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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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Publishers sue Google over Gemini AI training

A group of major book publishers and the author Scott Turow have sued Google, claiming it used millions of copyrighted books to train its Gemini AI without permission. The Google Gemini lawsuit calls it “one of the most prolific infringements of copyrighted materials in history.” The plaintiffs filed the complaint on 10 July in the […]

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Abu Dhabi already runs its government on AI

While the West argues over how to regulate AI, Abu Dhabi has quietly built an AI-native government. In the UAE capital, a single app already renews your ID, books your doctor, and pays your parking fine, sometimes before you ask. Most governments are still drafting their first AI strategy. Abu Dhabi is running on one. […]

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Anthropic’s job ads read like a threat assessment

A look at Anthropic safety hiring shows exactly what it fears: analysts brought in to stop its models teaching anyone how to build nuclear, chemical, and biological weapons. Most job ads sell a mission. Anthropic’s read like a threat assessment. The company has posted a run of openings for enforcement analysts whose job is to […]

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The White House’s Gold Eagle wants to patch cyber flaws at machine speed

The White House wants frontier AI on cyber defence, and it wants it fast. Gold Eagle, a new AI-backed clearinghouse, will pool software vulnerability findings from government and industry. It ranks the worst, then coordinates fixes across US critical infrastructure. The pitch for AI-written malware is that it moves at machine speed. Washington has now […]

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