Crusoe (AI Infrastructure & Foundational Models): $1.4B

Uniphore (AI Infrastructure & Foundational Models): $260M

Fal.ai (AI Infrastructure & Foundational Models): $250M

Sesame (Specialised AI Niches): $250M

AI Infrastructure & Foundational Models: ~$1.94B

Robotics & Physical AI: ~$524M

Healthcare & Life Sciences AI: ~$361M

1001 AI, a company developing an AI-native operating system for decision-making in critical industries such as aviation and logistics in the MENA region, has secured a $9 million seed round. The funding was led by CIV, General Catalyst, and Lux Capital, with participation from angels including Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), Khalid Bin Bader Al Saud (RAED Ventures), and Hisham Al-Falih (Lean Technologies). The capital will be used to accelerate early deployments and fuel recruitment. TechCrunch

Fal.ai, a startup hosting multimodal AI models (image, video, audio) for developers, has closed an approximately $250 million round valuing the company at over $4 billion. Major investors in the round include Kleiner Perkins and Sequoia. The funding follows a $125 million Series C three months prior and will support the company's growth as an infrastructure layer for media-centric AI applications. TechCrunch

Uniphore, a business AI company, announced the close of its $260 million Series F round at a $2.5 billion valuation. NVIDIA, AMD, Snowflake, and Databricks invested in the round, joined by financial and sovereign investors including NEA, March Capital, BNF Capital, National Grid Partners, and Prosperity7 Ventures. The capital will accelerate innovation on its Business AI Cloud platform. Business Wire

MythWorx, a Dallas-based startup developing a next-generation AI/AGI architecture with a focus on reasoning capabilities, has closed a $5 million seed funding round at a $100 million valuation. The round was led by Eagle Venture Fund IV, Eagle Freedom Fund I, and Eagle Freedom Fund II, with participation from other angel investors. The company will use the funds to hire key roles and accelerate its go-to-market strategy. FinSMEs

Crusoe, a data center startup and infrastructure provider for OpenAI, has raised $1.4 billion in an equity round, more than tripling its valuation to over $10 billion. Mubadala Capital and Valor Equity Partners led the oversubscribed round. Crusoe's other investors include Nvidia, Founders Fund, Fidelity, and Franklin Templeton. The funding will be used to meet the booming demand for AI data centers. Financial Times

Gimlet Labs, an applied AI research company, emerged from stealth and announced a $12 million Seed round led by Factory. Angel investors include Jon Feiber (Stanford Adjunct Professor), Dylan Field (CEO of Figma), Amarjit Gill (Entrepreneur), Akshay Kothari (COO at Notion), Nick McKeown (Stanford Professor), Raghu Raghuram (former CEO of VMware), and Lip-Bu Tan (CEO of Intel). The company's platform decouples agentic AI workloads from underlying hardware to improve efficiency and unlock new compute capacity. GlobeNewswire

Tensormesh launched out of stealth with $4.5 million in Seed funding to commercialize its AI inference optimization technology. The investment was led by Laude Ventures, with additional angel funding from database pioneer Michael Franklin. The company's platform reduces inference costs by preserving and redeploying the key-value (KV) cache, squeezing more performance from existing GPUs. TechCrunch

LangChain, the San Francisco-based startup providing an open-source framework for building applications with large language models, announced a $125 million Series B funding round at a $1.25 billion valuation. The round was led by IVP, with participation from existing investors Sequoia and Benchmark, and new backers CapitalG, Sapphire Ventures, ServiceNow Ventures, Workday Ventures, Cisco Investments, Datadog, Databricks, and Frontline. The company aims to establish its tools as the default building blocks for the AI agent era. Fortune

Keycard, a startup building agent security software to verify AI agents and their credentials, has launched with $38 million in combined funding. The $8 million seed round was led by a16z and boldstart ventures, and the $30 million Series A was led by Acrew Capital. The funding will be used to ship its software beyond test customers and establish a hub in San Francisco. Upstarts Media

