SoftBank is reportedly seeking up to $100 billion from Middle Eastern investors for a new AI-focused fund. The firm aims to acquire established businesses to integrate AI, following a $30 billion investment in OpenAI and an $11.1 billion bond sale.
SpaceX is pursuing $40 billion in financing for Nvidia chips, including $30 billion in bonds and $10 billion in loans. Morgan Stanley estimates that AI infrastructure may require $1.5 trillion in external funding by 2028.
Microsoft and Nvidia launched the Surface Laptop Ultra, starting at $2,599. The device runs AI models locally, supported by a new security system called Microsoft Execution Containers. Meanwhile, Flock Safety plans to cut 18% of its staff, or 270 positions, following a valuation of $7.5 billion.
Firmus Technologies canceled its planned IPO, which targeted $5 billion in funding and a valuation over $30 billion. Only 42 megawatts of its 1-gigawatt capacity were operational. Additionally, OpenAI faced reports that its annualized revenue is $50 billion, rather than the previously cited $70 billion.
Manus, a startup owned by Butterfly Effect, secured over $500 million in funding after ending a $2 billion acquisition deal with Meta. Separately, Anthropic released its Claude Haiku 5.5 model, while Nvidia pledged $1 billion over five years for U.S. scientific research and infrastructure.
