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Klarna launches US savings accounts at 3.28% as the buy-now-pay-later company tries to become a bank

Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are designed to let existing Klarna spending customers hold savings within the same platform. “The average American earns less than 0.5% on their savings, not because better options don’t […]

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An ‘anti-private-equity’ startup raised $225M to buy Main Street software and rebuild it with AI

Private equity buys companies, strips out costs, and flips them. A two-year-old startup called Beacon has raised hundreds of millions to do almost the opposite, and to let AI do the heavy lifting. Beacon, an “AI-native” holding company based in Toronto and San Francisco, said on Tuesday it had raised a $225mn Series C led […]

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An ex-scooter founder raised $5M to build AI data centres in orbit, where the sun never sets

AI is running out of power, and out of places to put it, on Earth. A Los Angeles startup wants to solve both problems by leaving the planet. Orbital, a space-infrastructure company building AI data centres in low Earth orbit, has raised a $5mn oversubscribed pre-seed round led by a16z speedrun, with a long list […]

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Robot-arm maker Standard Bots hits a $1bn valuation to scale US manufacturing

America wants to build robots, not just import them. A New York startup has just raised $200mn to do exactly that. Standard Bots has closed a $200mn round that values the company at $1bn, minting a fresh robotics unicorn. The financing was led by General Catalyst and RoboStrategy, a fund dedicated to robotics, and marks […]

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NinjaOne’s valuation more than doubles to $12.3bn, and it says it didn’t even need the money

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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NinjaOne’s valuation more than doubles to $12.3bn, and it says it didn’t even need the money Read More »

A federal judge just threw out Trump’s $100,000 H-1B visa fee, calling it an unlawful tax

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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Trump orders the military to adopt AI faster, protect models from China, and never let a vendor pull the plug

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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Healthcare’s $97bn staffing problem just won an AI training startup a $55M round

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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A former NASA chief is taking Quantum Space public at $1.2bn to build spacecraft for the next space race

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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Google orders chips from Intel and Nvidia is testing its tech, as TSMC’s grip on AI starts to strain

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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