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INVESTORS AND FUNDING
WindBorne’s AI beats the government’s weather forecasts. Making money from them is the harder problem
WindBorne flies 600 balloons and runs an AI model that out-forecasts government agencies. Its $37 million Series B is a bet that AI can finally turn accurate weather into a business.
CHINA
Moore Threads plans a Hong Kong listing after its shares surged 420% since its Shanghai debut
The Beijing-based AI chipmaker reported revenue of 1.74 billion yuan in H1, up 147%. Founded by former Nvidia China executive Zhang Jianzhong, the company is filling the gap left by Nvidia's forced exit from the Chinese market.
BUSINESS
Myspace wants to sell you a feed without an algorithm. Brussels is about to make that mandatory anyway.
Tim and Chris Vanderhook have confirmed a relaunch built on Top 8, profile songs, and chronological posts. The differentiation may not survive contact with EU regulation.
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