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Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round

Groq, the AI-inference chip company that spent the better part of a decade pitching itself as the scrappy alternative to Nvidia, has raised fresh money at a valuation that quietly concedes how much has changed. The company announced on Monday that they took in $350m at a $3.5bn valuation, roughly half the $6.9bn it commanded […]

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Europe’s defence-AI champion Helsing is using Rakuten to break into Japan’s arms market

Helsing, the Munich startup that has become Europe’s best-funded defence-AI company, is pushing into Asia, and it has found an unlikely guide. The German firm has enlisted Japan’s Rakuten, a name better known for e-commerce and mobile phones, to help broker the sale of its unmanned systems to Japan’s Ground Self-Defence Forces. At the centre […]

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The US is about to make its allies pick a side in the AI cold war

Washington is preparing to hand its partners an ultimatum, and it is not a subtle one. According to a draft State Department letter reported by Reuters, the US is about to tell friendly nations they must choose between the American and Chinese artificial intelligence ecosystems, because belonging to both is no longer an option. The […]

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Dario Amodei admits AI companies have not delivered on their promises

Dario Amodei wrote on X that the most accurate criticism of AI companies including Anthropic is that they have not yet delivered on their promises, and that only genuine breakthroughs will win public trust. It lands as Anthropic prepares a listing that backers expect to value it at $2trn. Dario Amodei has conceded the case […]

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Voyah recreated Mercedes’ upside-down tunnel ad, then launched the car for $33,800

Dongfeng’s Voyah launched the Passion S electric SUV on Friday after promoting it with a stunt in which the car drove a full loop around a tunnel ceiling in Wuhan. Prices start at 229,900 yuan, about $33,800, for a car with 800V charging and Huawei’s latest driver assistance. Dongfeng’s premium brand Voyah launched an electric […]

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EV prices rose for the first time in 2026, and the discounts are why

The average US electric vehicle sold for $56,126 in July, up 1.6% on a year earlier and the first rise of 2026, according to Kelley Blue Book. Automakers cut EV incentives by 24.3% year on year after pulling models and shrinking supply. The average electric car in the United States sold for $56,126 in July. […]

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EV prices rose for the first time in 2026, and the discounts are why Read More »

Airbnb’s CEO says nobody builds AI for normal people. He is on Y Combinator’s board

The Airbnb chief executive made the argument on the Yahoo Finance podcast Power Players with Brian Sozzi this week. His diagnosis has two parts. “I think part of it’s a narrative issue that we’re not talking about AI correctly,” he said. The second part is the product. “We need to actually be developing more products […]

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Thrive Capital’s first investor letter shows how completely OpenAI has come to define it

Joshua Kushner’s Thrive Capital has sent its first formal letter to investors, and the standout figure captures the AI era in miniature. One of its funds has swelled to about $3.7bn in value, driven overwhelmingly by early bets on OpenAI and SpaceX. The letter, reported by Bloomberg, reads as a victory lap and a quiet […]

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Databricks Closes $5 Billion Round at $190 Billion Valuation

Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes after chief executive Ali Ghodsi called 2026 a bad year to go public. Databricks has closed $5bn at […]

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Anthropic’s $2trn IPO is priced below what AI stocks already fetch

The number comes from investors, not the company. Six backers told the Financial Times that rising revenue would let the five-year-old lab more than double its valuation in an autumn listing. At $2 trillion it would eclipse SpaceX, which went public at $1.77 trillion in June. Anthropic itself has fixed nothing. Several investors said senior […]

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