The Next Web (1 hour ago)
Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December.
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The Pentagon has conditionally approved a $250 million loan to help 6K scale up its microwave-plasma battery material manufacturing process.
A few months after DOJ investigators were probing the deal, Fox just completed its $22B acquisition of the streaming giant Roku.
Physicl, a Paris-based start-up that creates training data for AI systems that work in the physical world, has raised $10M in seed funding. Inovia Capital led the round, announced on Friday, with U.S. Venture Partners also taking part. The company focuses on what researchers call edge cases.
Fox has officially closed its $22 billion acquisition of Roku, the companies announced on Friday. With Roku under its umbrella, Fox now controls a major streaming platform that reaches more than 100 million households in the US.
Barcelona-based Titan OS, which makes an operating system for smart TVs, has raised $46M (about €40M). Existing investors Highland Europe and Mangrove Capital Partners put in equity. Funds and accounts managed by BlackRock added a credit facility, the company announced on Wednesday.
Elon Musk said government contracts will make up less than 10% of SpaceX’s revenue this quarter, down from 16.6%. SpaceX now earns most from renting AI computing, with Anthropic its biggest customer, though Anthropic can exit from early 2027.
TSMC is considering making advanced memory chips and has begun drafting plans for 3D DRAM at Nvidia’s request, The Information reports. It would put TSMC up against Samsung, SK Hynix and Micron as AI demand keeps memory scarce.
Amazon is rolling out texting for Alexa for Shopping, its AI shopping agent, starting with invited US customers. It can find products, place orders and track prices by text. Sponsored products can show up in its replies, free to advertisers for now.
Tesla will stop making most Cybertrucks at its Texas factory around the middle of next year, chief executive Elon Musk said on Friday. The space will instead be used to build more Cybercabs, the company’s two-seat robotaxis.
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