Opinion
The AI Boom Is Moving From Faith to Collateral
The money for artificial intelligence hasn't stopped flowing. It has started asking for a receipt. This week's deals show a market that is still…
Archive
artificial intelligence
Major Financing
Amazon Sets Up $80 Billion Secured Facility to Fund Tech Hardware
Amazon.com Inc. has arranged to borrow as much as about $80 billion against the computer hardware it buys, a new and secured form of…
Capital Raises
OpenAI Cuts Funding Round Target to $20 Billion Amid Tech Selloff
OpenAI has scaled back its latest fundraising, now seeking up to about $20 billion instead of roughly $30 billion, after a sharp selloff in…
M&A
Aramco Closes $2.6 Billion Deal for 49% of Saudi AI Firm Humain
Saudi Arabian Oil Co. completed the purchase of a 49% stake in Humain, the artificial-intelligence company created by the kingdom's sovereign-wealth fund, bringing the…
Capital Raises
Analytics Startup Hex Raises $100 Million at $1.2B Valuation
Hex Technologies Inc., a San Francisco maker of data analytics software, raised $100 million at a $1.2 billion valuation, betting that investors will back…
M&A
Guidewire to Buy AI Underwriting Firm Hyperexponential for $1.7B
Guidewire Software Inc., which sells core systems to property and casualty insurers, agreed to acquire London-based Hyperexponential Ltd. for a base price of $1.7…