Estuary, a right-time data platform designed to solve AI data bottlenecks for enterprises, raised $17 million in Series A funding. The round was led by M13, with participation from Firstmark and Operator Partners. The investment will accelerate the company's mission to unify batch and streaming data pipelines for AI and analytics workloads. CISION PR Newswire

Bronto, a Dublin-based AI-native log data platform, raised €12 million in Seed funding to reinvent logging infrastructure for the AI era. The round was led by Cercano Management, alongside Heavybit and Conviction Capital. The funds will be used to build a GTM function and expand its engineering team. EU-Startups

Anchor Browser, a Tel Aviv-based startup, emerged from stealth with a $6 million Seed round led by Blumberg Capital and Gradient Ventures, Google's AI-focused fund. Colin Evans, Head of VC and Startup Partnerships at OpenAI, also participated. The company builds infrastructure that allows AI agents to perform web tasks without relying on APIs. Ctech

Riff, an Oslo-based platform for building and launching AI applications, secured $16 million in a Series A round, bringing its total funding to $21 million. The round was led by Northzone, with participation from existing investors Skyfall Ventures, Maki.vc, Sondo Capital, Global Founders Capital, and new investor Illusian. Riff helps practitioners create and deploy AI apps and agents with production-grade infrastructure. Tech.eu

HiveWatch, an El Segundo-based provider of AI-powered physical security software, closed a $33 million Series B round. The financing was led by Anthos Capital, with participation from Harmonic Growth Partners, Across Capital, and existing investors. The raise brings the company's total financing to over $65 million. Los Angeles Times

Defakto, a security company focused on non-human identity management for AI agents and automated systems, raised a $30.75 million Series B round. The round was led by XYZ Venture Capital, with continued participation from The General Partnership, Bloomberg Beta, and WndrCo, and new investments from Michael Coates (former CISO of Twitter), Adverb Ventures, and J.P. Morgan. The funds will be used to accelerate product development and expand go-to-market efforts. citybiz

nexos.ai, a Vilnius-based company helping enterprises adopt AI securely, has raised €30 million in a Series A round. The financing was co-led by Evantic Capital and existing investor Index Ventures, with participation from Creandum, Dig Ventures, and angel backers. The funding will be used to scale its platform, which is designed to address "Shadow AI" risks and unify AI governance. Tech.eu

Cercli, a Dubai-based startup building an AI-native HR and finance platform for the MENA region, announced an oversubscribed $12 million Series A round. The round was led by Picus Capital, with participation from Knollwood Investment Advisory as well as existing investors Y Combinator, Afore Capital, and COTU Ventures. The investment will help the company build new AI products and gain market share. TechCrunch

Magic, a company building an AI platform for personalized hospitality experiences, announced $10 million in seed funding. The round was led by Lerer Hippeau, with participation from Bling Capital, Floodgate, and industry strategics Major Food Group and VCR Group (Gary Vaynerchuk and David Rodolitz's hospitality group). The funding will be used to expand the team and build new products across hospitality and other real-world service verticals. PR Newswire

Dialogue AI, a Los Angeles-based market research platform using live conversational AI, raised $6 million in seed funding. Lightspeed Venture Partners led the round and was joined by Seven Stars, Uncommon Projects, and others. Fortune

UnifyApps, a company building an "Enterprise Operating System for AI," announced a $50 million Series B round. The round was led by WestBridge Capital with participation from ICONIQ and others, bringing the company's total funding to $81 million. The capital will support go-to-market expansion as the company helps enterprises unify data and scale generative AI. Globe Newswire

Findem, an AI talent acquisition and management solution powered by 3D data, announced $51 million in new funding, including a Series C round and growth financing. The Series C was led by SLW, with participation from Wing Ventures, Harmony Capital, and Four Rivers Group, and growth financing from J.P. Morgan. The funds will be used to expand its expert-labeled dataset and accelerate the development of domain-specific talent AI. PR Newswire

