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Most startups raise money because they need it. NinjaOne has just raised more than $400m to make the opposite point. The Austin-based IT-operations company said on Tuesday that a fresh round of Series C extensions has more than doubled its valuation to $12.3bn, up from the $5bn it was worth only 16 months ago. The […]
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US District Judge Leo T. Sorokin in Massachusetts ruled on Monday that the $100,000 fee President Donald Trump imposed on H-1B visa applications is an unlawful tax and must be vacated. The ruling found that the proclamation violated both the federal Administrative Procedure Act and the Constitution, because Congress had not delegated the power to […]
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President Donald Trump signed National Security Presidential Memorandum 11 on Friday, directing the US military and intelligence agencies to accelerate their adoption of advanced AI while protecting frontier models from theft by foreign adversaries. The directive replaces the Biden administration’s NSM-25, which had governed AI in national security since 2024, and adds a provision that no commercial […]
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America’s hospitals are spending around $97bn a year renting staff they cannot train fast enough. Stepful thinks AI can fix the supply side, and investors have just handed it $55mn to try. The New York startup has raised a Series C led by healthcare-and-fintech investor Oak HC/FT, with new backers Foresite Capital, Hearst Ventures, and […]
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Healthcare’s $97bn staffing problem just won an AI training startup a $55M round Read More »
The last time Jim Bridenstine shaped America’s space ambitions, he ran NASA. Now he is betting he can build the hardware for the next phase of the space race, and he wants public investors to fund it. Quantum Space, the Maryland startup Bridenstine now leads, is going public through a merger with a blank-cheque company, […]
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For years, the AI boom has run through a handful of factory floors in Taiwan. That dependence is starting to look risky enough that even Nvidia and Google are shopping for a backup, and the unlikely name on the list is Intel. Google has placed an order with Intel to manufacture more than three million […]
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The AI boom runs on chips and electricity. It also runs on glass. Amazon is paying Corning billions of dollars for optical fibre to wire up its rapidly expanding US data centres, the two companies said on Monday. The multi-year agreement will create about 1,000 jobs at Corning’s North Carolina factories, though neither side disclosed […]
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In the 1990s, almost every US state sued the tobacco industry. The resulting settlements cost hundreds of billions of dollars and transformed how cigarettes were marketed, sold, and regulated. Senator Ed Markey said in March that Big Tech’s Big Tobacco moment has arrived. He was talking about social media. But the legal machinery he described is […]
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The lawsuits that could give AI its Big Tobacco moment are already here Read More »
A San Francisco Airbnb host is suing The Bot Company, the $2 billion robotics startup founded by ex-Cruise CEO Kyle Vogt, for allegedly using his home as a secret robot testing lab. Sean Donovan claims workers booked his Portola neighbourhood property under false pretences in April, posing as remote workers from Thailand. He is seeking […]
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Kyle Vogt’s Bot Company is being sued for turning an Airbnb into a robot lab Read More »
Sriram Krishnan, the White House’s senior policy adviser on artificial intelligence, is stepping down. The former Andreessen Horowitz partner was tapped by President Donald Trump to help shape the administration’s AI strategy during his second term. He will leave at the end of June, according to the Washington Post. Krishnan played a central role in […]
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Trump’s top AI adviser Sriram Krishnan is stepping down from the White House Read More »