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Event News

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A Night of Glamour, Inspiration and Red Diamonds

A Night of Glamour, Inspiration and Red Diamonds

Last Saturday, I had the pleasure of attending the Red Diamond Pre-Party at the beautiful Ararat La Piazza, and this year I found myself wearing two hats. On one hand, I was there as Magazine Editor of Cyprus Business Group, covering the event together with CBG...

Start Up News

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AI Automation Startup Relay Shuts Down as Team Joins Google Chrome

AI Automation Startup Relay Shuts Down as Team Joins Google Chrome

Relay Winds Down as Founder Jacob Bank Returns to Google to Lead Chrome Product AI workflow automation startup Relay.app is shutting down, bringing an end to a company that set out to challenge established automation platforms such as Zapier. At the same time, founder...

Why Venture-Backed Startups May Be More Prone to Fraud

Why Venture-Backed Startups May Be More Prone to Fraud

Why Venture-Backed Startups May Be More Vulnerable to Fraud New academic research is raising difficult questions about fraud within the venture capital ecosystem—and whether the behaviour of investors can sometimes contribute to the problem. A study by researchers...

Technology News

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Anthropic Expands AI Infrastructure Push With $45B Nscale Deal

Anthropic Expands AI Infrastructure Push With $45B Nscale Deal

Anthropic Expands AI Infrastructure Push With $45B Nscale Deal Anthropic is continuing its aggressive expansion of artificial intelligence infrastructure, reportedly agreeing to spend around $45 billion on computing capacity supplied by British AI infrastructure...

Finance News

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Lambda Secures $1 Billion in Debt Financing to Expand AI Chip Capacity

Lambda Secures $1 Billion in Debt Financing to Expand AI Chip Capacity

AI cloud infrastructure provider Lambda has secured $1 billion in private, short-term debt financing as it continues to rapidly expand the computing infrastructure required to support artificial intelligence workloads. The latest financing will reportedly be used to...

Anthropic Expands AI Infrastructure Push With $45B Nscale Deal

Anthropic Expands AI Infrastructure Push With $45B Nscale Deal

Anthropic Expands AI Infrastructure Push With $45B Nscale Deal Anthropic is continuing its aggressive expansion of artificial intelligence infrastructure, reportedly agreeing to spend around $45 billion on computing capacity supplied by British AI infrastructure...

Larry Ellison Calls Off $7.5 Billion Oracle Share Sale

Larry Ellison Calls Off $7.5 Billion Oracle Share Sale

Larry Ellison Scraps Planned $7.5 Billion Oracle Stock Sale Oracle co-founder and executive chairman Larry Ellison has withdrawn plans for a multibillion-dollar sale of shares in the technology group, reversing a previously disclosed arrangement before any stock was...

Lambda Secures $1 Billion in Debt Financing to Expand AI Chip Capacity

Lambda Secures $1 Billion in Debt Financing to Expand AI Chip Capacity

AI cloud infrastructure provider Lambda has secured $1 billion in private, short-term debt financing as it continues to rapidly expand the computing infrastructure required to support artificial intelligence workloads. The latest financing will reportedly be used to...