Funding
Latest news, analysis, and updates on Funding from A47 News.
16 stories in Business · Updated live
MiniMax seeks $2 billion in funding amid significant share price decline
MiniMax, a Chinese AI company, has announced a plan to raise $2 billion through a share placement and convertible-bond offering following an 80% drop in its share price. This fundraising effort is triggered by investor concerns regarding the company's financial health and future prospects. The outcome of this initiative will be crucial for MiniMax's long-term viability and ambitions in the AI sector.
Bitcoin and Ethereum ETFs see significant inflows signaling renewed investor confidence
On July 10, 2026, Bitcoin and Ethereum ETFs experienced notable inflows, with Bitcoin ETFs attracting $90.44 million, the first positive inflow since May. This resurgence is primarily driven by BlackRock's substantial investment of $86.83 million, indicating renewed institutional interest in cryptocurrency. If this trend continues, it may lead to increased market stability and further institutional adoption of crypto assets.
New Hampshire Executive Council rejects $100 million Bitcoin-backed municipal bond
The New Hampshire Executive Council voted 3-2 against a proposed $100 million Bitcoin-backed bond. This decision reflects ongoing hesitance in the adoption of cryptocurrency in public finance, despite claims of no risk to taxpayers. The rejection may slow momentum for cryptocurrency integration in public finance and lead to increased scrutiny of future proposals.
Ollama Inc. secures $65 million in Series B funding to enhance open-source AI tools
Ollama Inc. has raised $65 million in a Series B funding round to expand its platform for developers. This funding comes as the company has gained significant traction, reaching nearly 9 million users since its launch. The long-term implication is that Ollama is positioned to play a pivotal role in the future of open-source AI development tools.
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OpenAI and Anthropic file for IPOs expected to reshape investment landscape
OpenAI and Anthropic have confidentially filed for initial public offerings (IPOs). The filings are occurring now due to a broader trend of significant tech IPOs in the AI sector, which are anticipated to generate unprecedented value. This shift could lead to the emergence of new billionaires and influence investment strategies across cryptocurrency and equities markets.
Bitcoin and Ethereum ETFs see significant inflows signaling renewed investor confidence
On July 10, 2026, Bitcoin and Ethereum ETFs experienced notable inflows, with Bitcoin ETFs attracting $90.44 million, the first positive inflow since May. This resurgence is primarily driven by BlackRock's substantial investment of $86.83 million, indicating renewed institutional interest in cryptocurrency. If this trend continues, it may lead to increased market stability and further institutional adoption of crypto assets.
Elon Musk expresses support for Anthropic following major SpaceX deal
Elon Musk has publicly praised Anthropic and committed to maintaining their access to SpaceX's supercomputing resources. This shift in stance comes as Anthropic secures a $1.25 billion monthly deal with SpaceX for supercomputing capacity until 2029. The evolving relationship may lead to increased collaboration in the competitive AI industry, potentially reshaping market dynamics and partnerships.
Shein secures approval for Hong Kong IPO aiming for $50 billion valuation
Shein has received approval from Chinese authorities for its initial public offering in Hong Kong, marking its third attempt to go public. This approval comes as the company seeks to enhance its public image and investor relations after previous failed attempts in New York and London. The IPO is expected to provide Shein with the capital needed to expand its global market presence and address transparency concerns.