PRODUCTS
OPENAI
In April 2025, OpenAI secured a substantial $40 billion investment led by Japan's SoftBank Group, elevating its valuation to $300 billion and surpassing the market capitalization of companies like Chevron. This funding round included an initial $10 billion, with $7.5 billion from SoftBank and contributions from investors such as Microsoft, Thrive Capital, Altimeter Capital, and Coatue Management. An additional $30 billion is contingent upon OpenAI's successful transition to a for-profit entity by the end of 2025. The capital infusion is intended to advance AI research, expand computing infrastructure, and enhance tools like ChatGPT, which now boasts 500 million weekly users. Despite this impressive valuation, OpenAI reported a $5 billion loss on $3.7 billion in revenue last year. Additionally, OpenAI has formed Stargate LLC, a joint venture with SoftBank, Oracle, and MGX, aiming to invest up to $500 billion in AI infrastructure in the U.S. by 2029.
DATABRICKS
In 2025, Databricks secured $10 billion in equity financing and $5.25 billion in debt funding in its Series J round, raising its valuation to $62 billion. Major investors included Meta, QIA, Temasek, and leading financial institutions. The funds will support AI product development, acquisitions, global expansion, and employee liquidity. In March, Databricks partnered with Palantir to enhance AI solutions and committed to hosting its Data and AI Summit in San Francisco through 2030. Additionally, it signed a $100 million, five-year deal with Anthropic to develop AI agents using corporate data, leveraging Anthropic’s Claude models on its platform.
SPACEX
In 2025, Starlink, SpaceX's satellite internet division, is projected to achieve $11.8 billion in revenue, driven by strong consumer demand and substantial U.S. military contracts, including a previously undisclosed $537 million Pentagon agreement to support Ukraine's military through 2027. Additionally, Starlink is expanding its global presence, notably in India, through a partnership with Mukesh Ambani's Jio Platforms, which aims to enhance connectivity in rural and remote regions. The company is also set to revolutionize inflight connectivity, with United Airlines planning to equip its entire fleet with Starlink's high-speed internet service, offering free access to MileagePlus customers. Furthermore, Starlink is poised to take over a $2.4 billion contract to overhaul the U.S. air traffic control communication system, reflecting its growing influence in critical infrastructure projects.
COREWEAVE
In 2025, CoreWeave made significant financial moves, including its announcement to acquire Weights & Biases to integrate AI model training tools with its cloud infrastructure, streamlining AI development. Additionally, the company expanded its partnership with Core Scientific, investing $1.2 billion to enhance high-performance computing capabilities in Texas. CoreWeave also went public, pricing its IPO at $40 per share, with shares fluctuating in early trading, reflecting market sentiment on AI investments. These developments reinforce CoreWeave’s position as a key player in the AI and cloud computing industries.
KRAKEN
In March 2025, Kraken, a leading cryptocurrency exchange, announced its intention to acquire NinjaTrader, a U.S.-based retail futures trading platform, for $1.5 billion. This strategic move aims to diversify Kraken's offerings across various asset classes and expand its user base. The acquisition is set against a backdrop of a favorable regulatory climate under President Donald Trump, who has shown support for the crypto sector. Recently, the SEC dismissed a lawsuit against Kraken, which had accused the exchange of operating as an unregistered securities exchange. The deal is expected to close in the first half of 2025, positioning Kraken to offer crypto futures and derivatives in the U.S. and support NinjaTrader's growth in international markets.
SNOWFLAKE
In February 2025, Snowflake Inc. announced its financial results for the fourth quarter and full fiscal year 2025, showcasing a robust performance that exceeded market expectations. The company reported a 27% year-over-year revenue increase to $986.8 million, with product revenue reaching $943.3 million, surpassing analyst forecasts. Adjusted earnings per share were $0.30, outperforming the anticipated $0.18. Snowflake's net revenue retention rate was 126%, and its customer base expanded to over 11,000. The company projected a 24% growth in product revenue for fiscal year 2026, aiming for $4.28 billion. Additionally, Snowflake announced an expanded partnership with Microsoft to integrate OpenAI's models into its Cortex AI platform, reinforcing its position in the AI-driven cloud services market.
RIPPLE
In March 2025, Ripple secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated blockchain-powered payments in the UAE, marking a significant milestone in expanding its global footprint. This achievement follows a series of strategic partnerships earlier in the year, including collaborations with Unicâmbio in Portugal for crypto-enabled cross-border payments and with Ondo Finance to bring tokenized U.S. Treasuries to the XRP Ledger. These developments underscore Ripple's commitment to enhancing the institutional adoption of blockchain technology and expanding the digital asset ecosystem.
NVIDIA
In the first quarter of fiscal year 2025, NVIDIA reported record revenue of $26.04 billion, more than tripling year-over-year, driven by a 93% increase in data center revenue to $35.6 billion. CEO Jensen Huang highlighted the burgeoning demand for AI, stating that the next industrial revolution has begun, with companies and countries partnering with NVIDIA to shift traditional data centers to accelerated computing and build AI factories. The company also announced a 10-for-1 forward stock split to enhance stock accessibility, with shares trading on a split-adjusted basis starting June 10, 2025.
ABOUT WEB3
In July 2024, ONEFi, a prominent Open Banking wealth management platform, transitioned to a comprehensive Web3 wallet, aiming to bridge traditional and decentralized finance. This strategic move, set for Q4 2024, involves launching the ONEFi Web3 ecosystem. It offers users access to their Digital Identity via ONE-ID, enabling authentication of nationality and wealth level through open banking APIs and AI-driven sentiment analytics. Additionally, borrowers can obtain liquidity by pledging primary market assets to designated local financial institutions, such as pre-IPO shares, commodities, and prime real estate.