Google invests in Fervo’s $462M round to unlock even more geothermal energy
Fervo Energy’s Series E round will help the company build additional phases of its Cape Station power plant while beginning development on new sites.
The Download: China’s dying EV batteries, and why AI doomers are doubling down
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. China figured out how to sell EVs. Now it has to bury their batteries. In the past decade, China has seen an EV boom, thanks in part to government support. Buying an electric…
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Meesho’s $606M IPO pops as enthusiasm for India’s e-commerce startups rises
Meesho had a good first day as a public company, with its shares climbing as much as 46% from its issue price as investors jumped to grab a piece of the company built around small merchants and value-conscious consumers.
Fertility startup Inito wants to use AI-designed antibodies to expand at-home health tests
Inito has raised $29 million in new funding to invest in and develop AI-engineered antibodies that will help it offer new types of tests and improve the accuracy of existing ones.
Securing VMware workloads in regulated industries
At a regional hospital, a cardiac patient’s lab results sit behind layers of encryption, accessible to his surgeon but shielded from those without strictly need-to-know status. Across the street at a credit union, a small business owner anxiously awaits the all-clear for a wire transfer, unaware that fraud detection systems have flagged it for further…
How one controversial startup hopes to cool the planet
Stardust Solutions believes that it can solve climate change—for a price. The Israel-based geoengineering startup has said it expects nations will soon pay it more than a billion dollars a year to launch specially equipped aircraft into the stratosphere. Once they’ve reached the necessary altitude, those planes will disperse particles engineered to reflect away enough…
Investors Called This Pitch ‘Nearly Perfect.’ Was It Good Enough to Strike a Deal?
Find out on episode seven of ‘Entrepreneur Elevator Pitch.’
Coreweave CEO defends AI circular deals as ‘working together’
The CEO of the AI data center provider, which has Nvidia as an investor and a supplier, described the environment as a “violent change” in demand.
Unconventional AI confirms its massive $475M seed round
Led by Naveen Rao, the former head of AI at Databricks, the new hardware startup is valued at $4.5 billion.
Hinge CEO steps down to launch Overtone, an AI dating app
Overtone is described as “an early-stage dating service focused on using AI and voice tools to help people connect in a more thoughtful and personal way.”
Fal nabs $140M in fresh funding led by Sequoia, tripling valuation to $4.5B
The round, which was Fal’s third fundraise this year, also included a secondary sale for early investors, sources tell us.