Sentient Foundation launches $42M program to back open-source AGI builders
Sentient Foundation launches $42M program to back open-source AGI builders

For the past several years, the artificial intelligence industry has been moving toward an uncomfortable reality: the most powerful models, infrastructure, and capabilities are increasingly concentrated in the hands of a small number of well-funded com…

A Princeton grad’s $30M AI detector is selling to Superhuman
A Princeton grad’s $30M AI detector is selling to Superhuman

Superhuman, the company that used to be Grammarly, just bought GPTZero, the startup that catches AI writing. The contradiction is the point. As the internet fills with machine-made text, proving something is human is becoming a product. There is a neat…

Hadrian’s reported $7.5bn round and the physical-AI rush
Hadrian’s reported $7.5bn round and the physical-AI rush

Bloomberg says defense-factory startup Hadrian is in talks to raise as much as $1bn at a $7.5bn valuation. Hadrian calls that “inaccurate”. Either way, the rumour shows how hot physical AI and US reindustrialisation have become. Here is a number, and a…

Main Capital raised the Netherlands’ biggest-ever fund on boring software
Main Capital raised the Netherlands’ biggest-ever fund on boring software

While public markets panic that AI will gut enterprise software, a quiet Dutch firm just raised €5.25bn on the opposite bet. Main Capital’s pitch: boring, essential software is exactly where the next decade of value sits. Charly Zwemstra has spent 23 y…

Menlo Ventures raises $3bn on the back of one Anthropic bet
Menlo Ventures raises $3bn on the back of one Anthropic bet

Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The f…

Walmart buys Vibe.co for $1.4bn to chase Amazon in ads
Walmart buys Vibe.co for $1.4bn to chase Amazon in ads

Walmart is paying a reported $1.4bn for a connected-TV ad startup worth $410m nine months ago. The price tells you how far retailers will now go to catch Amazon in advertising. Walmart has agreed to buy Vibe.co, a connected-TV advertising platform. Two…

Zhipu weighs multibillion-dollar raise after 2,000% surge
Zhipu weighs multibillion-dollar raise after 2,000% surge

A 2,000% rally has handed Beijing’s Zhipu a rare fundraising window, and Anthropic’s vanished Fable 5 widened it. The harder question is whether a deeply unprofitable lab can turn the moment into a durable business. Six months ago, Zhipu was a Chinese …

SK Hynix sets a $29 billion US listing that could top every ADR deal ever done
SK Hynix sets a $29 billion US listing that could top every ADR deal ever done

SK Hynix has filed to raise up to 45.45 trillion won, roughly $29bn, through a listing of American depositary receipts on Nasdaq, the South Korean memory maker disclosed in a regulatory filing on Wednesday. The company has tentatively set July 10 for t…

SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year
SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year

SpaceX has drawn roughly $89 billion in investor demand for its debut US bond sale, Bloomberg reported on Tuesday, setting the stage for one of the largest investment-grade offerings this year. The company is seeking to raise between $20 billion and $2…

Stark Defence raises €500M led by Sequoia and Founders Fund at a valuation above €3.5 billion
Stark Defence raises €500M led by Sequoia and Founders Fund at a valuation above €3.5 billion

Stark Defence, the Berlin-based strike drone startup founded in 2024, has raised €500 million in a round led by Sequoia Capital and Peter Thiel’s Founders Fund, Bloomberg reported on Monday. The deal values the company at more than three and a half bil…