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
BusinessGeneral Intuition raises $320M to train world models on gaming data as path toward AGIGeneral Intuition, a New York startup backed by Jeff Bezos and valued at $2.3 billion, closed a $320 million funding round led by Coatue with participation from Eric Schmidt and researchers from MIT and Google DeepMind.5 min read
BusinessMicrosoft trims workforce and shifts AI workloads to cut infrastructure costsMicrosoft is cutting about 4,800 jobs—roughly 2.1% of its workforce—while moving some Excel and Outlook AI tasks from OpenAI and Anthropic to its own MAI models, according to Bloomberg.2 min read
BusinessPrime Intellect raises $130M to sell a full-stack platform for building enterprise AI agentsPrime Intellect closed a $130 million Series A at a $1 billion valuation to offer a turnkey platform that helps companies build and train their own AI agents.4 min read
BusinessAI startups report accelerating revenue milestones as ARR measures divergeSeveral AI-focused companies have reported not only growing revenues but accelerating pace in hitting annualized revenue milestones, though they use different ARR definitions.3 min read
BusinessGeneral Intuition aims for AGI by training world models on gaming dataGeneral Intuition, a Bezos-backed New York startup valued at $2.3 billion, raised $320 million to develop world models for physical intelligence using gaming and limited real-world data.3 min read
