Humanoid, a UK-based AI and robotics company building industrial humanoid robots, announced a $152 million Series A financing at a $1.35 billion post-money valuation. This funding brings the total amount raised to date to $270 million. The round was led by Prime Movers Lab, a venture capital firm focused on investments in breakthrough scientific startups…
Dangote Petroleum Refinery has raised about $2.5 billion through a private equity placement that was oversubscribed by 3.7 times, with the proceeds to fund expansion and strengthen its capital structure. Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the…
Luanda — The African Union (AU)’s Director of Blue Economy and Sustainable Environment, Hersen Nyambe, stated on Wednesday (22,) in Luanda, that the continent’s blue economy currently generates over 298 billion dollars in annual value, with projections pointing to USD 405 billion output by 2063. Presenting the “State of Africa’s Blue Economy 2026 Report” during…
Rodrigo Liang, Co-founder & CEO, SambaNova Systems, on the AI Summit stage during day two of Web Summit Vancouver 2026 at Vancouver Convention Centre in Vancouver, Canada. Shauna Clinton | Sportsfile | Getty Images An AI chip startup has raised $1 billion in financing as investors continue to pour money into companies looking to challenge…
United Nations — A new assessment from the United Nations Development Programme (UNDP) warns that the Ebola outbreak could cost Africa USD 3.6 billion, push 985,000 people into poverty, and put 300,000 jobs at risk. The new analysis shows that the damage extends well beyond just those infected, disproportionately harming vulnerable populations and creating trade…
The Court of Justice of the European Union (CJEU), Europe’s highest court of appeal, has definitively upheld a record-setting €4.1 billion ($4.67 billion) antitrust fine against Google and its parent company, Alphabet. The ruling officially dismisses Google’s final appeal and solidifies the penalty originally levied in 2018 for anti-competitive practices surrounding its Android operating system….
In the modern private spaceflight sector, launching rockets is no longer enough, aerospace firms increasingly need to own the payloads they carry. Rocket Lab has announced a massive $8 billion acquisition of Iridium Communications in a direct bid to secure the infrastructure needed to compete with SpaceX’s rapidly expanding Starlink network. Subject to regulatory approvals,…
A general view of the Baidu logo is seen at the Shanghai New Expo Center during the World Artificial Intelligence Conference 2025 in Shanghai, China, on July 28, 2025. Ying Tang | Nurphoto | Getty Images Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin…
Fox Corp is placing a massive bet on the future of cord-cutting, announcing a cash-and-stock deal to purchase streaming pioneer Roku for approximately $22 billion. The blockbuster acquisition aims to combine Fox’s premier live sports and news programming with Roku’s hardware and software footprint, accelerating Fox’s transition into the digital-first era. Read: Meta rolls out…
Just days after its historic initial public offering (IPO), SpaceX has officially agreed to acquire AI coding startup Cursor in a massive $60 billion all-stock transaction. The agreement solidifies a fast-moving corporate courtship that began less than two months ago, with the deal projected to close in the third quarter of this year. Read: Meta…
