A veteran asset manager is sounding the alarm on OpenAI’s finances, comparing CEO Sam Altman to Enron’s Jeffrey Skilling. The warning comes as experts predict the company could run out of cash in the next 18 months.
A Chinese AI startup called MiniMax saw its stock price more than double on its first day of trading. The frenzy highlights a huge appetite for AI plays among retail investors, but it also raises big questions about sustainability and the unique dynamics of China’s tech scene.
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.
