The unglamorous truth about the AI boom is that some of its hardest problems are plumbing. As data centres pack more GPUs into every rack and run them hotter, the fluid that keeps the chips from cooking has started, occasionally, to grow bacteria. That…
For most of its life Rocket Lab has sold the picks and shovels of the space economy: small rockets, satellite buses, components for other people’s missions. It has now decided that selling the tools is not as valuable as owning the mine. The company ag…
Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based com…
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had ru…
Patience has a price, and someone else is paying it. OpenAI may wait until 2027 to go public. The wait is meant to buy a bigger number. OpenAI is weighing a listing as late as 2027, Bloomberg reported. That timeline could see it go public after its riv…
For 20 years, marketing meant one thing: rank on Google. That deal is breaking. A Berlin startup has just doubled its valuation on a bet about what comes next. Peec AI is in talks to raise new funding at a pre-money valuation of $200M, Sifted reported,…
Mirendil, founded by two researchers who left Anthropic after barely a year, has raised $200m at a $1bn valuation. The pitch: sell the self-improving AI that the big labs build for themselves and guard from everyone else. The biggest AI labs share one …
Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconduct…
Firmus Technologies, an Australian AI infrastructure company valued at $5.5 billion, will build its first data centre in Indonesia through an eight-year partnership with Nvidia. The 360-megawatt Nvidia DSX AI Factory campus in Batam, an island just off…
Micron Technology briefly surpassed Meta and Tesla in market valuation on Thursday, closing the week at roughly $1.27 trillion. The stock has soared over 236% in the past month alone, reaching $1,132 a share. Before mid-2025, it spent years below $100….