OpenAI has bought smartphone camera maker Glass Imaging in a deal worth over $300 million, according to a report from The Wall Street Journal. The company, founded in 2019 and based in Los Altos, California, had previously raised about $30 million in funding from investors. Glass Imaging was founded by Ziv Attar and Tom Bishop,
Nscale, the buzzy U.K.-based AI data center startup, has appointed former OpenAI, Meta, and Instacart executive Fidji Simo to its board. Simo joins high-profile tech executives Sheryl Sandberg, Susan Decker, and Nick Clegg on Nscale’s board ahead of the startup’s anticipated IPO this fall. Formerly CEO of AGI deployment at OpenAI, essentially the No. 2
Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion. Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes
Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports. The terms of the deal, which Bloomberg says was arranged by JP Morgan Chase, signal that Lambda is betting
AI accounting startup Rillet announced a $100 million Series C at a $1 billion valuation on Tuesday, led by Iconiq. Returning investors included Andreessen Horowitz and Sequoia. Rillet, which emerged from stealth in 2024, is quickly becoming one of the hottest AI startups in the enterprise resource planning (ERP) industry. The company’s platform deploys AI
TikTok is developing a feature that would allow users to send each other money via direct messages, according to a new report from Bloomberg. If rolled out, the feature would use the social media service’s TikTok Pay offering, which is already available in Southeast Asia for TikTok Shop purchases. References to the potential feature were
