The California-based artificial intelligence pioneer is reportedly in discussions to raise up to $40 billion in a new funding round, potentially pushing its valuation to $340 billion amid growing competition in the AI space.
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OpenAI to hit $340B valuation with record raise of $40B funding
The California-based artificial intelligence pioneer is reportedly in discussions to raise up to $40 billion in a new funding round, potentially pushing its valuation to $340 billion amid growing competition in the AI space. Read here
Hewlett Packard’s $14B Juniper deal in review
The US Department of Justice has sued to block HP Enterprise's offer to acquire the California-based networking gear maker, arguing that it would stifle competition, according to a complaint. Read here
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NGP explores $2B sale
of gas producer Camino
The Texas-based private equity firm specializing in energy investments is considering selling one of the largest privately held natural gas producers in Oklahoma’s hydrocarbon-rich Anadarko Basin. Read here
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NEWS WORTH NOTING
Google quietly announces its next flagship AI model
The California-headquartered tech giant took the low-key route for the launch of its next-gen flagship AI model Gemini 2.0 Pro Experimental by revealing the model in a changelog for its Gemini chatbot app.Read here
Unicorn ElevenLabs raises $180M at $3.3B valuation
The British AI voice cloning startup aiming to establish speech as the new standard for digital interaction has concluded a funding round co-led by a16z and ICONIQ Growth. Read here
Goldman Sachs may sell Russian unit to Balchug
President Vladimir Putin has authorized the purchase of the US investment bank’s subsidiary by the Moscow-based private equity and investment firm. Read here
ITV, RedBird IMI in talks
to merge production units
The British broadcaster has been holding early-stage negotiations with the Abu Dhabi-backed investment firm about a possible combination of their respective businesses. Read here
Nippon Steel starts bid to acquire Sanyo Special Steel
The Japanese steel manufacturing giant is set to launch a $456 million tender offer at $17.78 a share to make its Aichi Prefecture-based peer a wholly owned unit. Read here
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