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Bain Capital Ventures raises $1.6 billion AI fund

Bain Capital Ventures has raised a $1.6 billion fund for early-stage companies across AI infrastructure, software, robotics and science. Partner Slater Stich said the firm is targeting businesses built for what it calls "life after AGI," and expects knowledge work to be transformed first. The source does not identify portfolio companies, investment terms or a deployment schedule for the fund.
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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

Crosby bids for Weil Gotshal's brand and internal data

AI-focused law firm Crosby has bid to buy assets of Weil, Gotshal & Manges, including its trademark, brand and unspecified internal data, TechCrunch confirmed. Crosby is separately seeking to hire some of the firm's 1,200 lawyers.

AI Infrastructure
AI Infrastructure

Five technology giants commit more than $3T to future spending

Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.

Capital
Capital

Baseten raises $2 billion as Tenstorrent secures $1.5 billion Series E

Baseten has raised $2 billion in a funding round led by Sands Capital, KuCoin reported. The financing is being conducted in two tranches, raising its valuation to $26 billion and then $30 billion. Baseten provides services for running and fine-tuning AI models.

Products AI
Products AI

Salesforce's Rune acquisition agreement reportedly worth $375 million

Salesforce's agreement to acquire military logistics software developer Rune Technologies is worth $375 million in cash and stock, Resilience Media reported. Rune builds AI software that helps the US military predict supply needs and manage logistics in the field.