Nscale, the London AI-cloud company that owns its own power and data centres, is buying its way up the stack. It has agreed to acquire Anyscale, the startup behind the widely used Ray software. Bloomberg reported the deal at about $1.65bn. Nscale annou…
The stablecoin industry has long relied on a familiar trust model: accounting firms periodically review reserve balances and publish attestations weeks after the underlying data was collected. For an asset class that moves around the clock, that approa…
The race to build an AI “foundation model of the cell” has a fuel problem. The biological data needed to train one is scarce, messy and inconsistent. Relation Therapeutics thinks the answer is to manufacture that data itself, and GSK is paying up to $1…
Six days ago, IBM agreed to buy a quantum-computing lab that builds a kind of qubit IBM does not. This week, the lab showed the world why. HRL Laboratories published a result in Nature on Wednesday: a silicon quantum processor that, in effect, runs its…
For three years, the AI race has been a race for faster chips. Eliyan just became a $1bn company by pointing out that the chips are now too fast for their own wires. The Santa Clara startup said it closed an oversubscribed $145m Series C at a $1bn valu…
Dave, a New AI-Powered Tool for Sellers, Helps Resolve 54% of Their Cases and Efficiently Manages Demand Spikes During AAA Game Launches. Now available in 180 countries, it has reduced the number of tickets submitted to Seller’s Support teams by 30%. G…
Most AI imaging startups build one model per disease. A Cambridge company has raised $20m to build a single model for the whole chest. Then it can spin the rest out of that. Qureight makes AI imaging tools for lung and heart clinical trials. It closed …
Less than a year ago, AlphaFold won Google DeepMind a Nobel Prize. Now DeepMind has taken the team that built it apart. The lab has reassigned most of the original AlphaFold-paper authors over the past year, the Financial Times reported. Nearly a quart…
For the past two years, the AI industry has focused on making models smarter. Every new release promises better reasoning, longer context windows, or more capable autonomous agents. Increasingly, people assume that software won’t just answer questions;…
Richard Socher’s new AI lab has just made an unusual bet with its money. Recursive has committed about $410m to a single, multi-year cloud contract with Amazon Web Services. That is roughly two-thirds of everything it has raised. The company left steal…