Nvidia-backeed Australian AI company Firmus raises $325 million

Australia's Firmus announced on Friday it would raise A$500 million ($324.9 million) in a new funding round, as the ...

Code-gen startup Cursor nearly triples its valuation in Coatue-led funding round

Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its ...

Alembic melted GPUs chasing causal A.I. — now it's running one of the fastest supercomputers in the world

Alembic raises $145M to scale causal AI and build one of the world’s fastest private supercomputers, challenging ChatGPT with ...
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Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates

The U.S. stock market tumbled Thursday to one of its worst days since its springtime sell-off, as Nvidia and other AI ...

Asian shares fall, tracking Wall Street's tumble on worries about AI stocks and interest rates

Asian shares retreated on Friday, tracking Wall Street’s tumble to one of its worst days since April as Nvidia and other AI superstar stocks kept dropping on worries their prices have shot too high. U ...

Michael Burry’s Scion fund is deregistered, SEC filing shows

The hedge fund manager has previously warned about market exuberance, last month posting an image of his character from The Big Short movie and a warning that 'sometimes, we see bubbles' ...