The privacy official in Spirit Airlines’ bankruptcy has recommended approval of the sale of deidentified Spirit Airlines data to Google. In a report filed on 5 October, ombudsman Lucy Thomson said Spirit and Google had taken passenger databases out of …
In August, Mark Zuckerberg met Meta’s chief AI officer, Alexandr Wang, and its head of AI product, Nat Friedman, Eli Tan reported for The New York Times on Friday. They discussed Instinct, a 14-person start-up whose AI agent was taking off. Zuckerberg …
OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year, Bloomberg reported on Friday. The company shared the forecast with investors in talks over its latest funding round, according to people familiar with the matter. Th…
Sam Altman called Elon Musk a bully and said he would still work with him, in an interview with Vanity Fair. The magazine published it on 5 October with its revived New Establishment list. The OpenAI chief executive tops that list. Vanity Fair global e…
PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from th…
Waymo has closed a $5bn term loan, the first time the Alphabet-owned robotaxi company has raised money through debt. Pimco, Blackstone and Sixth Street led the loan, Waymo said on Thursday. The money will go into expanding Waymo’s driverless ride-haili…
Quantum computing, healthcare and energy security are the fields Nvidia wants to strengthen with commitments it values at $1 billion. The money will be spread over the next five years. The company announced the commitments on Thursday at the Science: A…
European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn…
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed. LG Technology Ventures, G…
Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vi…