The massive spending on AI isn’t just flowing to Big Tech. Industrial equipment makers like Caterpillar and Cummins are seeing explosive growth by providing the crucial power generators for new data centers. Their stock prices are hitting records as demand for backup and primary power soars.
Cloud data backup startup Eon has raised a massive $300 million Series D, skyrocketing its valuation to $4 billion. The funding highlights the intense investor focus on data management platforms that serve the AI boom. But is the hype justified?
According to Forbes, RTX stock is near a key moving average, a signal that has preceded gains 71% of the time in the last decade. The company also just announced a strategic collaboration with Amazon Web Services.
Anaconda is bringing its open-source curation model to the AI world with AI Catalyst. The new suite offers a vetted catalog of models and tools designed to speed up development while tackling data governance and security headaches, especially in regulated industries. It’s launching on AWS now, with
Uber is launching a robotaxi service in Dallas today using vehicles from startup Avride. The service will start with human safety drivers and charge standard UberX rates. This is one of over 20 autonomous vehicle partnerships Uber has forged.
Fin, a startup from ex-Citadel engineers, just raised $17 million to build a global payments app using stablecoins. It’s targeting large transfers, like hundreds of thousands of dollars, that are clunky with traditional banks. The app plans to pilot with import/export businesses next month.
ING is launching a dedicated private markets business, aiming to connect alternative capital with corporate clients. The move follows a broader banking trend but comes with significant execution risks.
Stablecoins are hitting a wall as they try to go mainstream with enterprises. The very complexity they were meant to solve is back, but now it’s scattered across a maze of crypto rails. The industry’s answer? A new kind of clearinghouse.
Searchable, a new London-based startup, has secured €3.4 million in funding to tackle a growing problem for brands: disappearing in AI search. Its platform gives marketers a real-time view of how AI models recommend their brand, and it’s already generating six-figure revenue.
The latest Forbes 30 Under 30 Science list is out, showcasing young talent tackling problems from orbital chores to dark matter. A significant focus is on applying AI and robotics to free up human experts for deeper discovery.
