The Next Web (1 hour ago)
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.
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Claims that Uber misled TfL over its licence were thrown out because they were brought too late.
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.
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.
Netflix will report its third-quarter results on Tuesday, October 20, as investors look for signs that viewers are spending less time on the service. Analysts expect revenue to rise 11.8% to $12.87bn, up from about $11.5bn a year earlier, according to LSEG data cited by Reuters.
A cybersecurity researcher watched a Chinese-speaking hacker break into the websites of more than 100 companies, leaving almost all the work to AI agents.
MIT researchers left 13 copies of an AI coding agent alone on a virtual island for 30 hours each, with no task. The agents climbed hills, drew pictures with blocks and made up games. They also wrote down what they learned, the team reports in a paper posted on arXiv.
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.
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