The AI chip trade cracked this week, and the hunt for what replaces it has begun
Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple
IQM becomes the first European quantum company to list on a major US exchange
Crusoe reportedly in talks to raise $3 billion, tripling its valuation
Quantum Systems raises $1.2bn and doubles its valuation to $8bn as defence money floods in
Kling AI raises two billion dollars as Kuaishou spins off its fastest-growing business
Alva Industries raises €16M to scale its ultra-compact electric motors
Novo Nordisk’s owner backs an Italian fund to grow drug startups beyond Denmark
Raja Koduri’s Oxmiq raises $35m to rent out AI chip design instead of selling chips
SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders
London’s MDOTM raises $27M to put AI inside wealth managers
Queue raises $12.6M for a pharmacy that runs without a pharmacist
Ottawa’s Dominion Dynamics raises CA$139M, a record for Canadian defence
Aikido buys Root to patch open source with AI.
AI video startup Higgsfield is in talks to raise at a $5bn valuation
Cross-border payroll runs on $200B and zero shared infrastructure
Schneider Electric buys industrial-AI firm Cognite for $3.1bn
Jon and Mindy Gray bet $55M on AI to catch cancer before it starts
India’s Equirus weighs a fundraising round of up to $60m
China’s Nexchip seeks up to $890m in Hong Kong share sale
Google’s GV bets $30M on a stock exchange for space
Straiker raises $64M to secure the AI agents running your company
Arena, the AI leaderboard everyone uses, just became a 100 million dollar business
Omen AI raises $31m to watch the water inside AI data centres
OpenAI may delay its IPO to 2027 to hold out for $1tn
Peec AI doubles its valuation betting GEO is the new SEO
Ex-Anthropic researchers raise $200M for self-improving AI
Baidu’s chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors
Nvidia-backed Firmus will build a 360MW AI data centre in Indonesia and expects $30 billion in offtake deals
Micron briefly surpassed Meta and Tesla in market value. Its stock is up 236% in a month.
The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis
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