Tag: Valuation (finance)

AIBusiness

Wall Street Underestimating AI’s Industry-Disrupting Potential, Blackstone Warns

Blackstone’s president Jonathan Gray has declared artificial intelligence risk assessment the firm’s top priority when evaluating investments. According to reports, Wall Street investors are underestimating AI’s potential to disrupt entire industries, with Gray comparing the looming changes to the taxi industry’s upheaval from ride-hailing apps.

Wall Street’s AI Complacency Warning

Wall Street investors are significantly underestimating the disruptive potential of artificial intelligence across entire industries, according to reports from Blackstone president Jonathan Gray. Speaking at the Financial Times Private Capital Summit in London, Gray stated that AI’s impact has become “top of our list” when the firm evaluates potential deals and investment risks.

by Natalie Brooks
BusinessStartups

Global Payroll Provider Deel Secures $300 Million, Valuation Soars to $17.3 Billion Amid Expansion Drive

Payroll and HR startup Deel has raised $300 million in a new funding round, according to reports, boosting its valuation to $17.3 billion. The company reportedly plans to use the capital for global infrastructure expansion and acquisitions, aiming to offer native payroll in over 100 countries by 2029.

Funding Round and Valuation Milestone

Payroll startup Deel has reportedly raised $300 million in a Series E funding round, according to Reuters, valuing the company at $17.3 billion. Sources indicate the round was led by new investor Ribbit Capital, with participation from existing backers including Andreessen Horowitz and Coatue Management. This represents a significant increase from the company’s previous valuation of $12.6 billion earlier this year.

by Sarah Collins