investments | ForkLog

ForkLog 18 03.10.2024

OpenAI Secures $6.6 Billion, Valued at $157 Billion

The AI firm OpenAI has raised $6.6 billion, valuing the company at $157 billion. This transaction ranks among the largest in the history of venture capital investments. “The new funding will allow us to double down on leading-edge AI research, expand computational capabilities, and continue developing tools to help people solve complex problems,” the company […]

AI translated

ForkLog 13 18.09.2024

Bitget and Foresight Ventures Acquire $30 Million in Toncoin

The cryptocurrency exchange Bitget and the fund Foresight Ventures have announced the acquisition of Toncoin (TON) worth $30 million from major holders, as reported by CoinDesk. Investor representatives told the publication that the transaction was not structured as a traditional venture capital infusion. The tokens were purchased directly from unnamed figures within The Open Network […]

AI translated

ForkLog 10 18.09.2024

Microsoft and BlackRock Form $100 Billion AI Investment Group

Microsoft, BlackRock, and others plan to raise up to $100 billion for investments in the development of data centers and energy infrastructure for AI. “The $100 billion investment potential will enhance America’s competitiveness in artificial intelligence while simultaneously meeting the growing need for energy infrastructure to support economic growth,” the statement said. BlackRock, Microsoft, investors […]

AI translated

ForkLog 11 12.09.2024

OpenAI Valuation Soars to $150 Billion, Reports Suggest

OpenAI is reportedly in talks to raise $6.5 billion, valuing the company at $150 billion. This information comes from Bloomberg, citing sources. The AI startup also aims to secure $5 billion from banks through a revolving credit line. Earlier reports from the media indicated that Sam Altman’s company was in discussions with investors to raise […]

AI translated

ForkLog 13 04.09.2024

AI Startup Safe Superintelligence Secures $1 Billion Investment

Founded by former OpenAI lead scientist Ilya Sutskever, the AI startup Safe Superintelligence has raised $1 billion. This was reported by Reuters, citing information from company executives. The funds will be allocated towards developing “safe artificial intelligence systems that far exceed human capabilities,” as well as purchasing computing power and hiring staff. The current team […]

AI translated

ForkLog 56 29.08.2024

OpenAI Valuation Surpasses $100 Billion Amid Investment Talks

OpenAI is in discussions to secure new investments at a valuation exceeding $100 billion, according to Bloomberg, citing sources. Sam Altman’s startup has been in talks to raise funds since at least December. Thrive Capital is reportedly investing around $1 billion, the agency notes. On Wednesday, OpenAI’s CFO Sarah Friar informed employees that the funds […]

AI translated

ForkLog 17 27.08.2024

Crypto Millionaires Surge by 95% Amid 2024 Bull Run

The number of investors holding at least one million dollars in cryptocurrencies has reached 172,300, marking a 95% increase from the previous year, according to the Crypto Wealth Report 2024 by Henley & Partners. The Crypto Wealth Report 2024 is a unique publication for followers of digital assets and private wealth and investment migration trends […]

AI translated

ForkLog 16 19.08.2024

AMD to Acquire ZT Systems for $4.9 Billion to Boost AI Capabilities

AMD has announced its acquisition of AI infrastructure developer ZT Systems for $4.9 billion, according to FT. The deal will enable the American chipmaker to accelerate the deployment of its AI data center product line and compete with Nvidia’s popular graphics processors, AMD noted. “This will bring a thousand world-class design engineers to our team, […]

AI translated

ForkLog 32 14.08.2024

TON Ventures Secures $40 Million in Funding

Former TON Foundation employees Jan Wittkopp and Inal Kardan founded the venture firm TON Ventures, securing initial investments of $40 million. The initiative aims to support startups within The Open Network (TON). “We will invest at the application level, as well as in tools that enhance the development and monetization process of TON ecosystem applications,” […]

AI translated

ForkLog 17 13.08.2024

Turkish Firm to Invest in El Salvador’s Bitcoin City Infrastructure

El Salvador is set to receive $1.615 billion in investments from the Turkish company Yilport Holding, with a portion allocated to the Bitcoin City project. Ülkemizin tarihindeki en büyük özel yatırım ???? pic.twitter.com/2cmn8T3g5p — Nayib Bukele (@nayibbukele) August 12, 2024 The funds will be used to upgrade two of the country’s ports—Acajutla and La Unión. […]

AI translated

ForkLog 34 13.08.2024

Tether to Challenge Tech Giants in AI Sector

Tether plans to invest in the AI sector by promoting decentralization and Bitcoin ethics, such as freedom of speech and access to technology and finance. This was revealed by the company’s CEO, Paolo Ardoino, in an interview with WIRED. “The concept of decentralization can be applied to various fields, such as artificial intelligence. We see […]

AI translated

ForkLog 25 23.07.2024

Canadian AI Startup Cohere Valued at $5.5 Billion

The Canadian startup Cohere has raised $500 million, achieving a valuation of $5.5 billion, thus becoming one of the most valuable AI companies globally, according to Bloomberg. The Series D round was led by pension fund manager PSP Investments, with participation from Cisco Systems, Fujitsu, AMD Ventures, and EDC. Cohere’s valuation more than doubled after […]

AI translated

#investments