Valuation

Twitter

Facebook

Copy Link

Top News

Zhipu AI secures $4 billion in Hong Kong as Chinese AI model developer accelerates spending

Zhipu AI raised approximately $4 billion through a Hong Kong share sale, pricing 19.78 million shares at a 13% discount. The AI model developer plans to use proceeds for research and development, compute infrastructure, and business expansion as China intensifies competition with U.S. firms like OpenAI in the race for AI dominance.

Business4 sources

Zhipu AI secures $4 billion in Hong Kong as Chinese AI model developer accelerates spending

Business4 sources

Lovable in talks to double startup valuation to $13.2B with $300M raise from Menlo Ventures

Swedish vibe-coding startup Lovable is negotiating to raise $300 million at a $13.2 billion valuation—exactly double what it achieved just six months ago. The company hit $500 million in annualized revenue in June with only 146 staff, cementing its position as one of Europe's fastest-growing AI companies. Menlo Ventures is expected to lead the round as vibe coding emerges as AI's most lucrative application.

Startups2 sources

Lovable in talks to double startup valuation to $13.2B with $300M raise from Menlo Ventures

Startups2 sources

Bank of America extends $520 million OpenAI loan as Wall Street races for AI IPO advisory roles

Bank of America has extended a $520 million credit line to OpenAI, marking its first loan to the ChatGPT maker ahead of its highly anticipated IPO. The move signals a strategic shift for the bank, which previously declined OpenAI's funding requests, and positions BofA to compete for advisory roles on what could become a trillion-dollar public offering.

Business6 sources

Bank of America extends $520 million OpenAI loan as Wall Street races for AI IPO advisory roles

Business6 sources

Palantir Stock Drops 4% as Investor Skepticism About AI Adoption Triggers Sector-Wide Selloff

Palantir shares fell 4.3% to $128.63 as investors sold high-valuation AI software stocks amid fresh doubts over the pace of AI adoption. Meta CEO Mark Zuckerberg's comments about slower-than-expected progress in AI agents triggered a broader rotation away from expensive technology stocks, while insider selling and bearish bets by Michael Burry added pressure.

Business2 sources

Palantir Stock Drops 4% as Investor Skepticism About AI Adoption Triggers Sector-Wide Selloff

Business2 sources

SambaNova raises $1B at $11B valuation, quintuples worth in months as AI chip race intensifies

AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation, roughly five times its worth from earlier this year. The Series F funding round, led by General Atlantic, comes as investors race to back alternatives to Nvidia for AI inference workloads. JPMorgan Chase has selected SambaNova as its inference infrastructure partner, signaling growing enterprise demand for secure, on-premise AI systems.

Startups8 sources

SambaNova raises $1B at $11B valuation, quintuples worth in months as AI chip race intensifies

Startups8 sources

Momenta Global debuts nearly flat in Hong Kong after raising $751 million in IPO

Chinese autonomous-driving software developer Momenta Global made a muted debut on the Hong Kong Stock Exchange after raising HK$5.89 billion ($751 million) in its IPO. The stock opened slightly above its IPO price before settling near flat, reflecting cautious investor sentiment toward Chinese AI firms despite strong backing from Mercedes-Benz, BlackRock, and other major investors.

Business3 sources

Momenta Global debuts nearly flat in Hong Kong after raising $751 million in IPO

Business3 sources

Penguin Solutions Posts Record Earnings, Raises Outlook as AI Infrastructure Demand Surges

Penguin Solutions delivered a record third quarter with revenue of $479 million, crushing analyst expectations by nearly $73 million. The AI infrastructure company posted earnings of 84 cents per share versus estimates of 54 cents, driven by memory solutions that more than doubled year-over-year. Management raised full-year revenue growth guidance to 22% from 12%, citing very strong agentic AI-driven customer demand.

Business4 sources

Penguin Solutions Posts Record Earnings, Raises Outlook as AI Infrastructure Demand Surges

Business4 sources

Chipmakers surge on AI spending hopes as investors look past Middle East tensions

Asian stocks rallied sharply on Friday, led by semiconductor shares rebounding on fresh AI investment announcements. SK Hynix raised $26.5 billion in its U.S. debut while Micron Technology pledged $250 billion through 2035, signaling sustained AI chip demand. Markets largely shrugged off escalating U.S.-Iran tensions despite risks to oil supplies through the Strait of Hormuz.

