SpaceX just joined the Nasdaq 100. On the same day, one Wall Street analyst put a $10.5 trillion price tag on it. A famed investor put the odds of a crash at 90 per cent. SpaceX has plenty of admirers on Wall Street. None goes further than Raymond James analyst Brian Gesuale. He opened coverage […]
Geothermal used to mean shallow wells and modest heat. Quaise wants to drill kilometres down and blast the rock with microwaves, and it just raised $134 million to try. Quaise Energy has raised $134 million to drill for superhot rock deep underground, Bloomberg reports. Prelude Ventures led the first close of the Series B, the […]
Most AI legal startups sell software to law firms. Norm Ai built its own firm instead, and investors just valued the bet at $1.2 billion. Norm Ai has raised $120 million in a Series C round that values the New York startup at $1.2 billion, Bloomberg first reported. Khosla Ventures, an early backer of OpenAI, […]
A lidar maker the Pentagon brands a Chinese military company quietly wires up America’s robotaxis, trucks, and even an airport. Nvidia is one of its partners. Hesai makes many of the sensors self-driving machines use to see. The Shanghai firm also sits on a US Department of Defense blacklist of Chinese military companies, CNBC reports. […]
Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced. Arc runs a financial platform for technology and growth companies, bundling cash management, debt financing, […]
AI agents can write code and answer questions, but they still fall apart on long, messy jobs. A Mountain View startup just raised $40M to build the training grounds that fix that. Bespoke Labs, which builds the environments that train and test AI agents, has raised $40 million, the company announced. The total spans a […]
Texas can now make Apple and Google check how old you are before you download an app. The Supreme Court just let the rule stand. The US Supreme Court has refused to block a Texas law aimed at app stores, the Associated Press reports. The rule forces Apple and Google to verify users’ ages and […]
A federal defender is reportedly pointing a private, offensive-grade AI model at the government’s own software, though almost nothing about the work is on the record. The US Cybersecurity and Infrastructure Security Agency is using Anthropic’s AI model Mythos to hunt for bugs in government software, according to three people familiar with the matter who […]
Utah has quietly become the first US state to let an AI chatbot renew prescriptions without a doctor, according to the Associated Press. The programme, run by a company called Doctronic, launched in January and has set off a fierce medical debate. Residents can skip the doctor’s office and refill prescriptions online through the chatbot. It […]
SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m. The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes […]
