Featured

Bilt CEO and founder Ankur Jain announced that the company has raised $250 million in funding at a valuation of $10.75 billion. General Catalyst and GID led the funding round with further investment from United Wholesale Mortgage.

Ferrero Group and WK Kellogg announced that they will finalize an agreement under which Ferrero will acquire WK Kellogg for $23 per share, totaling an enterprise value of $3.1 billion.

The assets managed by BlackRock has hit a record $10.65 trillion as of the second quarter due to an increase in client asset values. Investors also put in a significant amount of funds into the company’s exchange-traded funds (ETFs).

Amazon has completed its largest external investment in company history by placing a $2.75 billion tranche in Anthropic. Anthropic is one of the fastest-growing generative AI (GenAI) companies. It was founded by former OpenAI research executives and has built a chatbot called Claude, which competes against OpenAI/ChatGPT.