Global venture capital funding is mounting a significant rebound this year, propelled forward by historic, multibillion-dollar investments flowing into artificial intelligence startups. While transaction counts have retreated to historic lows, the sheer capital deployed into a select group of market-leading companies has pushed equity financing to heights not seen in years, reshaping the global technology […]
American Airlines has slashed its financial forecast for the year, warning investors that it now expects deeper losses as a sharp spike in jet fuel prices completely eclipses record-shattering passenger revenue. The Fort Worth, Texas-based carrier announced Thursday that it is slowing its capacity growth for the upcoming year in response to the volatile macroeconomic […]
OpenAI is reportedly on the verge of securing another massive private funding round rather than immediately charging ahead with a public market debut. According to people familiar with the matter, the leading artificial intelligence laboratory is currently in discussions to raise up to $30 billion at a staggering $1.25 trillion pre-money valuation. The round is […]