OpenAI is in talks with UAE funds including MGX, which may put in as much as $10B together, and with BlackRock, to anchor a $30B round at a $1.4T valuation it is presenting as a fixed price without a lead investor. The EU’s AI gigafactory programme car…
Reclinker, a startup that turns demolition waste back into cement, has raised £10m in a Series A round. It will use the money to move from trials to full commercial production in Cardiff. The company said on Monday that its process cuts cement’s emissi…
Building a company like this requires relentlessness, belief and dedication. Every start-up will have low points, but we’ve always as founders had this die hard conviction that we could build a better and new way to do legal research, said Casper Laurs…
Masayoshi Son, who has put $64.6bn into OpenAI and calls bubble talk absurd, said in Kyoto that superintelligence in the wrong hands could become super dangerous and that countries must cooperate to control it. He spoke beside Michael Kratsios, who lau…
Nvidia hit a record for the first time since May, leaving it under $300B short of becoming the first company worth $6T, on a rally driven by AI agent demand and a record $150B buyback increase. ASML, Europe’s most valuable listed company, needs the sam…
FieldAI is raising $700M at a $10B valuation, five times its mark from just over a year ago, for software designed to run robots it does not build. Europe’s biggest robotics rounds this year funded machine makers, and the nearest European answer to Fie…
Volantis has raised $88M to build a photonic link between AI compute and memory, using gallium arsenide lasers to avoid constraints in indium phosphide. The Netherlands is building a EUR 153M indium phosphide pilot line at Eindhoven that opens in 2027,…
The heads of two AI coding startups are fighting in public over an adviser who switched sides, as Carmen Arroyo reported for Bloomberg. Factory chief executive Matan Grinberg said on X on Wednesday that he was cutting ties with Chris Degnan, an adviser…
TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes …
Broadcom has agreed to lend Anthropic up to $42bn to help pay for its AI infrastructure, Reuters reported on Thursday, citing Anthropic’s IPO prospectus. The loan could cover about a third of the $125.2bn Anthropic has committed to a five-year lease of…