CredibleX, a Revenue-Based Financing (RBF) startup, raised a $55 million Seed round led by Further Ventures. The company aims to provide working capital financing to small and medium-sized businesses in the MENA region, where RBF startups like FlapKap and Flow48 have also recently scaled and raised capital.

Source: https://techcrunch.com/category/fintech/

Elon Musk's AI company xAI has raised $6 billion in new funding, bringing its total raised to $12 billion, with a valuation aiming for $50 billion.

Source: https://techcrunch.com/category/fintech/

OpenAI's o3 model has shown promising performance on benchmarks, outscoring other models in general ability and math tests, suggesting AI scaling progress has not plateaued.

Source: https://techcrunch.com/category/fintech/

Nvidia will hold its CES 2025 keynote on January 6, led by CEO Jensen Huang, where it is expected to make several big announcements, including details about its RTX 5000 series GPU.

Source: https://techcrunch.com/category/fintech/

Telegram has become profitable, generating over $1 billion in revenue in 2024. The company's premium subscription service, launched in 2022, now has 12 million paid users. Telegram also has over $500 million in cash reserves and has repaid a significant portion of its $2 billion debt.

Source: https://techcrunch.com/category/fintech/

Eero's Outdoor 7 long-distance mesh unit solves Wi-Fi connectivity issues in a remote cabin and barn, providing reliable coverage for devices 300 feet away.

Source: https://techcrunch.com/category/fintech/

Lilium, an electric aircraft startup, has ceased operations and laid off about 1,000 workers due to failed financing and insolvency efforts.

Source: https://techcrunch.com/category/fintech/

X is increasing the price of its Premium+ subscription service by 37.5% to $22 per month in the U.S. starting December 21st. Existing subscribers will keep their current rates until January 20th. International markets will also see price increases.

Source: https://techcrunch.com/category/fintech/

OpenAI released a new family of AI reasoning models, o3, which is more advanced than its previous model o1. The company used a new safety paradigm called 'deliberative alignment' to train the models and ensure they stay aligned with human values.

Source: https://techcrunch.com/category/fintech/

Palantir and Anduril are forming a consortium with tech companies to bid on Pentagon contracts, aiming to challenge traditional defense contractors.

Source: https://techcrunch.com/category/fintech/