BusinessOpenAI’s Applications Chief Fidji Simo Shifts to Part-Time Advisory Role Amid Extended Medical LeaveFidji Simo, who joined OpenAI’s board in 2024 and became CEO of Applications in May 2025, is relinquishing her full-time role and moving to a part-time advisory position due to a prolonged medical leave.4 min read
BusinessStartup used its own AI agent to lead a $100M Series B at about $500M valuationThree-year-old Lyzr of Jersey City used an in-house AI agent called SivaClaw to run much of its $100 million Series B round, handling investor questions, drafting memos and tracking engagement.2 min read
BusinessElon Musk praises Anthropic after major hosting deal with SpaceXElon Musk publicly recanted earlier criticisms of Anthropic and praised the AI lab after the company became one of SpaceX’s largest customers.3 min read
BusinessParis-based voice AI startup Gradium raises $100M seed round with Nvidia among investorsGradium, a Paris-based startup developing ultra-low-latency voice AI models, reopened its seed round to new investors and has now raised $100 million in total, with Nvidia among the participants.2 min read
BusinessMeta to Begin Manufacturing Next-Generation AI Chips in SeptemberMeta plans to start producing the latest generation of its custom AI chips in September, according to a Reuters report citing an internal memo.2 min read
BusinessAI IPOs and SpaceX's Market Debut Could Surpass 25 Years of U.S. VC ExitsThe NCVA–PitchBook Venture Monitor highlights that the combined public valuations of SpaceX, Anthropic and OpenAI may exceed the total value generated by all U.S.3 min read
BusinessOllama raises $65M Series B as its developer user base nears 8.9 million monthlyOllama, an open-source AI tooling startup that helps developers run open-weight models locally and via its cloud, has closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million.3 min read
BusinessNandan Nilekani steps back as general partner at Fundamentum while the firm raises a $200M third fundNandan Nilekani will relinquish his title as general partner at Fundamentum Partnership as the firm launches Fund III targeting roughly $200 million.4 min read
BusinessMorgan Stanley Sees Starlink and AI Infrastructure as SpaceX’s Main Value DriversMorgan Stanley initiated coverage of SpaceX with a $300 price target, arguing that only a small fraction of the company’s value comes from traditional rocket launches.3 min read
BusinessAnthropic inks $19 billion, 20-year deal with TeraWulf as miners pivot to AI infrastructureAnthropic has signed a $19 billion, 20-year agreement to use TeraWulf's Kentucky server farm for AI model training, reflecting a broader industry shift as bitcoin prices and mining margins decline.3 min read
BusinessApple expands US chip manufacturing deal with Broadcom worth over $30 billionApple has agreed to extend its partnership with Broadcom in a multiyear arrangement expected to exceed $30 billion, including more than $15 billion of semiconductors to be manufactured in the United States and a $1.5 billion expansion of Broadcom's Fort Collins facility.2 min read
BusinessSwedish startup Lovable in talks to raise $300M at $13.2B valuationLovable, a Swedish "vibe-coding" startup, is reportedly negotiating a $300 million funding round that would value the company at $13.2 billion, double its December valuation of $6.6 billion.2 min read
