Chinese AI startup DeepSeek is preparing to raise about $7.4 billion in its first external funding round, potentially valuing the company between $51 billion and $59 billion. Major investors expected to participate include Tencent, which may invest around 10 billion yuan, and battery maker CATL, considering a 5 billion yuan commitment. The fundraising round could close within weeks, with founder Liang Wenfeng personally contributing 20 billion yuan. DeepSeek has gained international recognition for its AI models, challenging assumptions about China's AI capabilities, and this funding will support its growth and innovation.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Experian PLC started its 2027 financial year with a 10% revenue increase in the first quarter, driven by strong demand in North America and Latin America. Organic growth was 7%, with North America growing 7% despite a 2% drop in consumer services due...
Gooch & Housego, a UK-listed photonics company specializing in precision optics for aerospace and defence, has agreed to a £345.6 million takeover by US private equity firm Arlington Capital Partners. The offer values the company at a 41.3% premium t...
Aave DAO has proposed an innovative mobile app that integrates fiat currency deposits, self-custody, and decentralized finance (DeFi) lending in one platform. This app allows users to convert fiat to stablecoins and earn yields without needing extern...
Analysts expect Netflix to report $12.6 billion in revenue for Q2 and $51.3 billion for the full year 2026. The operating margin forecast has been revised down from 33% to 32% due to anticipated higher expenses, with an expected operating profit of $...
