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Most satellite startups are racing to build smaller. K2 Space is going the other way, on purpose. Investors just handed it $500 million to keep going bigger. K2 raised a $500 million Series D at a $6.8 billion valuation, it said on Thursday. Kleiner Perkins and ICONIQ led the round, with Alphabet’s CapitalG, Lightspeed and […]
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The glamorous part of AI is the models. The expensive, unglamorous part is getting them the right data. A startup just raised $40 million betting that job is the next big enterprise layer. DataBahn, a Texas company founded in 2023, has closed a $40 million Series B led by Insight Partners, it said on Thursday. […]
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The unsexy layer AI agents actually need: DataBahn raises $40m to sell it Read More »
The AI boom made GPUs famous. The dull chips that wire thousands of those GPUs together are quietly becoming just as valuable. Xsight Labs, an Israeli chipmaker, has raised more than $300 million at a $2.8 billion valuation, it said on Thursday. Fidelity led the round. That is more than five times what the company […]
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The lucky dip of stumbling on a cheap seat on a popular flight is starting to disappear. Airlines are handing their pricing to artificial intelligence, and on busy routes that mostly means one thing: higher fares. Carriers have long priced seats with analysts and rules of thumb, such as bumping fares by 20 per cent […]
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AI is coming for the cheap seats on your favourite flight route Read More »
Intel is quietly handing one of its crown jewels to a tiny, stealthy startup. And that startup is run by a longtime business partner of Intel’s own chief executive. The chipmaker is giving RosaicLabs access to its Atom processor technology, according to a source and documents reviewed by Reuters. Atom is the building block of […]
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Intel is handing its Atom chip tech to a startup run by the CEO’s longtime partner Read More »
A London startup building the training grounds for Europe’s autonomous weapons has come out of stealth with $30mn. It is one of the region’s largest defence-tech seed rounds this year. Agon is not building the weapons themselves. It is building the infrastructure that trains them: a synthetic combat arena for AI-powered drones, missiles and uncrewed […]
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Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI Read More »
The AI necklace that a chunk of New York wanted gone is back, and this time it talks. Friend, the pendant that listens to your day and pipes up with commentary, has re-launched with a speaker so it can reply out loud. It also costs twice as much. The original Friend messaged you like a […]
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Everyone hated Friend’s AI necklace, so it came back at double the price Read More »
A startup wants companies to stop asking real people what they think, and ask fake ones instead. Simile has raised $200m at a $2bn valuation to build “agentic twins,” AI stand-ins for real consumers that firms can survey by the million. Greenoaks led the round, the New York Times reported, with Index Ventures and others […]
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To find out what customers think, this $2bn startup asks their AI twins Read More »
A year after its founder left for Meta, Scale AI has a new boss. The choice says a lot about where the company is heading. It has named Francis deSouza, a veteran enterprise-cloud executive, as chief executive. deSouza starts on 10 August, Scale announced. He replaces interim chief Jason Droege, who ran the company after […]
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Scale AI hired a cloud salesman as CEO. That tells you where it’s going. Read More »
Nscale, the London AI-cloud company that owns its own power and data centres, is buying its way up the stack. It has agreed to acquire Anyscale, the startup behind the widely used Ray software. Bloomberg reported the deal at about $1.65bn. Nscale announced the acquisition on Thursday but did not put a price on it. […]
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