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Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconductors, according to the report. Reuters could not independently verify the report. The $50 […]
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Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off the coast of Singapore, is being developed with Singapore-based DayOne and is set to go live in […]
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Micron Technology briefly surpassed Meta and Tesla in market valuation on Thursday, closing the week at roughly $1.27 trillion. The stock has soared over 236% in the past month alone, reaching $1,132 a share. Before mid-2025, it spent years below $100. The surge followed blockbuster third-quarter earnings. Revenue quadrupled year on year to $41.45 billion. […]
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The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflation and fiscal stress as “pressure points” that “demand attention.” “Disappointment in returns could trigger a sudden pullback in […]
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The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis Read More »
The Federal Trade Commission has cleared Elon Musk to acquire Mesh Optical Technologies, a startup founded by three former SpaceX engineers who build optical transceivers for AI data centers. The FTC granted early termination of its antitrust review on Wednesday, according to a pattern of Musk acquisitions that has accelerated since SpaceX went public this […]
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Aseon Labs, a Redwood City startup building automated service pods for robotaxi fleets, has raised ten million dollars in a seed round led by Crane Venture Partners, TechCrunch has learned. Y Combinator, Uber co-founder Garrett Camp’s venture firm Expa, Robin Hood Ventures, and Founders Capital also participated, alongside angel investors including Mercury founder Immad Akhund, […]
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Patronus AI has raised $50m to build simulated worlds where AI agents can be tested before they touch a real system. The pitch borrows from Waymo: train in a replica before you trust the road. AI agents are meant to do real work now. They book trips, write code and run financial analysis on their […]
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Patronus AI raises $50M to stress-test AI agents Read More »
A 38% jump in valuation over six months is the kind of figure that tells you where investor appetite has gone. Airwallex, the global payments company, has raised $320m in a Series H round that values it at $11bn, up from $8bn in December 2025. The raise is being directed squarely at the part of […]
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Airwallex raises $320m at an $11bn valuation, betting on agentic finance Read More »
Sail Research has raised $80m to make AI agents cheaper to run. The startup, founded by ex-Apple and ex-NVIDIA engineers, says it can serve the tokens agents burn through at up to 10 times lower cost. AI agents are hungry. Leave one running for hours and it can chew through billions of tokens on a […]
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Sail raises $80M to make AI agents cheaper to run Read More »
Coval has raised $28m to test AI voice agents before they reach real callers. Its founder built the same kind of safety checks for Waymo’s self-driving cars, and thinks voice needs them just as badly. An AI voice agent can sound flawless in a demo and fall apart on a real call. It trips over […]
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Coval raises $28M to stress-test AI voice agents Read More »