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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 Goldman Sachs are among lenders in talks over megadeals worth tens of billions of dollars apiece.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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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 ...

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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...

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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...

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Capital AI

Stuut announces $52.5 million Series B for finance automation

Stuut announced a $52.5 million Series B led by Insight Partners, with Andreessen Horowitz and Microsoft's venture fund M12 participating. The round brings total funding to $93 million, The Next Web reports. The company automates...