Japan’s central bank has raised its main interest rate to a fresh 31-year high as it continues to move away from decades of ultra-low borrowing costs and as the country faces increasing economic pressures. In a widely expected move on Friday, the Bank of Japan (BOJ) increased the rate from 1% to 1.25% – a
Data center developer Crusoe said Thursday it raised $3.9 billion in a Series F round that pushes its valuation to $30.9 billion. The massive round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Founders Fund, GIC, Nvidia, Qatar Investment Authority (QIA), Radical Ventures, and TPG also participated, according to Crusoe. Crusoe also
Voice AI has emerged as one of the hottest sectors in AI, with investors pouring in billions of dollars to serve use cases ranging from automating customer support and sales calls to creating meeting notetakers and developing AI smart glasses that use voice as the primary interaction surface. Meanwhile, AI labs are quickly releasing models,
Cornelis, a company creating networking technology to help AI chips communicate more effectively, announced Monday that it has raised $205 million in a funding round led by IAG Capital Partners. It also announced a product it calls Active Compute Fabric, a network technology that targets the fact that much GPU time is wasted waiting for
Stablecoins have made it exceptionally easy to move money across borders instantaneously. The problem that remains for users, especially those in emerging markets, is getting those funds to their preferred local payment methods. Texas-based global payments infrastructure company Latitude aims to change this by giving businesses the infrastructure to use stablecoins to send local currency
UK-based manufacturing software startup CloudNC announced a $20 million B extension round on Wednesday, bringing its lifetime total raised amount to $128 million. The company’s last major raise was four years ago, its co-founder and CEO Theo Saville told TechCrunch. Saville launched CloudNC in 2015 with Chris Emery, now the company’s chief science officer, and
