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Sequoia and Nvidia back AlphaGo creator David Silver’s Ineffable Intelligence at $5.1 billion

Silver left Google DeepMind in late 2025 after more than a decade building AlphaGo, AlphaZero, AlphaStar, and contributing to Gemini. Ineffable Intelligence was incorporated in November 2025 and has no product, no revenue, and no public roadmap. What it has is a thesis, and a founder whose track record is worth a billion dollars to […]

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Vinted reaches €8 billion valuation in €880 million secondary share sale led by EQT

Schroders Capital and Teachers’ Venture Growth join as new investors. The transaction gives early investors and long-serving employees a route to liquidity. Vinted says it is ‘IPO-ready’ but has set no timetable. FY2024 revenue grew 36% to €813 million; net profit quadrupled. Vinted, the Lithuanian second-hand marketplace that has become one of Europe’s largest consumer-to-consumer […]

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Meta signs a deal to beam solar energy from space to its AI data centres

Overview’s satellites will collect sunlight continuously in geosynchronous orbit and beam it as near-infrared light to existing ground solar installations, which convert it to electricity. The approach extends solar farm output through the night without new land, new grid connections, or new infrastructure on the ground. Meta has signed an agreement with Overview Energy, a […]

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Spotify expands from soundtrack to sweat session: Peloton partnership puts 1,400 classes inside the app

Available from today in the US, UK, Australia, Germany, Austria, Canada, Mexico, Sweden, and Spain.Peloton bike workouts are not included, the classes cover strength, cardio, yoga, meditation, pilates, and outdoor runs, requiring no specialist equipment. Financial terms of the Peloton partnership are undisclosed. Spotify has launched a new fitness category within its app, making guided […]

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Musk v. Altman goes to trial in Oakland

A four-week federal case over OpenAI’s soul, a diary entry, $150 billion in claimed damages, and the question of whether a nonprofit can become the world’s most valuable AI company.  The years-long legal battle between Elon Musk and Sam Altman over the future of OpenAI moved from social media to a federal courtroom in Oakland, […]

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Google DeepMind to open its first AI campus in the world in Seoul

Demis Hassabis met South Korean President Lee Jae Myung at Cheong Wa Dae on Monday and signed an MOU with the Ministry of Science and ICT. The campus will be operational this year. Hassabis accepted a request to send at least 10 Google engineers from US headquarters. He presented Lee with a Go board signed […]

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The world’s largest EV battery maker is raising $5 billion in Hong Kong

The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […]

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The world’s largest EV battery maker is raising $5 billion in Hong Kong Read More »

Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act

The round is led by Headline, with new investors Bullhound Capital, Felix Capital, and Daphni. Valuation is undisclosed. Sereact’s vision language action models already run in BMW, Daimler Truck, and logistics customers. The $110M is more than four times the €25M Series A raised just 15 months ago. Sereact, the Stuttgart-based AI robotics software company, […]

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Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act Read More »

China orders Meta to unwind its $2 billion acquisition of Manus

The NDRC’s Office of the Working Mechanism for Foreign Investment Security Review issued a formal cancellation order on Monday, four months after the deal was announced. Manus co-founders Xiao Hong and Ji Yichao have been barred from leaving China since March.  China’s National Development and Reform Commission has formally ordered Meta to unwind its $2 […]

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China orders Meta to unwind its $2 billion acquisition of Manus Read More »

India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general […]

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India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation Read More »

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