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Europe is pouring tens of billions of public money into VC. The hard part is making it work
The European Investment Fund is raising a €15 billion fund of funds called ETCI 2 that aims to unlock up to €80 billion in scaleup funding across Europe. Germany’s WIN initiative is…
Nvidia’s Huang warns DeepSeek running on Huawei chips would be ‘horrible’ for the US
In short: Nvidia CEO Jensen Huang warned on the Dwarkesh Podcast that DeepSeek optimising its AI models for Huawei’s Ascend chips instead of American hardware would be “a horrible outcome” for the…
Anthropic’s Amodei meets Wiles and Bessent at the White House in first step toward resolving Mythos standoff
In short: Anthropic CEO Dario Amodei met White House Chief of Staff Susie Wiles and Treasury Secretary Scott Bessent on Friday in what the White House called “productive and constructive” talks over…
Palantir, Thales, and a startup are competing to build the FAA’s predictive air traffic AI
In short: The FAA is developing SMART (Strategic Management of Airspace Routing Trajectories), an AI system that would extend air traffic conflict prediction from 15 minutes to two hours, with Palantir, Thales,…
Cursor is raising $2 billion at a $50 billion valuation as AI coding tools become the fastest-growing software category
In short: AI coding startup Cursor (Anysphere) is in talks to raise at least $2 billion at a $50 billion valuation, co-led by Andreessen Horowitz, Thrive Capital, and Nvidia, nearly doubling its…
Three more senior executives leave OpenAI as the company kills its side quests
Summary: Three senior OpenAI executives, former CPO Kevin Weil, Sora head Bill Peebles, and enterprise CTO Srinivas Narayanan – departed on the same day as the company shuts down “side quests” including…
NVIDIA didn’t invest in Xanadu, but it made its CEO a billionaire anyway
Christian Weedbrook, the founder and CEO of Toronto-based Xanadu Quantum Technologies, became a billionaire this week without NVIDIA investing a single dollar in his company. His 46.4 million multiple-voting shares were worth…
Anthropic’s Amodei heads to the White House as Washington fights over Mythos access
Summary: Anthropic CEO Dario Amodei is meeting White House Chief of Staff Susie Wiles on Friday to negotiate access to Mythos, a frontier AI model that can identify and exploit thousands of…
Zoom partners with Sam Altman’s World to verify that meeting participants are actually human
Summary: Zoom has partnered with World, Sam Altman’s biometric identity company, to let meeting participants verify they are human using World’s Deep Face technology, which cross-references iris-scanned biometric profiles with live video…
Uber launches $5 doorstep return pickups for Uber Eats purchases across 5,000 US cities
Uber has launched a service that sends a gig worker to your door to collect items you want to return to a retailer, for $5 a pickup. The feature, called Return a…