Valuation Reaches 1bn

GM raises investment in lithium mine to nearly $1bn

US carmaker seeks to secure supply of metal expected to suffer shortfalls because of rising demand in switch to EVs

Business - Financial Times - October 16

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - October 30

UAE-based EDGNEX partners with Proen in $1bn joint venture

World - Yahoo News - October 14

$1bn US battery plant plan shows race to reduce reliance on China

A new technology eschews graphite, nickel, manganese and cobalt, of which Beijing controls most of the world’s supply

World - Financial Times - October 15

Perplexity AI Hopes to Double Its Valuation to $8 Billion

The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.

Business - Inc. - October 20

Perplexity AI seeks valuation of about $9 billion in new funding round

Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.

Business - CNBC - October 21

Harris raises nearly $1bn to surge past Trump in election money race

Democratic candidate pulled in more cash in three months than Republican challenger has managed since January 2023

World - Financial Times - October 21

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

Aware Super and Delancey to invest up to £1bn in London’s office sector

Australian pension fund partners with UK property group in bet on asset class hit by higher rates and remote working

Business - Financial Times - October 24

UK tax raid on private equity could raise £1bn, say researchers

Analysis of HMRC data by Centre for the Analysis of Taxation comes as industry braces for Budget changes

Business - Financial Times - October 25

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.

Business - CNBC - October 28

The $1bn World Series champion Dodgers have everything except complacency

Los Angeles have resources beyond the wildest dreams of most other MLB franchises. But they still had to scrap for their second title in five seasons. Hours after the last out of the 2024 Major ...

World - The Guardian - October 31

Mubadala and KKR among groups that have held talks with UK data firm 9fin

Investment valuing market information provider at about $500mn would be the sector’s latest high-profile deal

Business - Financial Times - 6 days ago

AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round

The artificial intelligence search company is raising $500 million in its fourth funding round this year.

Tech - The Wall Street Journal - 2 days ago

Palantir’s stock racks up new bearish call on its ‘unsustainable’ valuation

A Jefferies analyst thinks Palantir’s large base of retail-investor support “is a double-edged sword.”

Business - MarketWatch - Yesterday

Tesla surpasses $1 trillion in valuation in the wake of Trump's victory

Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.

El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt

Deal linked to promise of river conservation is latest example of increasingly popular ‘debt for nature swaps’

World - Financial Times - October 17

Trump gets record donations from big oil but far less than $1bn he wanted

Republican ex-president has received $14.1m oil and gas industry making it his fourth-biggest source of cash. Donald Trump has raised more money from the oil and gas industry than at this stage ...

World - The Guardian - October 18

AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion

The search-based chatbot is seeking to raise around $500 million in what would be its fourth funding round in a year.

Tech - The Wall Street Journal - October 20

AI search start-up Perplexity targets $8bn valuation in new funding round

Investor frenzy over artificial intelligence continues after OpenAI valued at $150bn in latest fundraising

Business - Financial Times - October 21

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

Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation

Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.

Business - CNBC - 3 days ago

DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.

Tech - VentureBeat - 6 days ago

Perplexity AI in final stages of raising $500 million round at $9 billion valuation

Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.

Business - CNBC - 2 days ago

Democrats pick apart Trump victory: ‘How do you spend $1bn and not win?’

Party operatives and strategists search for answers after Kamala Harris’s defeat and look for lessons to be learned. US election 2024 – latest updates US election results 2024: live map and ...

World - The Guardian - 2 days ago

Harris works to reach young voters

As Vice President Kamala Harris' campaign spends tens of millions of dollars across social media to reach young voters, Harris campaigned in Wisconsin Thursday, trying to convince college students ...

Walmart reaches opioid shareholder settlement

Walmart reached a proposed settlement agreement about its distribution of prescribed opioids on Friday according to Security and Exchange Commission (SEC) filings. This settlement includes three ...

Politics - The Hill - October 19

Boulter and Draper reach quarter-finals

British number ones Katie Boulter and Jack Draper each reach another quarter-final as both look to finish their career-best seasons strongly.

Rachel Reeves gives closing speech at UK investment summit – business live

Chancellor says £60bn of investment has been announced at summit, showing confidence in UK economy. Keir Starmer will promise to slash red tape as he hosts investment summit Who will attend ...

World - The Guardian - October 14

A week on the open Atlantic, hoping to reach Europe

The BBC follows one migrant's journey from Senegal to the Canary Islands

Dad sleeps in car as housing list reaches peak

A father with chronic back pain and asthma tells how the family-of-six are struggling to live a flat.

Senate majority at risk of falling out of reach for Democrats

Former President Trump's strength in the upper Midwest is putting Senate Democrats on defense, giving the GOP hopes it can not only win the Senate majority but grow it beyond a seat or two. ...

Politics - The Hill - October 15

Trop stingrays safely reach aquarium after Milton

Seven cownose stingrays made it safely to a habitat at The Florida Aquarium after riding out Hurricane Milton in a touch tank at Tropicana Field, home of the Tampa Bay Rays.

Sports - ESPN - October 15

Harris steps up efforts to reach Black men

Vice President Harris is stepping up her outreach efforts to Black men amid concerns that her support with the voting bloc is softening. Harris is sitting down with Charlamagne tha God in Detroit ...