Serval, an enterprise AI company using agentic models to automate IT service management, announced a $47 million Series A round. The round was led by Redpoint Ventures, with participation from First Round, General Catalyst, and Box Group. The company provides a two-agent system to safely build and deploy internal automations for IT tasks. TechCrunch 

Sumble, a San Francisco-based sales intelligence startup, emerged from stealth with $38.5 million in funding, consisting of an $8.5 million Seed round and a $30 million Series A. The Seed round was led by Coatue, and the Series A was led by Canaan Partners. AIX Ventures, Square Peg, Bloomberg Beta, Zetta, and angel investors, including Salesforce CEO Marc Benioff and former GitHub CEO Nat Friedman, also participated. Sumble uses AI to provide contextual sales intelligence by analyzing public data from company sites, social media, and regulatory filings. TechCrunch

Bricklayer AI, an Arlington, Va.-based agentic cybersecurity platform, raised $5 million in Seed funding. The round was led by Tech Square Ventures, with participation from returning investors Sovereign's Capital, Dreamit Ventures, and BlueWing Ventures. The company's platform allows Security Operations Centers (SOCs) to build and orchestrate teams of AI agents to automate security analysis and incident response. FinSMEs

Luster, an Indianapolis-based AI-powered sales coaching platform, raised $3 million in Seed funding. The round was co-led by High Alpha and Ivy Ventures. Luster's "Predictive Enablement" platform proactively identifies skill gaps in customer-facing teams and delivers prescriptive coaching to prevent mistakes before they impact revenue. ACCESS Newswire

Casium, a Seattle-based AI-powered immigration and mobility solution for enterprises, announced a $5 million seed funding round. The round was led by Maverick Ventures and included participation from the AI2 Incubator, GTMfund, SuccessVenturePartners, and angel investor Jake Heller(co-founder of Casetext). The funding will accelerate Casium′s mission to transform immigration into a proactive workforce planning tool. BusinessWire

Anrok Inc., a startup with an AI-powered platform to automate sales tax compliance for software companies, raised $55 million in a Series C round, valuing it at $525 million. Spark Capital led the round, with participation from Sapphire Ventures, Khosla Ventures, Sequoia Capital, and Index Ventures. Anrok serves many AI startups, including Anthropic and Mistral. Bloomberg

Syntracts, a pioneering on-prem contract AI platform, raised a $5.3 million seed round. The round was led by Hyperplane, with other investors including Khosla Ventures, Myriad Venture Partners, Harvest Capital, Fortitude Ventures, and Point72 Ventures. The company provides a secure infrastructure layer to help law firms structure and query data from their own contracts. Artificial Lawyer

Atrium, an Atlanta-based credit intelligence company, raised $4 million in Seed funding from Castle Island Ventures and EJF Ventures. The company launched its AI-enabled SaaS platform to help investors and analysts analyze bank balance sheets and identify credit risks by monitoring U.S. county mortgage filings, court dockets, and property data. PRNewswire

OpenEvidence, an AI startup described as a "ChatGPT for doctors," raised $200 million at a $6 billion valuation. The round was led by Google Ventures, with participation from Sequoia Capital, Kleiner Perkins, Blackstone, Thrive Capital, Coatue Management, BOND, and Craft. The company will use the funds for additional computing and AI training resources. The New York Times

Chemify, a Glasgow-based spin-out building a digital and automated chemistry platform for on-demand molecule design, has secured over $50 million in a Series B funding round. The round was co-led by Wing Venture Capital and Insight Partners, with further participation from 8VC and existing backers Eoz, Blueyard, Triatomic Capital, and Rockspring. The funding will enable global expansion, including a new hub in the US. Digit.fyi

Hyro, a company developing specialized AI agents to automate patient-facing communication in healthcare, raised $45 million in a new funding round. The round was led by Healthier Capital, with participation from Norwest, Define Ventures, and new strategic investors Bon Secours Mercy Health and ServiceNow Ventures. The investment will be used to expand across new specialties in the U.S. healthcare ecosystem. Ctech

