Money & Moves

Latest Money & Moves on Megadose. AI news ranked, decayed, deduped.

42 recent items

  1. Sources: a group of banks is in talks to lend $15B to Nexus to build a Texas data center; Anthropic will lease it and Google has provided financial guarantees (Anissa Gardizy/Wall Street Journal)
    Techmeme ·
    Banks are discussing $15B in financing for an Anthropic-leased Texas data center backed by Google guarantees.
  2. Simile, which offers "agentic twins" of real people to assess companies' products, brands, and services, raised $200M led by Greenoaks at a $2B valuation (Sri Muppidi/New York Times)
    Techmeme ·
    Simile raised $200M at a $2B valuation for AI persona agents used to test products, brands, and services.
  3. Sources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 (Bloomberg)
    Techmeme ·
    Moonshot AI closed a $3.5B round at a $35B valuation and is planning a Hong Kong IPO as soon as 2026.
  4. Source: OpenRouter was recently generating ~$140M in annualized revenue, or ~$12M per month, up nearly 3x since April, making Stripe's $10B offer a big premium (The Information)
    Techmeme ·
    OpenRouter's revenue run-rate reportedly reached $140M, contextualizing Stripe's potential $10B acquisition offer for the AI model marketplace.
  5. Meta and BlackRock form a strategic venture to develop a 1GW data center campus in El Paso, set to cost ~$14B and bring capacity online starting in 2028 (Meta Newsroom)
    Techmeme ·
    Meta and BlackRock are backing a $14B, 1GW El Paso data center campus to expand AI compute capacity from 2028.
  6. Sources: Nvidia signs leases worth up to $50B for Hut 8's planned 1GW data center in Texas, hosting hundreds of thousands of chips; Hut 8 didn't name its client (Financial Times)
    Techmeme ·
    Nvidia reportedly committed up to $50B in leases for Hut 8’s Texas AI data center, expanding its infrastructure financing role.
  7. Cyera agrees to acquire Oasis Security for $1B to safeguard proliferating AI agents
    TechCrunch AI ·
    Cyera is buying Oasis Security for $1B, expanding its security platform around identity risks from proliferating AI agents.
  8. Sources: Nvidia has committed to invest $5B in Ilya Sutskever's SSI; the startup has previously raised about $3B in funding and was valued at $32B last year (Shirin Ghaffary/Bloomberg)
    Techmeme ·
    Nvidia’s planned $5B investment in SSI deepens its stake in frontier AI labs and values Sutskever’s startup as a major contender.
  9. Spain-based Multiverse Computing, which shrinks LLMs to reduce energy and compute costs, raised a $570M Series C at a $1.7B valuation (Amelia Isaacs/Pathfounders)
    Techmeme ·
    Multiverse Computing raised $570M to scale quantum-inspired LLM compression, signaling major investor demand for cheaper AI inference.
  10. Sources: Nvidia is in talks to provide a ~$250B backstop for OpenAI as part of a 10GW data center project that SoftBank is developing in Ohio (Wall Street Journal)
    Techmeme ·
    Nvidia may guarantee about $250B in financing for OpenAI-linked compute infrastructure, signaling massive capital commitments behind frontier AI scaling.
  11. Samsung announces a $200B+ contract to make chips for Broadcom through 2030, focusing on its 2nm and below process technologies for Broadcom's products (Hooyeon Kim/Bloomberg)
    Techmeme ·
    Samsung secured a $200B-plus Broadcom chipmaking contract through 2030, strengthening its advanced foundry position at 2nm and below.
  12. Meshy, whose AI-powered tech lets users generate 3D assets from text and image prompts, raised a ~$400M Series B at a $1.5B valuation (Abhinaya Prabhu/Tech Funding News)
    Techmeme ·
    Meshy raised about $400M at a $1.5B valuation for AI-generated 3D asset creation.
  13. Neocloud Fluidstack, which has partnered with Anthropic, announces that it raised an $830M Series A led by Situational Awareness at a $7.5B valuation in January (Maria Deutscher/SiliconANGLE)
    Techmeme ·
    Fluidstack disclosed an $830 million Series A at a $7.5 billion valuation, underscoring investor demand for AI compute infrastructure.
