Mira Murati's AI startup seeks $50B valuation. Thinking Machines Lab, the artificial intelligence startup founded by former OpenAI chief technology officer Mira Murati, is in early talks to raise a new funding round at approximately $50 billion valuation, according to reports from Bloomberg and Reuters published on November 12-13. The potential deal would more than quadruple the company's valuation from just four months ago, catapulting the nine-month-old venture into the upper echelon of the world's most valuable private companies. #AI #Startup #valuation https://www.perplexity.ai/...

Cursor raises $2.3B at $29.3B valuation

AI coding assistant Cursor secured a $2.3 billion funding round on Thursday, tripling its valuation to $29.3 billion just five months after its previous raise. The San Francisco-based startup, formally known as Anysphere Inc., has now raised one of the largest venture capital rounds in AI history, signaling extraordinary investor confidence in developer tools powered by artificial intelligence. #CursorAI #AICoding #VCRound #TechFunding #AIInvesting #StartupNews #DeveloperTools https://www.perplexity.ai/...

Burry clashes with Palantir CEO over AI short bets. "Big Short" investor Michael Burry fired back at Palantir CEO Alex Karp on Sunday night, escalating a war of words over Burry's bearish bets against artificial intelligence stocks. The public spat has roiled markets and reignited debate over whether AI valuations have spiraled out of control. #AIbubble #MichaelBurry #Palantir #AlexKarp #BigShort #TechStocks #WallStreetDebate https://www.perplexity.ai/...

Global stocks slide as US tech rout ripples across markets An abrupt selloff in U.S. technology giants sent shockwaves through global equity markets on Friday, erasing recent gains and fueling debate over the sustainability of high-flying artificial intelligence valuations. Major benchmarks in Asia and Europe tumbled, mirroring overnight losses on Wall Street, as a mood of caution replaced the optimism that has driven stocks to historic highs in recent months. https://www.perplexity.ai/...

Emerging markets surge past S&P 500 as AI stocks fuel rally Emerging market stocks have delivered their strongest performance in over a decade this year, with the MSCI Emerging Markets index climbing 30% compared to just 15% for the S&P 500, marking a dramatic reversal after years of underperformance. The rally has been powered by artificial intelligence-linked companies across Asia, though recent market volatility has raised questions about stretched valuations in the sector #AIStocks #AsianTech #EmergingMarkets #TechStocks #AI rally #InvestingInsights #MarketTrends #EquityMarkets
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Microsoft nears $4 trillion market cap on AI boom Microsoft stock closed at $513.58 on October 17, positioning the tech giant within striking distance of a historic $4 trillion market valuation as massive artificial intelligence investments drive unprecedented growth. The company's market capitalization currently stands at approximately $3.82 trillion, making it one of only two companies to approach this milestone alongside Nvidia. #Microsoft #AI #artificialintelligence #MarketCap #TechNews #CloudComputing #Azure #AIInfrastructure #OpenAI https://www.perplexity.ai/...

Bank of England warns AI valuations risk dot-com-style crash The Bank of England issued its starkest warning yet about artificial intelligence investments on Wednesday, cautioning that "stretched valuations" in AI-focused technology companies could trigger a "sharp market correction" reminiscent of the dot-com bubble. #Finance #technology #AI #stockmarket #Investing #Fintech https://www.perplexity.ai/...

AI chipmaker Cerebras Systems has withdrawn its IPO plans shortly after raising $1.1B at an $8.1B valuation. The company cites an outdated prospectus amid rapid AI advancements but remains committed to going public soon. The move reflects strategic and regulatory challenges in the AI chip market. #Cerebras #IPO #AIChips #artificialintelligence #TechNews #Funding #NvidiaCompetitor #AIInfrastructure #StartupNews #TechFunding #innovation #AIHardware https://www.perplexity.ai/...

Starbucks China sale nears $5B valuation as top PE firms bid for control. A strategic move amid fierce competition and market shifts. #StarbucksChina #PrivateEquity #CoffeeMarket #Investment #ChinaBusiness

Stripe is in talks to repurchase shares from venture capital backers at a $106.7 billion valuation, signaling strong confidence after Sequoia bought $861M in shares at a $70B valuation in 2024. The move offers liquidity to investors without going public, reflecting Stripe's steady valuation growth. Details on share volume and employee inclusion remain flexible. #Stripe #StockBuyback #VC #TechFunding #Fintech

Perplexity AI, a rapidly growing artificial intelligence search engine startup, has made a significant move by proposing a merger with TikTok's U.S. operations as the platform confronts the possibility of a ban due to national security issues. This proposal arrives just ahead of a law that mandates TikTok's parent company, ByteDance, to divest its U.S. operations or face shutdown.

Key Aspects of the Merger Proposal

Structure: The merger seeks to form a new entity that integrates Perplexity AI, TikTok U.S., and New Capital Partners. This arrangement would enable most of ByteDance's current investors to maintain their equity stakes while enhancing Perplexity's services with TikTok's video content.
Valuation: TikTok is valued at approximately $50 billion, while Perplexity has seen its valuation soar from around $500 million at the beginning of 2024 to nearly $9 billion by year-end.
Regulatory Context: This merger proposal follows a Supreme Court ruling that requires TikTok to cut ties with ByteDance. President-elect Donald Trump has suggested a possible 90-day extension for TikTok to negotiate its future in the U.S.

Industry Implications

The proposed merger could dramatically alter the digital landscape by merging advanced AI search technology with a leading social media platform. If successful, Perplexity AI could position itself as a formidable competitor to established players like Google in the AI-driven search arena. However, regulatory challenges and public concerns about data privacy will be crucial factors in determining the success of this ambitious proposal. As discussions progress, the tech industry will be keenly watching how this potential merger evolves and its impact on both companies and their user bases.. #TechNews #AI #trump #tiktokban #tiktokbanusa https://nexth.zone/blog/pe...