Nvidia and Six Financial Giants Create $500 Billion AI-Compute Financing Platform
Nvidia on Tuesday said it has teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create an independent platform that aims to raise more than $500 billion…
SoftBank-Backed 3D Printer Maker Formlabs Explores $500 Million IPO
Formlabs, the Massachusetts maker of desktop 3D printers backed by SoftBank, is in early discussions with financial advisers about an initial public offering that could raise roughly $500 million, according…
SK Hynix’s Solidigm Weighs Nasdaq Listing After Pre-IPO Round
Solidigm, the NAND flash and SSD maker owned by SK Hynix, is raising 5 trillion to 10 trillion won in a pre-IPO funding round that values the company at about…
AI Cloud Firm Nscale Prepares for a Fall IPO
Nscale, the London-based company that rents out AI computing power, is pushing ahead with plans for a public listing, holding meetings with potential investors and preparing to present its case…
Goldman Sachs Tells Clients the Old Investment Rules Are Dead
For most of the last four decades, the arithmetic of investing was almost boringly dependable. Buy the dips. Trust the multiples. Assume rates drift lower. Add a few index funds,…
Anthropic Steps Up IPO Prep With Investor Meetings
The meetings are starting to appear on calendars. Anthropic executives have begun sitting down with prospective investors, according to a person familiar with the plans, as the artificial intelligence company…
Anthropic Lines Up Credit, Blackstone Venture Ahead of IPO
The paperwork is piling up in the banks’ deal rooms. Anthropic is in talks with lenders about a multi-billion-dollar credit facility, according to people familiar with the matter, the kind…
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NVIDIA’s Next AI Server Rack Hits Manufacturing Hurdles The selloff started in Asia before most investors in the United States had logged on for the day. Shares of printed circuit…
Goldman Hires Google Engineering Executive to Run Asset Management Technology
NEW YORK — The building at 200 West Street has hired from the other coast’s most valuable company. Goldman Sachs has appointed Evan Kotsovinos, a Google engineering executive, to run…
Samsung Seeks 20% DRAM Price Increase for Third Straight Quarter
The buyers who assemble the world’s phones, PCs, and servers are being asked to pay more for memory again. Samsung Electronics is negotiating with customers to raise average prices for…
