Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing money from public bond investors. On Monday the rocket […]
The Trump Mobile T1 is here, and it is not what was promised. When Donald Trump’s eldest sons unveiled it at Trump Tower a year ago, the pitch was a gold-coloured handset with an iPhone resemblance, proudly made in the US. What shipped is a rebranded HTC U24 Pro, a Taiwanese midrange phone from mid-2024, […]
Half of American adults now use AI chatbots, but a plurality believe the technology will ultimately damage society, and overwhelming majorities have lost confidence that either the government or the companies building it will manage it responsibly. A new Pew Research Center report released Wednesday, based on a survey of 5,119 US adults conducted in […]
The problem with letting an AI agent loose inside a company is not that it might forget who it is. It is that it has no reason to hold back. A human employee is restrained by the fear of being fired. An agent, as one investor in Arcade.dev put it, “will exhaustively exploit every permission […]
The race to power artificial intelligence has a problem that solar panels and wind turbines cannot fix on their own: the electricity has to be there at 3am, in still air, under cloud. Critical Energy, a Los Angeles startup founded by a former SpaceX engineer, has raised $22mn to chase that always-on demand with geothermal, […]
The word “agent” is everywhere in enterprise software right now, which is exactly why Convey does not want to use it. The startup has raised a $38mn Series A led by Andreessen Horowitz, with Khosla Ventures and Pear VC joining. Its pitch is a deliberate rebrand: not AI agents that complete tasks, but AI “teammates” […]
Neuralink has dominated the brain-chip story for two years. It now has a serious challenger with a patient of its own. Paradromics, an Austin neurotech firm, has implanted its Connexus brain-computer interface in the first participant of its FDA-approved clinical study, the company said. The patient, a Michigan woman who has lost the ability to […]
Most cybersecurity startups sell shields. Twenty sells the sword, and investors just valued that at $1bn. The company, which describes itself as America’s first venture-backed cyber warfare firm, has raised a $100mn Series B led by Accel, Axios reported. The round, with Point72 Ventures, Caffeinated Capital and Friends & Family Capital also taking part, brings […]
Odyssey, an AI lab building real-time ‘world models’, has raised $310mn at a $1.45bn valuation. The more telling number is whose names are on the round. The Series B was led by Natural Capital, with Amazon, AMD Ventures, Google’s GV, EQT and the CIA-linked fund In-Q-Tel taking part. As part of the deal, AWS becomes […]
Microsoft is considering putting a Chinese AI model inside its enterprise Copilot, and the reason is money. The company told Axios it is exploring a self-hosted, fine-tuned version of DeepSeek V4, or another open-source model, as a cheaper option to power Copilot Cowork, the agentic assistant in its Microsoft 365 suite. It expects to offer […]
