The artificial intelligence venture co-founded by OpenAI's former chief scientist Ilya Sutskever last year to advance AI in a secure and beneficial manner is raising funding that would quadruple its $5 billion valuation in September.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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AI startup Safe Superintelligence in talks to be valued at $20B
The artificial intelligence venture co-founded by OpenAI's former chief scientist Ilya Sutskever last year to advance AI in a secure and beneficial manner is raising funding that would quadruple its $5 billion valuation in September. Read here
BofA to buy $9B loans from Toronto-Dominion
Bank of America has agreed to acquire a portfolio of residential mortgage loans from the Canadian lender, which had earlier expressed intention to look at exiting some loan portfolios, according to reports. Read here
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SolarWinds taken private by Turn/River for $4.4B
The California-based private equity firm has agreed to acquire the IT management software provider, marking a significant move amid improving conditions for debt-funded acquisitions. Read here
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NEWS WORTH NOTING
DXP Enterprises acquires Arroyo Process Equipment
The Texas-based industrial distribution company has completed the acquisition of the leading distributor of pumps and process equipment servicing northern, central, and southern Florida, and surrounding markets.Read here
Macron unveils $112B AI investment fund for France
The French president has unveiled France’s ambitious response to Stargate with a major investment aimed at accelerating Europe’s AI development. Read here
Nippon Steel weighs ‘bold’ revision to US Steel buyout
The Japanese steel giant is considering proposing a radical change in plan from its previous approach of seeking to acquire the American company. Read here
Montagu to buy Multifonds fund accounting software
The British private equity firm focused on healthcare and financial sector services is to acquire Multifonds in a carve-out transaction from parent company Temenos. Read here
India’s GAIL revives plan to buy US liquefied natural gas
The Indian conglomerate seeks to acquire a stake in an American LNG plant or secure long-term supply after the Trump administration lifted a ban on export permits. Read here
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