Ecosystems

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China bets on AI weather forecasting as extreme storms close in

As Typhoon Dolphin bore down on China’s coast this week, the country’s bet on artificial intelligence to read the skies looked less like a research curiosity and more like national infrastructure. Extreme weather is intensifying, the cost of getting a forecast wrong is rising, and Beijing is pouring resources into models that promise to see […]

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AquaNab raises funding to fight salmon’s $4bn sea lice problem with alpaca nanoantibodies

Hamburg biotech is taking an unusual shot at salmon farming’s most expensive pest, and it starts with an alpaca. AquaNab is developing tiny antibodies, derived from the animals and delivered through fish feed, to treat and prevent sea lice. The parasite it is chasing is a genuine scourge. Sea lice cost the aquaculture industry billions […]

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NavVis raised €73.7M to build the spatial data layer that factories need before they can deploy AI

NavVis, a Munich-based spatial twin platform, raised €73.7 million ($85 million) in a Series D round led by US private equity firm The Jordan Company. Existing investors Yttrium, KOZO KEIKAKU ENGINEERING, and Cipio Partners also participated. The company, a 2013 spin-off from the Technical University of Munich, builds photorealistic digital replicas of factories, plants, and […]

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Gravity raised $30.5M to place ads inside AI chatbots. Its next product targets the bots themselves.

Gravity, an adtech startup that places ads inside AI chatbots, raised a $30.5 million Series A co-led by Lightspeed Venture Partners and Committed Capital. The round brings total funding to $38.5 million. The company runs a full-stack ad platform: a demand-side platform for buying ads within AI chatbots and agents, a supply-side platform for developers […]

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Google’s $15bn India data centre is running into water and wildlife

Google’s biggest bet in India is meeting resistance on the ground. Its $15bn data-centre project in Visakhapatnam has run into mounting opposition over water use and the wildlife living beside it. The project is enormous by any measure. Built with Gautam Adani’s group, it is one of the largest data-centre investments anywhere, and the state […]

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Yann LeCun’s second attempt at a VC fund lands with $100M and Gemini’s co-lead as a partner

Yann LeCun has found a VC fund that will actually launch. The Meta former chief AI scientist is joining 224 Ventures, a new firm that announced Wednesday with more than $100 million in assets under management. His co-partner is Oriol Vinyals, who until today served as Gemini’s co-technical lead at Google DeepMind. Shaun Johnson, who […]

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Stables and access bank south africa explore new cross-border payment infrastructure

The race to modernize cross-border payments is increasingly shifting toward emerging markets, where businesses continue to face high costs, settlement delays, and fragmented financial infrastructure despite growing international trade. Australian fintech Stables is the latest company looking to capitalize on that opportunity. Stables has announced a collaboration with Access Bank South Africa to explore new […]

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AI’s power crunch is sending data-centre builders to the banks

The bottleneck in AI is no longer chips. It is power, and the scramble to secure it is sending data-centre builders to the banks for billions in financing commitments, Bloomberg reports.The shift is a big one. For much of the AI boom the scarce resource was Nvidia’s GPUs; now it is electricity, along with the […]

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Robinhood is launching a publicly traded fund that invests in Y Combinator startups. Anyone can buy shares.

Robinhood is launching a second publicly traded closed-end fund that will invest in private companies from the Y Combinator ecosystem. Robinhood Ventures Fund II filed to offer 7.6 million shares at $25 each, with pricing expected after market close on August 12. The fund will trade on the NYSE under the ticker RVII. Goldman Sachs, […]

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OpenAI is adding 250 jobs in Dublin as Ireland loses tech roles to AI elsewhere

OpenAI is expanding its European headquarters in Dublin with 250 new jobs and an 88,000-square-foot lease at the Tropical Fruit Warehouse in the city’s Docklands. The company currently employs around 100 people in Ireland and established its European presence there in 2023. The new roles span engineering, sales, user operations, HR, finance, privacy, and legal. […]

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