HIVE Digital Technologies' AI subsidiary BUZZ HPC has secured a three-year, $220 million GPU cloud contract with Bell AI Fabric to support AI startup Cohere. The deal involves deploying 2,304 NVIDIA GPUs in British Columbia, expected to generate $70 million in annual recurring revenue and signifies HIVE's expansion into AI infrastructure.
General Intuition, an AI startup focused on training agents for spatial-temporal reasoning, is reportedly in talks to raise approximately $300 million. This funding round would value the company at over $2 billion and comes eight months after its $134 million seed round.
Odyssey, an AI startup focused on world models, has secured $310 million in Series B funding at a $1.45 billion valuation. Led by Natural Capital, with participation from Amazon and others, the company aims to advance AI beyond text-based models by simulating the physical world.
AI startup Anthropic is preparing for a potential $1 trillion IPO but faces government opposition. The US Commerce Department has blacklisted its new AI models, Fable 5 and Mythos 5, and the Department of War has migrated workflows away from its 'Claude' AI due to national security and military application concerns.
Coinbase is expanding its offerings to include stocks, ETFs, and options, aiming to become an "everything exchange." Meanwhile, SpaceX is acquiring AI coding startup Cursor for $60 billion in an all-stock deal to integrate it into xAI.
SpaceX's stock debuted on Nasdaq, reaching a $2.65 trillion valuation and displacing Amazon. The company raised $75 billion in its IPO, the largest in history, and announced a $60 billion acquisition of AI coding assistant Cursor.
Michael Truell, 25, co-founded AI coding company Cursor, which was acquired by SpaceX for $60 billion. A former MIT student, Truell's venture has become one of Silicon Valley's fastest-growing startups, with its technology used by 67% of Fortune 500 companies.
SpaceX has surpassed Amazon in market capitalization, becoming the world's fifth most valuable company after its stock market debut. The company also announced its intent to acquire AI coding app startup Cursor for $60bn, aiming to enhance its AI capabilities.
SpaceX has become the world's fifth-most valuable company, surpassing Amazon after its stock market debut. The surge follows an agreement to acquire AI coding app Cursor for $60 billion, aiming to boost its AI capabilities and leverage Cursor's user base.
SpaceX is set to acquire AI startup Cursor for $60 billion in stock, finalizing a deal initially announced in April. The acquisition, expected to close later this year, follows a partnership agreement where SpaceX committed to either a $10 billion investment or a full buyout.
South Korean AI startup Upstage announced plans to integrate its AI models, agentic services, and portal platform following its acquisition of AXZ, operator of Daum and Timely AI. The company aims to expand its offerings and reach a broader audience with "AI for everyone."
Pranjali Awasthi, inspired by her father at age seven, began interning in university labs at 13. She launched her AI startup Delv.AI at 15, which is now valued at ₹100 crore. She also co-founded Salshy, an AI email assistant, and completed her BS from Georgia Tech.
Meta is dismantling its $2B acquisition of Chinese AI startup Manus, halting data sharing and cutting off access to internal systems. This move complies with Beijing's divestiture order on national security grounds, underscoring China's control over sensitive tech. Manus co-founders may seek $1B to reclaim the startup.
Jeff Bezos' AI startup Prometheus has secured $12 billion in Series B funding, reaching a $41 billion valuation. The company aims to revolutionize global manufacturing by creating an 'artificial general engineer' to accelerate the design and production of physical goods, compressing timelines from years to potentially months.
Jeff Bezos's AI startup Prometheus has raised $12 billion in a new funding round, bringing its total to $18.2 billion and valuing it at $41 billion. The company aims to create an 'artificial general engineer' to accelerate invention and generate 'civilizational wealth,' focusing on compute-intensive applications in robotics and manufacturing.
Jeff Bezos' new AI startup, Prometheus, has secured $12 billion in funding, valuing the company at $41 billion. Co-led by Bezos and Vik Bajaj, Prometheus aims to develop an 'artificial general engineer' and AI-powered tools for designing physical products across industries like robotics and drug design.
Meta is unwinding its $2 billion acquisition of AI startup Manus following an order from Chinese regulators. The company has halted data sharing and operational ties, a move driven by China's tightening control over technology amid US competition.
Jeff Bezos' AI startup Prometheus has raised $12 billion in Series B funding, valuing the company at $41 billion. CEO Bezos stated the company is developing 'Artificial General Engineers' and plans to use Amazon Web Services.
Anthropic CEO Dario Amodei dedicates a significant portion of his time to maintaining company culture and alignment among its 2,500 employees. He emphasizes direct, unfiltered communication through biweekly "DVQ" meetings and active Slack channels to foster trust and shared goals as the AI startup grows and prepares for a potential IPO.
Korean AI startups Nnota, Twelve Labs, and Rebellions have announced significant achievements. Nnota's research on AI optimization was accepted at ICML 2026, Twelve Labs boosted GS Shop's sales with AI recommendations, and Rebellions hired a former diplomat to expand into the Middle East.
AI startup Decart has launched Oasis 3, an interactive world model capable of generating photorealistic driving environments in real time via API. The company aims to foster a developer ecosystem, similar to OpenAI's approach with language models, and targets autonomous vehicle companies and robotics applications.
NTT announced the establishment of the "IOWN AI Fund" on June 10th, aiming to invest in AI startups. The fund is expected to be around 80 billion yen, with over 20 companies considering investment.
An AI startup has raised $269.5M in an IPO to develop AI-driven nano-delivery systems for cellular reprogramming, aiming to reverse aging by restoring immune cell function, with the US leading global longevity investments at $8.49B in 2024.
Reid Hoffman leaves Microsoft's board after a profitable decade, including key investments in OpenAI and Inflection AI, to focus on his AI drug discovery startup Manus.
