Blue Owl’s Stack seeks a $5.9bn loan, feeding the AI data-centre debt boom
Blue Owl’s Stack seeks a $5.9bn loan, feeding the AI data-centre debt boom

Stack Infrastructure, the data-centre arm of the private-credit giant Blue Owl, is seeking a loan of about $5.9 billion, Bloomberg reported. The deal, if it closes, would rank among the larger single financings in a market that has become the engine ro…

This Cambridge startup is building a ‘foundation model’ for the chest to speed drug trials
This Cambridge startup is building a ‘foundation model’ for the chest to speed drug trials

Most AI imaging startups build one model per disease. A Cambridge company has raised $20m to build a single model for the whole chest. Then it can spin the rest out of that. Qureight makes AI imaging tools for lung and heart clinical trials. It closed …

Fish Audio gives its voice AI away, and charges for the latency
Fish Audio gives its voice AI away, and charges for the latency

Fish Audio, a Palo Alto voice-AI startup, has raised $52m in a round it still calls a seed, first reported by TechCrunch. It arrives at a company with an unusual shape. It gives its best models away, and charges for the wiring around them. The startup …

AI broke the patch. This $60m startup is betting on not patching.
AI broke the patch. This $60m startup is betting on not patching.

A new Israeli security startup has emerged from stealth with $60m. It arrives with an argument the industry has resisted for decades. You cannot patch your way to safety any more, so stop trying. Act Security launched on Tuesday, Calcalist reported. It…

NextEra and Brookfield plan a $100bn data campus in Kentucky
NextEra and Brookfield plan a $100bn data campus in Kentucky

NextEra Energy and Brookfield plan to build a data-centre campus in Kentucky worth as much as $100 billion, Bloomberg reported. The project would rank among the largest single commitments yet in the American build-out of computing capacity for artifici…

Nvidia partner ChipAgents raises $60M for agentic chip design
Nvidia partner ChipAgents raises $60M for agentic chip design

ChipAgents, a startup building AI agents that design and test semiconductors, has raised $60 million. The company, a partner of Nvidia, is betting that the same agentic AI reshaping software can be turned on the painstaking business of making chips. Th…

Recursive is spending two-thirds of its funding on one AWS bill, and calls it small
Recursive is spending two-thirds of its funding on one AWS bill, and calls it small

Richard Socher’s new AI lab has just made an unusual bet with its money. Recursive has committed about $410m to a single, multi-year cloud contract with Amazon Web Services. That is roughly two-thirds of everything it has raised. The company left steal…

groundcover raises $100M to build observability for the AI era
groundcover raises $100M to build observability for the AI era

groundcover, an observability startup that keeps customers’ monitoring data inside their own cloud, has raised $100 million in a Series C round. The financing was led by the growth investor One Peak, with Morgan Stanley Expansion Capital and existing b…

Freehand raises $75M to put AI agents in charge of supply-chain spend
Freehand raises $75M to put AI agents in charge of supply-chain spend

The startup, whose agents negotiate and pay across procurement for the likes of Unilever and Pfizer, is betting enterprises want software that acts, not software that suggests. Freehand, a startup whose AI agents take over the grunt work of managing wh…

Modus Raises $10M Seed Led by Insight Partners as Enterprise AI Creates Demand for a New Context Layer
Modus Raises $10M Seed Led by Insight Partners as Enterprise AI Creates Demand for a New Context Layer

The enterprise AI market is moving into a new phase. As companies shift from experimenting with individual AI applications to deploying agents across business operations, the challenge is increasingly less about giving models access to information and …