Real-time updates from the world of business, finance, and technology.
Jeff Bezos has co-founded and will co-lead the AI start-up Project Prometheus, which received $6.2 billion in funding. The company focuses on AI for engineering, manufacturing, and aerospace applications.
AI coding assistant Cursor has raised $2.3 billion in a large Series D round, taking its valuation to $29.3 billion. The company plans to use the capital to build its in-house AI models and expand its product capabilities.
Bengaluru-based Escape Plan has raised USD 5 million in seed funding. The round was co-led by Jungle Ventures and Fireside Ventures.
Anthropic has raised $13 billion in a Series F round led by ICONIQ. The deal values the AI company at $183 billion post-money and brings in a long list of global investors.
Scale AI has received a major strategic investment from Meta Platforms, valuing the company at over $29 billion. The deal expands the companies’ commercial partnership and marks a leadership transition at Scale.
SoftBank Group plans to invest up to $40 billion more in OpenAI through a new follow-on deal. The move deepens its bet on AI as it looks to back OpenAI’s next phase of growth.
Google has signed a deal to buy cloud security firm Wiz for USD 32 billion. The move strengthens Google Cloud’s push into security and multicloud services.
