Snap, Perplexity End $400M AI Search Deal
Snap and Perplexity AI have mutually ended their $400M deal that would have embedded Perplexity’s AI search into Snapchat’s 800M+ monthly users. No reason given for the breakup.
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Cerebras Targets $26.6B Valuation in AI Chip IPO
Cerebras targets $26.6B valuation in AI chip IPO, fueled by its ‘deep and rich’ partnership with OpenAI — one of the largest AI infrastructure public listings to date.
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SoftBank’s $40B OpenAI Loan Attracts Growing Bank Syndicate
SoftBank is attracting more banks to a $40B loan backed by its OpenAI stake — one of the largest AI-linked financing deals on record, per Bloomberg. Wall Street’s AI bet grows. #AI #SoftBank #OpenAI
