Physical Intelligence is reportedly in talks to raise $1 billion, again
The deal would effectively double the company’s $5.6 billion valuation in just four months.
Why SoftBank’s new $40B loan points to a 2026 OpenAI IPO
Wall Street giants JPMorgan and Goldman Sachs are extending a 12-month, unsecured loan to the Japanese conglomerate.
Maine legislature passes bill banning online sweepstakes casinos
Maine lawmakers have approved legislation that effectively shuts down online sweepstakes platforms that mimic casino gambling, marking one of the clearest state-level crackdowns yet on the fast-growing sector.
Detroit moves toward opposing prediction markets in Coinbase federal lawsuit
A federal judge has approved a procedural agreement in the ongoing dispute between Coinbase and Michigan regulators. This clears the way for Detroit to become the first U.S. city to formally challenge sports-related
Waymo’s skyrocketing ridership in one chart
Waymo’s weekly paid robotaxi trips have increased tenfold in less than two years.
Memory chip giant SK hynix could help end ‘RAMmageddon’ with blockbuster US IPO
SK hynix’s potential U.S. listing could raise $10-$14 billion to help it build more capacity, encourage others to follow, and end the ‘RAMmageddon’ memory shortage.
European Commission confirms cyberattack after hackers claim data breachÂ
The European Union’s top executive body has confirmed a cyberattack after hackers reportedly stole reams of data from the European Commission’s cloud storage.
Aetherflux reportedly raising Series B at $2 billion valuation
Index Ventures is said to be leading a $250 million to $350 million round.
Rivian gets another $1B from Volkswagen
The two companies have been collaborating on a joint venture that would see Rivian tech go in VW’s EVs.
Iranian hackers claim breach of FBI director Kash Patel’s personal email account
Handala, a pro-Iranian hacking group allegedly working for Iran’s government, published emails it said were taken from the Gmail account of FBI director Kash Patel.