Marvell and Flex, a contract manufacturer for electronics, will join the S&P 500; MRVL jumps 6%+ after hours after closing down 16.74% amid a broader sell-off
- Marvell Technology, which makes parts and products needed for the AI infrastructure boom, is joining the S&P 500
Allen Control Systems, which makes AI-powered gun turrets for shooting down drones, raised a $200M Series B led by Smash Capital at a $2.2B post-money valuation
Years before he helped launch Disney+, or helped the Mouse buy Marvel and Star Wars, Kevin Mayer studied mechanical engineering …
Nvidia acquires Kumo, which sells predictive AI software to enterprises, a source says for $400M+; PitchBook says Kumo raised $37M at a $250M valuation in 2022
Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal.
Kirkland & Ellis, the world's highest-grossing law firm, agrees to a multiyear deal with Palantir to develop an AI tool to help advise PE firms on raising funds
Kirkland & Ellis has agreed a multiyear deal with Palantir to develop AI technology to help it advise private equity groups …
Nvidia acquired Kumo, which sells predictive AI software to enterprises, a source says for $400M+; PitchBook: Kumo raised $37M at a $250M valuation in 2022
Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal.
Thrive Capital spinoff Thrive Holdings commits $1B to acquire local accounting firms through its subsidiary, Current, and use AI to automate their workflows
UnearthInsight: Indian IT companies have spent a record $7.1B on acquisitions since 2025 to gain clients and market share, as AI pricing pressure weakens growth
Indian IT firms are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth.
Thrive Capital spinoff Thrive Holdings commits $1B to acquire local accounting firms through its subsidiary, Current, and use AI to automate their workflows
In Thrive Holdings' live-fire testing ground, self-improving AI models are achieving up to 98% data-entry accuracy …
Sports Illustrated rights holder Minute Media lays off 12% of staff and reverses its ~$200M deal to buy VideoVerse, an AI platform to extract sports highlights
Sports Illustrated rights holder Minute Media lays off 12% of staff and reverses its ~$200M deal to buy VideoVerse, an AI platform to extract sports highlights
The unicorn says restructuring reflects push for efficiency and long-term growth amid changes in the media market …