The world’s largest sovereign wealth fund lost NOK636 billion ($68 billion) in investment returns in the first quarter, driven by the equity slide among large US technology companies. The S&P 500 posted its deepest quarterly decline since 2022. The…
TCV led the Series B one year ago and now doubles down on the Series C. Insight Partners also returns. The thesis: AI coding agents are generating software so fast and at such volume that human code review is no longer sufficient, and enterprise artifa…
Nscale will construct the data centres at existing BT infrastructure sites; BT will provide connectivity. Both companies are founding members of the new UK Sovereign AI Industry Forum. The deal deepens Nscale’s position as a central plank of the UK gov…
The company will go negative on free cash flow for the rest of 2026, CFO Vaibhav Taneja confirmed. But Q1 delivered an unexpected $1.4 billion positive free cash flow beat, and Tesla ended the quarter with $44.7 billion in cash. The capex uplift from $…
The investment is Microsoft’s largest-ever in Australia and builds on an A$5 billion commitment from October 2023. It includes expanding Azure AI supercomputing capacity by more than 140%, extending the Microsoft-ASD Cyber-Shield to additional governme…
The round is split between €16M from Eiffel Investment Group for project deployment and €6M led by SET Ventures for product and expansion, alongside existing investors Ananda Impact Ventures and Contrarian Ventures. The company targets 100MW+ of BESS p…
Founded in 2022 and formerly called Constellation Technologies & Operations, Univity is targeting a constellation of at least 1,600 satellites in very low Earth orbit, using telecom operators’ own 5G mmWave spectrum rather than competing with them….
Summary: SpaceX’s confidential S-1 pre-IPO filing warns that its orbital AI data centre plans “involve significant technical complexity and unproven technologies, and may not achieve commercial viability,” contradicting Elon Musk’s January claim at Dav…
Summary: VAST Data raised $1 billion in a Series F at a $30 billion valuation, more than tripling from $9.1 billion, with Drive Capital and Access Industries co-leading and Nvidia, Fidelity, and NEA participating. More than $500 million is secondary ca…
Summary: Google announced at Cloud Next 2026 that Chrome is becoming an agentic workplace platform with Auto Browse (autonomous multi-step task completion), Chrome Skills (saveable AI workflows), a persistent Gemini side panel integrated with Workspace…