Etched raises $700M at a $21B valuation led by Jane Street

Etched has raised $700mn at a $21bn valuation in a round led by Jane Street, doubling the $10.3bn it was worth on 23 July. It has also completed its first customer delivery, a rack shipped to Jane Str [...]

Meta Puts Perks Behind Paywalls: New Subscription Tiers Across Facebook, Instagram, WhatsApp

Meta's premium push arrives, targeting everyday users, AI enthusiasts and professional creators. [...]

Jensen Huang joins the Tsinghua University advisory board chaired by Tim Cook

The Nvidia CEO accepts a seat on Tsinghua’s School of Economics and Management board alongside Musk, Dell, Nadella, Zuckerberg, Dimon and Fink, days after travelling to China with Trump. Jensen Huan [...]

A Google engineer used internal search data to bet $2.7m on Polymarket. The DOJ has charged him.

Michele Spagnuolo allegedly traded under the handle ‘AlphaRaccoon’, netting $1.2m on Google’s Year-in-Search outcomes. It is the second federal criminal case tied to Polymarket. Federal prosecut [...]

Pentagon gives Dell a $9.7bn contract to consolidate Microsoft licences across the military

The five-year deal consolidates scattered Microsoft 365 and cloud subscriptions for the Defense Department, intelligence community and Coast Guard. Dell, not Microsoft, is the prime contractor. The US [...]

Musk walks back the Anthropic Colossus deal to a six-month lease

SpaceX did not commit to a multi-year lease of its Memphis Colossus 1 cluster to Anthropic, Elon Musk said on Wednesday, describing the agreement as 180 days with a 90-day mutual cancellation right. E [...]

Orbital Industries raises $50M Series B for AI-designed data-centre hardware

The London-and-San-Francisco startup, formerly Orbital Materials, has closed $50M led by Plural for PFAS-free cooling fluid and modular high-density compute infrastructure. Orbital Industries, the Lon [...]

Snowflake commits $6bn to AWS over five years, with Graviton chips at the centre

The five-year commitment is 2.4x larger than Snowflake’s 2023 AWS deal and lands as shares jump 38% on a Q1 earnings beat. The Graviton component is the part that matters strategically. Snowflake ha [...]

JD.com’s founder vows to protect 900,000 jobs from AI. His warehouse strategy says otherwise.

Liu Qiangdong’s pledge to safeguard JD.com’s workforce from automation sits uncomfortably with his own ‘unmanned era’ vision and a flagship warehouse already running on four employees. Liu Qia [...]