China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks

What started in mid-April as a $300m raise at a $10bn valuation, with Alibaba and Tencent talking, is now an FT-reported deal at $45bn led by the China Integrated Circuit Industry Investment Fund. The strategic logic has changed substantially. There is, in venture-capital pricing, a particular kind of ascent that does not normally happen to […]

Tuesday’s New York event added Claude Opus 4.7, a library of ~10 pre-built finance agents, an FIS-built AML investigator going live at BMO and Amalgamated Bank, and a Moody’s native app covering 600 million companies. The day after the $1.5bn Wall Street joint venture, the product side caught up. On Monday, Anthropic announced a $1.5bn […]

The Mythos crisis forced the United States government to confront a question it had been avoiding: what happens when an AI model is powerful enough to threaten national security and the government has no formal mechanism to evaluate it before the public gets access? On Tuesday, the Commerce Department announced that Google, Microsoft, and xAI […]

ServiceNow has, in 2026, become one of the more carefully watched test cases for whether enterprise software companies can ride the AI wave or be displaced by it. On Monday, the company gave investors its strongest answer yet. Bloomberg reported that ServiceNow projected $30bn in subscription revenue by 2030, with chief financial officer Gina Mastantuono […]

The financing scaffolding around AI infrastructure keeps growing. Bloomberg reported on Sunday that Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a financing package of roughly $13bn for a single data centre in El Paso, Texas. If completed at the size discussed, it would be one of the largest single-site digital-infrastructure financings […]