The Current Series E is in. The New York neobank raised $80m, led by Springcoast Partners, at a $1.5bn valuation. That headline hides the real story. In 2021, Andreessen Horowitz valued Current at $2.2bn. The new round sits about a third below that pea…
Coram AI has raised $35m to turn the security cameras already bolted to walls into something closer to an autonomous detective. The Series B is co-led by the new investor Ansa Capital and Battery Ventures, with UP Partners, 8VC and Mosaic Ventures join…
On the day SpaceX prices the largest stock-market debut in history, the market underneath it has a case of nerves. The cause is not rockets. It is AI. Several warning lights are flashing at once. Together they amount to the first serious test of a trad…
The SpaceX IPO is set to price the biggest stock-market debut in history this week, raising about $75bn at a valuation near $1.75tn, with shares trading on Nasdaq from Friday. But the most consequential thing about Elon Musk’s rocket company going publ…
The AI boom has a problem no amount of capital can solve on its own: there are not enough electricians, welders, and pipefitters to build it. Google’s answer is to pay to train them. Its philanthropic arm, Google.org, said it is committing $50M to prep…
The US-backed plan to build an AI and supply-chain hub in the Philippines now has a number attached: about $10bn in initial investment, with more to follow, according to the official leading the Philippine side. It also has a striking term on the table…
The backlash against AI data centres has reached a new stage: a class-action lawsuit. Residents of Mississippi have sued Elon Musk’s xAI and SpaceX, claiming a gas-fired power plant that feeds nearby data centres blasts “omnipresent and inescapable” no…
OpenAI is wiring a payment network into ChatGPT. Under an expanded partnership announced at the Visa Payments Forum on Wednesday, AI agents inside OpenAI’s products will be able to shop and pay on a user’s behalf at, in principle, any of the more than …
Palantir CEO Alex Karp says full nationalization of AI companies is coming, and that Senator Bernie Sanders’ proposal for 50% public ownership will soon look moderate. “In two years, they’re not going to think Bernie Sanders is progressive,” Karp told …
The White House is negotiating with key senators to bundle federal preemption of state AI laws with three online safety bills, Axios reported. Senator Marsha Blackburn is leading the effort to finalise legislative text. The package would block state AI…