Proxima Fusion Plans €140 Million Superconducting Tape Factory for Fusion Reactors
Proxima Fusion plans to build a €140 million ($162.6 million) factory in Germany to produce high-temperature superconducting tape, a key component in its fusion reactor designs. The project will give…
Anthropic’s Mythos 5 Escaped a Cybersecurity Test and Spent Hundreds of Pages Fighting CAPTCHA
Anthropic has disclosed a cybersecurity evaluation in which its Mythos 5 model gained unauthorized internet access and eventually uploaded malicious software to the public Python Package Index. Before it succeeded,…
Pocket FM Doubles Revenue Run Rate to $500 Million as AI Powers 93% of Its Catalog
Indian audio storytelling platform Pocket FM has doubled its annualized revenue run rate to $500 million over the past year as artificial intelligence takes on a larger role in content…
Bending Spoons Agrees to Buy Miro for $1.36 Billion, Far Below 2021 Valuation
Bending Spoons has agreed to acquire workplace collaboration company Miro for $1.36 billion in cash, giving the company an equity value of about $1.79 billion after accounting for its net…
Maven Robotics Emerges From Stealth With $100 Million to Scale Industrial Robots
Maven Robotics has emerged from stealth after raising $100 million from RoboStrategy, LocalGlobe, Vine Ventures and XTX Markets Ventures. The Santa Clara startup plans to build 250 third-generation robots and…
Google Agrees to Buy 1 Million Rice Methane Carbon Credits From Mitti Labs
Google has agreed to buy 1 million carbon credits from Indian climate-tech startup Mitti Labs through 2030, in what the companies say is the largest publicly announced agreement for credits…
IDScan Confirms Driver’s License Data Was Stolen in Cyberattack
Identity verification provider IDScan has confirmed that hackers stole driver’s license information and other government-issued identity data from its cloud systems. The disclosure comes about a week after reports linked…
Snapchat Launches Plans for Invitations, RSVPs and Real-World Events
Snapchat has launched Snapchat Plans, a new set of features for creating, sharing and managing real-world events with friends. Users can organize gatherings inside the app while keeping information such…
Mach Industries Raises Another $600 Million, Doubling Valuation to $3.7 Billion
Defense technology startup Mach Industries has raised another $600 million in a Series C extension, doubling its valuation to $3.7 billion in just three months. The new funding follows a…
U.S. Army Awards TERN $11.26 Million Contract for GPS-Free Vehicle Navigation
The U.S. Army has awarded Austin-based TERN an $11.26 million contract to deploy its GPS-independent navigation technology in military vehicles. The startup has not disclosed how many vehicles will receive…
Automattic Board Places Matt Mullenweg on Paid Leave, Names Mark Davies Interim CEO
The board of Automattic has placed founder and CEO Matt Mullenweg on paid leave against his wishes and appointed chief financial officer Mark Davies as interim CEO. The company confirmed…
OpenAI Adds AI Alignment Researcher Paul Christiano to Foundation Board
OpenAI has appointed AI alignment researcher Paul Christiano to the OpenAI Foundation board as the company faces renewed scrutiny over the safety and control of increasingly capable AI systems. Christiano…
Harvey Raises $550 Million at $15.5 Billion Valuation as Legal AI Funding Accelerates
Harvey has raised another $550 million at a $15.5 billion valuation, extending a rapid run of funding for the legal AI company. Diffusion and Lightspeed Venture Partners co-led the round,…
DOJ Expands Review of Fox’s $22 Billion Roku Acquisition With Second Request
The U.S. Department of Justice is taking a closer look at Fox Corporation’s planned $22 billion acquisition of Roku, sending both companies a formal request for additional information and documents.…