DeepSeek reportedly in talks to raise $1.5B, then IPO

DeepSeek, the Chinese large language model developer, is said to be preparing for a 2027 IPO debut as it also looks to raise around $1.5 billion in new funds at a $71 billion valuation.

Pinwheel launches a retro-inspired landline phone for kids

Kid-friendly tech company Pinwheel announced the launch of a new landline phone designed to let children stay connected without the distractions of a smartphone.

Hermes agent maker Nous Research in talks for new funding at $1.5B valuation

The company is raising at least $75 million, led by Robot, with significant participation from USV and other prominent investors.

Phia accused of ‘cookie stuffing,’ taking affiliate credit on purchases it didn’t earn

Phia, the shopping startup founded by Bill Gates’ daughter, Phoebe, and her friend, Sophia Kianni, is under fire for a practice known as “cookie stuffing,” which helped the product receive commissions and credit for sales it did not actually generate, …

Hugging Face’s CEO on why companies are done renting their AI

Open source AI is booming, according to Hugging Face CEO Clem Delangue. The company has grown into something like a GitHub for AI in recent years, where AI builders can share and download open models and datasets, now used by roughly hal…

An AI agent startup just let its agent run its $100 million fundraise

Lyzr, a startup that builds AI agents for enterprises, used its own AI agent to raise a $100 million round — proof, evidently, that the product actually works.

Charles Hudson shares the common mistakes he’s seen after investing in 500+ startups

In this week’s episode of Build Mode, Isabelle Johannessen talks with Precursor Ventures’ Charles Hudson about the headwinds facing early-stage founders today and the most common mistakes founders should avoid in order to get funded. 

Mercor is in talks for a $20B valuation

A new $20 billion valuation would be a giant step up from the $10 billion valuation it reached in October.

Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

Benchmark-backed Ollama has amassed 176,000 stars, and nearly 17,000 forks on Github by helping developers easily run AI on their PCs.