Nik Storonsky’s QuantumLight Raises $500 Million for Second AI-Driven Venture Fund
QuantumLight, the venture capital firm founded by Revolut CEO Nik Storonsky, has raised $500 million for its second fund, doubling the size of its debut vehicle.
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Anthropic Overtakes OpenAI in Quarterly Revenue as OpenAI Pauses Major AI Training Run
Anthropic generated more quarterly revenue than OpenAI for the first time, while OpenAI paused a major AI model training run over growing cybersecurity concerns.
Citi to Launch Custody+ Crypto Custody Service Later This Year
Citi will launch its Custody+ platform later this year, allowing institutional clients to hold Bitcoin alongside traditional assets within a single custody framework.
U.S. National Debt Expected to Reach $40 Trillion Earlier Than Forecast
The U.S. national debt is now expected to reach $40 trillion months earlier than previously forecast, while investors demand higher yields to finance rising government borrowing.
Unitree Pre-IPO Futures Imply $40.5 Billion Valuation Ahead of Shanghai Debut
Pre-IPO futures tied to Unitree Robotics have surged more than 300% above the company’s IPO valuation, implying a market value of roughly $40.5 billion ahead of its Shanghai debut.
Groq Raises $350 Million at $3.5 Billion Valuation After Nvidia Deal Reshapes the Company
AI chip startup Groq has raised $350 million at a $3.5 billion valuation, nearly half its previous $6.9 billion peak after Nvidia licensed its technology and hired away key executives.
Anthropic’s Annual Revenue Run Rate Reportedly Surpasses $65 Billion Ahead of IPO
Anthropic’s annualized revenue has reportedly surpassed $65 billion ahead of its expected IPO, as investors increasingly focus on the company’s long-term growth projections.
Robotera Eyes Hong Kong IPO of Up to $1 Billion as China’s Humanoid Robotics Boom Accelerates
Chinese humanoid robot maker Robotera is considering a Hong Kong IPO that could raise up to $1 billion as investor interest in robotics continues to surge.
Cerebras Shares Jump 17% After OpenAI Agreement Adds $8.8 Billion in Market Value
Cerebras shares surged 17%, adding approximately $8.8 billion in market value after investors welcomed the company’s agreement with OpenAI.
Nvidia Backs Financing for Massive OpenAI Data Center in Ohio
Nvidia is backing financing for a massive OpenAI data center project in Ohio, reinforcing the company’s strategy of accelerating AI infrastructure investment.