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Meta backs Databricks as the data analytics startup inches toward IPO

Published Wed, Jan 22 2025 9:00 AM EST Updated Wed, Jan 22 2025 12:37 PM EST Jordan Novet   KEY POINTS Meta has invested in data analytics software company Databricks. The two companies work together on Llama open-source artificial intelligence models. Data analytics software startup Databricks said Wednesday that Meta has signed on as an […]

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Founders Fund in talks to back defense firm Anduril at $28 billion valuation, sources say

By Krystal Hu, Anna Tong and Kenrick Cai February 8, 2025 Feb 7 (Reuters) – AI-powered defense startup Anduril Industries is in talks for a new funding round that could hike the valuation of the Palmer Luckey-founded company to $28 billion, sources said on Friday. Tech billionaire Peter Thiel’s Founders Fund is set to lead

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SpaceX Just Jumped to $350 Billion in Value: Here’s How Elon Musk Did It

By ADAM HAYES Published December 12, 2024 Fact checked by STELLA OSOBA SpaceX, founded in 2002 by Elon Musk, has transformed aerospace by creating reusable rockets and dramatically reducing launch costs. From achieving the first commercial spacecraft to dock with the International Space Station to developing the Starship, the world’s largest rocket system, the company

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Generative AI: Nearing the Ultimate Promise of AI

Summary  Generative AI is primed to drive a fundamental shift in the status quo while creating new business models and verticals. The technology has already begun to yield substantial benefits for businesses by effectively addressing the longstanding productivity paradox and raising the ROI for enterprises. For investors, opportunities abound in infrastructure, hardware, and application development.

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Research Disclaimer

The research materials provided in this section are sourced from third-party companies and are intended solely for educational purposes. While we strive to share valuable insights, the information contained herein does not represent the views or recommendations of Moreno Capital and should not be interpreted as financial or investment advice. We encourage you to consult

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