Elon Musk’s Neuralink hits $8.5B valuation in $500M funding round The California-headquartered brain implant startup’s price tag just popped to $8.5 billion in a recent pre-money raising, but details of early talks with potential investors remain unknown at the moment.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    Elon Musk’s Neuralink hits $8.5B valuation in $500M funding round

    The California-headquartered brain implant startup’s price tag just popped to $8.5 billion in a recent pre-money raising, but details of early talks with potential investors remain unknown at the moment. Read here

      General Atlantic, UBS eye $2T private credit market

      The New York-based alternative asset manager is in advanced discussions with the Swiss bank over establishing a strategic partnership targeting the $1.6 trillion private credit market, according to a report. Read here

      PHOTO: PIXABAY

      Cash loan money dollar bills 300

      Kimberly-Clark’s $4B tissue unit sees M&A fight

      Southeast Asia’s Royal Golden Eagle and Asia Pulp & Paper, as well as Brazil’s Suzano SA, are the final bidders for the Texas-based personal care products specialist’s international tissue business. Read here

      PHOTO: MISSVAIN

      Kleenex Kimberly-Clark 300 MISSVAIN

      NEWS WORTH NOTING

      NEWS WORTH NOTING

      OpenAI seeks to make

      best-in-class AI model

      The California artificial intelligence pioneer intends to release its first “open” language model since GPT‑2 sometime this year, and wants to make sure it tops benchmarks versus other open reasoning models. Read here

      PHOTO: FOCAL FOTO

      OpenAI_OpenAI_on_a_phone_Focal Foto

      DEALS ROUNDUP

      • Tesla begins FSD-supervised ride-hail tests with employees
      • Databricks to invest $250M in India, plans workforce boost
      • Omnidian raises over $87M to scale energy storage systems
      • Exowatt completes $70M in Series A funding led by Felicis
      • Instrumentl gets $55M to develop grant platform’s AI tech
      • Alpaca secures $52M Series C funding for global expansion
      • Northwood receives $30M in Series A led by Alpine Space
      • Steadily nabs $30M in Series C to expand landlord insurance
      • Grove Biopharma snags $30M in Series A led by DCVC Bio
      • Synthetic Design Lab raises $20M for therapeutic platform

        INTERNATIONAL MARKETS

        Work starts at $9B MGM casino venture in Japan

        The country’s first integrated resort facility featuring a casino, a global convention center, and hotels has broken ground on Yumeshima, a man-made island on Osaka Bay. Read here

        Wise Road Capital weighs

        sale of $3B UTAC Holdings

        The Chinese private equity firm is exploring the potential sale of the Singapore-based semiconductor assembly and testing specialist, according to a report. Read here

        Armenian fund completes buy of Goldman Sachs unit

        Balchug Capital has finalized the acquisition of the Russian subsidiary of the US bank after President Vladimir Putin gave the green light for the firm to proceed with the purchase. Read here

          Singapore’s high-yield stocks gain from tariff

          As reverberations from the US tariffs are felt across markets, investors are increasingly gravitating toward defensive companies, pivoting away from old favourites. Read here

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