Latest in Funds 1.2bn Win
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Jailed former Malaysian leader apologizes for fund embezzlement scandal, reiterates his innocence
Imprisoned former Malaysian Prime Minister Najib Razak issued a rare apology over the looting of a state investment fund worth billions of dollars “under my watch” while reiterating his innocenceWorld - ABC News - October 24 -
Tech boom forces US funds to dump shares to avoid breach of tax rules
Asset managers including Fidelity and T Rowe Price are bumping up against limits on size of large holdingsWorld - Financial Times - October 25 -
Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
Alphabet-owned driverless vehicle unit Waymo just closed a $5.6 billion funding round to expand its robotaxi service across the U.S.Business - CNBC - October 25 -
How a U.S. sovereign wealth fund could help Americans and challenge China’s global influence
Direct investment in long-term international development projects could boost Americans’ well-being for generationsBusiness - MarketWatch - October 26 -
Newsom calls for big boost in funding for California's film and TV tax credit, throwing Hollywood a lifeline
Gov. Gavin Newsom has unveiled plans to increase the cap on California's film and TV tax credit program to $750 million as Hollywood struggles to compete with rivals.Entertainment - Los Angeles Times - October 27 -
Peter Thiel’s Founders Fund leads $500mn fundraising for AI cloud group Crusoe
Deal values infrastructure start-up at $3bn as it benefits from spending surge on generative AIBusiness - Financial Times - October 29 -
OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round
Former Salesforce co-CEO Bret Taylor’s company keeps pulling in money from top VC firms as expectations mount.Business - Inc. - October 29 -
Elon Musk’s xAI startup said to eye funding round, valuing the company at this much
xAI is in talks with investors for a funding round, the Wall Street Journal reported.Business - MarketWatch - October 29 -
Bottom Line: Boeing, Lockheed Martin space venture lobbies up for NASA, FAA funding
Aerospace The United Launch Alliance, Boeing and Lockheed Martin's joint space venture, hired IBEX2 Solutions to lobby on civilian and commercial space issues related to policy and funding from ...Politics - The Hill - October 30