Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year’s mark
Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters.
Monday.com lays off hundreds to focus on AI
The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it focuses on its AI Work Platform.
Applied Computing wants to give oil and gas operators an AI model for the entire plant
Applied Computing has raised a $20M Series A to build a foundation AI model for the oil, gas and petrochemical industry.
Meta’s new AI chips will begin production in September
The company is taking a modular approach to designing these chips, anticipating that their needs will change as AI evolves rapidly by the time the chips are in production.
Blue Origin reportedly raising $10B at $130B valuation
Blue Origin is raising $10 billion at a $130 billion pre-money valuation from Coatue Asset Management, Bezos himself and other big-name investors, the New York Times reported.
Venice AI becomes a unicorn with $65M Series A as its privacy-first AI platform takes off
Venice AI is already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees said.
Netris raises $15M Series A from a16z to help AI neoclouds go live faster
Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.
Seedcamp raises $320M for its new fund to expand its US footprint
After 18 years of focusing on Europe, early-stage investor Seedcamp said that it has raised $320 million for its latest fund which will see it expanding its presence in the United States.
Robinhood’s note on 10% layoffs shows blaming AI isn’t cutting it
Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood’s CEO Vlad Tenev conspicuously made no mention of AI in…
Mistral is rumored to be raising €3B at €20 valuation
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.