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    Startups and technology

    AI infrastructure startup Baseten raises $1.5bn at up to $13bn valuation as Blackbird makes its biggest-ever bet INVESTORS AND FUNDING

    AI infrastructure startup Baseten raises $1.5bn at up to $13bn valuation as Blackbird makes its biggest-ever bet

    Investors and funding

    Groq’s $650M raise: rebuilding after the Nvidia deal ARTIFICIAL INTELLIGENCE

    Groq’s $650M raise: rebuilding after the Nvidia deal

    Groq has confirmed a $650mn raise to rebuild itself as an AI inference cloud, six months after Nvidia paid out its investors and hired away its founder. The Groq $650M round is a bet that purpose-built chips still beat GPUs.

    Corporates and innovation

    Bending Spoons prices IPO at up to $1.62 billion, targeting $19 billion Nasdaq valuation CORPORATES AND INNOVATION

    Bending Spoons prices IPO at up to $1.62 billion, targeting $19 billion Nasdaq valuation

    The Italian software acquirer behind Vimeo, WeTransfer, AOL, and Eventbrite plans to market 58 million shares at $26 to $28, with about 60 percent coming as primary shares

    Government and policy

    UN urges AI firms to come clean on their environmental costs ECOSYSTEMS

    UN urges AI firms to come clean on their environmental costs

    A new United Nations report puts hard numbers on the carbon, water and land that artificial intelligence is starting to consume, and asks who pays.

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