Business5 sources

Chipmakers surge on AI spending hopes as investors look past Middle East tensions

Business5 sources

Legal AI startup Norm AI raises $120M Series C, reaches $1.2 billion unicorn valuation

Norm AI has secured $120 million in Series C funding led by Khosla Ventures, propelling the legal AI startup to a $1.2 billion valuation. The New York-based company operates an AI-native law firm that deploys AI agents supervised by human attorneys, charging clients based on outcomes rather than billable hours. With clients managing over $30 trillion in assets, Norm AI is building supervisory AI agents that monitor other AI systems in regulated industries.

Startups7 sources

Legal AI startup Norm AI raises $120M Series C, reaches $1.2 billion unicorn valuation

Startups7 sources

Treasury Report Warns AI Bubble Could Trigger Economic Shockwaves and Threaten Retirement Savings

A draft US Treasury report reveals that an AI bubble collapse could ripple through stock markets, private credit, and retirement portfolios. Career analysts warn that AI firms are more deeply embedded in the economy than dotcom predecessors, with $750 billion in infrastructure spending at stake. The report highlights risks from electricity shortages, supply chain disruptions, and unmet productivity expectations.

Policy2 sources

Treasury Report Warns AI Bubble Could Trigger Economic Shockwaves and Threaten Retirement Savings

Policy2 sources

Morgan Stanley backs Kingsoft Cloud as pure AI cloud play with 64% upside potential

Morgan Stanley initiated coverage of Kingsoft Cloud with an overweight rating and $15 price target, representing 64% upside. The investment bank views the Chinese company as a pure AI cloud play, forecasting AI will contribute over 60% of revenue by 2028 as it transitions from a mid-tier commodity cloud provider.

Business2 sources

Morgan Stanley backs Kingsoft Cloud as pure AI cloud play with 64% upside potential

Business2 sources

SpaceX AI infrastructure bets on Earth-based compute while orbital plans remain years away

Wall Street analysts say SpaceX's near-term AI infrastructure value lies in terrestrial data centers, not orbital compute. The company's Colossus supercomputer deals with Anthropic and Google are expected to generate over $28 billion annually, far exceeding its launch and Starlink businesses. While Elon Musk touts orbital AI as transformative, analysts view it as a 10-years-plus opportunity dependent on Starship achieving rapid reusability and lower launch costs.

Business8 sources

SpaceX AI infrastructure bets on Earth-based compute while orbital plans remain years away

Business8 sources

Elon Musk's xAI officially rebrands as SpaceXAI, unveiling new logo and space AI ambitions

Elon Musk's AI venture xAI has completed its transformation into SpaceXAI, five months after merging with SpaceX. The rebranding includes a new logo and reinforces the company's ambitious vision to build orbital data centers in space. SpaceXAI now sits as a subsidiary under the publicly-traded SpaceX, which achieved a $2.1 trillion valuation following its June IPO.

Business3 sources

Elon Musk's xAI officially rebrands as SpaceXAI, unveiling new logo and space AI ambitions

Business3 sources

AI Costs Surge 10x Despite Token Price Drops as Companies Grapple With Usage Explosion

Companies are discovering that cheaper AI models don't automatically mean lower bills. While token prices have plummeted 55x since 2022, AI costs have surged 10x since January as employees consume tokens faster than prices decline. Tech giants like Amazon and Meta scrapped internal leaderboards after tokenmaxxing led to wasteful spending, prompting a industry-wide rethink of how to measure AI value.

Business10 sources

AI Costs Surge 10x Despite Token Price Drops as Companies Grapple With Usage Explosion

Business10 sources

ASML stock surges 123% as Bernstein raises price target to $2,623 on AI-driven semiconductor demand

Bernstein raises its ASML stock price target to $2,623, implying 48% upside, as AI demand drives unprecedented expansion in advanced logic and DRAM capacity. The firm forecasts EUV revenue will grow at 30% annually, reaching €42.7 billion by 2030, more than 30% above street estimates, positioning the semiconductor stock for continued gains.

Business2 sources

ASML stock surges 123% as Bernstein raises price target to $2,623 on AI-driven semiconductor demand

Business2 sources

Prev 1 2 345…38 Next