Tether Invests $775 Million in Rumble Following YouTube Rival's Bitcoin Push – Decrypt
Stablecoin issuer Tether announced the investment on Friday. $775 million Streaming video platform Rumble is a YouTube rival that bills itself as an anti-censorship platform. The company behind the USDT stablecoin is calling the deal a “definitive agreement” and will begin with an initial investment of $250 million in cash. As a result of the […]
Brazilian digital lender Nubank invests $150 million in Tyme Group – Yahoo Finance
SAO PAULO/JOHANNESBURG (Reuters) – Brazilian digital bank Nubank has invested $150 million in Time Group, a digital bank with 15 million customers in South Africa and the Philippines, as it expands into Southeast Asia and plans to go public. It was announced that it would be used to raise funds. By 2028. NuBank said in […]
Amazon invests additional $4B in OpenAI rival Anthropic
Anthropic announced Friday that longtime backer Amazon has poured an additional $4 billion into the artificial intelligence startup, doubling its investment in the company known for its GenAI chatbot Claude. Amazon will remain a minority investor and will be a key training partner for Anthropic's AI models, the company said. Amazon, Anthropic's primary cloud partner, […]
Amazon invests $4B in OpenAI’s biggest rival
Horizon Investments CIO Scott Ladner analyzes biotech stocks and drug development in The Claman Countdown. Anthropic announced Friday that it has received a $4 billion investment from Amazon to accelerate its artificial intelligence (AI) systems development efforts. The new funding brings Amazon's total investment in Anthropic to $8 billion and maintains the tech giant's status […]
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Michael Buschbacher, Partner at Boyden Gray PLLC, discusses concerns about electric vehicle mandates on “The Bottom Line.” Rivian stock soared more than 15% on Wednesday after the electric car maker announced a $5.8 billion investment from German automaker Volkswagen as part of a joint venture. After Trump was elected president for a second time, Rivian […]
Amazon invests $500M in mini nuclear reactors to power AI operations
Amazon announced a $500 million investment in projects in Virginia and Washington to power its data centers. Amazon Web Services will develop a small modular nuclear reactor near the energy company's existing North Anna nuclear power plant through a deal with Virginia utility Dominion Energy. The small reactor will be built using technology from Maryland-based […]
Toyota Invests $500 Million in Electric Air Taxi Startup
Toyota is reportedly doubling its investment in electric air taxi developer Joby Aviation with a new $500 million funding round. The auto giant seems to think the future of urban travel lies in small planes flying between skyscrapers. tech crunch report Toyota announced it will invest an additional $500 million in California-based electric air taxi […]
Blue city invests in police — and loses ‘murder capital’ moniker
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