Raxio Group, the pan-African colocation operator, is entering Tanzania and has lifted its funding pool to $380m. The money comes from its two main shareholders, the French infrastructure investor Meridiam and the US-based Roha Group, both of which have…
Meta has had a miserable year on the market, flat while the Nasdaq-100 climbed 18%. That changed abruptly, with the stock posting its best week since early 2024, CNBC reports. Shares rose about 6% on Friday and roughly 15% across the week. The move was…
Big Tech built its reputation on mountains of cash. It is building its AI empire on debt, and the bill is starting to land in Europe. The five biggest builders of AI data centres in the US have doubled their debt over five years. Together, Alphabet, Am…
The letter reads like a founder’s article of faith. The share sale underneath it tells a harder story. The founder of MiniMax has told staff he will take no salary until the Chinese AI company builds artificial general intelligence. On the same day, Mi…
A three-year-old startup run by a 23-year-old is in talks to double its worth to $20bn. The numbers are dazzling. Read the footnotes. Mercor, the AI training marketplace, has told investors it can raise at a $20bn valuation. It says it already holds at…
Anthropic is the hottest stock in private tech. It is also one of the hardest to buy, and that is exactly why the price keeps climbing. Shares in Anthropic are changing hands on secondary markets at an implied valuation of $1.2 trillion, Business Insid…
First the Royal Navy shoved a robot boat out of a transport plane at 1,300 feet. Then its maker became Europe’s newest defence unicorn. Kraken Technology Group, a British maker of uncrewed surface vessels, has raised $175m (€152.9m) in a Series B round…
Nanya Technology spent years as the also-ran of the memory business, the Taiwanese DRAM maker that Samsung, SK Hynix and Micron never had to worry about much. The AI boom has changed the arithmetic. The company now plans to spend around $6bn in 2027 as…
Europe uses about a fifth of the world’s chips, but makes only a tenth of them. A three-year-old Munich startup thinks it can help close that gap, and Brussels has just backed the bet. QuantumDiamonds is a spin-out of the Technical University of Munich…
Japan’s biggest payments app and its most famous convenience-store chain may be about to get closer. SoftBank and its payments arm PayPay are in talks to invest in Seven & i Holdings, the retailer behind 7-Eleven, according to Bloomberg, which repo…