Cursor is nearing a funding round of at least $2 billion, with returning investors Thrive and Andreessen Horowitz expected to lead the financing at a $50 billion valuation. The deal terms are not final and may still change.
Dr. Michael Burry of The Big Short fame doesn't seem to be willing to back down as a bear in the epic tug-of-war with Palantir shareholders and the great CEO Alex Karp. Undoubtedly, Burry seemed to have been getting his way, with shares of Palantir plunging viciously into a bear market amid one of the worst software slumps in recent memory.
Blackstone announced on Monday it was leading a $600 million equity investment in Indian AI cloud startup Neysa, while chip giant AMD announced an expanded partnership with Mumbai-based Tata Consultancy Services to deploy up to 200 megawatts of AI infrastructure capacity in India.Blackstone's multi-million-dollar commitment to Neysa will help deploy more than 20,000 GPUs for AI training in India, while AMD's partnership with TCS aims to support India's sovereign AI initiatives and accelerate enterprise deployments.
The banking services on the Fi app will soon be discontinued; however, your Savings Account with Federal Bank remains active and fully operational. Your funds remain completely safe and accessible at all times. The company said in the email, reviewed by TechCrunch.