Shares of technology companies fell, but not by as much as the broad market, as traders bet the artificial-intelligence boom would continue, despite pledges to slow down model development.

Factory, which makes autonomous AI agents that code, has raised $200 million at a $5 billion valuation, the company said, more than three times its valuation from five months ago, when it last raised funding.

Singapore delivery app owner Grab agreed to buy a 60% stake in payment-technology firm Atome Financial for $1.49 billion in cash.