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Teradata CEO cuts employee raises to fund AI investment as companies race to stay competitive

Cloud software company Teradata told over 5,000 employees to expect no raises this year as CEO Steve McMillan redirects salary budgets toward AI development. The move highlights a growing trend where companies prioritize AI investments over worker compensation, despite mounting evidence that many AI initiatives fail to deliver measurable returns.

Business2 sources

Teradata CEO cuts employee raises to fund AI investment as companies race to stay competitive

Business2 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Anthropic has filed confidentially for an IPO at a $965 billion valuation, edging ahead of OpenAI in a high-stakes race to go public. The rivalry between the two AI giants is accelerating innovation but also raising questions about balancing rapid growth with safety concerns. Both companies are warning about AI risks while simultaneously launching their most powerful models yet.

Business8 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Business8 sources

US and Japan launch $1 billion AI for science partnership through Genesis Mission

The United States and Japan have announced a five-year, $1 billion partnership to advance scientific technologies using AI. Each country will invest $500 million in the Genesis Mission initiative, focusing on quantum technologies, fusion energy, and biotechnology. The collaboration aims to accelerate research timelines and maintain technological advantage over China.

Policy2 sources

US and Japan launch $1 billion AI for science partnership through Genesis Mission

Policy2 sources

Trump Administration Eyes Equity Stake in OpenAI as Public Wealth Fund Takes Shape

President Trump confirmed discussions with AI companies about giving equity to the American public, with OpenAI at the center of talks. The Trump administration has been negotiating a government stake in AI firms, potentially seeding a Public Wealth Fund that could distribute AI-driven profits directly to citizens as concerns mount over job displacement and wealth concentration in Silicon Valley.

Policy25 sources

Trump Administration Eyes Equity Stake in OpenAI as Public Wealth Fund Takes Shape

Policy25 sources

Supabase raises $500M Series F funding at $10.5B valuation as AI agents fuel database explosion

Supabase has raised $500 million in Series F funding at a $10.5 billion valuation, doubling its worth in just eight months. The open-source database company credits vibe coding tools like Claude Code for explosive growth, with AI agents now deploying over 60% of new databases on its platform and total databases surging 600% year-over-year.

Startups4 sources

Supabase raises $500M Series F funding at $10.5B valuation as AI agents fuel database explosion

Startups4 sources

Canada unveils $2.3 billion AI strategy targeting 250,000 jobs but safety details remain unclear

Prime Minister Mark Carney launched AI for All, Canada's most ambitious national AI strategy committing $2.3 billion over five years. The plan targets 250,000 new jobs by 2031 and aims to boost business AI adoption from 12% to 60% by 2034. But critics point to a conspicuous gap: the strategy offers few concrete safety mechanisms, no hard timelines for new regulation, and no clear enforcement architecture despite calls from Pope Leo XIV for responsible AI governance.

Policy5 sources

Canada unveils $2.3 billion AI strategy targeting 250,000 jobs but safety details remain unclear

Policy5 sources

Generalist AI raises $400M at $2B valuation to scale general intelligence for robotics

Generalist AI has secured $400 million in robotics funding at a $2 billion valuation to advance its vision of general-purpose robotics. The round was led by Radical Ventures with participation from Nvidia, Bezos Expeditions, and AI pioneer Fei-Fei Li. Founded by former DeepMind scientists, the company's GEN-1 model demonstrates how AI foundation models for robot learning can handle complex physical tasks with adaptive intelligence.

Startups3 sources

Generalist AI raises $400M at $2B valuation to scale general intelligence for robotics

Startups3 sources

Ramp raises $750M at $44B valuation as fintech bets big on AI token spend management

Corporate expense management platform Ramp secured $750 million in Series F funding at a $44 billion valuation, nearly tripling its worth in just one year. The fintech startup is expanding beyond traditional spend management into AI token cost tracking, positioning itself as infrastructure for what CEO Eric Glyman calls the "third pillar" of corporate spending alongside people and vendors.