Sage Care, a Palo Alto-based healthcare navigation management platform, raised $20 million in funding. The round was led by Yosemite with participation from General Catalyst, Metrodora (Chelsea Clinton), OVTR.VC, SV Angel, Liquid 2, Seven Stars, Refract Ventures, AME Cloud Ventures, and Apollo Ono. The company will use the funds to expand operations. FinSMEs

Fourier Health, a Miami-based startup using a "domain-specific AI" to synthesize disjointed patient data for clinicians, raised an $8.4 million seed round. The round was led by Yosemite, with participation from Innospark Ventures, NextGen Venture Partners, and Tau Ventures. The funding follows a pre-seed round from Lasagna, Myelin, and Despierta. Refresh Miami

Valthos Inc., a New York-based biosecurity startup, emerged from stealth with $30 million in funding to build tools to defend against AI-enabled bioweapon attacks. The round included funding from OpenAI, Founders Fund, and Lux Capital. Valthos uses AI to identify emerging biological threats from air and wastewater data and to help design medical countermeasures. Bloomberg

VitVio, a Boston-based AI platform for surgical teams, closed an $8 million Seed funding round, bringing its total funding to $10 million. The round was led by returning investor Bek Ventures (fka Earlybird Digital East) with participation from early backers LDV Capital and Tiny Supercomputer Investment Company, and new investors Balnord, Thornapple River Capital, Joe Mullings, and Mati Staniszewski. The platform uses computer vision and AI agents to autonomously coordinate operating room staff, automate administrative tasks, and reduce delays. FinSMEs

Finster AI, an AI-native platform for investment banks and asset managers, has raised a total of $15 million across its Series A and Seed funding rounds. The Series A was led by FinTech Collective, and the Seed round was led by Peak XV, with continued participation from Hoxton Ventures. The capital will fuel expansion in New York and accelerate hiring. Fintech Global

Streetbeat, an AI-powered intelligence platform for financial professionals and retail investors, announced $15 million in Series A funding. The round was led by CDP Venture Capital through its AI Fund and joined by TTV Capital, P101, Monte Carlo Capital, 3Lines VC, Azimut, and Evolution VC, bringing the company's total funding to $25 million. Finextra

Natural, a fintech building infrastructure for agentic payments, launched with a $9.8 million Seed round. The round was co-led by Abstract and Human Capital, with support from Forerunner Ventures, Terrain, Restive Ventures, Genius Ventures, and a group of tech founders, including the CEOs of Ramp, Vercel, and Mercury. The company enables AI agents to autonomously and securely execute financial transactions. Business Wire

Piere, a New York-based financial automation startup, raised $2.1 million in pre-seed funding for its AI-powered "self-driving money" platform. The round was led by Grand Ventures, with participation from Selah Ventures, Trustage Ventures, Samvid Ventures, Fabric VC, and angel investors Aditya Khurjekar, Nick Calamari, and Joe Lieberman. Piere's platform automatically manages and executes users' financial decisions to optimize savings and investments. Tech Funding News

Paygentic, a billing and payments platform for AI-native firms, completed a $2 million pre-seed round. The round was led by MiddleGame Ventures, with participation from Anamcara Capital, Aperture, Alan Morgan (Chairman at Adfisco), Angel Invest, and others. Paygentic's platform is designed for companies with variable compute costs, enabling hybrid pricing models beyond fixed monthly SaaS fees. Tech.eu

Acoru, a Madrid-based startup that stops AI-enabled fraud and money laundering, raised a €10 million Series A round. The round was led by 33N Ventures with participation from existing investors Adara Ventures and Athos Capital. The company's platform helps banks predict and prevent AI-powered scams before a transaction occurs. EU-Startups

AdsGency, a San Francisco-based startup building an agentic AI operating system for advertisers, raised a $12 million seed investment round. The round was led by XYZ Venture Capital, with Streamlined Ventures, HFO, and Hat-Trick Capital also participating. The platform uses AI to automate ad campaigns across Meta, Google, TikTok, and other channels. Business Insider Africa

