Fusion startup Tokamak Energy attracts $125M for its egg-like reactor design

[ad_1] As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability. The latest exhibit: Tokamak Energy, a UK-based startup that’s working to refine its squeezed-doughnut approach to fusion power. … Read more

H, the AI startup that raised $220M, launches its first product: Runner H for ‘agentic’ applications

[ad_1] H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million, before releasing a single product. Three months later, still without a product, that splash started to look like a catastrophic flood when three of the company’s five … Read more

Norwegian startup Factiverse wants to fight disinformation with AI

[ad_1] In the wake of the U.S. 2024 presidential election, one fact became clear: Disinformation proliferated online at a startling rate, shaping Americans’ views about each candidate as well as a diverse set of topics, including public health, climate change, and immigration. Generative AI – with its ability to produce deepfakes in seconds and its propensity … Read more

OpenAI at one point considered acquiring AI chip startup Cerebras

[ad_1] OpenAI was at one point considering acquiring Cerabras, an AI chipmaking company that’s in the process of going public. According to new exhibits filed in Elon Musk’s ongoing lawsuit against OpenAI, OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras’ founding and just a few years after OpenAI … Read more

Chinese autonomous driving startup Pony AI seeks up to $224M in US IPO

[ad_1] Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction.   Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, … Read more

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