Startups4 sources

Ramp raises $750M at $44B valuation as fintech bets big on AI token spend management

Startups4 sources

Offroad Raises $7M to Deploy AI Agents That Automate Identity Security for Enterprises

Offroad emerged from stealth with $7 million in seed funding to tackle identity security challenges that have outpaced manual security efforts. The company deploys AI agents that autonomously investigate and remediate identity risks across human users, machine identities, and AI agents, gathering context from fragmented systems to resolve threats without adding more dashboards to security teams' workloads.

Startups2 sources

Offroad Raises $7M to Deploy AI Agents That Automate Identity Security for Enterprises

Startups2 sources

Kodesage Raises $6.6M Seed Funding to Modernize Legacy Enterprise Software with On-Premise AI

Kodesage has closed a $6.6 million seed funding round led by VentureFriends to accelerate on-premises app modernization with AI. The startup helps enterprises transform decades-old COBOL, PL/SQL and Oracle Forms systems into modern applications while keeping sensitive data within customer environments. The platform addresses a multi-trillion-dollar challenge facing regulated industries.

Startups2 sources

Kodesage Raises $6.6M Seed Funding to Modernize Legacy Enterprise Software with On-Premise AI

Startups2 sources

SpaceX IPO banks on orbital AI data centers to justify $1.77 trillion valuation

SpaceX is set for the largest IPO in history, raising $75 billion at a $1.77 trillion valuation. The company's ambitious plan centers on orbital AI computing infrastructure, with demonstrations planned for late 2027. Elon Musk claims the technology largely exists through Starlink satellites, but analysts value the company significantly lower, viewing the space data center vision as a high-risk bet on unproven technology.

Business12 sources

SpaceX IPO banks on orbital AI data centers to justify $1.77 trillion valuation

Business12 sources

Coralogix raises $200M betting AI agents need constant monitoring as autonomous systems scale

Israeli software monitoring startup Coralogix has secured $200 million in Series F funding to build infrastructure that monitors AI agents and autonomous software systems. The round values the observability platform at $1.6 billion and comes just 11 months after its previous raise, reflecting surging investor interest in AI infrastructure. With over 5,000 customers worldwide, Coralogix is expanding aggressively in India while preparing for profitability.

Startups2 sources

Coralogix raises $200M betting AI agents need constant monitoring as autonomous systems scale

Startups2 sources

AI music generator Suno raises $400M at $5.4B valuation despite ongoing copyright lawsuits

Suno, the AI music generation company, announced a $400 million Series D round at a $5.4 billion valuation—more than doubling its worth in six months. The generative AI music startup continues to face copyright infringement lawsuits from Sony, though Warner Music Group and Universal Music Group have settled and become licensing partners.

Startups6 sources

AI music generator Suno raises $400M at $5.4B valuation despite ongoing copyright lawsuits

Startups6 sources

Apoha raises $36M to teach machines how matter behaves using liquid wave form data

London-based deeptech company Apoha has emerged from stealth with $36 million in Series A funding to build Liquid State Intelligence, a new data layer that captures how molecules behave in real-world conditions. The company's VIBE platform has already identified high-risk antibody candidates with over 90% precision, working with partners like Boehringer Ingelheim to transform drug development, food science, and materials research.

Technology2 sources

Apoha raises $36M to teach machines how matter behaves using liquid wave form data

Technology2 sources

Megaport raises $594M to build distributed AI inference cloud across 1,100 data centers

Australian networking company Megaport secured four new AI infrastructure contracts worth $329M with US technology providers and launched a $594M capital raise to pivot from network plumbing to compute. The company plans to build a globally distributed AI inference cloud using Nvidia GPUs across its existing footprint of over 1,100 data centers in 31 countries.

Business2 sources

Megaport raises $594M to build distributed AI inference cloud across 1,100 data centers

Business2 sources

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