CuspAI Raises $450 Million to Accelerate AI-Driven Materials Discovery
British artificial intelligence startup CuspAI has raised $450 million in a Series B funding round led by Kleiner Perkins and NEA, reaching a valuation of $2.6 billion. The round attracted major investors including the...
Hitachi Energy, Eve Partner to Build Charging Network for Flying Cars
Hitachi Energy and Eve Air Mobility have entered into a strategic partnership to develop the power infrastructure required for Eve’s electric vertical takeoff and landing (eVTOL) aircraft, commonly known as flying cars. The collaboration...
Flex Raises $70 Million, Hits $1.2 Billion Valuation
AI-powered fintech startup Flex has raised $70 million in a funding round led by Halo Fund, the venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. According to a...
Reflection Signs $1 Billion AI Compute Deal With Nebius
AI startup Reflection has signed a computing infrastructure agreement worth more than $1 billion with Nebius, securing access to Nvidia’s latest AI chips as demand for computing power continues to surge. The deal expands...
Newspapers Seek Sanctions Against OpenAI in Copyright Lawsuit
A group of newspapers, led by The New York Times and the New York Daily News, has asked a federal court in Manhattan to impose sanctions on OpenAI, alleging the company misled the court...
Meta to Begin AI Chip Production in September to Boost Computing Power
Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip, code-named Iris, from September as part of its strategy to expand AI computing capacity to 14 gigawatts by next year, according to an...
CISA Uses Anthropic’s Mythos AI to Strengthen U.S. Cybersecurity
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) is using Anthropic’s artificial intelligence model, Mythos, to identify vulnerabilities in government software, according to sources familiar with the matter. The AI model is being deployed...
Meta Faces $1.4 Trillion Penalty Claim in Youth Addiction Lawsuit
Meta Platforms has revealed that four U.S. states are seeking nearly $1.4 trillion in penalties over allegations that Facebook and Instagram were intentionally designed to addict young users while misleading the public about the...
Shopify to Ban Vape Sales Amid U.S. Crackdown on Illegal E-Cigarette Market
Shopify is set to prohibit the sale of all vape products on its e-commerce platform as early as this week, following sustained pressure from a bipartisan coalition of 25 U.S. state attorneys general seeking...
US Halts Anthropic AI Model Access Over National Security Concerns
The U.S. Commerce Department has ordered artificial intelligence company Anthropic to suspend global access to its latest AI models, Mythos and Fable 5, citing concerns that the technology could be exploited by military intelligence...