Finland-based NestAI raised €100M led by Finland's sovereign fund Tesi and Nokia to build AI products for defense applications, including for unmanned vehicles
Finnish startup NestAI has raised €100 million (about $115 million) in a funding round led by Finland's sovereign fund …
London-based neocloud startup Nscale closed a $433M pre-Series C SAFE round from Nvidia, Nokia, Dell, and others, after raising a $1.1B Series B on September 25
John Reynolds / Tech.eu :
London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake
‘Largest Series B in European History’ Tim Bradshaw / Financial Times : Nvidia-backed Nscale raises $1.1bn in investor frenzy over AI infrastructure Reuters : Nscale raises $1.1 billion from Aker, oth...
Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%
Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capabilities CGTN : Apple...
German startup Daedalus, which uses AI to help manufacture precision parts in its Karlsruhe factory, raised a $21M Series A led by Nokia-funded NGP Capital
Paul Sawers / TechCrunch :
Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M
- Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.
Reddit's r/WallStreetBets, which pushed GameStop stock to record levels, is now turning its attention to AMC stock, up 200%, Nokia, BlackBerry, and others
An online tug of war continues — Reddit traders who have successfully profited off GameStop (GME) stock are now turning their attention to struggling movie theater chain AMC.
HMD Global, maker of Nokia-branded phones, raises $230M Series A2 from strategic investors including Google, Nokia, and Qualcomm
Its latest cash injection is notable both for its size (HMD claims it as the third largest funding round in Europe this year); and the profile …
Nokia placed the wrong bet on its expensive and energy-intensive 5G chip design, costing it market share as it hasn't benefited from US sanctions on Huawei
Stu Woo / Wall Street Journal : Tweets: @aaronwall Tweets: Aaron Wall / @aaronwall : so who wins? $NOK? $ERIC? both? ERIC near 52-week highs. NOK still about 20% below, though they are still recoveri...
KaiOS, which provides the OS for feature phones from OEMs like Nokia and Jio, raises $50M led by Cathay Innovation, says 100M handsets are now powered by its OS
Ingrid Lunden / TechCrunch :