In short: X-Energy raised $1.02 billion in the largest nuclear IPO on record, pricing at $23 (21% above range) on the Nasdaq, with shares surging 31% on opening to imply a $12 billion market cap. The offering was 15x oversubscribed. The same company failed to close a $1 billion SPAC in 2023. The difference is […]
In short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximately $36 billion after Intel’s stock surged 20%+ on a massive Q1 earnings beat. The $26.5 billion unrealised gain is one of the most […]
Summary: Google is investing up to $40 billion in Anthropic ($10B cash now at $350B valuation, $30B conditional on performance targets) plus five gigawatts of compute over five years, bringing its total commitment to ~$43B. The deal arrives as Anthropic’s revenue hit $30B ARR (up from $1B in January 2025) and its secondary market valuation […]
Erdŏgan has 15 days to sign the bill into law. The legislation enters into force six months after publication in the Official Gazette. The main opposition CHP criticised it as a political censorship tool rather than child protection. Turkey has previously blocked Instagram, Roblox, and restricted platforms during the İmamoglu protests. Turkey’s Grand National Assembly […]
Q1 revenue of $13.6 billion beat the $12.4 billion consensus by 9.4%. Data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP EPS of $0.29 beat the 1-cent consensus by a factor of 29. The stock is up more than 80% this year. Intel is working with Elon Musk on his planned Terafab chip […]
Two parallel moves in 24 hours mark a significant escalation of the US-China AI war from chips and exports into capital and models. China plans to restrict its leading technology companies, including top AI startups, from accepting US capital without first obtaining government approval, Bloomberg News reported on Friday, citing people familiar with the matter. […]
X-Energy sold 44.3 million Class A shares at $23 each, above the $16–$19 marketed range, and began trading on Nasdaq under the ticker XE on 24 April. The company has $1.8 billion in prior private capital, a $500 million Amazon-led Series C-1, and a binding commitment from Amazon to buy up to 5 gigawatts of […]
Cohere’s shareholders will receive approximately 90% of the combined entity; Aleph Alpha’s shareholders approximately 10%, making this effectively a Cohere acquisition in merger framing. The German government is set to become an anchor customer. Both digital ministers attended the Berlin announcement. Cohere, the Toronto-based enterprise AI company, and Aleph Alpha, the Heidelberg-based German AI startup, […]
The Hangzhou startup released preview versions of both models on Hugging Face on Friday. V4-Pro claims top performance on coding and maths among open models, trails only Gemini 3.1-Pro for world knowledge, and falls “marginally short” of GPT-5.4 and Gemini 3.1-Pro, a gap DeepSeek says is “approximately 3 to 6 months.” Both models are open-source. […]
The Helsinki-based company, formerly DataCrunch, is backed by Lifeline Ventures, byFounders, Tesi, Varma, and a group of Nordic lenders. It is already cash-flow positive, holds Nvidia Preferred Partner status, and plans to hire more than 100 people this year. Verda, the Helsinki-based AI cloud infrastructure company formerly known as DataCrunch, has raised $117 million in […]
