Tenstorrent Raises $1.5 Billion, Valuation Surges to $6.2 Billion
AI chip startup Tenstorrent has raised $1.5 billion in a late-stage funding round, valuing the company at $6.2 billion post-money. Announced on Monday, the funding more than doubles its valuation from December 2024, when...
JPMorgan Invests $5 Billion in US Strategic Industries
JPMorgan Chase has invested $5 billion in equity in industries critical to US economic and national security, as major banks seek to capitalize on rising demand for domestic manufacturing, energy infrastructure and resilient supply...
SpaceX and Tesla Earnings Put Musk’s AI Spending and Merger Speculation in Focus
SpaceX and Tesla are set to report their third-quarter results on consecutive days this week, offering investors a rare opportunity to compare the financial performance of Elon Musk’s two most valuable companies as merger...
Moshe Miller Conferred Prestigious 23rd MBA & First International MBA Award
The 23rd Multibillionaire Business Achiever (MBA) Award and the First International MBA Award were bestowed upon Moshe Miller, CEO and Chairman of Shoval Engineering Group. The honors were jointly presented by eminent media personality...
Canadian Steel Industry Shows Signs of Recovery Amid US Tariffs
Canada’s steel industry is showing signs of recovery after being hit hard by US President Donald Trump’s tariffs, supported by rising domestic demand, major infrastructure projects and government assistance. Since the US raised tariffs...
FBI Investigates Suspicious Mail Sent to US Election Officials Ahead of Midterms
The FBI and the US Postal Inspection Service are investigating suspicious mailings sent to state election officials and lawmakers’ offices ahead of the November 3 midterm elections. Some letters contained unidentified substances, including suspicious...
Investors Lower Anthropic IPO Valuation Expectations to $1.5 Trillion
Investors in Anthropic are reconsidering the artificial intelligence company’s expected valuation ahead of its planned November initial public offering (IPO), with some now discussing a figure of around $1.5 trillion, down from earlier expectations...
Investors Shift Cash Into Stocks and Bonds Amid Market Volatility
Investors moved substantial amounts of money out of cash holdings and into stocks and bonds last week, seeking to capitalise on recent market volatility, according to BofA Global Research. Stock funds recorded $64.5 billion...
Chinese Automakers Target Europe’s Premium Car Market with Tech-Led Luxury
Chinese automakers are targeting Europe’s lucrative premium car market with a new concept of “intelligent luxury,” focusing on advanced technology, rapid charging and enhanced comfort rather than traditional brand heritage. At the Paris car...
Bank of England Urges Banks to Strengthen Cyber Recovery Against AI Threats
The Bank of England is working with banks to strengthen cyber-recovery plans as artificial intelligence (AI)-powered cyberattacks pose growing risks to the global financial system, Deputy Governor Sarah Breeden said on Thursday. She warned...