All posts tagged: 40B

Nvidia has already committed B to equity AI deals this year

Nvidia has already committed $40B to equity AI deals this year

Published by skeptic

Nvidia continues to be a major investor in the AI ecosystem, committing more than $40 billion to equity investments in AI companies — and that’s just in these early months of 2026, according to CNBC. Much of that total comes from a single bet, a $30 billion investment in OpenAI. But CNBC reports that the chipmaker has also announced seven multi-billion dollar investments in publicly traded companies, most recently deals to invest up to $3.2 billion in glassmaker Corning and up to $2.1 billion in data center operator IREN. We’ve previously rounded up Nvidia’s investments in AI startups, including 67 venture deals in 2025. And according to FactSet data, it’s already participated in around two dozen investment rounds in private startups in 2026. The fact that Nvidia has been investing in some of its own customers has led to the recurring criticism that these are circular deals moving money back-and-forth between the same companies. Wedbush Securities analyst Matthew Bryson said Nvidia’s investments fall “squarely into the circular investment theme,” but suggested that if successful, they …

Ramp in talks to hit B+ valuation, 6 months after reaching B

Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B

Published by skeptic

Investors could not get enough of Ramp throughout 2025 and it looks like 2026 could be another banner year of fundraising for the corporate spend management startup. The company is in talks to raise another $750 million at a pre-money valuation of more than $40 billion, sources tell The Wall Street Journal. The deal is not yet final though, so terms could change. Ramp declined to comment. In November, Ramp announced it had raised $300 million at a $32 billion post-money valuation led by Lightspeed, which also included an employee tender offer. The company announced in July a $500 million Series E-2 at a $22.5 billion valuation led by Iconiq, which was just a few weeks after its $200 million Series E at a $16 billion valuation led by Founders Fund. It had raised a couple of other times earlier in 2025, each time another big valuation step up. Ramp has also had success generating revenue. In November, Ramp founder CEO Eric Glyman said his company had reached $1 billion in revenue, doubling its income …

Why SoftBank’s new B loan points to a 2026 OpenAI IPO

Why SoftBank’s new $40B loan points to a 2026 OpenAI IPO

Published by skeptic

SoftBank has taken on a new $40 billion loan to help it cover its $30 billion commitment to invest in OpenAI as part the AI model maker’s record-breaking $110 billion raise last month, the Japanese conglomerate said on Friday. Most striking is that the loan is unsecured and has a 12-month term, meaning it must be repaid or refinanced by next year. This could be a signal that the lenders believe OpenAI’s highly anticipated public listing will indeed come later this year, as some markets outlets, like CNBC, have reported. The loan is provided by JPMorgan Chase, Goldman Sachs and four Japanese banks. Since OpenAI’s IPO is bound to be one of the largest listings ever, if it does happen this year, that would presumably give SoftBank the liquidity to settle the debt in such a short time span. SoftBank’s new $30 billion investment in OpenAI brings its total bet on the ChatGPT’s maker to over $60 billion. Source link

IBM’s B stock wipeout is built on a misconception: Translating COBOL isn’t the same as modernizing it

IBM’s $40B stock wipeout is built on a misconception: Translating COBOL isn’t the same as modernizing it

Published by skeptic

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly $40 billion from IBM’s market cap — the company’s biggest single-day drop in 25 years — pricing the announcement as an existential threat to IBM’s mainframe business. The reaction was swift. It was also built on a fundamental misreading of why enterprises run mainframes in the first place. IBM’s COBOL is 66 years old. It was designed in 1959, runs on IBM mainframes, and continues to power transaction processing systems with an estimated 250 billion lines of COBOL in active production, according to the Open Mainframe Project. The engineers who wrote it are retiring; the ones replacing them largely cannot read it. For decades, that skills gap has been one of enterprise IT’s most expensive unsolved problems — and one IBM has been working to fix with AI since at least 2023, when it launched watsonx Code Assistant for Z to help migrate …