Startups2 min read
China orders Meta to unwind $2 billion buy of AI startup Manus
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →AI infrastructure startup Nscale raised $2 billion, reaching a $14.6B valuation, with Sheryl Sandberg and Nick Clegg joining its board.
Why it matters
This article highlights significant investment and growth in the critical AI infrastructure sector. Nscale's $2 billion funding round and $14.6 billion valuation underscore strong investor confidence in companies providing the foundational compute power necessary for advanced AI development. The addition of high-profile figures like Sheryl Sandberg and Nick Clegg to its board further signals the company's strategic importance and potential to shape the future of AI scalability and deployment.
Nscale, a British startup that builds the crucial computing infrastructure for AI, has secured a massive $2 billion investment, pushing its valuation to $14.6 billion. This highlights the intense demand and investment in the foundational technology needed to power advanced AI. High-profile figures Sheryl Sandberg and Nick Clegg have also joined its board, signaling the company's growing importance.
China's economic planner has blocked Meta's $2 billion acquisition of AI startup Manus, citing foreign investment restrictions.
Read on Economic Times Tech →Digital platforms and brands are increasingly building their own AI-led digital storefronts, as highlighted by Lalit Keshre's recent ET Awards win.
Read on Economic Times Tech →RateGain Travel Technologies, an Indian company, won the Emerging Company of the Year award, driven by its AI-powered growth in the travel tech sector.
Read on Economic Times Tech →