Exclusive: Blackstone set to back AI ‘droid’ firm at $3.5bn valuation

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Exclusive: Blackstone set to back AI ‘droid’ firm at $3.5bn valuation

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 [...]