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AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation 

AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation 

By Krystal Hu and Deepa Seetharaman Dec 11 (Reuters) - AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters. 
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Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

Nick Clegg joins VC firm HIRO Capital to target spatial AI opportunities

By Paul Sandle LONDON, Dec 10 (Reuters) - Nick Clegg, the former president of global affairs at Meta and deputy prime minister of Britain, has joined founder-led venture capital firm HIRO Capital to invest in spatial AI innovation in Europe, the firm said on Wednesday.
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Amazon announces $35 billion investment in India

Amazon announces $35 billion investment in India

Dec 10 (Reuters) - Amazon plans to invest more than $35 billion in India by 2030 to expand operations and strengthen its artificial intelligence capabilities, the U.S. e-commerce giant said on Wednesday, becoming the latest global tech firm to deepen its presence in the world's most populous country
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Port Secures $100 Million Series C Funding to Enhance Agentic Engineering Platform

Port Secures $100 Million Series C Funding to Enhance Agentic Engineering Platform

Port Secures $100 Million Series C Funding to Enhance Agentic Engineering Platform
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Ramp's $32 Billion Valuation Highlights AI and Financial Platform Expansion

Ramp's $32 Billion Valuation Highlights AI and Financial Platform Expansion

Ramp's $32 Billion Valuation Highlights AI and Financial Platform Expansion
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Exclusive-SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say

Exclusive-SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say

By Akash Sriram and Krystal Hu Dec 8 (Reuters) - Japan's SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by Reuters.
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Construction tech firm EquipmentShare.com reveals revenue growth in US IPO paperwork

Construction tech firm EquipmentShare.com reveals revenue growth in US IPO paperwork

Dec 9 (Reuters) - Construction equipment rental provider EquipmentShare.com on Tuesday disclosed a rise in nine-month revenue in its paperwork for a U.S. initial public offering.
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Wells Fargo expects more job cuts, will roll out AI gradually in 2026

Wells Fargo expects more job cuts, will roll out AI gradually in 2026

By Pritam Biswas and Lananh Nguyen Dec 9 (Reuters) - Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said on Tuesday, adding that artificial intelligence was set to change the way its business works.
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Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Medical supply firm Medline targets $55 billion valuation in blockbuster IPO

Dec 8 (Reuters) - Medical supplies giant Medline said on Monday it was targeting an up to $55.3 billion valuation in its hotly anticipated U.S. initial public offering that is expected to be 2025's biggest IPO.
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NASA Spacecraft Vulnerability Fixed by AI After Years of Risk

NASA Spacecraft Vulnerability Fixed by AI After Years of Risk

NASA's spacecraft were reportedly vulnerable to hacking for several years due to a flaw in the authentication system, which could have allowed cybercriminals to hijack spacecraft or intercept sensitive data. This vulnerability was discovered by an AI cybersecurity algorithm developed by the California tech start-up AISLE. The AI identified the flaw and applied a fix within four days, effectively securing the communication systems between NASA's spacecraft and Earth. The vulnerability had existed undetected for three years, posing a significant risk to NASA's space missions and infrastructure.
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Hedge fund managing partner Dmitry Balyasny taps AI as largest tail risk for 2026

Hedge fund managing partner Dmitry Balyasny taps AI as largest tail risk for 2026

By Nell Mackenzie ABU DHABI, Dec 9 (Reuters) - Hedge fund Balyasny Asset Management's managing partner said on Tuesday that the largest tail risk for the year ahead is if artificial intelligence surprises on the upside or the downside.
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President Trump to Issue Executive Order on AI, Challenging State Regulations

President Trump to Issue Executive Order on AI, Challenging State Regulations

President Donald Trump plans to issue an executive order to establish a unified national framework for artificial intelligence (AI), bypassing the need for companies to navigate varying state regulations. This decision comes amid ongoing debates about the role of state versus federal oversight in AI governance. While tech companies like Google and Meta support national standards to avoid the complexities of state-by-state compliance, state leaders argue for the necessity of local regulations to protect citizens. The executive order aims to streamline AI regulation, but details on its implementation remain sparse.