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Europe is pledging hundreds of billions to defence. Almost none of the venture money funding the technology behind it is European. Since 2019, the US has captured around 85 per cent of all NATO defence-tech venture funding, according to the founders of a new fund out today. Europe accounted for just 6.2 per cent of […]
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As companies struggle to turn AI pilots into things they can actually rely on, a new startup is betting the fix looks less like a better chatbot and more like a mathematical proof. Pramaana Labs announced $27mn in seed funding on Wednesday, led by Khosla Ventures, with Accel, BoldCap, Nexus Venture Partners, Premji Invest, and […]
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NeuralTrust, a Barcelona startup, has raised $20mn to secure the AI agents that big companies are now deploying faster than they can keep track of. The seed round, worth €17.2mn, was led by Munich’s Alstin Capital, with VentureFriends, Seaya, Kibo Ventures, Banc Sabadell, the EA Ventures Plug and Play Fund and Finaves, plus public money […]
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NeuralTrust raised $20M to police the AI agents companies can’t even count Read More »
AirTrunk wants to borrow A$4.3bn, roughly $3bn, to build a single data centre in Sydney. The Blackstone-owned operator is in talks with banks to fund SYD3, a hyperscale facility of more than 400 megawatts, according to people familiar with the matter. The scale of the loan is a measure of how large, and how power-hungry, […]
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Blackstone’s AirTrunk seeks $3bn loan for one Sydney data centre Read More »
Sixteen months ago, Dream was a billion-dollar company. This week it is worth three. The Israeli AI and cybersecurity firm has raised $260m in a round that valued it at $3bn, nearly tripling the $1.1bn it commanded in February 2025, a pace of revaluation that says as much about the market for defensive AI as […]
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Dream raises $260m at $3bn, tripling its value in 16 months Read More »
Telepatia, an AI clinical assistant built for Latin American healthcare, has raised $33 million in a Series A led by Andreessen Horowitz. The company wants to reach half of the region’s 1.9 million doctors by the end of 2027. Total funding is now $42 million, with early backers including Palantir CTO Shyam Sankar, Rappi founder […]
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Behavox has raised $175 million in preferred equity from HPS Investment Partners, the private credit firm that BlackRock acquired for $12 billion last year. The funding will go toward expanding Behavox’s unified AI compliance platform and pursuing acquisitions. It is the company’s first equity raise in six years. As part of the deal, Behavox fully repaid and […]
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Behavox raises $175 million from BlackRock’s HPS to expand its AI compliance platform Read More »
Apple investors are losing patience with the company’s AI strategy. The stock is coming off its worst week since February after the annual Worldwide Developers Conference failed to convince Wall Street that a long-promised upgrade cycle is any closer to arriving. “There’s a bit of fatigue with Apple and AI,” Tim Chubb, chief investment officer at Girard, […]
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Apple investors are running out of patience with its AI promises Read More »
Allbirds, the sustainable footwear company that went public at a $4.1 billion valuation in 2021, has officially renamed itself Smartbird and appointed a new chief executive to lead its pivot into AI compute. Shares surged more than 50% on Wednesday morning before pulling back. The rebrand completes a transformation first announced in April, when the company […]
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Gary Marcus has spent years warning that the AI industry is building on shaky foundations. Now he sees a specific chain of dominoes: if OpenAI’s IPO underperforms, the fallout will not stop at one company. “Their values rely to a significant degree on the expectation that OpenAI will have an immense demand for chips and […]
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Gary Marcus warns OpenAI’s IPO could drag Nvidia, Oracle, and CoreWeave down with it Read More »