Venture

Venture

The school's endowment invested $20 million in OpenAI during a very early fundraising round, well before Microsoft's $1 billion investment in 2019 and before most people had heard of the AI lab. That stake is now expected to be worth roughly $2 billion, representing a staggering 9,900% return on a single investment.

Intertek has become the latest FTSE 100 business to agree to a takeover, backing a 10.6bn approach from a private equity firm owned by Sweden's billionaire Wallenberg family. After rebuffing three previous approaches, Intertek's board said it was minded to recommend the 60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there is a firm offer. The deal is worth 10.6bn including debt, or 9.4bn without. The previous bids were pegged at 58, 54 and 51.0 a share.

Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, offered by these firms is void and will not be recognized on our books and records.

Harada announced the new studio with a short video discussing how he landed at SNK and laying out his vague creative intentions. Essentially, he said he wants to focus on making great games with trusted colleagues, and it sounds like VS Studio is still in its infancy, as he encouraged interested developers to apply to work there. In a press release, Harada said the studio's philosophy is, "beyond tradition, crafted to perfection," and "VS" stands for a number of ideas, including Visionary Standard, Volition Shift and Vanguard Spirit.

"I've never seen a situation like this change so quickly," says Wettlaufer, partner at the short-selling shop Bleecker Street Research, which opened its short position into SVB in January. Wettlaufer wasn't talking about the events of the last two and a half days-when a bank run ushered the California financial regulator into its offices to close it down not long after SVB said it was raising more than $2 billion in capital through a share sale. No-Wettlaufer was referring to the last two years.

Grand Games Oyun ve Yazılım, the Istanbul-based mobile gaming studio behind Magic Sort and Car Match, has raised $70m in a Series B funding round led by Balderton Capital's Growth Fund, the company said on Monday. Bek Ventures, Laton Ventures and angel investor Mert Gür participated alongside Balderton, which is doubling down on its January 2025 Series A position. The latest round brings Grand Games' total funding to $103m.

“So we opened them three Fidelity investment accounts,” she said. “The stock market hasn't been great, so they lost $65, and their just, like, minds are blown.” The Journal reporter asked whether the children are picking stocks or ETFs. Ellsworth replied that they were buying “safe” and “slim pickings” stocks, such as Apple and Microsoft.

Lonsdale suggested starting small: He and some of his friends would pay for a one-mile, approximately $6 million to $7 million underground tunnel system, built by Elon Musk's the Boring Company, that would connect his friends' land around town. He said that the initial mile-long tunnel could spark interest from leadership for a citywide tunnel system that the Boring Company could ultimately build in partnership with the city, and a pitch deck he sent after the call refers to "a growing group of successful citizens" willing to donate or sell land at below-market prices for stations near the airport, Tesla's Austin gigafactory, the Q2 Stadium, Lonsdale's house, and his venture capital firm, 8VC.

The first wave of the AI boom rewarded the most obvious names. The next wave spreads wealth across the entire infrastructure stack: foundries, custom silicon, networking fabric, and enterprise deployment tools. Hyperscaler CapEx is climbing, agentic AI drives inference loads that dwarf training, and every gigawatt of new compute pulls dollars through a long supply chain.

The European Union's new Scaleup Europe Fund has made its first investment, leading a $160m round in UK-based Quantum Motion. The deal is the largest single funding round any European silicon-spin-qubit company has secured to date and the first major late-stage commitment of the EU vehicle that has been in design at the European Investment Fund for the better part of two years.

The company sold shares at $6.50 each, well below its closing price of $9.10, according to a filing with the Securities and Exchange Commission (SEC). The raise also included warrants - instruments that give investors the right to buy additional shares later at a set price, in this case as low as $6. The financing came from existing backer Ares Management and several unnamed institutional investors.

Skyroot Aerospace, the Hyderabad-based private launch-vehicle developer, has crossed into unicorn territory with a fresh round backed by GIC and BlackRock-managed funds. The deal makes Skyroot India's first space-technology company to reach a $1bn-plus valuation, the kind of milestone the country's still-nascent private space sector has been working toward since regulatory liberalisation in 2020.

Canaccord asserted that Hut 8's strategic progress continues to accelerate. In just a couple of quarters, the company has signed two marquee AI co-location deals with "some of the best terms we have seen across the sector." That language matters because it signals Hut 8 is winning enterprise-grade AI tenants rather than speculative compute customers.

Given good results no longer mean a good reaction, perhaps it's only natural to think about taking a few chips off the table, at least until Dr. Michael Burry, who maintains his bearish bets against the company, looks to cover and move on. After a disappointing move to an impressive quarter, though, the stock is becoming cheaper.