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Samsung reports nearly nine-fold increase in quarterly operating profit

Samsung Electronics reported a nearly nine-fold increase in quarterly operating profit, Bloomberg reported. The result still fell just short of expectations that had risen with relentless spending on the buildout of infrastructure for artificial intelligence.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

North American startup funding falls 35% quarterly to $92B

North American startups raised $92B in Q3, down 35% from the previous quarter but up 50% year over year, Crunchbase News reported. AI startups received $61B. The quarter also recorded 11 acquisitions worth $1B or more, while IPO ...

Capital
Capital

Endeavor Catalyst closes $320 million fund for its founder network

Endeavor Catalyst has closed its fifth fund with $320 million in capital commitments, bringing assets under management to more than $850 million. The venture arm of nonprofit Endeavor plans to invest in up to 150 companies through...

Capital AI
Capital AI

Nous Research raises $90 million for enterprise agent push

Nous Research raised a $90 million Series B at a $1.5 billion valuation, TechCrunch reported, confirming its earlier reporting. Robot Ventures led the round, with backers including Nvidia, Union Square Ventures, Menlo Ventures, Sa...

AI Infrastructure
AI Infrastructure

Broadcom seeks more than $50B in financing for OpenAI chip

Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip, the Wall Street Journal reported, citing sources. Oracle is also discussing financing for a large chip purchase. Apollo, Blackstone and ...

Capital
Capital

Navra raises $19 million for access to blockchain financial markets

Navra, a startup led by SoFi and Figure co-founder Mike Cagney, raised $19 million in Series A funding, Bitcoinist reported. Ribbit led the oversubscribed round, with Baseline, DCM, Jump Crypto and Figure Technology Solutions part...

Capital AI
Capital AI

Healthleap raises $38 million for hospital patient screening AI

Healthleap has raised $38 million in seed and Series A funding for software that flags hospital patients who may need further clinical review, TechCrunch reported. The financing comprises an $8 million seed round co-led by Sequoia...