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Energy
Meta has joined the growing wave of tech giants investing in geothermal energy, announcing a partnership with XGS Energy to advance the development of a 150-megawatt geothermal power plant in New Mexico. While the specifics of the plant's location and financial terms remain under wraps, the move reflects
Artificial Intelligence (AI)
Mattel, the powerhouse behind beloved toy brands like Barbie, Hot Wheels, and Polly Pocket, has entered into an ambitious new partnership with OpenAI to bring generative artificial intelligence into the heart of toy-making and entertainment. This collaboration marks the first time OpenAI has teamed up with a toymaker, signaling a
Robotics
Coco Robotics, the Los Angeles-based startup revolutionizing last-mile delivery, has secured $80 million in fresh funding, further fueling its mission to transform urban logistics through zero-emissions robots. The funding round, announced Wednesday, saw participation from returning angel investors Sam Altman and Max Altman, along with prominent venture firms including Pelion
Automotive
General Motors (GM) announced on Tuesday a $4 billion investment across three U.S. manufacturing plants to increase production of both gas-powered and electric vehicles. The move comes as former President Donald Trump’s proposed 25% tariff on imported vehicles threatens to reshape the economics of the American auto market.
Artificial Intelligence (AI)
Vast Data, a fast-growing innovator in AI-optimized data storage, is seeking to raise a new funding round at a sharply higher valuation—targeting as much as $25 billion. This marks a significant leap from its $9 billion Series E valuation secured in December 2023. Though the deal is not yet
Business Insights
OpenAI has reached a major milestone, surpassing $10 billion in annual recurring revenue (ARR), a staggering figure considering it launched its first consumer product, ChatGPT, less than three years ago. The company’s financial performance underscores its rapid ascent as a dominant force in the artificial intelligence industry. The $10
Semiconductors
Qualcomm has announced its plan to acquire Alphawave Semi, a U.K.-based semiconductor company specializing in high-speed data center connectivity, for approximately $2.4 billion. The move signals Qualcomm's strategic push to deepen its presence in the data center and connected computing markets. In a statement, Qualcomm
Artificial Intelligence (AI)
Meta is reportedly in advanced discussions to invest over $10 billion into Scale AI, according to Bloomberg, a move that would mark the social media giant’s largest external artificial intelligence investment to date. The potential deal underscores Meta’s increasingly aggressive AI strategy and could become one of the
Robotics
In the not-so-distant future, your Amazon package may be handed to you not by a human, but by a humanoid robot leaping out of an electric delivery van. Amazon is developing advanced AI software to transform humanoid robots into mobile package couriers. These robots are being designed to ride inside
Military & Defense
Defense technology company Anduril has closed a landmark $2.5 billion Series G funding round, led by Founders Fund with a staggering $1 billion investment—marking the largest single check the venture firm has ever written. The round was massively oversubscribed, with demand exceeding available shares by over eight times,
Government
Anthropic has announced a new line of AI models—dubbed Claude Gov—tailored specifically for the unique demands of U.S. national security agencies. According to a company blog post, these models were developed through direct feedback from government clients and are designed to address real-world operational needs in areas
Artificial Intelligence (AI)
Amazon is making a significant move in the artificial intelligence arms race, announcing plans to invest $10 billion in new data centers in North Carolina. The investment is aimed at expanding the company's cloud and AI infrastructure, reflecting its deep commitment to staying at the forefront of generative