AI video startup Higgsfield is in talks to raise at a $5bn valuation
AI video startup Higgsfield is in talks to raise at a $5bn valuation

Higgsfield AI did not exist before March 2025. Fifteen months on, the video startup is in talks to raise money at a $5bn valuation, four times its worth at the start of the year. The company is seeking $300mn to $500mn, The Information first reported. …

Cross-border payroll runs on $200B and zero shared infrastructure
Cross-border payroll runs on $200B and zero shared infrastructure

Every year, more than $200 billion in employer-originated wages crosses international borders. The money moves through a patchwork of local banks, regional payroll vendors, and manual compliance processes. Anyone who managed international payments in 2…

Schneider Electric buys industrial-AI firm Cognite for $3.1bn
Schneider Electric buys industrial-AI firm Cognite for $3.1bn

Schneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves. Schneider Electric said on June 30, 2026 that it had agre…

Chamath’s AI coding startup 8090 raises $135M, and he’s CEO
Chamath’s AI coding startup 8090 raises $135M, and he’s CEO

Salesforce led the Series A, which 8090 announced this week. The pitch behind it is blunt. AI can already write code. The hard part is stopping enterprise software from falling apart as dozens of agents and engineers change it every week. TechCrunch fi…

Nvidia rival Etched raises $800M with backing from Jane Street and a TSMC-linked fund
Nvidia rival Etched raises $800M with backing from Jane Street and a TSMC-linked fund

AI chip startup Etched has raised $800 million and revealed that its backers include trading firm Jane Street and VentureTech Alliance, a venture firm with a strategic partnership with TSMC. The company, which designs chips specifically for running AI …

Rakuten satellite project to get up to $926m Japanese government grant
Rakuten satellite project to get up to $926m Japanese government grant

Japan has decided it does not want to depend on Elon Musk to keep its phones connected from space. The government is set to provide up to ¥150 billion, roughly $926 million, in subsidies to a consortium led by Rakuten Group to build a homegrown low-Ear…

Jon and Mindy Gray bet $55M on AI to catch cancer before it starts
Jon and Mindy Gray bet $55M on AI to catch cancer before it starts

A new institute at Penn’s Basser Center will use artificial intelligence and biomarkers to intercept hereditary cancers at their earliest stages, before they become disease. The idea behind the gift is unusual enough to need its own word. Most cancer p…

India’s Equirus weighs a fundraising round of up to $60m
India’s Equirus weighs a fundraising round of up to $60m

The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline. India’s capital markets have been busy enough lately to make the firms that arrange the deals …

China’s Nexchip seeks up to $890m in Hong Kong share sale
China’s Nexchip seeks up to $890m in Hong Kong share sale

Nexchip Semiconductor is China’s third-largest pure-play foundry, a sentence that until recently would not have led to a Hong Kong listing. It does now. The Hefei-based, state-backed chipmaker is seeking to raise up to HK$6.98 billion, or roughly $890 …

Google’s GV bets $30M on a stock exchange for space
Google’s GV bets $30M on a stock exchange for space

The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn. GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebe…