Funding Round and Valuation AI inference infrastructure provider Modal Labs is on the verge of closing a $750 million financing round led by Accel, according to a source familiar with the deal. The investment would value the company at $15.75 billion, more…
Financial Surge and Ambitious Infrastructure Spend Anthropic’s filing for what could become the largest public offering ever paints a picture of explosive revenue growth alongside steep losses. In 2025 the company posted an operating deficit exceeding $8 billion as spending on…
Strategic Rationale and Partnership AMD announced today that it will purchase World Labs, a leading developer of deep‑learning models designed to grasp physical reality, for $8.2 billion. World Labs explained the deal by stating that AI development required “close collaboration across…
Massive Capital Raise Highlights AI Data Center Costs Nscale, a British neocloud specialist, announced on Friday that it has locked in $3.36 billion in convertible notes ahead of its planned initial public offering later this year. The financing structure, which includes…
SpyCloud Study Reveals Widespread Credential Theft New cybersecurity research from SpyCloud shows that well over a thousand U.S. water and wastewater utilities are vulnerable to intrusion because malicious software is harvesting employee passwords and active session tokens, offering attackers an…
Massive Contracts Tied to Two Key Clients British neocloud specialist Nscale, which separated from Australian crypto miner Arkon Energy two years ago, has secured more than $103 billion in contracts, according to its IPO prospectus. Roughly 85 percent of that total stems…
Questions linger over DOGE’s massive Social Security data swipe More than a year after agents from the Elon Musk‑led Department of Government Efficiency (DOGE) dismantled federal agencies, uncertainty remains about the fate of highly sensitive Social Security data. A whistleblower…
