Browsing: billion
HR startup Rippling in talks to raise valuation to $13.4 billion, up from $11.25 billion
The round could be up to $870 million, including a $670 million secondary Last stage HRtech Startup Rippling raises new capital. The company’s new round, which…
The valuation of social networking startup ShareChat has fallen below $2 billion from nearly $5 billion after a new round of funding, a source familiar with…
US to give TSMC $6.6 billion in grants, $5 billion in loans to boost chip manufacturing in Arizona
The US Department of Commerce he said on Monday that it signed an agreement to award Taiwan Semiconductor Manufacturing (TSMC) $6.6 billion in direct funding under…
Lithium-ion batteries have transformed the global economy, powering everything from smartphones and laptops to electric vehicles, e-bikes and more. But while costs have plummeted over the…
Hoping to stave off a ban, TikTok says it generated $14.7 billion for US small businesses last year
As US lawmakers consider a possible ban on TikTok, the ByteDance-owned short-form video app has launched economic impact report on Thursday. In it, the company touts…
Sachin Bansal’s fintech Navi seeks $2 billion valuation in first major external fundraising
Flipkart co-founder Sachin Bansal is in talks to raise capital for his newest Indian fintech startup Navi. Bansal is in talks with investors to raise about…
Sam Bankman-Fried sentenced to 25 years in prison for fraud and money laundering at FTX, ordered to pay $11 billion in forfeiture
Sam Bankman-Fried, co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of…
Amazon invested an additional $2.75 billion in growing AI powerhouse Anthropic on Wednesday, following an option it left open last September. The $1.25 billion he invested…
The White House is proposing up to $8.5 billion to fund Intel’s domestic chip manufacturing
Long before President Joe Biden signed the CHIPS and Science Act into law in August 2022, Intel was a cornerstone of US efforts to increase domestic…
After raising $1.3 billion, Inflection was eaten alive by its biggest investor, Microsoft
In June 2023, Inflection announced that it had raised $1.3 billion to build what it called “more personal artificial intelligence.” The main investor was Microsoft. Today,…