Category: funding
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OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia By Reuters
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By Crystal Ho (Reuters) – OpenAI announced on Wednesday that it has raised $6.6 billion from investors at a post-cash valuation of $157 billion, cementing the ChatGPT maker’s position as one of the world’s most valuable private companies. The funding has attracted returning venture capital investors including Thrive Capital and…
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Cardano (ADA) Eyes 20% Price Surge – Funding Rate Suggests Increasing Demand
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This article is also available in Spanish. Cardano is trading at an important supply level that could lead to a significant rally to new highs. Following last week’s rate cut, optimism rose among analysts and investors, with many anticipating strong upward momentum for the altcoin. Related reading This positive sentiment…
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Cardano (ADA) Eyes 20% Price Surge – Funding Rate Suggests Increasing Demand
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This article is also available in Spanish. Cardano is trading at an important supply level that could lead to a significant rally to new highs. Following last week’s rate cut, optimism rose among analysts and investors, with many anticipating strong upward momentum for the altcoin. Related reading This positive sentiment…
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Funding Circle co-founder Samir Desai to leave board, marking end of an era
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Sameer Desai, co-founder and former CEO of Funding Circle, is stepping down from the board of the small business lending company, further distancing himself from the company he helped build. Desai, 41, was instrumental in founding the peer-to-peer lending platform in 2010 alongside Andrew Mullinger and James Meekings. After serving…
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Funding Circle co-founder Samir Desai to leave board, marking end of an era
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Sameer Desai, co-founder and former CEO of Funding Circle, is stepping down from the board of the small business lending company, further distancing himself from the company he helped build. Desai, 41, was instrumental in founding the peer-to-peer lending platform in 2010 alongside Andrew Mullinger and James Meekings. After serving…
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Tom Steyer of Galvanize Climate Solutions is funding technology to save the planet
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On this episode of Fortune’s Leadership Next podcast, host Diane Brady talks to Tom Steyer, co-executive chair of Galvanize Climate Solutions. A former hedge fund manager and candidate for president in the 2020 race, Steyer is now focused on investments in innovations in the climate space. The conversation ranges over topics from China, electric…
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Pennsylvania, Arizona and Texas benefit from US funding for Ukraine arms, Pentagon says By Reuters
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By Mike Stone WASHINGTON (Reuters) – Pennsylvania, Arizona and Texas are among the U.S. states that have received the most funding and investment to arm Ukraine in its war with Russia, a Pentagon spending breakdown released on Friday showed. Pennsylvania, a swing state in the Nov. 5 presidential election, received…
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Blockstream Opens New Funding Round For Its Second Bitcoin Mining Security Token
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Today, Blockstream opened its Series C round for the second time. Mining Note — BMN2. The note will be Available to qualified non-US investors It was repriced from the first and second rounds of the series, which occurred on July 18. This round of BMN2 was priced at 31,000 petahashes…
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Blockstream Opens New Funding Round For Its Second Bitcoin Mining Security Token
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Today, Blockstream opened its Series C round for the second time. Mining Note — BMN2. The note will be Available to qualified non-US investors It was repriced from the first and second rounds of the series, which occurred on July 18. This round of BMN2 was priced at 31,000 petahashes…
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Bitcoin Bears Dominate On Binance, Why Is Funding Rate Positive?
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Bitcoin is still stable at the time of writing, but is under massive selling pressure after the August 27 liquidation. Technically, there is some weakness. However, this outlook will change when Bitcoin bulls push prices above the immediate resistance level at $66,000. This reaction point represents the high of August…
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Ukraine Jittery Over Funding Delays From Frozen Russian Assets
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Breadcrumbs Path Links PMN Business Ukrainian officials are concerned about delays in finalizing a deal that would open the door to $50 billion in support by tapping profits from frozen Russian central bank assets, according to people familiar with the matter. Article author: Bloomberg News Darina Krasnolotska, Alberto Nardelli and…
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Bitcoin Lightning Startup TMRW Raises $1.3 Million Funding
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Miami-based Bitcoin startup TMRW Bitcoin has raised $1.3 million in pre-seed funding to develop its social payments app powered by the Bitcoin Lightning Network. Maple in C The funding round was led by VC, and Bitcoin angel investors like Brad Mills joined the round. TMRW aims to leverage the speed…
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Tata Steel workers and suppliers receive £13.5 million in emergency funding amid Port Talbot restructuring
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The UK government has announced £13.5m of emergency funding to support supply chain companies and workers affected by Tata Steel’s restructuring plans at its Port Talbot site in South Wales. The funding represents the first allocation from a transitional board set up to manage the impact of Tata’s switch from…
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Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Biden targets tumors with $150 million funding for ‘Cancer Moonshot’ program By Reuters
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By Andrea Shalal and Garrett Renshaw NEW ORLEANS (Reuters) – U.S. President Joe Biden on Tuesday announced he would allocate $150 million in new federal funding to develop technology to better help surgeons successfully remove cancerous tumors. The award, which Biden promoted during a visit to New Orleans, is the…
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Biden targets tumors with $150 million funding for ‘Cancer Moonshot’ program By Reuters
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By Andrea Shalal and Garrett Renshaw NEW ORLEANS (Reuters) – U.S. President Joe Biden on Tuesday announced he would allocate $150 million in new federal funding to develop technology to better help surgeons successfully remove cancerous tumors. The award, which Biden promoted during a visit to New Orleans, is the…
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Phinxt Robotics secures £2M funding to scale robotics automation with innovative edge AI platform
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PHINXT Robotics, an AI-powered robotics software company, has secured £2m in an oversubscribed funding round to develop an innovative AI platform that simplifies and scales robotic automation in warehouses. The tour was led by Shore Valley Projects With the participation of Ada Ventures, From the heart and Atlas Ventures. Founded…
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UK Government cancels £1.3 billion AI and tech funding amid economic tightening
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In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to boost the UK’s position as a global…
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Thyssenkrupp shuts down steel unit’s funding request By Reuters
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FRANKFURT (Reuters) – Thyssenkrupp said on Saturday its steel division must be restructured to finance investment needs from its own earnings but the parent company has secured financial security for the next two years. Thyssenkrupp CEO Miguel Lopez’s comments came after the steel division’s chief said the company needed to…