Insurance startup Corgi reportedly raised more money at $4B — its third round in eight weeks
Corgi had announced a B1 round of $106 million at a $2.6 billion valuation at the end of May.
AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model — no GPUs required, it says.
After shocking quarter, IBM insists that AI isn’t killing the mainframe
After IBM’s stock crashed last week on warnings of poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.
Arcee, a US open source AI lab, says Chinese models are not inherently dangerous
As Chinese AI models grow in capability and popularity among US companies, the arguing over what should be done about them has reached a fever pitch.
Trump’s latest AI czar has already resigned
The director role for the Center for AI Standards and Innovation (CAISI) has become a revolving door since David Sacks left his position as czar.
Databricks hits $188B valuation, extending its run as AI’s favorite second act
Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.
Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)
Ryan Beiermeister, who demonstrated cool analysis in the Founders Fund YouTube series “Mafia,” has joined the firm as a partner.
Daniel Ek’s body-scanning startup Neko Health raises another $700M
Neko Health has developed proprietary body-scanning technology, which it couples with bloodwork, to assess a person’s health.
OpenAI’s new flagship model deletes files on its own, people keep warning
A number of social media posts claim that GPT-5.6 Sol deleted files and data without warning. OpenAI had basically disclosed the problem in June.
David Beckham’s health drink startup IM8 takes $1B from General Catalyst’s unusual CVF fund
General Catalyst’s Customer Value Fund doesn’t make equity investments. It’s providing $1 billion for IM8, known for its longevity vitamin drink.