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September 28, 2025, 1:45 AM
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| FinSMEs: |
Manas AI, the AI drug discovery startup founded by Reid Hoffman and researcher Siddhartha Mukherjee, raised a $26M seed extension after a $24.6M seed in January — Manas AI, a NYC-based AI native drug discovery and development company, raised $26M in Seed extension funding.
More: Business Wire, VC News Daily, and Pulse 2.0
| Financial Times: |
Sources: AI image generation startup Black Forest Labs is exploring raising $200M-$300M at a $4B valuation, after a prior undisclosed round at a $1B valuation — Black Forest Labs explores raising between $200mn and $300mn — A secretive, one-year-old German artificial intelligence start … | Arasu Kannagi Basil / Reuters: |
Fermi, a data center real estate investment trust co-founded by former Energy Secretary Rick Perry, aims to raise $550M in a US IPO at a $13.16B valuation — Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion in its U.S. initial public offering …
More: Investing.com, The Economic Times, Associated Press, Newsweek, Fermi America, The Information, Fast Company, DatacenterDynamics, Financial Post, and NewsMax.com
X: @marketsbriefing, @ipotweet, @qcapital2020, @accessipos, @lamonicabuzz, @listingtrack, @fermiamerica, @newsweek, @ips_dc, @chairmanmeow42, and @jjay_dm. Bluesky: @ketanjoshi.co. Threads: @bloombergbusiness
| Bloomberg: |
A profile of Justin Sun, who was facing an SEC fraud lawsuit before investing $90M in Trump family cryptocurrencies and becoming a business associate of Trump — Justin Sun was facing an SEC fraud case, but $90 million of Trump coins later, he's doing business with the president's family.
More: CryptoPotato, BeInCrypto, Protos, ZyCrypto, and Coinpedia Fintech News
| The Information: |
Sources: data integration company Fivetran is in talks to acquire data management company dbt Labs in a deal valuing the combined entity at between $5B and $10B — Fivetran, a startup used by companies to manage and prepare data for analytics and artificial intelligence …
LinkedIn: Katie Roof
| Wall Street Journal: |
A look at the setbacks facing the US DOD's Replicator program that seeks to quickly produce low-cost drones and other autonomous weapons to counter China — The work is being shifted to a new organization, called DAWG, to accelerate plans to buy thousands of drones
More: Reuters, RealClearDefense, Ukrainian National News, Mashable, DroneDJ, DroneXL.co, and WebProNews
Forums: r/technology, r/LessCredibleDefence, and r/politics
| Lee Jung-joo / The Korea Herald: |
South Korea confirms that a fire at National Information Resources Service's data center, housing 647 government IT systems, directly damaged 96 of them — Covering social issues on Seoul, civil security, climate — The Ministry of Interior and Safety said Sunday that recovery work …
More: The Korea Herald, The Korea Herald, Reuters, CHOSUNBIZ, DatacenterDynamics, Agence France-Presse, Reuters, New York Times, CNN, The Independent, and Reuters
X: @koryodynasty, @koryodynasty, @gordongchang, @koryodynasty, @koryodynasty, @koryodynasty, @koryodynasty, and @gordongchang. Bluesky: @newsguy. Facebook: eNCAnews. Forums: r/korea
| Shirin Ghaffary / Bloomberg: |
OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW of capacity, with $35B going toward AI chips — Sam Altman and his partners intend to get creative to cover the growing cost of data centers and chips for AI. But first... Three things to know:| Eric Newcomer / Newcomer: |
Leaked a16z decks: $25B in net returns since its 2009 founding, including $11.2B in 2021, and 56 unicorn investments in the past 10 years, the most of any firm — The firm has held its $900 million 2012 Fund III at 9.4x net TVPI. — ∙ Paid — Andreessen Horowitz is perhaps …
X: @gkamstra, @ericnewcomer, @iamhenrymascot, @____nanakong, @luke_metro, @doodcapital, @amendandpretend, @sethbannon, @brandon_m_kumar, @gkamstra, @gthartley, @orenbarzilai, @ericnewcomer, @equityindallas, @wholemarsblog, @ericnewcomer, @daveg, @brentfranson, @oladayo_adenubi, @iamjakestream, @ctjlewis, @dennythedev, @danielmerja, and @jbsdc
| Lulu Yilun Chen / Bloomberg: |
A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024 — Ant International is using its vast data trove and AI engineering expertise to muscle into the overlooked yet lucrative world of global cash management.
