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Artificial Intelligence (AI)
In a landmark move set to reshape Australia’s digital landscape, Amazon Web Services (AWS), the cloud computing arm of Amazon.com Inc., has unveiled a massive $13 billion (AU$20 billion) investment plan to bolster its data center operations across the country between 2025 and 2029. This marks the
Sales
Clay, a fast-growing sales automation startup, has raised a Series C funding round that values the company at approximately $3 billion, according to three sources familiar with the deal. The round was led by Capital G, Alphabet’s independent growth fund. Both Clay and Capital G declined to comment. The
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
Artificial Intelligence (AI)
Spanish startup Multiverse Computing has raised a staggering €189 million (~$215 million) in a Series B round, driven by excitement around its breakthrough in artificial intelligence model compression — a technology it calls CompactifAI. CompactifAI is a quantum-computing inspired compression method that can shrink large language models (LLMs) by up to
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
Energy
Fervo Energy, a leader in advanced geothermal technology, has secured $206 million in new financing to accelerate development of what could become the world’s largest enhanced geothermal power plant. The announcement, made Wednesday, underscores growing investor confidence in enhanced geothermal energy as a viable, scalable clean power source—particularly
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
Quantum Computing
In a landmark announcement that could redefine the future of computation, IBM has unveiled its ambitious roadmap to deliver the world’s first large-scale, fault-tolerant quantum computer—IBM Quantum Starling—by 2029. This development marks a critical inflection point in the journey from experimental quantum prototypes to practical, scalable quantum
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
Cloud Computing
In a bold move that underscores the escalating arms race for data infrastructure among tech giants, Amazon announced Monday that it will invest $20 billion into two massive data center complexes in Pennsylvania. One of the centers will be built adjacent to the Susquehanna nuclear power plant in the northeastern