SpaceX approached AI coding startup Cognition about an acquisition, Bloomberg reports, and Cognition did not engage. Chief executive Scott Wu replied publicly that his company is “not for sale and we haven’t been talking.” SpaceX approached the AI codi…
Fractile, a British startup building chips for artificial intelligence, is in advanced talks to raise money at a valuation more than six times what it fetched three months ago, Bloomberg reported. The jump follows a deal to supply chips to Anthropic. T…
Also, the micromobility startup that spun out of Rivian last year, has raised $150 million in a Series D round. The round values it above $1 billion. The company told Fortune the money will go towards its real ambition, which is not e-bikes but small a…
Nebius Group said on Wednesday that it plans to raise $4.5 billion by selling convertible bonds. It will use the money to build data centres for artificial intelligence. The Amsterdam-based company set out the plan in a statement. The offering comes in…
Temporal Technologies is in talks to raise around $500 million, Bloomberg reported on Tuesday. The round would value the software startup at $12 billion or more before the new money, the news agency said. It cited people familiar with the talks. The ro…
Rillet, a startup that rebuilds corporate accounting around AI, has raised $100mn at a $1bn valuation, making it the latest AI unicorn. ICONIQ led the Series C, the company told Fortune in an exclusive. Nick Lichtenberg reported the deal. It is Rillet’…
Anthropic is preparing to give its founders shares with extra voting power before it goes public, according to The Information. The company is setting up the structure ahead of an initial public offering that could rank among the largest ever, Cory Wei…
A chip startup that promises to cut the power AI uses has raised $110mn and crossed a $1bn valuation. Velaura AI, based in Santa Clara, announced the Series A round on Tuesday. The company said in a statement that it builds ultra-low-power silicon and …
Prevalent AI, a London company that folds hundreds of scattered enterprise data sources into a single queryable graph, has raised $22m from Integrity Growth Partners. It is the first primary capital the business has taken in nine years of trading, whic…
Sometimes the most genuine projects emerge from gaps we identify in our own lives or in the society around us. And maybe this should be our focus as a society: to use all the technology at our disposal to solve problems that were almost impossible to a…