Code generation tools startup, Cursor raises $2.3 billion at $29.3 billion valuation

NEW YORK: Artificial intelligence startup Cursor said on Thursday it has raised $2.3 billion in a funding round that values the company at $29.3 billion, a near-tripling of its valuation…

NNR November 13, 2025

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SoftBank to acquire ABB’s robotics division for $5.4 billion

SoftBank Group Corp. said Monday it has agreed to acquire the robotics division of Swiss engineering giant ABB Ltd. for $5.4 billion, marking a major step in the Japanese conglomerate’s…

NNR October 8, 2025

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AMD to supply AI chips to OpenAI in deal worth tens of billions

SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of…

NNR October 6, 2025

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Cognition raises $400 million, joins $10 billion AI startup club after Windsurf acquisition

Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including…

NNR September 8, 2025

Wire

Perplexity AI makes $34.5 billion unsolicited bid for Google Chrome amid antitrust fallout

Search Find View Information Data Graphic Symbol Icon - Freepik SAN FRANCISCO: Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed Tuesday, marking a…

NNR August 12, 2025

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AMD Misses Earnings Estimates Despite Strong AI and Gaming Growth

SAN FRANCISCO: Advanced Micro Devices Inc. reported second-quarter earnings Tuesday that narrowly missed Wall Street expectations, sending shares down about 4% in after-hours trading. The chipmaker posted adjusted earnings per…

NNR August 5, 2025

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Microsoft passes $4 trillion market cap after blockbuster earnings, bets big on AI

Microsoft Corp (MSFT.O) surged past $4 trillion in market value Thursday, becoming the second U.S. company to hit the milestone after Nvidia (NVDA.O), buoyed by strong quarterly earnings and aggressive…

NNR July 31, 2025

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Thinking Machines Lab, AI startup founded by Mira Murati, raises $2 billion

Thinking Machines Lab, the artificial intelligence startup launched by former OpenAI executive Mira Murati, has secured $2 billion in funding as it gears up to debut its first product within…

NNR July 15, 2025

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OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States

Stargate, a joint venture led by OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States. President Donald Trump announced the three companies plan to…

NNR January 22, 2025

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FTC to probe AI giants over cloud partnerships

The Federal Trade Commission (FTC) has announced a sweeping investigation into the artificial intelligence (AI) industry, focusing on the ties between major cloud service providers and AI developers. The FTC…

NNR January 25, 2024

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OpenAI partners with Arizona State University

OpenAI, a leading artificial intelligence research company, has announced its first partnership with a higher education institution, Arizona State University (ASU). ASU will have full access to ChatGPT Enterprise, a…

NNR January 18, 2024

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OpenAI launches a marketplace for custom GPT models

The artificial intelligence company behind GPT-4, the world’s most powerful language model, is opening up its technology to a wider audience. OpenAI is launching the GPT Store, a platform where…

NNR January 11, 2024