Venture heavyweights denounce government’s £1bn scale-up fund plans Investing The government’s flagship £1bn scale-up fund will miss out on top deals and chalk up poor performance for its pensioner investors should ministers select a traditional firm to manage it over a specialist venture capital shop, a group of the UK’s top early-stage investors has warned. The industry heavyweights, who between them are early backers [...]
Exclusive: Blackstone set to back AI ‘droid’ firm at $3.5bn valuation AI Blackstone is weighing a fresh funding injection for Nvidia-backed artificial intelligence firm Factory in a deal likely to value the coding company at more than $3.5bn, City AM has learned. The New York-headquartered investment giant, which has been ploughing cash into AI firms and digital infrastructure in recent years, is considering the investment as part [...]