Cracks emerge in the AI spending boom as debt and cash burn mount
Rising debt loads, negative cash flow and investor skepticism are raising questions about the sustainability of AI infrastructure spending.
TechCrunch · +7 outlets
OpenAI-backed Thrive Holdings acquires ADT in $15.3B deal to bring AI to home security
The large deal pairs an OpenAI-backed holding company with a legacy home security provider in a bid to embed AI in physical security services.
TechCrunch · +6 outlets
FuriosaAI raises about $620M at $2.9B valuation, quadrupling its value
The South Korean AI chip startup's raise reflects intensifying competition with Nvidia in AI accelerators.
Tech in Asia · +6 outlets
Cohere raises at over $20B valuation with backing from Canada and Nvidia
Government and chipmaker participation in the round highlights sovereign and strategic support for homegrown AI model developers.
Bloomberg.com · +7 outlets
Salesforce to acquire defense AI logistics startup Rune for reported $375M
The deal adds AI logistics capabilities to Salesforce's Missionforce defense platform, extending the CRM giant's acquisition streak.
TechCrunch · +4 outlets
Kalshi raises $1B at $40B valuation as it expands beyond prediction markets
The prediction market operator's large raise signals investor confidence despite regulatory scrutiny of the sector.
Reuters · +11 outlets
Anthropic's S-1 shows $16.3B first-half revenue
The revenue figure in Anthropic's public filing underscores the scale of enterprise spending on frontier AI models.
Saastr · +14 outlets
Baseten set for $30B valuation with new funding
The reported raise would make the AI model deployment startup one of the most valuable private companies in infrastructure software.
Bloomberg.com · +3 outlets
Anthropic expected to receive high junk credit rating after IPO, FT report says
A sub-investment-grade rating would raise the AI developer's borrowing costs as it funds heavy spending.
TechCrunch · +12 outlets
North Korean hackers blamed for record $6.3B theft in Binance breach
Investigators suspect a compromised employee laptop enabled the largest crypto theft on record.
TechCrunch · +11 outlets
Serval raises $150M Series C at $3B valuation to take on ServiceNow
The Sequoia-led round is the AI service management startup's third raise in 12 months as it targets the IT service market.
Business Wire · +9 outlets
Apple acquires agentic AI engineering startup Ascend.io
Apple's purchase of an agentic AI engineering platform signals continued acqui-hire interest in AI developer tooling.
9to5Mac · +12 outlets
Upwind closes $400M round at $3.8B valuation for AI cybersecurity platform
The large round underscores continued investor demand for cloud security startups positioned around AI workloads.
My Startup World · +14 outlets
Damodaran values Anthropic at $1.47T, flags governance risks ahead of IPO
The valuation estimate comes as Anthropic's S-1 disclosed $16.3B in first-half revenue, drawing debate over its governance structure.
ET Now · +1 outlets
Cyera in talks to raise at $20B valuation
The reported round would sharply raise the data security startup's valuation amid strong investor appetite for AI-adjacent cybersecurity.
CTech · +8 outlets
Fractile raises about £540M in Series C, filings show
The British AI chip startup's large round is among Europe's biggest recent raises, according to company filings.
Sifted · +1 outlets
OPay prices $304M IPO
The African fintech's listing is a notable test of public market appetite for emerging market payments companies.
Law360 · +1 outlets
Waymo taps Toyota to supply robotaxis for Japan and the UK
Testing of Toyota's electric bZ4X with Waymo's self-driving system is set to start in Japan next year.
TechCrunch · +1 outlets