Investors and funding

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SoftBank’s Masayoshi Son says superintelligence in the wrong hands could be “super dangerous”

Masayoshi Son, who has put $64.6bn into OpenAI and calls bubble talk absurd, said in Kyoto that superintelligence in the wrong hands could become super dangerous and that countries must cooperate to control it. He spoke beside Michael Kratsios, who launched a 17-country declaration written in Washington’s renamed vocabulary and endorsed by Germany, Italy, Poland, […]

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Nvidia hits its first record since May, within $300B of $6T

Nvidia hit a record for the first time since May, leaving it under $300B short of becoming the first company worth $6T, on a rally driven by AI agent demand and a record $150B buyback increase. ASML, Europe’s most valuable listed company, needs the same $300B to reach its first trillion. Nvidia hit a record […]

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Robot software startup FieldAI is set to raise $700M at a $10B valuation

FieldAI is raising $700M at a $10B valuation, five times its mark from just over a year ago, for software designed to run robots it does not build. Europe’s biggest robotics rounds this year funded machine makers, and the nearest European answer to FieldAI was reported at about a third of its valuation. FieldAI is […]

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Volantis raises $88M for a photonic memory layer built for AI inference

Volantis has raised $88M to build a photonic link between AI compute and memory, using gallium arsenide lasers to avoid constraints in indium phosphide. The Netherlands is building a EUR 153M indium phosphide pilot line at Eindhoven that opens in 2027, the same year Volantis plans to ship. Volantis has raised $88M to put light […]

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Factory and Cognition bosses clash over adviser’s exit, Bloomberg reports

The heads of two AI coding startups are fighting in public over an adviser who switched sides, as Carmen Arroyo reported for Bloomberg. Factory chief executive Matan Grinberg said on X on Wednesday that he was cutting ties with Chris Degnan, an adviser of about a year. Degnan was later named chief revenue officer at […]

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TSMC eyes a multibillion-dollar Texas campus for more AI chips

TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes rather than anything used for AI. TSMC is eyeing a Texas campus […]

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Kanu AI raises $11.7m to turn how staff work into software they own

Kanu AI has come out of stealth with $11.7m in funding. The Seattle startup builds software that runs inside a customer’s own cloud. Accel, BMW i Ventures and a16z speedrun joined a round led by Trilogy Equity Partners, the company said in a statement on Wednesday. “Companies have spent decades buying software built around someone […]

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Restate raises $20m to keep AI agents running when software fails

Restate, a Berlin startup founded by the creators of Apache Flink, has raised a $20m Series A. It builds infrastructure that keeps AI agents and backend software running through failures. Singular led the round, with Redpoint Ventures and Capital One Ventures, the company said in a statement on Wednesday. Its total funding is now $27m. […]

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Metaview raises $60m to put AI agents across the whole hiring process

Metaview, a London and San Francisco startup that builds AI agents for recruiting, has raised a $60m Series C led by Insight Partners. GV, Intrepid Growth Partners, Seedcamp, Vertex Ventures US, Plural and Garuda Ventures also took part, the company said in a statement on Wednesday. The round comes a year after its previous one […]

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Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m

GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility. ARCHIV, a new San Francisco firm that invests in AI and robotics, […]

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