PsiQuantum breaks ground in Australia on what it says will be the world’s first utility-scale quantum computer
PsiQuantum breaks ground in Australia on what it says will be the world’s first utility-scale quantum computer

PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world’s first utility-scale, fault-tolerant quantum computer. The site will eventually hold tens of thousands of photonic quantu…

The bottleneck in geothermal moved from the drill to the turbine. This SpaceX alum raised $22M to fix it
The bottleneck in geothermal moved from the drill to the turbine. This SpaceX alum raised $22M to fix it

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 en…

Henrique Schmaiske and the human work behind Meteor 3.0
Henrique Schmaiske and the human work behind Meteor 3.0

Meteor.js is one of those open-source projects developers have lived with for years. It has over 44,800 GitHub stars, more than 500,000 active installations worldwide, and still sits inside products across many countries. Behind its largest release in …

The US is paying an AI startup $500M to break China’s grip on chip materials
The US is paying an AI startup $500M to break China’s grip on chip materials

The US government has just become a shareholder in an AI startup, in exchange for a bet that artificial intelligence can break China’s hold on the materials inside every chip factory. The Department of Commerce has awarded SandboxAQ $500mn under the CH…

Neuralink finally has a real rival: Paradromics just put a brain chip in its first patient
Neuralink finally has a real rival: Paradromics just put a brain chip in its first patient

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-approv…

Jeff Bezos is backing a two-year-old Cambridge AI lab at a $2.6bn valuation
Jeff Bezos is backing a two-year-old Cambridge AI lab at a $2.6bn valuation

Jeff Bezos appears to have settled on his AI thesis, and it is not chatbots. It is the physical world. CuspAI, a two-year-old Cambridge startup that uses AI to design new materials, is in talks to raise about $400mn at a $2.6bn valuation, the Financial…

Odyssey took Nvidia’s money. Now it’s raised $310M betting on Amazon and AMD
Odyssey took Nvidia’s money. Now it’s raised $310M betting on Amazon and AMD

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-li…

Helion just got the world’s first licences to run a fusion power plant
Helion just got the world’s first licences to run a fusion power plant

Helion has become the first company in the world licensed to operate a fusion power plant. On 16 June, the Washington-based firm said it had received two licences from the state’s Department of Health, clearing a regulatory bar no fusion company has re…

Genesis AI thinks the humanoid hype is wrong. Its wheeled robot is the counterargument.
Genesis AI thinks the humanoid hype is wrong. Its wheeled robot is the counterargument.

On Tuesday, while the robotics industry continued pouring billions into machines that walk like humans, a startup called Genesis AI unveiled one that deliberately does not. Eno is a wheeled robot with a foldable tower, dexterous hands, and a foundation…

This two-year-old startup already programs Blue Origin’s rockets. It just raised $20M.
This two-year-old startup already programs Blue Origin’s rockets. It just raised $20M.

The hottest pitch in AI right now is not another chatbot. It is software that can run the machines on a factory floor, and a two-year-old Israeli startup has just raised $20m on the strength of programming parts for Jeff Bezos’s rockets. Limitless Labs…