AI film studio Utopai reportedly raises $60M at a $1B valuation
The Information reports that Utopai, an AI film studio with more than 20 projects in the works, raised $60M at a $1B…
Finance
The money side of AI: valuations, funding rounds, IPO plans, big tech spending and how AI is changing finance, gaming and drug discovery.
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Meta’s new non-voting shares let Zuckerberg sell stock without losing control
Meta's filing creates a non-voting Class C share, a one-for-one dividend and a deal to keep Mark Zuckerberg…
DeepSeek reportedly lands $15 billion, days after a US federal ban
Bloomberg reports the Chinese AI lab raised about $15 billion, one of China's biggest rounds, just two days…
Slingshot raises $27 million to give embedded insurance an AI-run carrier
Slingshot Insurance, co-founded by Rally Ventures and a former Palomar actuary, says its AI platform can make low-premium…
Tesla’s cash flow turned positive on lower spending, and the stock fell anyway
Tesla reported $1.53 billion of free cash flow after a $4.73 billion capex quarter, but reports say shares…
Barclays to cut 5,000 jobs as AI push meets a profit miss
The Financial Times reports that Barclays will cut 5,000 jobs as it steps up AI adoption, announced alongside…
Ray-Ban maker’s shares jump as lenses and frames offset an AI glasses cooldown
Shares of EssilorLuxottica rose after its third-quarter report showed ordinary eyewear carrying the group while AI glasses growth…
Nvidia reportedly eyes Firmus stake weeks after the AI cloud pulled its IPO
According to The Information, Nvidia is negotiating a multi-hundred-million-dollar investment in Firmus, the Australian AI cloud provider that…
Tenstorrent’s $1.5 billion round values the AI chip startup at $6.2 billion
Jim Keller's chip company closed a Series E led by Trace Capital and Innovation X, and says the…