A new institute at Penn’s Basser Center will use artificial intelligence and biomarkers to intercept hereditary cancers at their earliest stages, before they become disease. The idea behind the gift is unusual enough to need its own word. Most cancer philanthropy funds treatment, the long campaign that begins once a tumour has announced itself. Jon […]
The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline. India’s capital markets have been busy enough lately to make the firms that arrange the deals worth investing in themselves. Equirus Capital, a Mumbai-based investment bank, is considering raising as much […]
Nexchip Semiconductor is China’s third-largest pure-play foundry, a sentence that until recently would not have led to a Hong Kong listing. It does now. The Hefei-based, state-backed chipmaker is seeking to raise up to HK$6.98 billion, or roughly $890 million, in a share sale that adds to a sudden rush of Chinese semiconductor companies floating […]
The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn. GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebex also opened a banking relationship with JP Morgan. The company is the […]
AI agents are pouring into companies, and most security tools were never built to watch them. Straiker wants to fix that. The startup has just raised $64mn to police a workforce that does not clock in. The Series A was revealed first by Axios. It takes the Mountain View company’s total funding to $85mn. Marathon […]
Arena, the crowdsourced AI leaderboard that started as a UC Berkeley research project in 2023, has reached 100 million dollars in annualized revenue just eight months after launching its first commercial product. The platform is best known for letting users compare two anonymous AI model responses side by side and vote on which is better. […]
The unglamorous truth about the AI boom is that some of its hardest problems are plumbing. As data centres pack more GPUs into every rack and run them hotter, the fluid that keeps the chips from cooking has started, occasionally, to grow bacteria. That is the problem Omen AI has built a company around, and […]
For most of its life Rocket Lab has sold the picks and shovels of the space economy: small rockets, satellite buses, components for other people’s missions. It has now decided that selling the tools is not as valuable as owning the mine. The company agreed to acquire Iridium Communications for about $8bn, paying $54 per […]
Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based company started taking investor orders this week under stock code 6880. It is […]
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth and never […]
