ZuriQ, a Swiss quantum computing company spun out of ETH Zürich, has raised $25.5 million in a seed round to scale the trapped-ion processors it is building on a new two-dimensional architecture. The money builds on the $4.2 million pre-seed round the …
Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The backstop would let OpenAI lease a 10-gigawatt campus in southern Ohio that So…
Angola raised roughly $321 million on Monday by selling a 15% stake in Unitel, the country’s dominant mobile operator, in what Bloomberg reported as the largest initial public offering the nation has ever run. The proceeds go towards financing the stat…
Nvidia has taken a stake in a company with no product, no revenue and no plans to sell anything soon. Safe Superintelligence, the lab Ilya Sutskever founded after leaving OpenAI, said on Monday that Nvidia had made a “substantial” investment as part of…
Enigma, a robotics research lab less than a year old, is emerging from stealth with a $70 million seed round led by Index Ventures and Ribbit Capital, with participation from Sarah Guo’s Conviction Partners. The startup is not building a foundation mod…
Most of the money pouring into small nuclear reactors is chasing AI data centres. This round is chasing a date. Antares has raised $470mn, co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures joining…
A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction …
Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according…
Nuclear power usually arrives with a very large price tag and a very long wait. Nuclear Turbines, a Manchester startup spun out of BAE Systems, has raised £15M to argue that it need not be either, at a moment when nuclear power startups across Europe a…
Start with the number, because the number moved fast. Google has agreed to cover as much as $44bn of lease payments on data centres owned by other people, should the tenant default. It disclosed the figure last week. At the end of September the same co…