Moonshot AI, a startup building AI-driven websites that evolve and self-optimize for e-commerce, raised $10 million in seed funding. The round was led by Mighty Capital, with participation from Oceans Ventures, Uncorrelated, Garuda Ventures, and Almaz Capital. The funding will be used to expand its no-code platform. Ctech

Wolf Games, a gaming company backed by producer Dick Wolf, raised $9 million in a funding round led by Main Street Advisors. The round included participation from executives Maverick Carter and Tom Werner, artist Rashid Johnson, and returning investors Dick Wolf, Jimmy Iovine, and Paul Wachter. The company uses AI and a proprietary game engine to build narrative games based on IP like Law & Order and has partnered with NBCUniversal to explore expanding its properties. Deadline

Wonder Studios, an AI creative studio, has raised $12 million in Seed funding to expand its content production. The round was led by Atomico, with participation from existing investors LocalGlobe and Blackbird. The company's pre-seed investors included executives from OpenAI and Google DeepMind, as well as Adobe Ventures. The funds will be used to grow its engineering team and accelerate its push into original IP ownership. The Wall Street Journal

Coolant, a spatial AI startup that uses drones and computer vision to create 3D models of land for climate applications, raised $4.3 million in a funding round. The round was led by General Catalyst and Floodgate. The technology helps landowners and farmers measure metrics like carbon sequestration and tree count. Axios 

Sesame, a conversational AI startup and smart glasses maker from the co-founders of Oculus, raised a $250 million Series B round. Investors include Sequoia, Spark, and other undisclosed backers. The company is developing a personal AI agent embedded in lightweight eyewear that interacts with users through a natural-sounding voice. TechCrunch

Leju Robotics, a Chinese humanoid robot maker, raised more than $200 million in fresh funding ahead of a planned IPO. Participants in the round included Citic Goldstone and state-backed Shenzhen Investment Holdings Co. The funds will be used to develop new robots and scale production. Bloomberg

Seneca, a resilience technology company building an autonomous fire suppression system with AI-powered drones, announced its public launch with a $60 million financing round. The round was led by Caffeinated Capital and Convective Capital, with participation from First Round Capital, Transition VC, Advance Venture Partners, Nextview Ventures, Bullpen Capital, Stepstone Group, DCVC, Offline Ventures, Roar Capital, and Slow Ventures. Fire and Safety Journal Americas

Chipmind, a Zurich-based company developing AI agents to automate semiconductor chip design and verification, has raised $2.5 million in a pre-seed round. The round was led by Founderful, with participation from angel investors in the semiconductor industry. The funding will be used to grow the engineering team and accelerate product development. Tech.eu

ChipAgents.ai, a Santa Barbara-based company with an agentic AI platform for semiconductor design and verification, raised $21 million in early funding. The Series A round was led by Bessemer Venture Partners, with strategic backing from Micron Technology Inc., MediaTek Inc., and Ericsson. Existing investors ScOp Venture Capital and Amino Capital also participated. SiliconANGLE

SenseNet, a wildfire detection startup, raised $14 million in a Series A round, bringing its total funding to over $15 million. The round was led by Stormbreaker, with Thin Line Capital, Fusion Fund, Plaza Ventures, FOLD36 Capital, and B Current Impact Investment joining. SenseNet uses a network of gas sensors, AI cameras, and satellites to spot wildfires before they are visible, aiming to reduce detection and response times. The AI Journal

Acelab, a company building an AI-powered platform for the construction materials market, raised $13.5 million in Series A funding, bringing its total funding to over $25 million. The round was led by Navitas Capital, with participation from JLL Spark, DivcoWest, notable architects, and returning investors Pillar VC, Draper Associates, PJC, Ken Lang, Klingenstein Fields, and Transcend Partners. Its "Material Hub" modernizes how architects research and select building materials. Acelab

Mondra, a London-based AI platform for food supply chain intelligence, raised £10 million in a Series A funding round. Investors include AlbionVC, Planet A, Swisscom, PeakBridge, Ponderosa Ventures, and Green Circle Foodtech Ventures. Mondra uses digital twin technology to help food companies track carbon emissions, climate risks, and price volatility from farm to fork. Tech.eu

Pavewise, a software platform for road construction projects, announced a $2.5 million Seed investment round. The round was led by C2 Ventures, with participation from Connectic, Service Provider Capital, Geoff Judge, Tom Stemm, and existing investors M25, gener8tor 1889, and Broadwater Capital. The company integrates analytics and automation to give contractors real-time visibility and control over projects. GlobeNewswire

Rightcharge, a London-based platform for managing electric vehicle charging payments for fleets, secured €1.8 million (£1.6 million) in a Seed funding round. The round was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital, and Purple Ventures. The company uses AI-driven validation to detect anomalies and automate home charging reimbursements for fleet drivers. EU-Startups

Anduril Industries, a defense technology company, acquired American Infrared Solutions (AIRS), a U.S.-based designer and manufacturer of high-performance cooled infrared cameras and components. The acquisition will integrate AIRS’s hardware into Anduril’s portfolio of sensing systems and allow Anduril to become a merchant supplier of the components. Terms of the transaction were not disclosed. Anduril

Veeam, a data resilience company, has signed a definitive agreement to acquire Securiti AI, a data security and command center provider, for $1.725 billion in a mix of cash and stock. Securiti had previously raised over $156 million from investors, including Mayfield, General Catalyst, and Cisco Investments. The deal aims to enhance Veeam's data protection offerings for the AI era. TechCrunch

Machinify, a healthcare intelligence company and portfolio company of New Mountain Capital, has agreed to acquire Performant Healthcare, Inc., a provider of technology-enabled payment integrity services, for approximately $670 million. The acquisition will combine Machinify's Payer Operating System with Performant's domain expertise and data assets. Business Wire

OpenAI acquired Software Applications, Inc., the startup behind "Sky," an unreleased AI-powered natural language interface for Mac computers. The company was founded by former Apple employees who worked on the Shortcuts app. As part of the deal, OpenAI will integrate Sky's technology into ChatGPT and bring on its entire team. Software Applications had previously raised $6.5 million from investors, including OpenAI CEO Sam Altman and Figma CEO Dylan Field. TechCrunch

Synthesia, a London-based AI video generation unicorn, rejected a $3 billion takeover proposal from Adobe. The company, known for its hyper-realistic AI avatars, chose to remain independent and is reportedly planning a new funding round at a similar valuation. Talks were also held with Meta earlier in the year, but did not progress. The Times

NFX, a venture capital firm that invests in early-stage companies, announced it has raised a fourth fund totaling $325 million. The fund, which invests 40% of its capital in Israeli startups, will focus on seed and pre-seed rounds in areas including AI infrastructure, cybersecurity, DevOps, and consumer AI. Globes

Andreessen Horowitz is aiming to raise approximately $10 billion for new investments, with a significant portion targeting AI. The firm is seeking $3 billion specifically for AI deals—split between a $1.5 billion AI applications fund and a $1.5 billion AI infrastructure fund—as it looks to back the next wave of AI and defense tech startups. The fundraising reflects the rapid pace of investment in capital-intensive AI companies, which has caused VCs to exhaust previous funds faster than expected. Financial Times

Anthropic is in discussions with Google for a cloud computing deal valued in the high tens of billions of dollars. The plan would provide Anthropic with significant additional computing power to keep pace in the AI development race. Google is an existing investor and cloud provider for Anthropic. Bloomberg

OpenAI announced the launch of its AI-powered browser, ChatGPT Atlas. The browser, which will roll out first on macOS, integrates ChatGPT at its core, allowing users to interact with search results and automate web-based tasks. The move positions OpenAI to compete more directly with Google in online information discovery. TechCrunch

Amazon has a far-reaching plan to automate 75% of its warehouse operations, according to internal documents. The strategy aims to replace more than half a million jobs with robots over the next decade, with plans to avoid hiring over 600,000 workers by 2033 by deploying advanced robotics in its fulfillment centers. The New York Times

