Chai Discovery has raised $400 million in a Series C round at a $3.8 billion valuation, tripling its valuation in seven months. The OpenAI-backed drug discovery startup, founded in 2024, builds AI mod…
Chamath Palihapitiya is returning to a day-to-day operating role as CEO of 8090 Labs, the AI coding company he founded in January 2024, after raising a $135 million Series A led by Salesforce Ventures…
StepFun, a Shanghai startup backed by Tencent, unveiled the StepX Neo on July 13, calling it the world's first mass-market agentic smartphone that runs on a custom operating system, Step AOS, and feat…
Reflection AI, the open-source frontier lab founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, has signed a multi-year computing agreement with Nebius worth more than $…
GMI Cloud is seeking a NT$20.45 billion ($635 million) loan from Taiwanese banks, backed by customer contracts for GPU capacity rather than equity, with a five-year term loan tranche of NT$13.9 billio…
AI inference costs are quietly eroding SaaS gross margins as every user query incurs a metered cost, unlike traditional software where marginal costs approach zero. Character.AI cut per-query inferenc…
China's exports surged 27% in June to a record $412 billion, driven by a 57% jump in electronic components and AI hardware trade, the General Administration of Customs reported. The AI infrastructure …
Bespoke Labs raised $40 million in a Series A round led by Wing VC to build realistic training environments for AI agents, arguing that agents fail not because models are too small but because they la…
Augmodo, a Seattle startup that sells a dual-camera wearable badge for retail workers, raised $21 million in a round led by TQ Ventures at a $350 million valuation, with plans to expand into warehouse…
Axos Financial, through its subsidiary Axos Nevada Holding, has agreed to acquire Arc Technologies, a San Francisco fintech that provides small businesses with automated cash management, capital marke…
Nvidia has cut its list of approved Asian AI chip buyers by more than half, targeting Chinese companies using Southeast Asia as a side door to bypass US export controls, according to the Financial Tim…
Hostie, an AI-powered virtual concierge for restaurants, raised $12 million in a Series A round led by Obvious Ventures, with participation from operators including Bacchus Management Group and Atomic…
Singapore-based AI video startup PixVerse has extended its Series C round to $439 million, pushing its valuation past $2 billion, up from roughly $1 billion in March, according to Bloomberg and KrASIA…
New Mountain Capital founder Steven Klinsky says Wall Street's panic over AI disrupting software companies is overblown, arguing that enterprise software's complexity and integration requirements will…
Global investors poured a record $4.48 billion into fusion energy companies over the past year, with four startups—Commonwealth Fusion Systems, Inertia Enterprises, Helion Energy, and Proxima Fusion—a…
Microsoft CEO Satya Nadella warned on July 12 that businesses pay for AI twice: once in cash and again with the proprietary knowledge they expose to make models useful, calling the leakage 'AI exhaust…
Together AI closed an $800 million Series C on July 1 at an $8.3 billion valuation, led by Aramco Ventures, with participation from Vista Equity Partners, General Catalyst, Nvidia and Pegatron. The co…
Delaware has drafted legislation for a new business entity called an Artificial Intelligence Company (AIC) that would let AI agents perform tasks normally handled by human executives, such as signing …
Dongfang Suanxin, a Shanghai chip startup founded in 2024 and led by Tsinghua professor Wei Shaojun, emerged from stealth with the DF1000 series, a 14nm AI processor delivering 520 teraflops of BF16 p…
Amazon has invested in TwelveLabs' $100 million Series B round and secured a commercial deal making AWS the startup's preferred cloud partner, with next-generation models launching first on Amazon's T…