BusinessBhavin Turakhia invests $30M of his own money to build AI-native alternative to Microsoft OfficeIndian entrepreneur Bhavin Turakhia is committing $30 million of personal funds to found Neo, an enterprise work platform he says is rebuilt from scratch for the AI era.3 min read
BusinessMeta considers selling spare AI compute via in-house cloud unit, shares jumpBloomberg reported that Meta is building an internal cloud unit to sell unused compute capacity for AI workloads, prompting a roughly 7% rise in premarket trading.2 min read
BusinessAshton Kutcher leaves Sound Ventures to launch early-stage AI and deep-tech VC with Morgan BellerAshton Kutcher is departing Sound Ventures, the firm he co-founded with Guy Oseary 11 years ago, to start a separate venture capital fund with Morgan Beller.2 min read
BusinessVenice AI raises $65M Series A at $1B valuation, builds privacy-focused AI platformVenice AI, a two-year-old startup that hosts over 200 AI models with privacy-preserving routing and encryption, has closed a $65 million Series A at a $1 billion valuation led by Dragonfly.3 min read
BusinessMeta may sell cloud compute and AI models to monetize its data centersMeta is reportedly planning a cloud infrastructure business that would sell AI compute capacity and hosted models, competing with Amazon Web Services, Google Cloud and Microsoft Azure.3 min read
BusinessBending Spoons lists on Nasdaq amid AI-driven growth and acquisition strategyItalian app developer Bending Spoons, owner of several well-known internet brands, went public on the Nasdaq today with an opening valuation above $18 billion and a 40% jump by market close.4 min read
BusinessWayve launches $85M employee share buyback at $8.5B valuationUK self-driving startup Wayve has opened an $85 million tender offer allowing employees to sell a portion of vested equity at the company's $8.5 billion valuation set in February.3 min read
BusinessFormer DeepMind Team’s EquiLibre Valued at $500M After Applying Poker AI to TradingThree ex-DeepMind researchers who built the poker-beating AI DeepStack have founded EquiLibre Technologies in Prague and applied reinforcement-learning methods to market trading.4 min read
BusinessEtched emerges with $5B valuation and $1B in orders for inference-focused AI systemsEtched, an AI-chip startup founded in 2022, says it has secured $1 billion in contract orders for full systems built around its newly manufactured chips and has raised $800 million in total, including a $500 million round that set a $5 billion post-money valuation.3 min read
BusinessBig Tech turns to foreign‑currency bonds and lease‑backed deals to fund AI buildoutSpending on chips, cloud infrastructure and data centres is pushing major cloud providers to issue more debt in non‑dollar currencies and to use lease‑backed financing tied to data‑centre contracts.3 min read
BusinessLux Capital leads $30M round for Gulf-focused infrastructure AI startup 1001Dubai- and London-based startup 1001 raised $30 million in a funding round led by Lux Capital, with participation from 9Yards, Hanabi and Saudi sovereign fund unit Sanabil.2 min read
BusinessQualcomm is shifting toward physical AI and data centers as growth driversQualcomm is repositioning beyond smartphones toward so-called physical AI applications and data-center chips as part of a diversification strategy.2 min read
