In a stunning move, SoftBank has completely exited its Nvidia position to pour billions into OpenAI. The Japanese investment giant sees more value in the AI creator than the hardware maker. This represents one of the biggest bets yet on OpenAI’s future dominance.
Rebellions just secured $260 million with backing from US venture firms Kindred Ventures and Top Tier Capital Partners. The Korean AI chip unicorn, valued at $1.4 billion, is expanding its global presence with energy-efficient chips designed for large-scale AI inference. This marks their first inves
The AI revolution is creating massive opportunities for solution providers and MSPs. CRN has highlighted 15 promising startups that are building the platforms, security tools, and data management solutions powering this transformation. These companies represent the next wave of AI innovation beyond
Legal technology company Clio has secured $500 million in new funding, pushing its valuation to $5 billion. The Vancouver-based firm also obtained a $350 million debt facility to fuel AI development and strategic acquisitions in the legal tech space.
A London startup called Spectral Compute just raised $6 million to build compatibility software that could break Nvidia’s stranglehold on AI computing. Their SCALE framework aims to let programs written for Nvidia’s CUDA platform run on competing chips from AMD and Intel. This could give companies m
Rivian’s board approved a massive new compensation package for CEO RJ Scaringe that could be worth up to $4.6 billion. The package includes a salary increase from $1 million to $2 million and stock options tied to ambitious performance targets. This comes as Rivian approaches the critical launch of
Eastleigh-based Aquark Technologies secured a €1.6 million contract from Innovate UK to deploy its cold atom quantum clock technology at UK telecommunications sites. The project aims to reduce reliance on vulnerable satellite signals and will run until March 2026. This government backing complements
A former Tesla mechanical design engineer applied lessons from building Model 3 batteries to launching a THC beverage company. The biggest surprise? The hardest startup problems aren’t the complex ones.
Accel has returned to India’s ride-hailing sector by backing Rapido, while Prosus increased its stake. The moves come as TVS Motor exited its position with a 152% return over three years, and Rapido prepares for a new funding round.
Xendit co-founder Tessa Wijaya explains how the Indonesian unicorn is unifying Southeast Asia’s payment systems. The company is moving beyond QR codes to build regional infrastructure that addresses local challenges.
