Bloomberg reported on October 2, citing people familiar with the matter, that a Wall Street syndicate of banks arranging financing for Broadcom has begun raising $60 billion to finance AI chips, with companies such as Anthropic set to benefit.
NIO has struck definitive agreements to sell a 30% stake in NIO Power, the subsidiary operating its battery swap stations and charging network, to a Geely Holding subsidiary at a post-money valuation of roughly RMB16 billion ($2.4 billion), the company announced Sunday.