Topic: corporate investment
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Krafton Invests $250M in India Beyond Gaming
Krafton is investing an additional $250 million in India over the next three to four years, bringing its total regional commitment to over $500 million while expanding beyond gaming into AI and robotics. The company has navigated significant regulatory challenges by localizing PUBG as BGMI and mi...
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Magna Invests $35M in Yuma to Boost Battery Swapping in India
Magna International is investing an additional $35 million in Yuma Energy to expand its battery swapping infrastructure, capitalizing on the need for high vehicle uptime among India’s growing gig economy. Yuma aims to double its battery fleet and achieve overall EBITDA break-even within two quart...
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Tekken Veteran Kohei Ikeda Joins VS Studio as Game Designer
Kohei Ikeda, the director of Tekken 8, has officially joined VS Studio as a game designer after leaving Bandai Namco following a two-decade tenure. The studio was established earlier this year under Katsuhiro Harada and Yuichi Yonemori with significant backing from SNK to foster a creative enviro...
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Prosus invests $100M in Navi at reduced valuation
Navi, the Indian fintech founded by Sachin Bansal, raised $100 million from Prosus, its first external institutional funding, at a valuation of roughly $1.3 billion ahead of its planned IPO. The valuation is lower than earlier private market assessments, reflecting a cautious approach by Prosus w...
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Muon Space raises $250M from Google, Salesforce backers
Muon Space raised $250 million in its largest funding round, with participation from Google and Salesforce. The investment highlights growing confidence in space-based climate monitoring, particularly its wildfire-detection satellite constellation. The funding will help scale operations and expan...
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SpaceX's Terafab opts for natural gas over Tesla solar
SpaceX will build natural gas power plants with large battery arrays to power its Terafab semiconductor facility in Texas, marking a shift away from renewable energy with no mention of solar power despite Tesla's partnership. The project, located in Grimes County, benefits from a 100% tax abateme...
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Samsung in talks to back Mistral at €20bn valuation
Samsung is in discussions to invest in AI startup Mistral, potentially valuing it at €20 billion, as part of its strategy to expand in generative AI. The investment would support Samsung’s push into AI-powered hardware and could lead to deeper collaboration on integrating Mistral’s language model...
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Amazon launches $1B FDE org to rival OpenAI and Anthropic
Amazon Web Services launched a new division of forward-deployed engineers (FDEs) who will embed with clients to build custom AI agents and teach them to become self-sufficient. AWS committed $1 billion to this effort, emphasizing rapid execution and leaving clients with lasting AI skills rather t...
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Guerrilla co-founder building European game engine to rival Unreal
Arjan Brussee, co-founder of Guerrilla Games, is developing "The Immensive Engine" as a European alternative to Unreal Engine and Unity, built to comply with European regulations and hosted in Europe. The engine features an AI-first architecture, designed to leverage AI agents to accomplish the w...
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Letterboxd’s Future: What’s Coming Next
Letterboxd grew from 1 million to over 26 million users since 2020, driven by pandemic-era streaming, and Tiny acquired 60% of the platform in 2023 for $50 million, promising to preserve its independence. Under Tiny's ownership, Letterboxd has introduced display advertising and a streaming rental...
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Atech secures pre-seed funding from Sequoia, a16z, and Lovable
Atech, a Copenhagen-based startup, has raised an undisclosed pre-seed round from investors including Nordic Makers, Emblem, Lovable, and the Sequoia and Andreessen Horowitz Scout Funds, aiming to democratize hardware prototyping through "vibe-engineering" that lets users describe a device in plai...
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Uber Buys More Lucid Robotaxis, Company Names New CEO
Lucid Motors and Uber have significantly expanded their partnership, with Uber increasing its order of Lucid Gravity SUVs for a robotaxi fleet from 20,000 to 35,000 vehicles. Uber is increasing its financial commitment to Lucid by adding $200 million to its previous investment, while Lucid is als...
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Rivian EV sales rise despite industry slowdown
Rivian's Q1 2026 results show strong growth, with vehicle deliveries up 20% year-over-year and production up 30%, defying broader industry challenges. This positive start follows a difficult 2025, where sales and production fell significantly due to the expired federal EV tax credit and increased...
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Lululemon Invests in Epoch Biodesign for Recycled Apparel
Epoch Biodesign uses specialized enzymes to break down plastic waste into its core chemical monomers, achieving over 90% recovery and aiming to create virgin-quality materials. The company's initial commercial focus is on recycling nylon 6,6 from waste textiles, decoupling production from fossil ...
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OpenAI's Sora App to Shut Down After Controversy
OpenAI is shutting down its Sora short-form video app, which launched as an AI-first alternative to TikTok but failed to sustain public interest despite initial buzz and being powered by the advanced Sora 2 video generation model. The platform was plagued by controversies, including the creation ...
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Amazon Buys Rivr, Maker of Stair-Climbing Delivery Robots
Amazon has acquired Rivr, a Swiss robotics company, to address the "last-mile" delivery challenge by using its autonomous robots that can navigate stairs to reach doorsteps directly. Rivr's CEO stated the acquisition will accelerate their vision of "General Physical AI," leveraging Amazon's resou...
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Fortnite Creators Can Now Make Star Wars Games
Epic Games and Disney have launched a new feature allowing Fortnite creators to officially build and publish their own Star Wars games and experiences using the Unreal Editor for Fortnite (UEFN), with public publishing starting May 1st. The partnership provides creators with a vast library of Sta...
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Google Finalizes $32 Billion Wiz Acquisition
Google has completed its largest-ever acquisition, purchasing cybersecurity firm Wiz for $32 billion in cash to enhance Google Cloud's security offerings. Wiz, known for its cloud security platform, will operate within Google Cloud while continuing to secure customer operations across all cloud p...
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Thinking Machines Lab Lands NVIDIA Investment
NVIDIA and Thinking Machines Lab have formed a major strategic alliance, centered on a multi-year compute commitment for at least a gigawatt of NVIDIA's Vera Rubin AI systems, with the chip supply valued in the tens of billions of dollars. The startup, founded by former OpenAI executive Mira Mura...
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Data Centers Reach the Arctic Circle's Edge
A former paper mill in Sweden is being converted into a data center, symbolizing a shift from physical media to AI computation, as the Nordic region experiences Europe's fastest data center expansion driven by AI demand. The AI-driven building boom is a response to a critical shortage of large, p...
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