Gen II considering selling for $6 billion
Gen II, a private equity firm backed by institutional investors, is reportedly considering a sale valued at approximately $6 billion. The firm, established in 2009, currently manages over $1.5 trillion in capital. In separate news, AI startup PhysicsX has secured $300 million in funding at a $2.4 billion valuation, with Temasek leading the round and existing investors like Nvidia participating. PhysicsX develops AI models for predicting physical object behavior, aiming to enhance efficiency in aerospace and automotive industries. AI
IMPACT AI firm PhysicsX's new funding may accelerate the development and adoption of AI models for industrial applications.