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Magnify Ventures has raised $46.6m for its second venture fund, deepening its focus on early-stage companies building AI infrastructure for the care economy.
The post Magnify Ventures closes $46.6m Fund II to back AI infrastructure for care economy appeared first on AltAssets Private Equity News.
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A research team at UBS sees value creation in the artificial intelligence infrastructure sector soaring 600% in the space of four years, compared with just 100% for "hyperscalers."
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Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
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