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Elon Musk, Jeff Bezos and Mark Zuckerberg are joining other business leaders at the White House on Tuesday for a lunch event on artificial intelligence. The event will be hosted by President Donald Trump, together with Mike Johnson, the Speaker of the House. Thirty-one people have confirmed their attendance, according to an RSVP list obtained […] This story continues at The Next Web https://ift.tt/ZNFgxRT Read full article: The Next Web

Nvidia is buying Hugging Face for $12.93bn, confirming a deal that had been reported for the past week. The chipmaker is acquiring the platform where much of the open-source AI community stores and shares its models, while promising to leave the platform itself largely unchanged. The price values the ten-year-old company at roughly 86 times […] This story continues at The Next Web https://ift.tt/HRToUa6 Read full article: The Next Web

JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway leased from bitcoin miner Bitdeer. JPMorgan has started sounding out lenders for a $5B debt […] This story continues at The Next Web https://ift.tt/MXYEl5J Read full article: The Next Web

Domyn has raised more than $1bn, which makes it one of the largest financings a European AI company has ever announced, yet only about a tenth of it is equity. The Milan company took roughly $1.1bn in total, split about 10% equity and 90% debt, according to Sifted. That structure is the story, because it is […] This story continues at The Next Web https://ift.tt/YQzU81R Read full article: The Next Web

Joshua Kushner’s Thrive Capital has bought roughly $215mn of Amazon shares, disclosed in a regulatory filing on Friday. It lands in the same week the firm told investors it is selling part of its OpenAI stake, in a company Amazon now owns close to 5% of. Joshua Kushner’s Thrive Capital has bought roughly $215mn of […] This story continues at The Next Web https://ift.tt/ts4qzaw Read full article: The Next Web

The US Securities and Exchange Commission has settled fraud charges against private-fund adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, in a case that reads like a cautionary tale about the frenzy for pre-IPO shares in marquee names. The regulator alleges that between April 2019 and December 2024 the […] This story continues at The Next Web https://ift.tt/eqK07ag Read full article: The Next Web

Revolut confirmed on Tuesday that a secondary share sale has valued the digital bank at $115 billion, a 53 percent jump from the $75 billion it reached in November 2025. The sale priced shares at $2,017 each, according to Bloomberg. The valuation makes Revolut the most valuable private fintech company in the world by a […] This story continues at The Next Web https://ift.tt/acJ3NeG Read full article: The Next Web

Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and the conversion of existing convertible bonds into equity, according to Bloomberg. Lightspeed Venture Partners and M&G Investments are participating in the round. The deal is designed to clean up Udaan’s balance […] This story continues at The Next Web https://ift.tt/8Yzks4I Read full article: The Next Web

Robinhood Markets is raising two billion dollars through a sale of convertible senior notes due October 2029, joining a surge of zero-coupon convertible issuance from technology companies betting that investors will accept no interest in exchange for equity upside. Goldman Sachs and JPMorgan are leading the offering, according to Bloomberg, with a greenshoe option that […] This story continues at The Next Web https://ift.tt/EnQrOcZ Read full article: The Next Web

Prometheus, the AI startup co-led by Jeff Bezos, has raised $12 billion in a funding round that values the company at $41 billion. Investors include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself. Total funding now exceeds $18 billion. The company is building what Bezos calls an “artificial general […] This story continues at The Next Web https://ift.tt/KBZm3kX Read full article: The Next Web

India has effectively frozen the approvals Starlink needs to begin commercial operations in the country. Security agencies under India’s Ministry of Home Affairs withheld final clearances after SpaceX allowed Starlink access inside Iran despite not having a licence to operate there, Bloomberg reported. The timing is awkward: SpaceX’s IPO, expected to raise $75 billion at […] This story continues at The Next Web https://ift.tt/SXJte9n Read full article: The Next Web

Anthropic updated its warning about unauthorized secondary market platforms selling its shares, cutting the list from eight firms to four. The revised version names only Open Door Partners, Unicorns Exchange, Pachamama, and Upmarket. Several of the most prominent names in private market trading, including Hiive, were removed. The original notice, published earlier this month, stated […] This story continues at The Next Web https://ift.tt/cU7g2y1 Read full article: The Next Web

Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies, in exchange for federal equity stakes in each recipient. […] This story continues at The Next Web https://ift.tt/DzObnfV Read full article: The Next Web

AcceleratorX, a new breed of startup accelerator purpose-built for AI founders opens Cohort 1 applications – offering startups unprecedented access to a pan-European network of 2,000+ marketing and communications professionals across 30 countries as real pilot clients from day one. Most AI startups don’t fail because they can’t build. In 2026, building has become cheap […] This story continues at The Next Web https://ift.tt/ogTjb4E Read full article: The Next Web

EMEA is already Anthropic’s fastest-growing region, with run-rate revenue up roughly 9x and large-business accounts up 10x year-on-year. The Milan office is the commercial operationalisation of an Italy strategy the company has been seeding politically through Rome. Anthropic will open a Milan office to anchor its expanding Italian commercial footprint. The Milan launch extends a […] This story continues at The Next Web https://ift.tt/0yGuCIS Read full article: The Next Web

The first invoices arrive in September. Meta wants the basis changed before they do. Meta has filed a judicial review against Ofcom over the way the regulator calculates fees and penalties under the UK’s Online Safety Act, the High Court was told on Thursday. The dispute is narrow on its surface and substantial underneath. Ofcom’s […] This story continues at The Next Web https://ift.tt/qzui2WA Read full article: The Next Web

Tuesday’s New York event added Claude Opus 4.7, a library of ~10 pre-built finance agents, an FIS-built AML investigator going live at BMO and Amalgamated Bank, and a Moody’s native app covering 600 million companies. The day after the $1.5bn Wall Street joint venture, the product side caught up. On Monday, Anthropic announced a $1.5bn […] This story continues at The Next Web https://ift.tt/05CxQVW Read full article: The Next Web

A new Bloomberg-Feroot investigation finds that nine of the 10 largest US health companies are still loading advertising trackers on the very pages where patients log in and register. The story keeps repeating because nothing has stopped it. There is, by now, a familiar shape to investigations of online tracking. A reporter or researcher loads […] This story continues at The Next Web https://ift.tt/6SOWawn Read full article: The Next Web

Two years after a brutal restructuring gutted Motional’s workforce and halted its commercial operations, the Hyundai-backed AV company is back on the Strip, still with a safety operator for now, but promising to remove one by the end of 2026. Uber and Motional have relaunched a commercial robotaxi service in Las Vegas, making all-electric Motional […] This story continues at The Next Web https://ift.tt/umXN6eC Read full article: The Next Web

Databricks is having one of those years that most enterprise software companies would quietly envy. The data and AI platform says it has reached a $5.4bn annual revenue run rate, growing 65% year over year, at a time when growth across the sector has cooled noticeably. For a private company, that pace is rare. And […] This story continues at The Next Web https://ift.tt/2bPJOl4 Read full article: The Next Web