  14. Nvidia and SK Group unveil a $500B+ AI initiative that includes an SK Hynix partnership to secure next-gen memory supply for Nvidia and joint development of HBM (Reuters)
    Techmeme ·
    Nvidia and SK Group announced a massive AI infrastructure and memory partnership securing future HBM supply for Nvidia GPUs.
  15. Google says it has $811B in contracted future spending commitments as of June, up ~$500B from March, covering chips, data centers, electricity, and more (Davey Alba/Bloomberg)
    Techmeme ·
    Alphabet disclosed $811 billion in future infrastructure commitments, signaling a massive escalation in AI compute and data center spending.
  16. AMD and Anthropic sign an AI server deal worth tens of billions; Anthropic will buy up to 2GW of MI450 chips from H1 2027, and AMD will invest $5B in Anthropic (Wall Street Journal)
    Techmeme ·
    Anthropic committed to massive AMD MI450 capacity from 2027, while AMD will invest $5B in the frontier lab.
  17. Sources: Samsung may invest up to €1B in Mistral as part of a broader round valuing it at ~€20B, after previously backing the AI startup through its venture arm (Financial Times)
    Techmeme ·
    Samsung is reportedly considering up to €1B in Mistral funding, signaling a major strategic bet on Europe’s leading AI lab.
  18. Travis Kalanick’s robotics company raises $1.7B, led by a16z
    TechCrunch AI ·
    Atoms raised $1.7B from a16z and Uber, making Kalanick’s industrial AI robotics company a newly serious market contender.
  19. Cambridge-based CuspAI raised a $450M Series B led by Kleiner Perkins and NEA, and launched a coalition for AI materials discovery for chip and other industries (Bloomberg)
    Techmeme ·
    CuspAI raised a $450M Series B and launched an industry coalition for AI-driven materials discovery in semiconductors and related sectors.
  20. Sources: China's National AI Industry Investment Fund gained voting rights in DeepSeek by joining its $7.4B round; other investors like Tencent and JD got none (Bloomberg)
    Techmeme ·
    China’s state AI fund gained voting rights in DeepSeek’s $7.4B round, signaling unusually direct strategic influence over a major lab.
  21. Sources: Meta is in talks to rent computing power from its data centers to Anthropic in a deal that could be worth ~$10B over two years (New York Times)
    Techmeme ·
    Meta is reportedly negotiating a two-year, $10B compute rental deal with Anthropic, signaling major shifts in AI infrastructure supply.
  22. Sources: Coatue is leading a $3B investment in Databricks that values the data analytics software company at $188B, a 40% increase from its December valuation (Wall Street Journal)
    Techmeme ·
    Coatue is reportedly leading a $3B Databricks investment at a $188B valuation, reinforcing its position in enterprise AI data infrastructure.
  23. Fireworks, which helps developers access AI chips and open-source models, raised $1.5B at a $17.5B valuation and says it has exceeded $1B in annualized revenue (Jordan Novet/CNBC)
    Techmeme ·
    Fireworks raised $1.5B at a $17.5B valuation, signaling major investor demand for AI inference infrastructure.
  24. Filing: Elon Musk quietly bought Jacksonville, FL-based APR Energy, which operates mobile gas and diesel turbines similar to those used in Colossus 2, for ~$1B (Fred Lambert/Electrek)
    Techmeme ·
    Elon Musk acquired APR Energy for about $1B, tightening control over power infrastructure for large-scale AI data centers.
  25. Sources: DeepSeek is in preliminary talks with investors about raising new funds at a ~$71B valuation, after raising ~$7B at a ~$52B valuation at the end of May (Zijing Wu/Financial Times)
    Techmeme ·
    DeepSeek is reportedly discussing new funding at a $71B valuation, signaling continued investor demand after a massive May round.
  26. AI drug design startup Chai Discovery raised $400M led by Index at a $3.8B valuation, as it positions its Chai models as AI infrastructure for pharmaceuticals (Michael J. de la Merced/New York Times)
    Techmeme ·
    Chai Discovery raised $400M at a $3.8B valuation to build AI drug-design infrastructure for pharmaceutical companies.
