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Oura Health Oy, the maker of the Oura health and fitness ring, is raising $875 million in a new Series E financing round valuing it around $10.9 billion, according to a new report from Bloomberg. The round, which is expected to close by the end of the month, would double the company’s $5 billion valuation … Read more
Elon Musk’s xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources told CNBC’s David Faber. It’s the latest example of skyrocketing valuations for companies developing foundational AI models. Earlier this month, Anthropic raised $13 billion at a $183 billion valuation. OpenAI, the largest company … Read more
It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to … Read more
Bitcoin faces its weakest month, but history shows Q4 often brings recovery. The question is whether September’s drag will again set the stage. Summary September is historically Bitcoin’s weakest month, but Q4 has often reversed losses, with October and November delivering some of the strongest rallies on record. Bitcoin trades near $111,000 after a 10% … Read more
Key Takeaways SharpLink Gaming has increased its Ethereum holdings to nearly 800,000 ETH, valued at nearly $3.6 billion. The company earned 1,799 ETH in staking rewards and recently approved a $1.5 billion stock buyback plan. Share this article SharpLink Gaming, which manages one of the largest Ethereum treasuries, disclosed Tuesday that it had added 56,533 … Read more
OpenAI CEO Sam Altman says his experience of becoming a father earlier this year has profoundly affected his outlook and has reframed how he thinks about the far-reaching implications of his work in artificial intelligence. Altman and his husband, Australian software engineer Oliver Mulherin, welcomed a baby boy in February via surrogacy. Altman and Mulherin, … Read more
There’s a generally accepted script in Silicon Valley: Identify a startup idea. Sell a chunk of your company to raise venture capital. Make sales. Raise more venture capital, and make more sales. Repeat until the company goes public, or gets acquired, hopefully for billions either way. But what if you didn’t get on a fundraising … Read more
Welcome to Eye on AI! AI reporter Sharon Goldman here, filling in for Jeremy Kahn. In this edition… Sam Altman’s AI paradox…AI has quietly become a fixture of advertising…Silicon Valley’s AI deals are creating zombie startups…sources say Nvidia working on new AI chip for China that outperforms the H20. I was not invited to Sam … Read more
Michelle Williams is opening up about life as a mom of four. The Dying for Sex star quietly welcomed her fourth child earlier this year via surrogate, as reported by People in April. The newborn is her third child with husband Thomas Kail, with whom she also shares son Hart, 4, and another child born … Read more
The juggle was real for Reese Witherspoon when it came to balancing her Hollywood career and family life. Taking to Instagram on Thursday, August 14, Witherspoon candidly shared what it was like to balance raising her three kids, Ava, 25, Deacon, 21, and Tennessee, 12, with her high-powered acting career. (Witherspoon shares Deacon and Ava … Read more
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