In a major move for cancer drug development, Amgen is buying Dark Blue Therapeutics for a deal worth up to $840 million. The acquisition centers on a novel therapy targeting a hard-to-treat form of leukemia.
Seattle fusion startup Avalanche Energy is raising a fresh $14.9 million, according to a new SEC filing. The company is pursuing a unique strategy with desktop-sized devices and multiple revenue angles, including a Pentagon contract. But the fusion industry remains a high-stakes, long-shot gamble.
Clover is integrating Wink’s face and palm payment tech, targeting sports venues and restaurants first. The move highlights a broader shift away from clunky security like CAPTCHAs toward seamless, biometric-driven commerce.
The cloud computing landscape is being reshaped by a new wave of startups focused on AI infrastructure and security. With IT spending forecast to grow nearly 10% in 2026, these companies are poised to capitalize on the demand for delivering AI quickly and at scale.
France is coordinating with European partners on a contingency plan regarding Greenland. This comes after the White House confirmed discussions about acquiring the strategic island, potentially using the U.S. military.
Abidur Chowdhury, a key designer on Apple’s new iPhone Air, is joining AI startup Hark as its head of design. The company, backed by $100 million from its founder, is aggressively hiring engineers from Big Tech for its first AI model launch this summer.
Vancouver-based Photonic has secured a major $131 million funding round, with new backers including Canada’s Royal Bank. The investment pushes the Microsoft-partnered quantum computing startup’s valuation “considerably” beyond $1 billion as it aims for commercialization.
Elon Musk’s artificial intelligence company, xAI, has secured a massive $20 billion in its latest funding round. The cash infusion is aimed at accelerating development of its Grok AI model and expanding critical computing infrastructure.
The AI benchmarking platform LMArena has seen its valuation triple to $1.7 billion in just eight months. The company raised $150 million in a round co-led by Felicis and UC Investments, with major VC firms like Andreessen Horowitz participating.
Phison has unveiled a new mainstream SSD controller designed to bring high-speed PCIe 5.0 storage to thinner devices. The E37T promises speeds up to 14.7GB/s and lower power consumption, targeting next-gen laptops and gaming handhelds. It gets remarkably close to the company’s more expensive flagshi
