SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push

• SoftBank in talks to invest up to $25 billion in OpenAI

  SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the company's biggest backer, CNBC has confirmed.
  
  CNBC - 6h
• 

  Meta to Increase Spending to $65 Billion This Year in A.I. Push

  Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
  
  The New York Times - 2d

• This man wiped $600 billion off Nvidia’s valuation by marrying quant trading with AI

  DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try their hand at tech.
  
  MarketWatch - 2d

• Brussels pushes ‘buy European’ procurement plan

  Leaked policy proposal would give government option to exclude foreign companies from public contracts
  
  Financial Times - 5d
• 

  Trump Announces $100 Billion Stargate A.I. Initiative With OpenAI, Oracle and SoftBank

  OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.
  
  The New York Times - Jan. 21
• 

  Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules

  The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.
  
  The New York Times - Jan. 9
• 

  AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

  The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.
  
  Inc. - Jan. 8

• Anthropic’s $60 billion valuation would obscure a stark reality in AI

  Anthropic may be joining rival OpenAI with its own eye-popping valuation, but the hefty valuations for the two biggest AI startups obscure the fact that, for now, these companies are burning ...
  
  MarketWatch - Jan. 8

• Anthropic in talks to raise funding at $60 billion valuation

  AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.
  
  CNBC - Jan. 7

More from CNBC

• American Airlines regional jet carrying 64 collides midair with military helicopter near D.C. airport

  An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.
  
  CNBC - 58m

• Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

  Tesla reported weaker-than-expected earnings and revenue for the quarter that ended in December.
  
  CNBC - 9h

• Zuckerberg says Meta won't slow down AI spend despite DeepSeek's breakthrough

  Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won't likely curb Meta's AI spending.
  
  CNBC - 6h

• Oil giant Shell raises dividend despite full-year profit miss

  British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
  
  CNBC - 24m

• Microsoft shares slip on weak quarterly revenue guidance

  Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.
  
  CNBC - 7h

More in Business

• Shares of fashion giant H&M drop as fourth-quarter sales miss estimates but full-year profit beats

  H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.
  
  CNBC - 11m

• Deutsche Bank shares drop 5% after quarterly profit falls, cost target scrapped

  Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.
  
  CNBC - 14m

• Oil giant Shell raises dividend despite full-year profit miss

  British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.
  
  CNBC - 24m

• ECB decision: Rates expected to come down to nearly two-year low

  The European Central Bank is expected to cut interest rates as the disinflationary process continues amid worries about the strength of the economy.
  
  MarketWatch - 25m

• American Airlines regional jet carrying 64 collides midair with military helicopter near D.C. airport

  An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.
  
  CNBC - 58m