Nscale, the London AI-cloud company that owns its own power and data centres, is buying its way up the stack. It has agreed to acquire Anyscale, the startup behind the widely used Ray software. Bloomberg reported the deal at about $1.65bn. Nscale annou…
EY has built what it calls an “AI router,” a system that steers each task to the cheapest model that can handle it, in an effort to keep its own soaring AI bills under control. The tool, reported by Business Insider, is the Big Four firm’s answer to a …
The European Commission has opened the bidding to build up to seven AI “gigafactories,” vast computing hubs meant to give the bloc the raw power to train frontier AI models without depending on the United States. The call for tenders, launched today, i…
The stablecoin industry has long relied on a familiar trust model: accounting firms periodically review reserve balances and publish attestations weeks after the underlying data was collected. For an asset class that moves around the clock, that approa…
For decades, protecting privacy has meant one thing: stop personal data from leaking out. Gartner thinks that idea is about to break. By 2029, most privacy incidents will come not from leaked personal data but from what AI infers about people, the rese…
The race to build an AI “foundation model of the cell” has a fuel problem. The biological data needed to train one is scarce, messy and inconsistent. Relation Therapeutics thinks the answer is to manufacture that data itself, and GSK is paying up to $1…
Perceptron, a decentralised AI data network, today announced the successful close of its $6.5 million strategic round, bringing together leading Web3 investors, trading firms, ecosystem partners, and …
Enterprises are handing more of their work to AI agents. Onyx Security just raised $113m to make sure a human can still say no. The Israeli startup’s Series B, led by Bessemer Venture Partners, values it at about $640m, Calcalist reported. That is a se…
Procore’s AI can read a construction project’s paperwork. Now it is paying $845m to give that AI eyes on the actual site. The construction-software company said it will buy DroneDeploy, a reality-capture and robotics firm, for about $845m in cash, Proc…
For three years, the AI race has been a race for faster chips. Eliyan just became a $1bn company by pointing out that the chips are now too fast for their own wires. The Santa Clara startup said it closed an oversubscribed $145m Series C at a $1bn valu…