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UK startup raises $200mn from investors

Bloomberg A UK startup that designs semiconductors used for artificial intelligence applications has raised $200 million from investors including BMW AG and Microsoft Corp. Graphcore Ltd is one of a number of companies trying to design a new class of chips that will be better at crunching the vast amount of data needed to make computers smarter. They argue that ...

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T-Mobile wins key nod for Sprint deal

Bloomberg T-Mobile US Inc won US national security approval for its takeover of Sprint Corp, one of the regulatory conditions needed before the two wireless carriers can combine. The Committee on Foreign Investment in the US, or Cfius, has approved the proposed transaction, the companies said in a joint statement December 17. The approval moves the No. 3 and No. ...

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Brexit talks to go into 2019 as British PM fights for deal

Bloomberg UK Prime Minister Theresa May has given herself another four weeks to save the Brexit deal she says is still the only way to avoid a chaotic split from the European Union. Last week, May called off a parliamentary vote scheduled for December 11 on the withdrawal agreement after concluding it would be defeated amid overwhelming opposition from politicians ...

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