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A Michigan township killed a $2.4 billion Chinese battery plant, and now the company might bankrupt it

Less than three years ago, residents of Green Charter Township, a rural community of roughly 3,000 people in central Michigan, packed a hall to celebrate what they saw as a victory for local democracy. They had recalled every member of their town board and installed replacements who promptly killed a $2.36 billion electric vehicle battery plant proposed […]

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A Princeton grad’s $30M AI detector is selling to Superhuman

Superhuman, the company that used to be Grammarly, just bought GPTZero, the startup that catches AI writing. The contradiction is the point. As the internet fills with machine-made text, proving something is human is becoming a product. There is a neat irony at the centre of this deal. Superhuman’s biggest product helps people write with […]

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Hadrian’s reported $7.5bn round and the physical-AI rush

Bloomberg says defense-factory startup Hadrian is in talks to raise as much as $1bn at a $7.5bn valuation. Hadrian calls that “inaccurate”. Either way, the rumour shows how hot physical AI and US reindustrialisation have become. Here is a number, and a denial, in the same breath. Hadrian Automation has discussed a new funding round […]

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SpaceX lands $6.3bn compute deal with Reflection AI

Reflection AI will pay SpaceX $150mn a month for Nvidia chips at Colossus 2, a deal worth roughly $6.3bn by 2029. The SpaceX Reflection AI deal puts Nvidia on both sides of the trade. SpaceX has signed another giant compute tenant. This time it is Reflection AI, an open-source startup barely two years old. Reflection […]

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Groq’s $650M raise: rebuilding after the Nvidia deal

Groq has confirmed a $650mn raise to rebuild itself as an AI inference cloud, six months after Nvidia paid out its investors and hired away its founder. The Groq $650M round is a bet that purpose-built chips still beat GPUs. Groq spent years as one of the loudest challengers to Nvidia. Then, last December, Nvidia […]

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Qualcomm nears $4bn Modular deal to rival Nvidia

Qualcomm is closing in on a deal to buy AI-software startup Modular for about $4bn. The Qualcomm Modular deal would hand the chipmaker fresh ammunition in its fight to rival Nvidia. Qualcomm has entered advanced talks to acquire Modular, according to Bloomberg. The deal would value the AI-infrastructure software company at roughly $4bn. An announcement […]

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BP, Walmart and 7-Eleven sued over AI-set petrol prices in California

A group of California drivers has sued six of the country’s biggest fuel retailers, accusing them of using an artificial-intelligence pricing tool to coordinate the cost of petrol and keep it artificially high. The complaint, filed on 22 June 2026 in federal court in Sacramento, names BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart, and Albertsons […]

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OpenAI’s suspiciously clean balance sheet is about to get a hard look

OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean software business. The reality is far heavier. As at 31 March, the ChatGPT maker had […]

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SpaceX taps the bond market for the first time to fund AI

Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing money from public bond investors. On Monday the rocket […]

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Uber anchors Lime’s IPO as the scooter firm goes public

The Lime IPO has a price and an anchor investor: Uber, the ride-hailing giant that already owns a chunk of the scooter firm and is now backing its market debut. Lime is going public, and an old backer is helping carry it across the line: Uber. The scooter and bike-rental firm, formally Neutron Holdings, has […]

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