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The US is paying an AI startup $500M to break China’s grip on chip materials

The US government has just become a shareholder in an AI startup, in exchange for a bet that artificial intelligence can break China’s hold on the materials inside every chip factory. The Department of Commerce has awarded SandboxAQ $500mn under the CHIPS Act to develop new chemicals and metals for domestic semiconductor manufacturing, Reuters reported. […]

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Neuralink finally has a real rival: Paradromics just put a brain chip in its first patient

Neuralink has dominated the brain-chip story for two years. It now has a serious challenger with a patient of its own. Paradromics, an Austin neurotech firm, has implanted its Connexus brain-computer interface in the first participant of its FDA-approved clinical study, the company said. The patient, a Michigan woman who has lost the ability to […]

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A startup that builds offensive cyber weapons just became a $1bn unicorn

Most cybersecurity startups sell shields. Twenty sells the sword, and investors just valued that at $1bn. The company, which describes itself as America’s first venture-backed cyber warfare firm, has raised a $100mn Series B led by Accel, Axios reported. The round, with Point72 Ventures, Caffeinated Capital and Friends & Family Capital also taking part, brings […]

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Odyssey took Nvidia’s money. Now it’s raised $310M betting on Amazon and AMD

Odyssey, an AI lab building real-time ‘world models’, has raised $310mn at a $1.45bn valuation. The more telling number is whose names are on the round. The Series B was led by Natural Capital, with Amazon, AMD Ventures, Google’s GV, EQT and the CIA-linked fund In-Q-Tel taking part. As part of the deal, AWS becomes […]

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Microsoft might put China’s DeepSeek inside Copilot to tame its AI bills

Microsoft is considering putting a Chinese AI model inside its enterprise Copilot, and the reason is money. The company told Axios it is exploring a self-hosted, fine-tuned version of DeepSeek V4, or another open-source model, as a cheaper option to power Copilot Cowork, the agentic assistant in its Microsoft 365 suite. It expects to offer […]

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Amazon could face billions in fines as the FTC eyes its ad business

Amazon’s advertising business has become its quiet money machine. It may also be its next big regulatory headache. The US Federal Trade Commission has drafted a potential complaint accusing Amazon of misleading advertisers, a case that could lead to billions of dollars in civil penalties, Bloomberg reported on 16 June, citing people familiar with the […]

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Helion just got the world’s first licences to run a fusion power plant

Helion has become the first company in the world licensed to operate a fusion power plant. On 16 June, the Washington-based firm said it had received two licences from the state’s Department of Health, clearing a regulatory bar no fusion company has reached before. It is a real milestone. It is also a regulatory one, […]

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Uber’s robotaxi service is heading to Houston to take another swing at Waymo

Uber is taking its robotaxi service to Houston. The company said on 17 June that it will launch a premium driverless service in the city by mid-2027, the second US market for its partnership with EV maker Lucid and self-driving startup Nuro. It is also the clearest sign yet of how Uber intends to fight […]

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The FCC reopens the door to Chinese toy drones, but only the tiniest ones

The exemption is narrower than the announcement makes it sound. On Tuesday the US Federal Communications Commission said it would again allow new models of Chinese toy drones to be imported, six months after it barred new foreign-made drones outright. The relief is real, but it has been defined so tightly that the word ‘toy’ […]

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US holds off blacklisting DeepSeek and 100-plus Chinese firms

The decision had, in effect, already been made. According to people familiar with the matter, reports Reuters, a US interagency committee approved adding the Chinese AI startup DeepSeek, the memory-chip maker CXMT and more than 100 other companies flagged as national-security risks to the Commerce Department’s Entity List last year. What has not happened, and […]

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