1751 summarised stories about Business Funding, each linking back to the original source. Browse all topics →
TechCrunch 1 month ago 51
Crusoe abandoned its plan to buy Boom Supersonic’s Superpower stationary power turbines for its AI data centers. The canceled deal involved $1.25 billion for 29 turbines from Boom. Crusoe confirmed it is no longer partnering with Boom, while Boom said it will deliver about 250MW next year to other sites and target 1GW in 2028.
TechCrunch 1 month ago 8 ● 2 sources
Akamai said Anthropic will spend $11.6 billion over seven years on its cloud infrastructure. The agreement begins with no Akamai revenue in 2025 and the filing pegs expected 2027 revenue at $150 million to $300 million. Akamai will add about $5.5 billion in spending to build capacity, issue a warrant tied to Anthropic’s future cloud spending, and allow the deal to expand up to roughly $20 billion or end under certain conditions.
Fortune 49
The Rockefeller Foundation president says U.S. global standing is declining, citing a survey showing many people view the United States as a threat rather than an example. One-third of people globally see the United States as a threat. He argues the U.S. should change foreign assistance by shifting from traditional donor-driven aid to more politically sustainable investments, including technology use such as AI tools.
TechCrunch 1 month ago 30 ● 7 sources
Nscale secured $3.36 billion in convertible financing ahead of its IPO later this year. The deal includes $2.36 billion immediately and $1 billion from Nvidia arriving in mid-November. The convertible notes will turn into equity after the IPO is completed, funding its AI data center buildout.
OpenAI 1 month ago 16
Proaction said it uses Codex, GPT-Live-1, and GPT-6 Astra to build, run, and sell fleet management faster. It reported a 60% boost in sales. As a result, it claims faster development and deployment of its modern fleet management offering, along with time savings.
Trending Topics 1 month ago 50 ● 8 sources
Tekever raised about €500 million in its Series D funding round at an estimated valuation of about €5.5 billion. The round is led by Baillie Gifford and UC Investments and is only the first close. Tekever says the new capital will fund international expansion, production scaling, more R&D, and additional defense-focused acquisitions.
TechCrunch 1 month ago 42 ● 26 sources
Meta promoted its new AI app Muse at Meta Connect as early downloads and reviews surged. Muse passed 2.5 million downloads after launch on September 8 and reached more than 3.4 million downloads by the latest Sensor Tower estimates. The app’s momentum increased further after Meta’s conference, with daily active users rising 27% on Wednesday and Muse holding top rankings on the U.S. App Store and Google Play.
TechCrunch 1 month ago 8
Anthropic’s founders are seeking a voting-control structure to keep control after the company’s IPO. The plan would issue special shares to Dario Amodei and six co-founders that total 50.1% of the votes on most matters. Control would shift from founders’ existing board setup to a new arrangement with expanded founder board seats and employee voting rights, while the Long-Term Benefit Trust would still select most directors.
Tech.eu 1 month ago 44 ● 8 sources
European tech companies and investors announced multiple funding rounds, acquisitions, and new funds, including TEKEVER’s Series D and Mistral AI’s acquisition of Pimento. TEKEVER raised $580M Series D at a $6.4B valuation. Funding, compute capacity, and defence-oriented chip-design initiatives are likely to accelerate as these new capital pools and deal outcomes move forward.
Startups Magazine 8 ● 2 sources
Duqu, an Amsterdam fintech startup, raised a €1.5 million pre-seed round from Curiosity VC and No Such Ventures to expand its invoice-advance service. The company says its AI underwriting engine automates 95% of credit assessment and it can advance funds in 24 hours. As a result, Duqu plans to grow both the business and its modular, white-label AI credit assessment offering to banks and lenders.
Fortune 20 ● 2 sources
Solari Capital, backed by AJ Scaramucci, emerged from stealth and deployed $350 million across early-stage deals, growth investing, and incubated companies. The median VC-backed tech company’s time to IPO rose to 13.5 years in 2024 (up from 6 to 9 in most of the 1990s). The firm’s approach shifts toward earlier liquidity and wider access through tokenized private shares and pre-IPO routes, alongside interest in trading collectibles and other private assets.
Elena's Growth Scoop 1 month ago 11
Lovable’s staff describe how their AI-native organizational model changes day to day work beyond just using AI tools. 71% of people (including managers) in the author’s study said they want to spend at least half their time on IC work. As a result, titles, meetings, information flow, and management roles become less hierarchical and more autonomous, which can also increase duplicated effort and chaos.
Sifted 1 month ago 29
Tatiana Shalalvand joined Cherry Ventures as a partner and plans to back founders emerging from Nordic AI companies including Lovable and Legora. She will officially start the new role next month. This shifts Cherry Ventures’ early-stage focus toward those startups.
Reuters 1 month ago 29
DeepSeek reportedly reached $1B in annualized revenue while working to close about $7.5B in financing.
Tech.eu 1 month ago 17
Leonardo’s UK capability chief outlined how the defence prime links emerging technologies to deployment by working with startups through alliances, staged funding, and access to testing resources while embedding AI and autonomy into field-tested prototypes. He said government R&D funding is provided over four years to give small firms stable income and planning signals. The approach shifts innovation from one-off trials or acquisitions toward long-term partnership-based prototyping and capability evaluation tied to specific operational needs.
Tech.eu 1 month ago 30 ● 2 sources
VCs debated when founders should take VC capital versus bootstrapping, and whether startups should raise larger rounds or aim for “top ten” lists at Infobip Shift in Zadar, Croatia. David Clark said founders have “never” been in a better time to bootstrap Central European startups. They argued that AI should be integrated into core product and customer value rather than added as a chatbot, and that founders should plan for AI usage-based credits while avoiding lock-in to a single AI model provider.
Trending Topics 1 month ago 46
Higgsfield reported that it has reached $1 billion in annualized revenue as OpenAI ended its Sora video rollout. The company’s run rate rose from about $200 million at the end of 2025 to $700 million by August 2026. Higgsfield’s growth was reflected in faster enterprise adoption, 300% net revenue retention, and positive gross margins beginning in early 2026 as demand shifted to its multi-model video production platform.
Latent Space 1 month ago 15
Latent Space said it will make changes to Latent Space’s AINews operation and newsletter network in the coming week. Supabase Select in San Francisco is on October 2, with a launch unveiled live for one day. The publication plans to migrate to Beehiiv and relaunch a new business/sponsorship contact channel while consolidating AINews content on its site.
TechCrunch 1 month ago 30
Lightspeed is targeting $250 million for a new early-stage India fund focused on AI, after filing disclosures about a new vehicle and sending an investor letter. The fund, Lightspeed India Partners V, aims to be half the size of its prior $500 million India fund raised in 2022 and plans to start investing within two months. Lightspeed will align its India fundraising cycle with its global funds and concentrate this new regional vehicle’s investments entirely on AI rather than multiple sectors.
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29 October 2026
The story behind today’s AI news is less about smarter models and more about who pays the power bill. Microsoft is projecting calendar-year 2026 capex of about $170 billion, with more than $50 billion expected in the current quarter, even as it tries to keep Azure growth climbing. The company also posted $36.6 billion in profit for the three months ending September 30, but that figure lands on the heels of layoffs and voluntary buyouts for roughly 60,000 workers—an effort to fund infrastructure without turning the profit story into a permanent casualty.
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