Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The f…
Walmart is paying a reported $1.4bn for a connected-TV ad startup worth $410m nine months ago. The price tells you how far retailers will now go to catch Amazon in advertising. Walmart has agreed to buy Vibe.co, a connected-TV advertising platform. Two…
A 2,000% rally has handed Beijing’s Zhipu a rare fundraising window, and Anthropic’s vanished Fable 5 widened it. The harder question is whether a deeply unprofitable lab can turn the moment into a durable business. Six months ago, Zhipu was a Chinese …
The price of tin is being driven up by strong demand for the old metal in modern electronics, including data centers being developed for artificial intelligence (AI)
Bernie Sanders wants Americans to own a stake in AI through a national sovereign wealth fund.
BMW shares steadied but a leading ratings agency slashed its outlook to negative from stable, as analysts wondered if the German manufacturing base might be under threat.
A new law limits federal loans to aspiring nurse practitioners to $20,500 a year—less than half what would-be podiatrists, chiropractors and optometrists can borrow.
While some communities fight big tech, this 160-year-old HBCU has put a $400 million data center at the financial heart of its bid to revitalize its Nashville campus.
BMW’s share price is still sliding after shareholders were shocked by news it warned, again, about a big threat to profits because of twin blows from China.
Corporate leaders who assume unconditional support from investors for aggressive AI deployment may want to think again.