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Nvidia commits $1bn to US science over the next five years

Quantum computing, healthcare and energy security are the fields Nvidia wants to strengthen with commitments it values at $1 billion. The money will be spread over the next five years. The company announced the commitments on Thursday at the Science: A New Golden Age event in Washington, DC. US officials, industry leaders and members of […]

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Europe’s startups had their best quarter in 4 years, Crunchbase data shows

European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn raised in the third quarter of 2025, Gené Teare reported for Crunchbase News on […]

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Oratomic reportedly hits $5.4bn as Gartner sees quantum revenue top $1bn

Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn. The same day, British startup Universal Quantum announced a Series A of more than $100 million. Gartner then […]

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DARPA moves Atom Computing, IBM, IonQ and Diraq to final quantum test stage

DARPA has moved Atom Computing, Diraq, IBM and IonQ into the final stage of its Quantum Benchmarking Initiative. The US defence research agency runs the programme to test whether anyone can build a useful quantum computer by 2033. DARPA announced the four teams on Wednesday. Each one uses a different type of qubit, the basic […]

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Pentagon offers Wolfspeed a $1.5bn loan for a stake of up to 7.5%

The US Department of War has offered chipmaker Wolfspeed a conditional loan of up to $1.5bn over 30 years. In return, Wolfspeed would give the department warrants to buy up to 7.5% of the company. Wolfspeed filed for bankruptcy protection in June 2025. The department’s Office of Strategic Capital announced the commitment on Wednesday. In […]

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TikTok gave young users a placebo safety tool, New York lawsuit alleges

According to a new unsealed filing in New York’s lawsuit, TikTok gave thousands of users, including teenagers and children, a safety tool that did not work. Reuters reported the allegations on October 7, after a judge ordered the filings unsealed. They appear in an amended complaint that New York Attorney General Letitia James filed under seal at […]

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Zendesk CEO Tom Eggemeier says Meta’s Muse saved him $3,105 in five days

Zendesk will end the year with about $400m of AI revenue, up from about zero two years ago, chief executive Tom Eggemeier told TNW. Most of it comes from AI agents that customers pay for only when they resolve a case. Eggemeier has run Zendesk since late 2022. Before that, he was a partner at […]

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Paramount closes Warner Bros deal as Skydance and plans a single streamer

Paramount has completed its purchase of Warner Bros. Discovery and renamed the combined company Skydance. The company announced the close on Tuesday, and its shares now trade on the New York Stock Exchange as SKYD. Warner Bros. Discovery shareholders received about $31.02 a share in cash. Skydance owns two major film studios, Paramount Pictures and […]

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Nous Research raises $90M to take its Hermes AI agent to businesses

Nous Research has raised $90M to build a business version of Hermes, its open-source AI agent. Nvidia, Microsoft’s M12, Samsung, Robot Ventures, Union Square Ventures, Y Combinator and Menlo Ventures are among the investors, chief executive Dillon Rolnick wrote in a note on the company’s website. The round values Nous at $1.5bn, The Wall Street […]

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Biohub, Meta, Google DeepMind and the US pool $1.8bn for AI biology data

Biohub, the US Department of Energy and the National Institutes of Health are putting $1.8bn into data to train AI models that predict how cells behave. Meta, Google DeepMind and Isomorphic Labs are joining with $300M between them, Biohub announced on Wednesday. Biohub is the nonprofit research institute backed by Mark Zuckerberg and Priscilla Chan. […]

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