U.K. chip company Graphcore has been formally acquired by Japan’s SoftBank. Rumors of the deal have abounded for some time, but protracted negotiations and regulatory approvals have meant neither company has confirmed anything until now. Even today, the company wouldn’t confirm the one thing most people will be wondering: How much does Japanese multinational SoftBank […]
Sources: Mistral AI raising at a $6B valuation, SoftBank ‘not in’ but DST is
Investors are feverishly continuing to evaluate AI startups, and to try to avoid simply chasing a fad, they are paying extra-close attention to founders building what are typically described as “foundational” technology. Paris-based Mistral AI, a startup working on open source Large Language Models — the building block for generative AI services — has been […]
Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary
The blockchain project Polygon announced it has raised $ 450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India […]