Brookfield Asset Management is targeting $10B for its new AI infrastructure fund and has already raised $5B from its balance sheet, Nvidia, and other investors
Miriam Gottfried / Wall Street Journal :
Prosus invests ~$146M in Indian travel app ixigo for a 10.1% stake; sources say Prosus plans to buy more shares from other investors to raise its stake to 15%
Peak XV Partners will sell about 3 percent to Prosus and Elevation Capital will sell another 2 percent to Prosus …
London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake
‘Largest Series B in European History’ Tim Bradshaw / Financial Times : Nvidia-backed Nscale raises $1.1bn in investor frenzy over AI infrastructure Reuters : Nscale raises $1.1 billion from Aker, oth...
Trump extends ByteDance's deadline to divest TikTok's US operations until December 16, the fourth such extension; a deal is expected to be finalized this week
nothing screams “protecting America” like Michelin-starred foreign spyware by proxy. Trump cheerfully extended ByteDance's deadline to December 16 so that Oracle, Silver Lake, [image] @americanfreedom...
Robinhood announces a feed where users can follow and copy verified trades of other investors and public figures, rolling out in beta to ~10K users in Q1 2026
Robinhood Social will allow users to post their trades and track those of public figures, like Meta's Mark Zuckerberg and former House Speaker Nancy Pelosi
Nvidia acquires Solver, a three-year-old AI coding agent startup formerly known as Laredo Labs, which had raised $8M from Radical Ventures and other investors
The Information :
Report: Vista Equity Partners and Blackstone buy out other investors in Assent for $400M, valuing the Ottawa-based supply chain software company at $1.3B
Alex Riehl / BetaKit : Source: Globe and Mail Source: Sean Silcoff / Globe and Mail : Vista and Blackstone buy Assent, valuing Ottawa compliance software company at $1.3-billion
Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive
Reportedly With a Few Strings Attached Markus Kasanmascheff / WinBuzzer : OpenAI Hits $300 Billion Valuation with SoftBank-Led Tender Deal Robert Lavine / Global Corporate Venturing : SoftBank leads O...
Filing: in OpenAI's $6.6B round, Khosla Ventures invested $405M; the majority, or possibly all, was pooled from other investors via a special purpose vehicle
Marina Temkin / TechCrunch :
Sources: a16z and other investors in the fintech Synapse, which filed for bankruptcy in early May, were aware of recordkeeping discrepancies for years
Michael Roddan / The Information :