OpenAI, Anthropic, Amazon and Microsoft are bankrolling a new nonprofit to retrain American workers for the AI economy. RAISE US, led by Gina Raimondo, has already raised more than $500m. The biggest names in AI agree on at least one thing. The technol…
Adobe is buying Topaz Labs, the Emmy-winning maker of AI image and video enhancement tools. The deal hands Adobe upscaling, restoration and on-device AI as creators blend captured and generated footage. Adobe has agreed to buy Topaz Labs, an AI company…
Scaled Cognition has raised $100M led by Khosla Ventures to build AI that does not hallucinate. The startup says its model will not give a wrong answer, a bold claim in a field built on probability. Scaled Cognition, a Mountain View AI lab, has raised …
Airwallex has raised $320M at an $11bn valuation, up from $8bn in December. The payments company is now pivoting to “autonomous finance” and AI agents that transact on your behalf. Airwallex, the global payments platform, has raised $320m in a Series H…
French insurtech Alan has raised €480M led by Prosus at a €5.5bn valuation, just months after its last round. The Paris company is betting that AI-driven prevention can reshape health insurance. Alan, the French health insurance company, has raised €48…
Tissium has raised €60M to carry the world’s only FDA-cleared sutureless nerve repair system into US operating rooms. The Paris medtech wants to swap the surgeon’s needle for a dab of light-cured glue. For a severed nerve, the standard repair has barel…
Superhuman, the company that used to be Grammarly, just bought GPTZero, the startup that catches AI writing. The contradiction is the point. As the internet fills with machine-made text, proving something is human is becoming a product. There is a neat…
Bloomberg says defense-factory startup Hadrian is in talks to raise as much as $1bn at a $7.5bn valuation. Hadrian calls that “inaccurate”. Either way, the rumour shows how hot physical AI and US reindustrialisation have become. Here is a number, and a…
While public markets panic that AI will gut enterprise software, a quiet Dutch firm just raised €5.25bn on the opposite bet. Main Capital’s pitch: boring, essential software is exactly where the next decade of value sits. Charly Zwemstra has spent 23 y…
Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The f…