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- London-based PhysicsX, which uses AI to design industrial parts such as jet engines and semiconductors, raised a $300 million Series C round led by Temasek at a valuation of $2.4 billion (Mark Bergen/Bloomberg)
- Spotify has contacted concert promoters about licensing music festival livestreams, as it pivots to video to become a one-stop shop for music fans (Lucas Shaw/Bloomberg)
- Fusion energy startup Helion raised a $465 million Series G led by Thrive Capital at a valuation of $15.5 billion, almost triple the valuation from its January 2025 round (Tim De Chant/TechCrunch)
- Hakeem Jeffries goes on Fox News and calls them out for ignoring GOP bigots
- As wealth managers grapple with AI calculations, the technology is, for now, easing their workload by taking over routine tasks, freeing up more time to advise clients (Bloomberg)
- only 26% of companies have a complete view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing (Wall Street Journal)
- Trump Melts Down and Leaves to Meet the Press When Asked for Evidence of Election Rigging
- At the early 2025 senior management meeting where Apple admitted its AI failures; Tim Cook became intimately involved in Apple’s AI roadmap around the same time (Mark Gurman/Bloomberg)
