Mistral AI logo is displayed on a mobile phone screen. Anadolu | Getty Images Nvidia-backed Mistral AI clinched a 11.7 billion-euro ($13.8 billion) valuation in a in a Series C funding round that saw Dutch chip equipment maker ASML secure a major stake in the French firm. ASML pumped 1.3 billion euros in Mistral AI’s…
A smartphone with the logo of U.S. artificial intelligence company Cognition AI Inc. Timon Schneider | SOPA Images | Sipa USA | AP Cognition, the artificial intelligence startup that acquired Windsurf in July, said on Monday that it closed a $400 million funding round at valuation of $10.2 billion, which includes the fresh capital. The…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Shares of Nebius Group soared more than 60% in extended trading on Monday after the provider of Nvidia graphics chips for training artificial intelligence models said it’s signed an agreement with Microsoft worth up to $19.4 billion over five years. Nebius, which is based in…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images An ex-Meta employee sued the social media company on Monday over allegations that its WhatsApp messaging service contained “systemic cybersecurity failures” that potentially compromise user privacy. Attaullah Baig, WhatsApp’s former head of security, alleged that Meta retaliated against him after he notified leaders, including CEO…
The StubHub logo is seen at its headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is aiming to raise as much as $851 million in its initial public offering, giving it a valuation of up to $9.2 billion, the company revealed in a new filing on Monday. The ticket reselling…
Daniel Ives, Wedbush Securities Scott Mlyn | CNBC Wedbush Securities’ Dan Ives is joining a new company focused on accumulating Worldcoin (WLD), the native token of the blockchain used in Open AI creator Sam Altman’s biometric identity verification startup, World. Eightco Holdings, a tiny company that currently trades on the Nasdaq under the ticker “OCTO,”…
The Sizewell A and B nuclear power stations, operated by Electricite de France SA (EDF), in Sizewell, UK, on Friday, Jan. 26, 2024. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images LONDON — Surging power demand has reignited interest in nuclear energy, but vast capital requirements and an uncertain political and…
Current CEO of Hewlett Packard Enterprise Antonio Neri rose from call center agent at the company to chief executive officer. Doug McMillon, Walmart CEO, started off with a summer gig helping to unload trucks. It’s a similar story for GM CEO Mary Barra, who began on the assembly line at the automaker as an 18-year…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak…
