Polymarket Raises $300 Million Led by Fund Tied to Trump’s Son
Polymarket, the prediction market platform that became famous during the 2024 U.S. election, has raised about $300 million in a funding round led by an investment fund associated with Donald…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
Google Signs Record 396-Megawatt Geothermal Deal With Fervo
On September 1, Fervo Energy and Google announced a 396-megawatt geothermal power agreement, the largest single geothermal contract either company has signed. The 15-year deal covers power from a project…
SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise
SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…
FTC and 22 States Sue Amazon Over Hidden Ad Auction ‘Soft Floor’
The Federal Trade Commission and 22 states sued Amazon on August 31, accusing the company of quietly rigging its advertising auctions for more than seven years and overcharging more than…
Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal
Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…
Google’s Dreambeans Drops Subscription, Opens Free Testing
Google’s AI news app Dreambeans is giving up its subscription model and opening free testing, the company said in a product announcement. The app, which Google has described as a…
Equipment Giants Race to Hire Chip Talent in Korea
The job postings went up quietly, but the effect was immediate. ASML, Lam Research, Applied Materials and Tokyo Electron, the four companies that make the machinery used to manufacture advanced…
Nscale Secures Nearly $3 Billion for U.S. Data Center Campuses
On August 31, Nscale, a cloud infrastructure provider, said it had locked in financing commitments of roughly $3 billion to build two data center campuses in the United States. The…
