Fundraising

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter.The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in December as it launched new model Command-R, said the source, who requested anonymity to discuss confidential matters.Elevate Your Tech Prowess with High-Value Skill…

Once upon a time, long before he set his sights on the White House, Donald Trump leveraged his massive real estate empire into a braggadocious reality TV show called The Apprentice. The show’s bombastic theme song sang “money, money, money, money,” at viewers over shots of Trump’s New York properties, private planes, and helicopters. Now, two decades after the show first premiered, the former president is begging his followers to fork over cash in order to preserve the assets on which he built his throne.  “KEEP…

Hot on the heels of the successful completion of its grid-connected geothermal power plant in Nevada, Fervo Energy is raising $221 million per SEC documents, TechCrunch has exclusively learned. The Houston-based company is one of several enhanced geothermal startups that are racing to tap heat deep in the Earth’s crust. Previous geothermal plants have only scratched the surface by accessing hot springs or shallower rock formations. Fervo uses directional drilling techniques pioneered by the oil…

Imagine, if you will, a contractor who approaches you with a gleam in their eye and a plan so vague it might as well be written in invisible ink. “Trust me,” they say, “I’ll work on your house for three months. I’ll spend 30% of the money on plumbing, 30% on framing and building the walls and roof, 10% on electric work, and the rest on paint and such.” When you ask if the house will be livable by the end, they shrug. “Who knows? But isn’t the journey exciting?” This is a scenario so absurd you’d laugh the contractor…

Investors are pouring billions of dollars into companies pursuing music-rights deals. Investors are pouring billions of dollars into companies pursuing music-rights deals. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

If you’re looking at the current seed funding climate and thinking it’s rough out there, you’re not alone. The last few years have been a roller coaster for startups. First came the uncertainty in the early days of the pandemic, then came the exuberance mid to late in the pandemic when cash flowed freely to startups of nearly every stripe. Seed funding sizes were up, and so were valuations. Today, things aren’t quite so copacetic. Money is tighter, and the hurdles for startups are higher. But…

Robert Kennedy Jr. and a super PAC backing his 2024 presidential campaign have raised $50 million, according to new federal election records released Wednesday. Half of that staggering cash haul has come from two people.  Timothy Mellon, a Republican megadonor who backed Donald Trump’s failed 2020 reelection campaign, has donated $15 million to the pro-Kennedy super PAC, American Values 2024. Mellon is an heir to the Mellon banking fortune. Gavin de Becker, who leads Kennedy’s private security team, has…

Japanese ecommerce conglomerate Rakuten Group said on Wednesday that it will issue $1.8 billion of U.S. dollar-denominated 3-year senior notes at an interest rate of 11.25%.The fundraising will allow Rakuten to fully buy back its 10.25% senior notes and 3.546% senior notes due in 2024, which have a combined principal outstanding of $1.75 billion.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and…

Both the donation number and amount are influenced by emotional and contextual cues derived from the disease relief projects on a fundraising website. Images and textual data from 1,763 projects were assessed to determine how positive and negative emotions, and external contextual cues factored in donation behavior on the Tencent Gongyi platform in China. Credit: Journal of Social Computing, Tsinghua University Press The…

Media streamer Plex has raised new capital. The company, which began as a media organization startup, has morphed over the years to become a one-stop shop for all your media, including ad-supported streaming, which now accounts for much of its revenue growth. The new round, which has not yet been disclosed, was initially said to be larger than Plex’s $50 million growth round closed a few years ago, but we now understand it’s $40 million, a rep for Plex has confirmed. The funds will help fuel the company’s push toward…