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The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 billion. Commonwealth Fusion Systems, based in Massachusetts, said the round takes its total to $4 billion, roughly 30% of all the money […]
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Most satellite startups are racing to build smaller. K2 Space is going the other way, on purpose. Investors just handed it $500 million to keep going bigger. K2 raised a $500 million Series D at a $6.8 billion valuation, it said on Thursday. Kleiner Perkins and ICONIQ led the round, with Alphabet’s CapitalG, Lightspeed and […]
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The AI boom made GPUs famous. The dull chips that wire thousands of those GPUs together are quietly becoming just as valuable. Xsight Labs, an Israeli chipmaker, has raised more than $300 million at a $2.8 billion valuation, it said on Thursday. Fidelity led the round. That is more than five times what the company […]
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The US wanted to keep Chinese robots out. Beijing’s answer: do this, and we will hit back where it hurts. China has threatened “resolute” retaliation after Washington moved to bar imports of Chinese-made humanoid robots. Its commerce ministry called the measure discriminatory and warned it “severely” damages trade relations, the New York Times and CNBC […]
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A London startup building the training grounds for Europe’s autonomous weapons has come out of stealth with $30mn. It is one of the region’s largest defence-tech seed rounds this year. Agon is not building the weapons themselves. It is building the infrastructure that trains them: a synthetic combat arena for AI-powered drones, missiles and uncrewed […]
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Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI Read More »
Google DeepMind wants one AI brain to run every robot, and it just taught that brain to use its whole body. It has released Gemini Robotics 2, a family of models that can control a humanoid from its feet to its fingertips. The system can also coordinate several machines at once and adapt to a […]
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Google’s new AI can now walk a humanoid across the room and tidy up, feet to fingertips Read More »
A startup wants companies to stop asking real people what they think, and ask fake ones instead. Simile has raised $200m at a $2bn valuation to build “agentic twins,” AI stand-ins for real consumers that firms can survey by the million. Greenoaks led the round, the New York Times reported, with Index Ventures and others […]
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To find out what customers think, this $2bn startup asks their AI twins Read More »
Nscale, the London AI-cloud company that owns its own power and data centres, is buying its way up the stack. It has agreed to acquire Anyscale, the startup behind the widely used Ray software. Bloomberg reported the deal at about $1.65bn. Nscale announced the acquisition on Thursday but did not put a price on it. […]
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The stablecoin industry has long relied on a familiar trust model: accounting firms periodically review reserve balances and publish attestations weeks after the underlying data was collected. For an asset class that moves around the clock, that approach increasingly looks outdated. Australian infrastructure company AEREDIUM believes artificial intelligence can fundamentally change that model. The company […]
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The race to build an AI “foundation model of the cell” has a fuel problem. The biological data needed to train one is scarce, messy and inconsistent. Relation Therapeutics thinks the answer is to manufacture that data itself, and GSK is paying up to $110m to help. The London startup unveiled two things at once […]
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