  27. Singapore-based and Alibaba-backed video generation startup PixVerse says it closed a Series C extension to raise $439M total for the round, valuing it at $2B+ (Ivan Mehta/TechCrunch)
    Techmeme ·
    PixVerse raised a $439M Series C extension, valuing the Alibaba-backed video generation startup at more than $2B.
  28. Meta says it will spend an extra $40B on its 4,000-acre data center campus in Louisiana, aiming for 5GW+ of computing power, pushing the total cost beyond $250B (Riley Griffin/Bloomberg)
    Techmeme ·
    Meta is expanding its Louisiana compute campus with another $40B, targeting over 5GW and a total cost above $250B.
  29. Munich-based defense tech startup Helsing raised a $1.8B Series E from Dragoneer, Iconiq, and others at an $18B valuation; Germany made a €270M order this year (Mark Bergen/Bloomberg)
    Techmeme ·
    Helsing raised $1.8B at an $18B valuation, cementing defense AI as one of Europe’s hottest venture categories.
  30. SK Hynix opens up 14% at $170 after raising $26.5B in the largest ever US market debut by a foreign company (Kif Leswing/CNBC)
    Techmeme ·
    SK Hynix raised $26.5B in a Nasdaq debut, giving AI memory investors a major new public-market benchmark.
  31. Sources: Manus investors and management are discussing unwinding Meta's $2B buyout at the same valuation, with Tencent in talks to become the largest investor (Zijing Wu/Financial Times)
    Techmeme ·
    Manus may unwind Meta's $2B buyout as Tencent negotiates to become its largest investor, reshaping control of a prominent AI startup.
  32. MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)
    Techmeme ·
    MiniMax is pursuing up to $1.9B through a share sale and convertible bonds, signaling major capital demand among Chinese AI labs.
  33. Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (Bloomberg)
    Techmeme ·
    Z.ai is seeking a roughly $4 billion share sale after a massive stock rally, signaling major investor demand for Chinese AI labs.
  34. SK Hynix's IPO prospectus analysis, as it seeks to raise ~$28B on the Nasdaq: highly leveraged to HBM, extensive ties to China, and health and safety issues (Tim Culpan/Culpium)
    Techmeme ·
    SK Hynix is seeking a roughly $28B Nasdaq IPO amid surging HBM demand tied to AI infrastructure.
  35. AI chip maker SambaNova raises $1B at $11B valuation, 5 months after last mega round
    TechCrunch AI ·
    SambaNova raised $1 billion at an $11 billion valuation, underscoring investor demand for AI chip companies.
  36. Anthropic signs a 20-year, $19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity, with the first power delivery in H2 2027 (CNBC)
    Techmeme ·
    Anthropic committed $19B to long-term Kentucky compute capacity, underscoring frontier labs' escalating infrastructure race.
  37. SK Hynix launches a US share sale to raise ~$28B; the company plans to sell 17.79M new shares, with the specific price range expected to be revealed later today (Reuters)
    Techmeme ·
    SK Hynix is pursuing a massive US share sale to fund expansion as AI memory demand reshapes semiconductor markets.
  38. Shanghai-based AI chipmaker Biren raises ~$892.5M in a new share sale to boost GPU production; Biren's stock is up 150%+ since its January Hong Kong IPO (Ann Cao/South China Morning Post)
    Techmeme ·
    Biren raised about $892.5 million to expand AI GPU production, strengthening China’s domestic challenge to Nvidia.
  39. Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (Zheping Huang/Bloomberg)
    Techmeme ·
    Kuaishou’s AI video spin-off Kling AI raised $2 billion at a $15 billion valuation to expand AI video operations.
  40. Tripo AI, which is developing 3D foundation models and world models for use in games, raised $150M, a month after it said it raised $200M (Dean Takahashi/GamesBeat)
    Techmeme ·
    Tripo AI raised $150M for 3D foundation and world models, extending a rapid funding streak in game-generation infrastructure.
  41. Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to spend as much as $10B annually over the next few years (Dinesh Nair/Bloomberg)
    Techmeme ·
    MGX raised one of the largest AI investment funds ever, giving Abu Dhabi major capital firepower in AI infrastructure and startups.
  42. Microsoft launches its own AI deployment company with $2.5 billion commitment
    TechCrunch AI ·
    Microsoft committed $2.5 billion to launch an AI deployment company, expanding hyperscaler competition around enterprise AI implementation.