Topic: corporate spin-off
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Anew Labs Raises $290M at $1.5B Valuation, Reuters Reports
ByteDance finalized a $290 million funding round for its independent AI drug discovery subsidiary, Anew Labs, valuing the entity at $1.5 billion while retaining a 56% majority stake. The spin-off is backed by prominent investors including HSG and IDG Capital, aiming to foster long-term growth by ...
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Nebius paid $643M for 20 people as inference drives AI profits
Nebius Group has agreed to acquire Eigen AI, a 20-person startup, for roughly $643 million to boost its AI inference optimization capabilities. The deal targets the critical niche of making AI inference faster and cheaper, which is key to real-world profitability as the industry shifts from model...
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MSNBC Rebrands as MS.NOW: A New Digital Era
MSNBC has rebranded to MS NOW with a new website domain and logo, modernizing its digital presence while removing the iconic MSNBC peacock. The rebranding is part of its strategic separation from NBC News, establishing an independent newsroom and brand under parent company Comcast's spinoff plan....
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