Intel raises up to $20bn to fund its foundry bet against TSMC
Intel raises up to $20bn to fund its foundry bet against TSMC

Intel has announced a $15bn common-stock offering, a sale that could swell to as much as $20bn if underwriters take up their overallotment options. It is a bold move for a company that, not long ago, looked like a cautionary tale, and it shows just how…

Six finance giants back Nvidia’s $500bn plan to fund the AI buildout
Six finance giants back Nvidia’s $500bn plan to fund the AI buildout

Nvidia has recruited six of the largest names in finance to help turn its chips into something a bank can lend against. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build what it calls “com…

Lovable’s answer to enterprise AI risk is an insurance policy from Lloyd’s
Lovable’s answer to enterprise AI risk is an insurance policy from Lloyd’s

Lovable has become the first coding agent platform certified under AIUC-1, a security standard for AI agents that comes with something unusual attached: the certifying body also underwrites the risk. Customers using a certified agent are insured, throu…

Palette raises €3M pre-seed to develop an OS for AI-native teams

Copenhagen-basedAI software startup Palette has raised €3 million in pre-seed funding to expandits platform for teams adopting AI across their organisations. The round wasled by Ugly Duckling Ventures…

Corma raised $60M from Sequoia to build the defensive AI that cybersecurity is missing
Corma raised $60M from Sequoia to build the defensive AI that cybersecurity is missing

In hundreds of simulations modelled on Fortune 500 companies with dozens of security tools, Corma tested leading AI models including GPT and Claude. First, the models attacked the simulated organisations and planted persistent threats. Then the same mo…

The Arena Group is renaming itself Paradium.AI, and its revenue just halved
The Arena Group is renaming itself Paradium.AI, and its revenue just halved

The Arena Group is renaming itself Paradium.AI. The publisher of TheStreet, Parade and Men’s Journal expects the change to finish by the end of August. Business Insider had it first. Steven Tweedie and Ben Shimkus obtained a staff memo from chief execu…

Google is testing a homepage without a Search button
Google is testing a homepage without a Search button

Google is testing a homepage with no Search button. A small group of signed-out users see three AI shortcuts in its place, and the familiar layout returns the moment they log in. Search Engine Watch spotted the change on Monday and reproduced it across…

Point2 raised $136M to solve AI’s wiring problem. Its RF cables beat copper on reach and optics on latency.
Point2 raised $136M to solve AI’s wiring problem. Its RF cables beat copper on reach and optics on latency.

Point2 Technology has raised $136 million in total Series B financing to commercialise a new type of cable that could replace both copper and optics inside AI data centres. The latest extension was led by LB Investment, with new strategic participation…

AI professors are negotiating the new realities of academic research

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. Last week, I headed 30 miles south of San Francisco to a hotel in Mountain View, California, to join some of the most accomplished, and some of the most promising, AI…

Cybersecurity stocks hit record highs, and one analyst target lasted a morning
Cybersecurity stocks hit record highs, and one analyst target lasted a morning

CrowdStrike and Palo Alto Networks hit record highs on Monday. Each rose more than 5%, after a week in which the Black Hat conference in Las Vegas turned into an argument about AI agents. CNBC’s Samantha Subin reported the move. CrowdStrike gained 11.3…