Fireworks raises $1.5 billion at $17.5 billion valuation
The Nvidia-backed AI cloud startup says annualized revenue has topped $1 billion as companies weigh lower-cost open models.
By Marcus V. Thorne 2 months agoMarkets Editor
Marcus V. Thorne
Marcus writes the market wraps and the flows analysis: equities, volatility, and the positioning behind the tape.
Latest from Marcus V. Thorne
Emergent raises $300mn as India adds second AI unicorn in a month
The Bengaluru AI software start-up reached a $1.5bn valuation, adding to signs of stronger Indian investor activity in applied art...
By Marcus V. Thorne 2 months ago
Iran warns Hormuz is a red line after U.S. strike threats
Tehran said it would retaliate if U.S. attacks hit its infrastructure, while oil prices eased despite renewed fighting around the...
By Marcus V. Thorne 2 months ago
Zelenskyy removes Ukraine defense minister in wider wartime reshuffle
Mykhailo Fedorov’s dismissal comes during Ukraine’s fourth major government reset since Russia’s full-scale invasion began.
By Marcus V. Thorne 2 months ago
Overseas investors lift Indian bond buying as stock outflows mount
Foreign portfolio investors have bought $7.7 billion of Indian debt in 2026 while selling $27.6 billion of equities, NSDL data sho...
By Marcus V. Thorne 2 months ago
Alibaba and Baidu rise in Hong Kong after Apple AI approvals in China
Hong Kong-listed Alibaba climbed 5% and Baidu rose 4% after China approved Apple Intelligence and the firms confirmed work with Ap...
By Marcus V. Thorne 2 months ago
Bridgepoint agrees majority investment in German testing group GBA
PE Hub reported that Bridgepoint will take control of Hamburg-based GBA, with Ardian selling most of its holding and management st...
By Marcus V. Thorne 2 months ago
United beats quarterly estimates as fuel bill pressures outlook
United reported stronger-than-expected second-quarter profit and revenue, while warning that fuel may add nearly $6 billion to 202...
By Marcus V. Thorne 2 months ago
Gemspring-backed Amplix buys technology procurement firm One Connect
Amplix has acquired St. Petersburg-based One Connect, marking its 15th acquisition since the platform was formed in 2022, accordin...
By Marcus V. Thorne 2 months ago
SpaceX falls below IPO price for first time
Shares of SpaceX declined for a fourth straight session Wednesday, slipping under the $135 level set in the company’s June IPO.
By Marcus V. Thorne 2 months ago
US savers put comfortable retirement at $1.2mn, Schroders survey says
Schroders found a wide gap between retirement expectations and projected savings among US workplace plan participants.
By Marcus V. Thorne 2 months ago
DTCC tests tokenized assets with major Wall Street firms
DTCC is running a one-day demonstration to show how blockchain-based versions of securities could work inside existing market plum...
By Marcus V. Thorne 2 months ago