Topic: investment rounds
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OpenAI's Record Valuation: Is It Justified?
OpenAI's potential $500 billion valuation could make it the world's most valuable private company, surpassing major firms like SpaceX and ByteDance despite its high burn rate. The valuation is supported by two transactions: a $300 billion SoftBank-led funding round and a secondary employee share ...
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BRKZ Fuels KSA Construction Boom with $30M Finance Boost
BRKZ secured up to $30 million in growth debt from Stride Ventures to expand its B2B building materials marketplace and flexible payment solutions, supporting Saudi Arabia's construction sector amid major upcoming events and giga-projects. The company has demonstrated strong growth with a fourfol...
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Amazon in $50 Billion Talks to Invest in OpenAI
Amazon is in high-stakes negotiations to invest $50 billion in OpenAI, which could anchor a $100 billion funding round and value OpenAI at $830 billion. This potential investment creates a strategic dynamic as Amazon already has a major partnership and investment in OpenAI's rival, Anthropic, thr...
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India's App Downloads Hit 25.5B in 2025, Driven by AI & Microdramas
India leads the world in app downloads, reaching 25.5 billion in 2025, but remains outside the top twenty for consumer spending. The market is driven by explosive growth in AI assistant apps, with downloads surging to 602 million, and in microdrama platforms, whose downloads increased by over 350...
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Figma Acquires Weavy to Supercharge AI Media Creation
Figma has acquired Weavy, an AI-driven image and video generation company, which will be rebranded as Figma Weave and integrated into Figma's ecosystem to enhance its AI media creation capabilities. Weavy's tools enable designers to generate and refine high-quality images and videos using various...
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