Economics and capital · public-markets
Big Tech reports more than $160 billion in quarterly other income, partly from AI investments
Big Tech reported more than $160 billion in Q2 other income, driven partly by paper gains on investments in AI companies including OpenAI, Anthropic, and SpaceX.
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Nvidia agreed to acquire Hugging Face for approximately $12.93 billion while retaining its open-platform positioning.Sep 3Crusoe reportedly raised more than $3 billion at an approximately $30 billion valuation.Sep 4Alibaba announced a Hong Kong placement of 710 million new shares expected to raise approximately $10.2 billion.Sep 4Thailand suspended construction of 49 data centers while developing new industry regulations.Sep 4Wonderful raised $550 million in Series C funding at a $5 billion valuation.Sep 2