In Brief
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Ahead of US IPO, British AI neocloud Nscale secures $3.36B in convertible financing
Nscale, a British neocloud, has secured $3.36 billion in financing ahead of its IPO later this year, the company announced…
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North Korean hackers suspected in $351M crypto theft, the largest so far this year
North Korean hackers are suspected of stealing more than $351 million from the servers of cryptocurrency exchange Bitget during a…
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PrismML brings its tiny LLMs to Qualcomm-powered smart glasses
The AI Lab PrismML — founded by Caltech researchers and advised by UC Berkeley’s Ion Stoica — has created a…
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VC firm Bessemer now has another $5.75B to invest in (what else?) AI
Bessemer Venture Partners announced on Wednesday that it has raised $5.75 billion across two new funds to accelerate its investment…
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Apple could take on Whoop with a new fitness tracker, report says
Apple is in the process of developing a new screen-less fitness tracker that would put it into competition with Whoop…
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Y Combinator insurance tech alum Angle Health hits $2.7B valuation
These days, it’s rare to hear of a startup founded in 2019, or one not focused on AI agents, raising…
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US military says it has launched weapons into space
The U.S. military has for the first time acknowledged that it deployed space weapons into Earth’s orbit. U.S. Air Force…
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OpenAI buys smartphone camera maker Glass Imaging for $300 million, report says
OpenAI has bought smartphone camera maker Glass Imaging in a deal worth over $300 million, according to a report from…
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AI infrastructure company Cornelis raises $205M to chip away at Nvidia’s dominance
Cornelis, a company creating networking technology to help AI chips communicate more effectively, announced Monday that it has raised $205…
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Kimi-maker Moonshot AI targets $2B in annual revenue
One of China’s most prominent AI labs, Moonshot AI, believes it can turn its popular open-weight model into serious sales…
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