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AI Capital

Manus reportedly targets $4 billion valuation after Meta split

Chinese-founded AI startup Manus is set to double its valuation to $4 billion in its first fundraising since Beijing ordered it to split from Meta Platforms, according to Bloomberg. The prospective round follows a geopolitical dispute involving the company. The report describes a planned valuation outcome, not a completed financing.
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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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AI Capital
AI Capital

Lumaril raises $66 million for industrial AI software

Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.

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.

Products AI
Products AI

S&P lowers Meta's credit outlook to negative over AI spending

S&P Global Ratings lowered the outlook on Meta Platforms' AA- credit rating to negative on Friday, citing pressure on its balance sheet from elevated spending tied to artificial intelligence. The action changes the outlook on the rating, rather than the AA- rating itself.

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.