Flagship Pioneering has unveiled Expedition Medicines, a new company pioneering generative covalent chemistry for drug discovery, with an initial commitment of $50 million. After three years of internal development, Expedition is building a generative AI platform to create small molecule medicines for previously "undruggable" protein targets. The company has also initiated a multi-target exploration agreement with Pfizer in prostate cancer. Flagship Pioneering

Meta laid off roughly 600 employees from its AI unit as part of a strategic restructuring to trim what was considered a "bloated" department. The cuts are seen as a move to streamline the division under Chief AI Officer Alexandr Wang and solidify his role in steering the company's AI strategy. The layoffs did not impact the new top-tier talent hired over the summer for the company's Superintelligence Labs, signaling CEO Mark Zuckerberg's focus on new hires to drive future AI progress. CNBC

AI-Generated Content on the Internet: A report from SEO firm Graphite found that as of May 2025, 52% of new English-language articles published on the internet are AI-generated. The data shows a massive spike after the launch of ChatGPT in late 2022, followed by a plateau in 2024-2025. Despite the high volume of AI content, the firm also found that 86% of articles appearing in Google Search results were human-written, suggesting search engines are still prioritizing human-generated content. Futurism

AI Startup Investment Bubble: Ten leading AI startups, including OpenAI, Anthropic, xAI, Perplexity, and Figure AI, have collectively gained nearly $1 trillion in valuation over the past 12 months amid an investor frenzy. U.S. venture capitalists are on track to spend over $200 billion on AI companies in 2023, representing two-thirds of their total spend, according to PitchBook data. The surge has led to concerns of an inflating bubble, with some early-stage companies commanding valuations over 100 times their annual recurring revenue. Financial Times

AI Hype in Energy Stocks: A wave of speculative, non-revenue-generating energy companies has seen valuations soar to a collective $45 billion, driven by the AI boom's anticipated demand for power. OpenAI CEO Sam Altman-backed nuclear startup Oklo has a market cap of roughly $26 billion despite having no revenue, while data center power provider Fermi was valued at over $17 billion. The trend highlights a potential bubble in concept stocks tied to the AI infrastructure race. The Wall Street Journal

CoreWeave announced it will not increase its $9 billion offer for data center provider Core Scientific, despite opposition from some major shareholders and a recommendation from proxy adviser Institutional Shareholder Services to reject the deal. CoreWeave’s CEO stated the company is "very comfortable" with its offer and will let it go to a shareholder vote without changing the price. Bloomberg

Sam Altman has hired biomolecular engineer Mikhail Shapiro for his new brain-computer interface (BCI) startup, Merge Labs. Shapiro will be part of the founding team of the venture, which aims to develop a less invasive BCI using ultrasound and is expected to raise hundreds of millions of dollars from OpenAI and other investors. The Verge

Wayve, the London-based self-driving car startup, is reportedly in talks with Microsoft and SoftBank to raise up to $2 billion in new funding at a potential valuation of $8 billion. The discussions follow a recent announcement that Nvidia plans to make a $500 million strategic investment in the company, signaling massive investor appetite for Wayve's AI-driven approach to autonomous mobility. Financial Times

Anthropic is projecting significant revenue growth, aiming to nearly triple its annualized revenue run rate in 2026. The company is on track to meet an internal goal of a $9 billion annual revenue run rate by the end of 2025 and is targeting a base case of $20 billion and a best case of $26 billion in 2026. This growth is fueled by the rapid adoption of its enterprise products, with over 300,000 business customers accounting for 80% of its revenue. Reuters

Salesforce has pitched its AI capabilities to U.S. Immigration and Customs Enforcement (ICE) to help the agency nearly triple its workforce by hiring 10,000 new agents. Internal documents show the company responded to an ICE request for information with a proposal on using AI for "talent acquisition." The move comes amid CEO Marc Benioff's recent expression of support for deploying National Guard troops in San Francisco, sparking criticism from local leaders. The New York Times