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Real-time News
Market news: Ford Motor Company (FN) will invest $370 million in India.October 31st - According to sources familiar with the matter, Nvidia (NVDA.O) plans to invest up to $1 billion in artificial intelligence company Poolside, a deal that would quadruple the AI startups valuation. Poolside is in talks to raise $2 billion at a valuation of $12 billion (excluding amounts already raised). Sources say Nvidias initial investment in this round is $500 million, and could increase to $1 billion if the startup reaches its fundraising goals. Poolside reportedly already has over $1 billion in investment commitments, with approximately $700 million coming from existing investors. Magnetar, an asset management firm known for its hedge fund investments, is also reportedly in talks to participate in this funding round.On October 31, amid criticism from NASA regarding delays in rocket development, Elon Musks SpaceX proposed a faster plan for a manned lunar landing. The company quietly unveiled the new plan in a lengthy update to its website on Thursday, just over a week after NASA Acting Administrator Sean Duffy announced that SpaceX would be opening its lunar landing contract to competitors. SpaceX stated, "We have submitted and are formally evaluating a simplified mission architecture and operational plan that we believe will accelerate the return to the moon while improving astronaut safety." Under a $4 billion contract with NASA, the company will modify its giant Starship rocket into a lander capable of transporting astronauts to and from the lunar surface. SpaceX has pledged to have Starship ready for NASAs Artemis 3 mission, which will mark the first American lunar landing in over half a century.Market news: Federal Reserve Governor Bowman proposed cutting about 30% of the staff in the bank supervision department.Market news: Nvidia (NVDA.O) will invest up to $1 billion in AI startup Poolside.
