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Nuclear Startup Valar Atomics in Talks for $6 Billion Valuation After Power Milestone

Valar Atomics, a three-year-old startup that makes small nuclear reactors intended to power data centers and other industrial facilities, is in talks to raise $1 billion at around a $5 billion valuation before the investment, according to a person with knowledge of the deal. Sequoia Capital, which hasn’t previously disclosed an investment in Valar, has been in talks to lead the fundraising, which could be a mix of debt and equity, the person said.

China Memory Chipmaker CXMT Seeks $8.6 Billion in Shanghai IPO

Congress urges the Commerce Department to prohibit Apple from purchasing memory chips from the Chinese chipmaker.

Chinese Leader Xi Calls for “Open Source, Open Collaboration” in Shanghai AI Conference

Xi’s presence at the event further elevates AI development in Beijing’s strategic priorities.

Moonshot AI’s New Kimi K3 Challenges U.S. Frontier Models

One coding leaderboard ranks the new Chinese open-source model above Anthropic’s Fable 5.

Meta Plans To Hire Top AWS Executive

Dave Brown will join Meta in the coming weeks as the company ramps up its data center expansion.

Exclusive: Microsoft Preps Mythos-Like AI Bug Finder

The new product will use multiple AI models to sniff out software bugs and automatically fix the vulnerabilities.

Exclusive: Humanoid, UK-Based Robot Maker, Becomes a Unicorn

New investment at a $1.2 billion valuation marks the latest installment in the humanoid frenzy.

Netflix Reports Slowing Revenue Growth for Second Quarter

Shares of the company fell 8% in after-hours trading, to $68.40, its lowest point in two years.

Uber to Buy Germany’s Delivery Hero For Around $14 Billion

The acquisition sharply expands Uber's presence in Europe, and its food-delivery operation globally.

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Japan to Develop Homegrown AI Models With Nvidia’s Vera Rubin Chips

Nvidia is forging many partnerships as governments around the world accelerate their efforts to build their own AI capabilities.

Thinking Machines Lab’s First Model Gives Nod to Chinese Open Source AI

The startup says its new open-source model’s architecture design “largely follows” DeepSeek’s V3.

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TSMC Plans Another $100 Billion U.S. Investment as AI Demand Surges

Rising demand for advanced AI chips prompted TSMC to lift planned 2026 spending to as much as $64 billion and forecast revenue growth above 40%.

Nvidia Releases New Robotics AI Model

It’s another effort to diversify from data center chips.

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AWS Stops Selling Two Versions of Its Hardware For Private Data Centers

AWS is ending sales of two cloud hardware products that let customers process and analyze data in places like retail stores and factory floors.

SpaceX Shares Drop Below IPO Price

The stock has experienced significant volatility since its public debut in June.

Senior AWS Exec Dave Brown Departs

An Amazon commerce exec is taking his place.

Stripe, Advent Made Joint Offer to Buy PayPal

PayPal shares jumped 16% after news of the unsolicited offer.
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