Elon Musk’s tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a $20 billion valuation, according to The Wall Street Journal. The deal has not been finalized and the terms could change, says the WSJ. At $20 billion, the valuation would be a significant increase over The Boring
Defense technology company Anduril is said to be raising a new round of capital that may increase its valuation to between $40 billion and about $100 billion, Reuters reported, citing unnamed sources. The company, which raised $5 billion in May at a valuation of $61 billion (roughly double the $30.5 billion valuation it garnered in
Corgi, an insurance technology, data room software and coffee shop startup, is reportedly raising another round that closely follows its latest raise and would double its valuation, sources told Forbes. The round is said to be a second extension of its Series B round and is already closed. Corgi announced its latest round, the $106
OpenAI announced Wednesday that it will spend $750 billion on infrastructure through 2030, about 25% more than it estimated earlier this year, The Wall Street Journal reported. The renewed blitz comes as its Stargate data center project appears to have stalled. The first salvo in OpenAI’s spending spree will be a $20 billion data center
Travis Kalanick’s robotics company Atoms has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board of directors following the investment. Bain Capital, Fifth Wall and others participated in the round. Perhaps most notably, Uber also joined the funding round, reconnecting Kalanick with the company he founded,
European regulators have cleared Paramount Skydance’s $110bn (£85bn) acquisition of Warner Bros Discovery, although the mega-merger still faces a legal hurdle in the US. The European Commission gave the green light after Paramount agreed to end a major film distribution partnership with Universal Pictures in Europe. Paramount will break the agreement within 13 months and