The New Jersey-headquartered artificial intelligence startup backed by Nvidia has signed a five-year contract to provide AI infrastructure to the ChatGPT maker ahead of its hotly anticipated stock market launch.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: COREWEAVE
CoreWeave inks $11.9B contract with OpenAI ahead of IPO
The New Jersey-headquartered artificial intelligence startup backed by Nvidia has signed a five-year contract to provide AI infrastructure to the ChatGPT maker ahead of its hotly anticipated stock market launch. Read here
Anysphere eyes $10B valuation with raising
The California-based tech unicorn behind the AI-powered code editor Cursor is in financing talks led by investor Thrive Capital, proving that AI startups continue to dominate venture capital funding. Read here
PHOTO: ANYSPHERE
Blackstone raises $8B in latest realty debt fund
The New York private equity firm has launched Blackstone Real Estate Debt Strategies V for North America, Europe, and Australia, a sign that the sector is seeing a recovery after a tumultuous spell. Read here
PHOTO: BLACKSTONE
NEWS WORTH NOTING
NEWS WORTH NOTING
ServiceNow in record $2.9B Moveworks deal
The California-based software maker is set to acquire the AI firm, marking the digital workflows specialist’s largest-ever acquisition as enterprises spend heavily on the technology to enhance their IT operations.Read here
Couche-Tard rejects Seven & i’s worry over $47B bid
The Canadian group is confident there is a "clear path" to overcome regulatory hurdles in its proposed acquisition of the Japanese owner of the 7-Eleven chain. Read here
Tennet kicks off stake sale for German grid at $29.5B
The Dutch state-owned electricity transmission operator is searching for investors for its massive high-voltage facility, marking the next step in its privatization process. Read here
Safra Sarasin to buy $1.19B
majority stake in Saxo Bank
The Swiss private bank has agreed to acquire 70% of the Danish lender by buying Finnish lender Mandatum’s 19.8% share and Chinese car group Geely’s 49.9% stake. Read here
Virgin Group aims to raise $900M for rail service bid
The British multinational venture capital conglomerate aims to raise capital to fund its plan to launch cross-channel rail services as it looks to compete with Eurostar. Read here
