Perplexity signs a deal with Microsoft; sources say the $750M, three-year commitment will let Perplexity deploy AI models through Microsoft's Foundry service
AI startup Perplexity signed a $750 million deal with Microsoft Corp. to use its Azure cloud service, spreading its business beyond longtime cloud partner Amazon.com Inc.
Toronto-based self-driving truck startup Waabi raised a $750M Series C led by Khosla and G2 and partners with Uber, which can invest $250M based on performance
Waabi Innovation Inc., a Canadian startup that develops self-driving technology for trucks, has secured $1 billion in funding …
Augmented Intelligence, which is building neuro-symbolic AI models, raised $20M in a bridge SAFE round at a $750M valuation, taking its funding to nearly $60M
Carl Franzen / VentureBeat :
Apple and Formula One announce a five-year US media rights deal for all races, starting in 2026; sources: Apple is paying ~$140M/year, up from ESPN's ~$85M/year
and no one saw it coming BBC : Apple wins US F1 TV rights in $750m deal Wendy Lee / Los Angeles Times : F1 races to air exclusively on Apple TV next year Timi Cantisano / Android Police : YouTube TV v...
Groq, which sells AI chips and data-center compute powered by those chips, raised $750M led by Disruptive at a $6.9B post-money valuation to expand its capacity
Funding round is led by Disruptive, includes Blackrock and Neuberger Berman — Artificial intelligence chip startup Groq Inc …
Sources: Pinecone, which provides an AI-compatible vector database, is exploring a sale after receiving takeover interest; Pinecone was valued at $750M in 2023
The Information :
Blackstone agrees to acquire a majority stake in NetBrain, valuing the Burlington, Massachusetts-based network operations and automation company at $750M
Ryan Gould / Bloomberg :
Anthony Pompliano's ProCap raised $750M+, including $235M in convertible debt, and is going public via a SPAC; the new firm aims to hold up to $1B in bitcoin
The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in.
Sources: PsiQuantum, which is building a physical quantum computer, is in the process of raising $750M+; a source says Nvidia is in advanced talks to invest
Anissa Gardizy / The Information :
Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., and increases its share buyback program to $750M after activist pressure; LYFT jumps 20%+
Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday …