NTT announced the establishment of the "IOWN AI Fund" on June 10th, aiming to invest in AI startups. The fund is expected to be around 80 billion yen, with over 20 companies considering investment.
Meta shares fell over 5% after a report suggested the company might raise tens of billions via a stock offering to fund AI investments, despite a spokesperson calling the claim 'pure speculation'.
Nvidia CEO Jensen Huang lauded Marvell as a future trillion-dollar company, boosting its stock. Google is seeking $80 billion for AI, and Microsoft plans a quantum computer chip by 2029. These developments follow Anthropic's IPO prospects and Nvidia's PC push, with SpaceX and OpenAI also eyeing trillion-dollar potential.
MiniMax, a Shanghai-based AI company, hires Citic Securities to prepare for a yuan-denominated share sale on China's onshore market, capitalizing on heightened global investor interest in AI stocks.
StrictlyVC's San Francisco event returns April 30 at Sentro Filipino Cultural Center, featuring Eclipse founder Lior Susan who recently raised $1.3 billion to invest exclusively in physical AI startups. The venture and founder community gathering will also include Replit CEO Amjad Masad, TDK Ventures president Nicolas Sauvage, and Forum AI CEO Campbell Brown, with interviews by StrictlyVC reporters.
SEOUL, April 21 (Yonhap) -- Naver Corp. said Tuesday it has created a 700 billio...
The UK government has announced its first investment under a £500m sovereign AI fund, taking a stake in London-based Callosum, which helps different computer chips work together for AI training. Technology secretary Liz Kendall urged the country to embrace AI despite concerns about job displacement and cybersecurity risks, acknowledging people are worried but emphasizing the need to 'seize this to make it work for Britain'. Six UK startups will also receive access to government-funded supercomputers.
