Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. According to The Financial Times, the secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors. The tender offer […]
Elon Musk’s xAI reportedly looks to raise $300M in tender offer Read More »
From AI to EVs, demand for semiconductors is exploding, but silicon is hitting its limits. Making more efficient chips requires new materials, ones far less ubiquitous than sand, but the solution might be out there — literally. Space Forge, a U.K. startup headquartered in Cardiff, Wales, recently raised a £22.6 million (approximately $30 million) Series A
Space Forge raises $30M Series A to make chip materials in space Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought more than just Nvidia’s earnings reports; startups and VCs also had some news — quieter perhaps, but still worth paying attention to, especially where
Startups Weekly: AMD acquisition and other moves to scale AI startups Read More »
June 5 is almost here — bringing real, unfiltered AI conversations… and higher ticket prices. Lock in your savings now. Register now to save $300 on your TechCrunch Sessions: AI pass — and get 50% off for your +1. Don’t wait for rates to spike when event doors open. Join us at UC Berkeley’s Zellerbach
6 days left: Ready for some unfiltered AI truths at TC Sessions: AI? Read More »
For years, people have been worried — both rightly and otherwise — that electric vehicles could strain the grid to the breaking point. But as they spread, and as EV technology advances, some think these rolling battery packs could become a lifeline for the United States’ aging electrical system. “In the future, the electric vehicle will
Volteras wants to connect to more EVs than anyone else Read More »
AMD has acquired Enosemi, a startup designing custom materials to support silicon photonics product development. The terms of the deal, announced Wednesday, weren’t disclosed. Silicon photonics uses light — photons — to transmit data, offering a faster and more efficient alternative to traditional electrical communication. AMD and other chipmakers have shown an increasing interest in the
AMD buys silicon photonics startup Enosemi to fuel its AI ambitions Read More »
Context, a startup building an AI-powered office suite, on Wednesday announced that it raised $11 million in a seed round led by Lux Capital with participation from Qualcomm Ventures and General Catalyst. The round, which brings the company’s total raised to around $15.75 million, values Context at $70 million. Founder Joseph Semrai, a Thiel Fellow,
Context gets $11M to build an AI-powered office suite Read More »
Tech companies are betting heavily that nuclear power can help deliver the electricity they need to realize their AI plans. But data centers need power tomorrow, and the nuclear industry isn’t known for its speed. Trey Lauderdale thinks AI can give nuclear the speed that it needs. Lauderdale’s obsession with nuclear started close to home.
Atomic Canyon wants to be ChatGPT for the nuclear industry Read More »
Elon Musk’s brain implant startup, Neuralink, has raised $600 million in a funding round that values the company at $9 billion pre-money, Semafor reported, citing anonymous sources. Semafor did not mention the investors involved in the round. Neuralink last raised $43 million in venture capital, in November 2023, and was valued at about $5 billion
Elon Musk’s Neuralink raises $600M at $9B valuation Read More »
Hyperscalers and data center developers are in a pickle: They all want to add computing power tomorrow, but utilities frequently play hard to get, citing years-long waits for grid connections. “All the AI data centers are struggling to get connected,” Amit Narayan, founder and CEO of Gridcare, told TechCrunch. “They’re so desperate. They are looking
Gridcare thinks more than 100 GW of data center capacity is hiding in the grid Read More »