More: Nikkei Asia. X: @wh75017 and @sachi_gkp. LinkedIn: Chris Zhang. Bluesky: @commercialsolarguy.com
| Jordyn Holman / New York Times: |
Q&A with Oura CEO Tom Hale on why many CEOs love its rings, competition from Apple, and more; Oura sold 2.5M rings in 2024 and expects $1B revenue in 2025 — Oura Health makes a pricey smart ring that busy executives, celebrities and others use to track health measures like their sleep patterns.
More: Men's Health
| Jyoti Mann / Business Insider: |
Leaked Meta internal document shows updated training protocols for its AI chatbot to refuse any prompts involving sexual roleplay with minors — - A leaked Meta document shows how its AI chatbot should respond to child sexual exploitation prompts. — It now says the chatbot should refuse …
More: Benzinga, Bloomberg, and Financial Express
Bluesky: @businessinsider.com and @hypervisible.blacksky.app
| Stephen Foley / Financial Times: |
Accenture, which laid off 11K+ employees in the past three months, warns of more cuts if workers cannot be retrained to have the skills needed for the age of AI — Group details $865mn restructuring programme and outlook reflecting sluggish corporate demand for consulting projects
More: The Economic Times and Trak.in
| Bloomberg: |
Google agrees to guarantee $1.4B of a $3B contract between AI computing startup Fluidstack and Cipher Mining, and gets the right to buy a 5.4% stake in Cipher — Alphabet Inc.'s Google has agreed to anchor a $3 billion data center contract with Cipher Mining Inc. in the latest tie up between …
More: Bloomberg, The Block, Cointelegraph, Cipher Mining Inc., Investor's Business Daily, Globe and Mail, The Block, Yahoo Finance, Globe and Mail, Seeking Alpha, Zacks Investment Research, Stocktwits, Analytics Insight, Blockworks, Fortune, DatacenterDynamics, Yahoo Finance, CoinDesk, The Block, CoinDesk, Decrypt, Disrupt Africa, Bitcoinist.com, CoinMarketCap Academy, Benzinga, Bitcoin Insider, Cryptonews, and The Crypto Times
X: @cipherinc, @coinbureau, @wublockchain, @cnbc, @joe_swanson057, and @javierhermosa21. LinkedIn: Oma Wilkie
| Brian Merchant / Blood in the Machine: |
A look at some California tech regulation bills, including one banning AI use in firing or disciplining workers, that await Gov. Newsom's signature or his veto — Hello friends, fam, and luddites - — Speaking of luddites, I was completely and pleasantly surprised to see the last post blow up.
More: The Tech Policy Press Podcast, Electronic Frontier Foundation, Truth on the Market, The Verge, and Politico
X: @jonhaidt, @eff, @rbensperry, @garrytan, @viacristiano, @dwaynephillips, @laweconcenter, @ctatech, @lorenasgonzalez, @joffemd, @rweingarten, and @taylordbarkley. LinkedIn: Cristiano Lima-Strong
| Maxwell Zeff / TechCrunch: |
X: @goaing117777, @garrisonlovely, @boazbaraktcs, @zamaan_qureshi, @ahmet_s_ozcan, @jachiam0, @scott_wiener, @sgandhi0, @janleike, @jeremyhl, @zeffmax, @geoffreynichil, and @zeffmax. LinkedIn: Nilesh Christopher
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