
Anthropic is likely to tell IPO investors that its potential revenue opportunity runs above $30tn. That figure would top the $28.5tn SpaceX put in front of investors before its own record listing. Corrie Driebusch reported the number for The Wall Stree…
A two-year-old company is now worth $1.05bn. It writes software that makes data centres use less electricity on demand. Emerald AI raised $150mn in an oversubscribed Series A, the company announced on Tuesday. Energize Capital and DCVC co-led it, and t…
The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76mn Series B. The company announced the round on Tuesday….
Unitree’s shares have fallen roughly 45% from the peak they hit on their first day of trading in Shanghai. The slide has turned a national success story into an argument about how China prices its listings. The stock steadied on Tuesday after three con…
Hivemind Digital Group has completed a $17mn strategic funding round led by M&G Investments, the asset management arm of the British savings and investment group that ran £371bn of assets at the end of March. The round gives M&G a seat on Hivem…
Southeast Asia has 306 data centres running and 173 more in the pipeline, according to figures published on Tuesday. The capacity being planned is nearly four times what is already operating. Southeast Asia data centre investment will rise from $15.72b…