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
BusinessAnthropic signs up to 20-year, $9.1B data center deal with Riot PlatformsAnthropic has agreed to lease data center capacity from Riot Platforms in Texas under a 20-year contract worth $9.1 billion, with two optional five-year extensions that could raise the total to $16.1 billion.2 min read
BusinessIBM and Together AI Agree $240M Deal to Build Nvidia-based AI InfrastructureIBM and Together AI signed a multiyear $240 million agreement to build an AI infrastructure on Nvidia hardware, focused mainly on running open-source models in the cloud.2 min read
BusinessMistral AI plans 1 GW of European AI compute by 2030 backed by five‑year customer commitmentsFrench AI firm Mistral AI unveiled a plan to scale European inference capacity to one gigawatt by 2030, supported by a coalition of enterprises making multi‑year compute commitments.5 min read
BusinessUS Companies See Record Equity Issuance in Q2 amid Heavy Buybacks and Concentrated DealsGoldman reports that US firms raised $105 billion via follow-on equity offerings through July, while total equity issuance reached a record $252 billion in Q2.2 min read
