Prime Intellect raised $130 million in a Series A funding round to scale its tech stack and target new problems with its “open superintelligence stack.” The company trains open frontier models and provides customers with the compute, large-scale reinforcement learning (RL), environments, sandboxes, evaluations and...
Federal securities regulators are exploring ways to encourage more companies to go public. To that end, the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee said it will hold a meeting this month to examine “ways to modernize public market access and encourage...
Cryptocurrency-focused venture capital firm Paradigm raised $1.2 billion in a new fund to invest in spaces like artificial intelligence and robotics, Bloomberg News reported Wednesday (July 8). “Crypto was the first frontier for us, and it continues to be a really exciting one,” managing partner...
Stablecoin issuer Tether is investing $20 million in Brazil-based digital assets platform Mercado Bitcoin. “The investment reflects Tether’s continued commitment to supporting open, efficient, and accessible financial infrastructure in high-growth markets and reinforces Brazil’s role as an advanced ecosystem for digital asset adoption, tokenization, and...
Online auto sales marketplace Bidbus has raised $15 million in new funding. The company says its Series A round, announced Tuesday (July 7) will help it expand on its mission to make selling a vehicle “as transparent and competitive” as trading stocks. “Nearly 39 million used cars are sold...
South Korean semiconductor maker SK Hynix is preparing to go public in the U.S. And as Bloomberg News reported Sunday (July 5), the company’s $29 billion listing — set for July 10 and believed to be the largest ever share sale by a foreign firm...
geoSurge raised $12 million in a seed round to help brands shape how they are seen in generative artificial intelligence systems such as ChatGPT, Gemini and Claude. The company was founded just over a year ago and now supports customers across four continents and multiple...
Plaid has held preliminary discussions with banks about a potential initial public offering, Bloomberg reported Wednesday (July 1), citing unnamed sources. The company is considering the move but has not made a final decision, according to the report. Plaid did not immediately reply to PYMNTS’...
Twelve Labs argues that AI is leaving a text-based era and pivoting to video. Now, the artificial intelligence (AI) startup has $100 million in new funding to explore that idea, according to an announcement on its blog Wednesday (July 1). “Five years ago, we began with a simple...