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...In the third quarter, Cruise burned through about $500mn of cash, meaning its current reserves will last until the middle of next year if it receives no additional funding....
...The $100mn funding led by Warburg Pincus provides the Lithuanian technology group financial clout to expand its product range and buy other companies, said Tom Okman, its co-chief executive....
...SoftBank led a $250mn funding round for data security start-up Cohesity after the founder pitched Son there....
...A year-old artificial intelligence start-up set up by one of DeepMind’s co-founders is in discussions to raise up to $675mn, as the growing hype around generative AI drives a surge of investor interest....
...He has recently secured $270mn of new funding from backers including Nvidia, Oracle and Salesforce Ventures, which values Cohere at around $2bn....
...Among the attendees, according to the person, was Andreessen Horowitz co-founder Ben Horowitz — the veteran financier’s second trip to Saudi Arabia in less than six months....
...Last week, Oaktree Capital co-founder Howard Marks told clients the group was trying to raise $10bn to fund loans for big buyouts....
...And Nvidia has backed Inflection AI, Databricks and Cohere and co-invested with Google in Hugging Face and Runway....
...“We’ve now got 50, give or take, team partners around the world,” co-founder Tom Beahon told the Financial Times. “We’ve proven that we can help them grow their merchandise revenues....
...Additional reporting by Ivan Levingston This article was amended after publication to make clear that higher interest rates had driven the improvement in pension scheme funding levels...
...Aaron Strutt, a director at broker Trinity Financial, said one factor behind the rate cuts was the falling cost of funding mortgages for banks and building societies, as indicated by swap rates....
...The loan includes co-investments from some of its clients. Such investments have become a key part of Gramercy’s pitch to clients that it can deliver returns, no matter what the broader market does....
...Aggarwal co-founded the ride-hailing app Ola Cabs over a decade ago, before adding to his mobility empire by creating Ola Electric, and most recently expanding into artificial intelligence with start-up...
...Most recently he co-founded the News Movement, an organisation seeking to provide reliable information on platforms with large audiences of young people, such as TikTok and YouTube....
...An educational technology empire rapidly assembled by Byju’s during a pandemic funding boom is now set to be dismantled, as what was once India’s most valuable start-up looks to asset disposals to settle...
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...The fund had raised $10mn in seed funding and is targeting a $100mn launch for its fund, according to two people involved....
...The fallout remains a cautionary tale for Ivy league universities that have for years courted powerful businesspeople and on whose funding they have come to depend....
...But funding the R&D necessary to make this a reality means the company is going to need to raise more money first....
...The approach, introduced in 2016 by then education secretary Justine Greening, aimed to co-ordinate fragmented local services in 12 deprived areas to improve outcomes....
...Job moves Moelis & Co has hired Moaath Alangari, the former vice-president of Saudi National Bank’s investment banking arm, as head of its Saudi Arabia business....
...Job moves JPMorgan Chase has named technology mergers and acquisitions co-head Jay Hofmann and healthcare dealmaking co-head Ben Carpenter as co-heads of M&A for North America, according to an internal...
...“Local turnover is incredibly high now and that has contributed to the number of listings in the market,” said Tunç Yıldırım, head of institutional equity sales at Istanbul-based investment bank ÜNLÜ & Co...
...He recently launched a new start-up, online food marketplace Delli in the UK, where the start-up scene is grappling with an outdated listings regime and a decrease in government funding....
...A $450mn funding deal led by TPG in 2017 was agreed to grow scripted programming and international operations, giving the group a valuation of $5.7bn....
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