In Brief

CoreWeave reportedly looks to raise $1.5B in debt as IPO disappoints

AI /

Data center operator CoreWeave is reportedly seeking a $1.5 billion debt deal after a disappointing IPO. According to the Financial Times, CoreWeave is holding a roadshow this week with bankers at JPMorgan for debt options. The company’s executives intend to use the meetings to gauge investor interest. New Jersey-based CoreWeave listed its shares in March, […]

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One of Elon Musk’s longtime VCs is suing his former employer after allegedly being fired

Venture /

Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, reports The New York Times.  Much of Raffaelli’s complaint concerns how Brookfield covered pandemic-related real estate losses and alleges the company fired him

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Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

AI /

Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to

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Meta taps former Google DeepMind director to lead its AI research lab

AI /

Meta has chosen Robert Fergus to lead its Fundamental AI Research (FAIR) lab, according to Bloomberg. Fergus had been working at Google DeepMind as a research director for nearly five years, per his LinkedIn. Prior to Google, he worked as a researcher scientist at Meta. Meta’s FAIR, which has been around since 2013, has faced

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OpenAI and the FDA are reportedly discussing AI for drug evaluations

Biotech & Health /

OpenAI has met with officials from the U.S. Food and Drug Administration to discuss the agency’s use of AI to speed up drug evaluations, Wired reported on Wednesday. According to the report, OpenAI and the FDA have discussed a project called cderGPT, which seems to be an AI tool for the Center for Drug Evaluation

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SpaceX’s Starlink has become a big benefactor of Trump’s tariff trade war, leaked memos show

Transportation /

SpaceX’s satellite internet service, Starlink, is directly benefiting from the Trump administration’s tariff trade war, according to leaked State Department memos obtained by the Washington Post.   The memos show the U.S. pushing countries to adopt Starlink. Some show that countries believe that doing so could help lubricate their U.S. trade and tariff negotiations. One memo

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Apple and Anthropic reportedly partner to build an AI coding platform

Startups /

Apple and Anthropic are teaming up to build a “vibe-coding” software platform that will use generative AI to write, edit, and test code for programmers, Bloomberg reported on Friday. The iPhone maker is planning to roll out the software internally, according to Bloomberg, but hasn’t decided if it will launch it publicly. The system is

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Microsoft CEO says up to 30% of the company’s code was written by AI

AI /

Microsoft CEO Satya Nadella said that 20%-30% of code inside the company’s repositories was “written by software” — meaning AI — during a fireside chat with Meta CEO Mark Zuckerberg at Meta’s LlamaCon conference on Tuesday. Nadella gave the figure after Zuckerberg asked roughly how much of Microsoft’s code is AI-generated today. The Microsoft CEO

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Citizen Lab says exiled Uyghur leaders targeted with Windows spyware

Security /

Unknown hackers last month targeted leaders of the exiled Uyghur community in a campaign involving Windows spyware, researchers revealed Monday.  Citizen Lab, a digital rights research group based at the University of Toronto, detailed an espionage campaign against members of the World Uyghur Congress (WUC), an organization that represents the Muslim-minority group, which has for

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Report: Adam Neumann’s Flow raises $100M+, more than doubles valuation to $2.5B

Startups /

Former WeWork CEO Adam Neumann has raised over $100 million in capital for his proptech startup, Flow, in a round that values that company at about $2.5 billion, Bloomberg reported on Thursday.  Citing anonymous sources familiar with the deal, Bloomberg reported that existing backer Andreessen Horowitz (a16z) participated in the financing. Neumann told Bloomberg that

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