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ElevenLabs Hits $22B Valuation, CScale Raises $145M and Wall Street Enters Q4: What’s Going On Today

By Centiview Research•Published •1 min read

Markets

US stocks closed a volatile September with mixed moves on Wednesday, September 30. The Nasdaq rose while the S&P 500 dipped, though both indexes recorded a second consecutive quarterly gain. Reuters reported that investors weighed moderate inflation data and easing Treasury yields as markets headed into the fourth quarter.

Tech

AI voice company ElevenLabs said it completed a $300 million employee tender offer that values the company at $22 billion, doubling its valuation. Reuters reported the September 30 announcement, citing growing demand for AI voice agents.

AI infrastructure startup CScale raised $145 million to develop optical-fiber connections between AI chips, Reuters reported on September 30. Nvidia and Intel backed the financing, which the company says addresses data-center networking bottlenecks.

Sources

Reuters.

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