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TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes rather than anything used for AI.
Broadcom has agreed to lend Anthropic up to $42bn to help pay for its AI infrastructure, Reuters reported on Thursday, citing Anthropic’s IPO prospectus.
Kanu AI has come out of stealth with $11.7m in funding. The Seattle startup builds software that runs inside a customer’s own cloud. Accel, BMW i Ventures and a16z speedrun joined a round led by Trilogy Equity Partners, the company said in a statement on Wednesday.
Restate, a Berlin startup founded by the creators of Apache Flink, has raised a $20m Series A. It builds infrastructure that keeps AI agents and backend software running through failures.
Metaview, a London and San Francisco startup that builds AI agents for recruiting, has raised a $60m Series C led by Insight Partners. GV, Intrepid Growth Partners, Seedcamp, Vertex Ventures US, Plural and Garuda Ventures also took part, the company said in a statement on Wednesday.
GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility.
OpenAI is in early talks to raise at least $30bn at a valuation of around $1.4tn, before the new money. Bloomberg and The Information reported the talks on Tuesday. The round would give the ChatGPT maker fresh capital after it pushed back its stock market listing.
Today, the company announced that PLD Space had entered into an agreement with CNES, the French space agency, and that both parties were considering building a second launch pad for PLD’s rockets at the spaceport in French Guiana.
Osavul, an AI startup that spots state-backed attacks before they happen, has raised €8.5M in a Series A round. 33N Ventures, a European cybersecurity fund, led the round, and it brings the total Osavul has raised to about €12m. Balnord, G+D Ventures and earlier backer 42CAP also put in money.
DIG Ventures, the London-based firm led by MuleSoft founder Ross Mason, has closed its third fund at $120M. Fund III will back around 30 European pre-seed and seed-stage startups that build software infrastructure for AI.
CScale, a Palo Alto startup building optical interconnect for AI data centres, has come out of stealth with $145m in Series C funding. The round takes its total funding to $188m, the company said in a statement on Wednesday.
Oura has postponed its Nasdaq IPO, citing “uncertainty in the IPO market”. The Finnish-founded smart ring maker said so in a statement on Tuesday, a week after it launched the offering. It said it is postponing “despite strong demand”, and gave no new date.
ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bought in for the first time.
Enterprise AI has moved from experimentation to a material line item. Companies can count tokens, licenses, agent runs and lines of AI-generated code. Yet many still cannot answer the question that determines what happens next: which AI initiatives are actually worth scaling.
London-based private equity firm Aspirity Partners has agreed to buy a majority stake in Onomondo, a Copenhagen firm that runs its own network to connect machines and sensors. The deal, announced on Wednesday, is part of a combined investment of more than €100m.
Nvidia has talked to insurers about taking on some of the risk of loans backed by its AI chips, the Financial Times reported on Tuesday. The talks are at an early stage and may not lead to any deals, according to the FT. TNW has not independently verified the report.
The AI industry will need about $6tn in annual revenue by 2031 to pay for the data centres being built today. Bain & Company makes the estimate in its Global Technology Report, published on Tuesday. Existing AI products could bring in only $1.2tn to $1.8tn of that.
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