True North Acquires Minority Stake in IPO-Bound InMobi
Private equity firm True North has reportedly acquired a minority stake worth around $50-60 Mn in IPO-bound adtech startup InMobi…
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FundingApple hit with $5.7 billion in damages over haptic patents
Haptics tech company Taction sued Apple in 2021, alleging it infringed two of its patents. Now a federal jury in San Diego has awarded Taction over $5.7 billion in damages. According to CNBC, "The lawsuit centered around U.S. Patent Nos. 10,659,885 and 10,820,117, which both inv…
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FundingCan Cloudflare CEO Matthew Prince save the web from AI?
Today, I’m talking with Matthew Prince, who is CEO of Cloudflare. This episode is part of a two-part series on the future of business. Matthew last joined us on the show about two and a half years ago, at what we thought then was a wild pivot point for the internet — and now it…
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FundingAnthropic to pay Akamai $11.6 billion over seven years in cloud deal
Anthropic has committed $11.6 billion over seven years to Akamai's cloud infrastructure, a bet on CPUs that could grow to about $20 billion, and in an unusual arrangement, Akamai is giving Anthropic a potential stake of up to 5% of its stock that grows as Anthropic spends more.
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FundingAhead of U.S. IPO, British AI neocloud Nscale secures $3.36B in convertible finacing
The funding, which comes from Third Point, Nvidia, and others, will fuel the company's massive AI data center buildout.
Read at TechCrunch