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UK banks get their Mythos briefing within days

The Bank of England’s Cross Market Operational Resilience Group will convene within days to brief major UK banks, insurers, and exchanges about Anthropic’s Claude Mythos Preview. This unreleased AI model regulators say can autonomously identify and exploit vulnerabilities across every major operating system and web browser. The US Treasury, the Federal Reserve, and the Bank […]

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Apple secretly threatened to pull Grok from the App Store over deepfake nudes

A letter Apple sent to US senators, obtained by NBC News, reveals that Apple rejected an initial Grok update and warned the app could be removed unless xAI made further changes. Only a second submission passed. Apple privately threatened to remove Grok, xAI’s AI chatbot, from the App Store in January after Elon Musk’s company […]

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Musk is asking chip suppliers to move at ‘light speed’ for his Terafab AI chip plant

According to Bloomberg, teams from SpaceX and Tesla have approached Applied Materials, Tokyo Electron, Lam Research, and Samsung for price quotes and delivery times on chipmaking equipment.  Teams working for Elon Musk have reached out to major chip industry suppliers including Applied Materials, Tokyo Electron, and Lam Research, as well as chip manufacturing partner Samsung […]

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Cadence and Nvidia are bridging the simulation gap that’s slowing down robotics

The two companies announced an expanded partnership at a Cadence conference in Santa Clara on Wednesday. The goal: make robot training data more accurate so physical AI systems reach real-world deployment faster. Cadence Design Systems and Nvidia have announced an expanded partnership aimed at closing one of robotics’ most persistent problems: the gap between how […]

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Quantum computing pioneer Chad Rigetti is back

Sygaldry Technologies has raised $105M in a Series A led by Breakthrough Energy Ventures, following a $34M seed from Initialized Capital. Its quantum-classical hybrid servers target the $5.2T in AI infrastructure investment projected through 2030. Sygaldry Technologies, an Ann Arbor-based startup building quantum-accelerated AI servers, has raised $139 million across a $34 million seed round […]

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Amazon-backed nuclear startup X-energy files for an IPO that could raise up to $814M

X-energy is targeting a share price of $16–$19, which at the high end values the IPO at around $814M. Amazon led a $500M round and has committed to buying up to 5GW of nuclear power from the company by 2039.  X-energy, an Amazon-backed nuclear reactor startup, has begun its investor roadshow and filed IPO documents […]

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Amazon-backed nuclear startup X-energy files for an IPO that could raise up to $814M Read More »

The Italian deeptech making graphene-based optical chips gets €211M

CamGraPhIC, a subsidiary of Milan-based 2D Photonics, has received European Commission approval for €211M in Italian state funding to industrialise its graphene photonic interconnect technology and build a pilot manufacturing line near Milan. CamGraPhIC, the graphene photonics subsidiary of 2D Photonics, has received European Commission approval for €211 million in Italian state aid funding under […]

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Accel raises $5 billion for AI as venture capital bets reach infrastructure scale

In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 million. The raise follows standout returns from its Anthropic stake (invested at $183B, now valued near $800B) and Cursor (backed at […]

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Anthropic attracts $800 billion valuation offers as revenue hits $30 billion annualised run rate

In short: Anthropic has received investor offers valuing the company at approximately $800 billion, more than doubling its $380 billion valuation from a $30 billion funding round closed just two months ago. The surge follows an unprecedented revenue trajectory that has taken Anthropic from $1 billion in annualised revenue at the end of 2024 to […]

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Jane Street commits $6 billion to CoreWeave and takes a $1 billion equity stake

In short: Jane Street has signed a $6 billion AI cloud agreement with CoreWeave and taken a $1 billion equity stake at $109 per share, making the quantitative trading firm one of CoreWeave’s five largest shareholders. The deal provides Jane Street with access to NVIDIA’s next-generation Vera Rubin compute and adds to CoreWeave’s growing contract […]

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