The Next Web (2 hours ago)
Some investors are pushing back on the roughly $30bn valuation that British AI cloud company Nscale is seeking in its planned New York listing, Bloomberg reported on Sunday. A valuation of $16bn to $19bn would be more likely to attract buyers, a group of investors told Bloomberg.
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Claims that Uber misled TfL over its licence were thrown out because they were brought too late.
Tenstorrent, the AI chip company run by Jim Keller, has closed a $1.5bn Series E round at a $6.2bn post-money valuation, it announced on Monday. Trace Capital and Innovation X led the round. New and existing investors also took part.
A continued boom in late-stage and growth funding combined with a surge in seed-stage funding helped buoy venture investment in Latin America for the third quarter of 2026, Crunchbase data shows.
Enterprise AI companies relying on armies of forward deployed engineers are disguising labor-intensive services as scalable software, inflating recurring revenue and valuations while falling short of autonomy claims, argues Anurag Gurtu, co-founder and CEO of Airrived.
Norway’s Bulk Infrastructure Group wants a Canadian partner to own most of a planned subsea cable between Europe and Canada. The cable would avoid the US. Bulk’s founder, Peder Nærbø, set out the plan to Bloomberg on Monday.
Opaque Systems has developed technology that lets AI systems use sensitive data while keeping it protected by the underlying hardware.
Spanish launch company PLD Space announced that it has started system-level testing of its Miura 5 orbital rocket and has now built its first three vehicles.
Four AI agents running on Google’s Gemini 4 Argon have defeated the Ender Dragon, Minecraft’s final boss, without human help. It took them 27 hours and 14 minutes from their first program, Google DeepMind researchers wrote in a paper published on arXiv.
Disney expects to spend about $180m over three years on the Character.AI staff it is hiring, a bankruptcy court filing shows. The sum covers pay and retention. Character Technologies, which runs the chatbot platform, filed the papers in Delaware on 13 October.
Elon Musk’s pledge covers shares from his own stake, and he says it is only the first giveaway. He posted the pledge on X early on Monday, hours after Anthropic set out its own share plan. “Next year, I will give one of my SpaceX shares to every kid in America.
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