Founders Fund, a venture capital firm backed by billionaire Peter Thiel, led a new funding round, committing $1 billion, according to the company’s CEO, Trey Stevens. He added that this is the largest check in Founders Fund history. Stevens, the…
The hype around artificial intelligence has allowed some small startups to grow quickly. But by some estimates, none has grown as fast as Anysphere Inc., maker of the popular AI-powered coding assistant Cursor, which has surpassed $500 million in annual…
NB Strategic Capital Fund II also received additional capital commitments from its limited partners, according to a filing reviewed by Bloomberg News. The final amount exceeds the fund’s initial goal of $2.5 billion, as well as the size of its…
Under the terms of the deal, the value of the division is estimated at $3.4 billion. Kimberly-Clark will own 49% of the shares of the new company. Suzano, the world’s largest pulp supplier and a major paper manufacturer, will have…
New York-based asset manager Brookfield Asset Management plans to acquire additional land on a site in Strangnas — about 55 miles west of Stockholm — that will eventually house a 750-megawatt data center, more than double its previous plan. The…
GlobalFoundries plans to allocate $13 billion to expand existing plants in New York and Vermont, as well as allocate another $3 billion to research in advanced packaging and other technologies in the United States, the company said in a statement.…
Chart shareholders will receive 3.165 shares of Flowserve for each share they own, giving Chart investors ownership of approximately 53.5% of the combined company. The combined business will have a new name and brand upon closing, which is expected in…
The deal, which includes $530 million in cash and $410 million in ONEOK common stock, makes ONEOK the sole owner of the joint venture. The Delaware Basin JV boasts a processing capacity of more than 700 million cubic feet per…
According to a statement released on Tuesday, the offer price of €6.05 per share represents a 27.1% premium to Dalata’s shares before the sale process was announced in March. Eiendomsspar already owns about 8.8% of Dalata’s shares. Ireland’s largest hotel…
It would seem that who else but Apple should lead the AI revolution? The American company has been surprising the market with its breakthrough technologies since 1976. But in the case of AI, this has not happened. Forbes Ukraine has…
Khosla Ventures led a $350 million funding round. The startup’s data platform, ClickHouse, aims to provide fast and low-cost query responses and will help companies launch and build AI tools, in addition to other day-to-day tasks. The company is approaching…
Under the agreement signed by both parties, and subject to a final agreement, Prime Infra will acquire a controlling interest in four existing gas-fired power plants and a planned fifth facility with a total capacity of 3,247 megawatts, as well…