BusinessThrive Holdings Raises $2 Billion to Scale AI Integration into Traditional BusinessesThrive Holdings secured $2 billion at a $12 billion valuation from investors including SoftBank, D1 Capital Partners, and Altimeter Capital to expand its model of buying traditional firms and embedding AI into their operations.3 min read
BusinessFoxconn posts 35% jump in quarterly profit as AI demand boosts ordersHon Hai Precision Industry (Foxconn) reported a 35% year‑on‑year increase in net profit for the April–June quarter, driven by continued demand for artificial intelligence hardware.2 min read
BusinessMeta and BlackRock Structure $14B Deal to Finance 1 GW El Paso Data Center with Pension-Linked FundsMeta and BlackRock announced a $14 billion venture to build a 1‑gigawatt data center in El Paso in which BlackRock‑managed funds will own 80% and $12.5 billion of the project will be debt financed.2 min read
BusinessBitcoin Miners Rent Power to AI: Riot Platforms’ $9.1B, 20‑Year Deal with AnthropicRiot Platforms agreed to supply 191 MW of capacity at its Rockdale, Texas campus to Anthropic under a 20‑year, $9.1 billion contract; with two five‑year extension options the arrangement could total $16.1 billion.2 min read
BusinessSandbar bets on voice-first control for wearable AI note-takingSandbar, the startup behind the private voice ring Stream, argues the future of AI-driven wearable devices lies in voice-based control.2 min read
BusinessLovable raises $400M Series C, valued at $13.3B after revenue milestoneLovable has closed a $400 million Series C round led by Menlo Ventures and the Scaleup Europe Fund, bringing its valuation to $13.3 billion.2 min read
BusinessBlacksmith's Valuation Jumps Tenfold to $550M as It Focuses on Code TestingBlacksmith, founded in 2024, raised a $45 million Series B led by Peak XV Partners, bringing its valuation to $550 million and total funding to $58.5 million.3 min read
BusinessOpenAI sees multiple senior departures ahead of planned IPOSeveral senior executives at OpenAI have left the company in recent months, including longtime executive Brad Lightcap and the head of ethics, continuing a leadership exodus as the company prepares for a planned public offering.2 min read
BusinessCME Group to Launch Futures Linked to AI GPU Rental Rates in OctoberCME Group plans to introduce futures contracts tied to the rental cost of AI GPUs in October, developed with Silicon Data and subject to regulatory approval.2 min read
BusinessChai Discovery accelerates drug design with AI tools and major pharma partnershipsAt the January JPMorgan Healthcare Conference, several large AI×pharma tools deals were highlighted, with OpenAI‑backed Chai Discovery—now valued at $4 billion and only two years old—emerging as a central player.3 min read
BusinessAccel closes $550M India fund as part of $3.5B global raiseAccel has closed a $550 million India-focused fund, part of a coordinated $3.5 billion global fundraising round that also included U.S., Europe and a $1.35 billion growth vehicle.4 min read
BusinessActivist investor urges Lionsgate to pivot for the AI era or consider saleActivist investor Anson Funds is pressing Lionsgate to either reposition itself for opportunities created by generative AI or explore a sale, arguing the studio’s film library could command a premium through IP licensing.3 min read
