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YouTube appeals the social media addiction verdict, arguing it isn’t social media

YouTube has appealed the landmark social media addiction verdict, joining Meta. Its argument: YouTube is not a social media platform. YouTube has a curious line of defence against the finding that it helped hook a child on its app. It says it is not a social media platform at all. The Google-owned video service has […]

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Apple is shopping for chip companies because its own AI servers can’t keep up

Apple built a trillion-dollar business on chips it designs itself. It cannot design the ones its AI needs fast enough, so it is going shopping. The iPhone maker is hunting for AI chip acquisitions, The Information reported. In recent months it has talked to bankers about deals and approached chip startups to ask if they […]

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Walden Robotics launches with $300M, and its factory humanoids have no legs

Walden Robotics has launched from stealth with $300m and a $1.1bn valuation. The Toyota spin-out builds humanoids for factories, and it left off the legs on purpose. “If you listen to the people on the factory floor, they aren’t ready, and they don’t want them yet.” That is Russ Tedrake, telling Bloomberg why his new […]

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An OpenAI researcher is leaving to build a $2bn AI drug startup that has no name yet

No name. No product. No confirmed funding. And, possibly, a $2bn price tag. That is the shape of the newest bet in AI drug discovery. Miles Wang, a researcher at OpenAI, is leaving to start his own company, TechCrunch reported. He is in talks to raise about $200m at a $2bn valuation, with Lightspeed in […]

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Neko Health raises $700M at nearly $7bn and heads to New York

Neko Health, the body-scanning startup from Spotify’s Daniel Ek, has raised $700m and is now worth about $7bn. It is heading to New York, backed by Mark Zuckerberg, Maria Sharapova, and will.i.am. “We’ve gone into markets where health care is free, and hundreds of thousands of people line up in a queue” to pay for […]

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Emergent hits a $1.5bn valuation as vibe coding mints another unicorn

Emergent’s vibe coding platform hit a $1.5bn valuation a year after launch. Its founder says most businesses do not need software, they need a way to turn how they work into it. “Most businesses don’t need any software. They need a way to turn how they actually work into software.” That is how Mukund Jha […]

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Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment

Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fast-rising star. Chai Discovery has raised a $400m Series C that values the San Francisco startup at $3.8bn, the company said. That […]

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CXMT prices a record $8.5bn Shanghai IPO, valuing China’s memory champion at $85bn

China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion yuan, or $8.5bn. That would make it the largest listing by a Chinese semiconductor […]

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Reflection signs a $1bn AI compute deal with Nebius, its second big capacity grab in a month

Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvidia’s newest GB300 chips. Nebius confirmed the deal. Its shares have more than doubled this year […]

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Apple is in talks with the startup shrinking a 27B AI model onto an iPhone

Apple is in early talks with PrismML, a startup that shrinks large AI models to run directly on a phone. The company’s on-device AI pitch could help Apple keep more of Siri’s work off the cloud. PrismML chief executive Babak Hassibi told CNBC that Apple and other companies were evaluating its technology. He called the […]

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