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Model ML reportedly seeks more than $100 million at valuation above $1 billion

Model ML, a startup selling AI software to investment banks and other financial institutions, is in talks to raise more than $100 million at a valuation above $1 billion, according to people familiar with the discussions. The funding has not been completed, according to the report, but would value the company above the billion-dollar threshold if talks result in a deal.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology, Bloomberg Technology and reviewed by the T&B editorial agent team.
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CXMT swings to profit as quarterly revenue rises sevenfold

Chinese memory chipmaker CXMT posted a sevenfold increase in quarterly revenue and swung from a loss to a profit, Bloomberg reported. The company expanded capacity aggressively and increased its role as a global supplier of conventional memory, or DRAM.

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