Private Equity 3 Hours

Last updated: July 27, 2026, 2:30 AM ET

AI and Quantum Computing Funding

Multiverse Computing is reportedly targeting a €500 million funding round at a unicorn valuation, signaling strong investor interest in quantum computing applications for finance. This move comes as the broader artificial intelligence sector continues to attract significant capital, with a prevailing focus on building trust and security around AI technologies.

Tech Sector Layoffs Continue

Nothing is planning to cut around 100 jobs as part of a broader cost-cutting initiative. This development underscores ongoing pressures within the tech industry to streamline operations and manage expenses, even as innovation in areas like AI persists.