BusinessOpenAI's goal: best models across every price tier and modalityAccording to OpenAI's announcement, the OpenAI API aims to offer the best model at every price point and in every modality (text, code, image, video, etc.).1 min read
BusinessSnorkel AI raises $350M at $3.5B valuation as demand for training data surgesSnorkel AI closed a $350 million Series E round that values the company at $3.5 billion, nearly triple its valuation 17 months earlier.2 min read
BusinessGates Foundation Pledges $1 Billion to Boost AI for Africa, Citing Data GapsThe Bill & Melinda Gates Foundation says African economies risk being sidelined by AI systems trained predominantly on English‑language data.2 min read
BusinessSoftBank plans over $11 billion junk-bond sale to help fund OpenAI investmentTokyo-based SoftBank intends to raise more than $11 billion through high-yield bond issuances to partly finance a forthcoming investment in OpenAI.2 min read
BusinessRevolut’s Nik Storonsky on building a low‑risk, capital‑efficient global bankRevolut founder and CEO Nik Storonsky described to the Financial Times how he has structured the company as a low‑risk, capital‑efficient digital bank while pursuing global expansion and licensing.3 min read
BusinessOpenAI plans massive losses and spending between 2026 and 2030OpenAI projects a cumulative negative free cash flow of $278 billion for 2026–2030 as it scales computing and infrastructure to support advanced AI models.2 min read
BusinessBolt and Lucid sign preliminary deal to pursue at least 25,000 robotaxis across EuropeBolt and Lucid have signed a non‑binding agreement to deploy at least 25,000 autonomous taxis in Europe, a move Lucid says could help stabilise its finances.3 min read
BusinessVantora secures $100M to build corporate-focused physical AI startupsVantora, the startup lab formerly known as UP.Labs, received a $100 million investment from Silversmith Capital Partners to expand its work building AI-driven physical solutions for corporate customers.3 min read
BusinessAnthropic operates a Bay Area wet lab for fundamental biology alongside its AI workAnthropic has confirmed it runs a wet biology laboratory in the San Francisco Bay Area where its AI models can inform and help run physical experiments, with the company saying the facility focuses on fundamental biology rather than drug discovery.3 min read
BusinessAnthropic embeds Accenture evaluators in multi‑billion dollar safety partnershipAnthropic said staff from Accenture’s AI division, Faculty, will work inside the company to evaluate, red‑team and test safeguards for its models, in a collaboration both firms expect to fund with at least $1 billion over five years.3 min read
BusinessBanks extend $22B loan to Crux AI, signaling neoclouds as an asset classTen banks have provided a $22 billion loan package to Crux AI, the newly launched cloud venture of Blackstone and Alphabet, with the financing secured by purchased Google TPU chips and customer contracts.2 min read
BusinessManus resumes independent operations, seeks $500M funding at $4B valuationChinese AI startup Manus has restarted independent operations and is in talks to raise $500 million at a $4 billion valuation, according to The Wall Street Journal.2 min read
