Medly AI raises $8m to put an AI tutor in front of every UK exam student
Investors and funding
Pennsylvania just made itself one of the hardest US states to build a data centre in
Government and policy
Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round
Investors and fundingLatest news
INVESTORS AND FUNDING
Relativity Networks raised $22mn to make AI’s fibre run at nearly light speed
Relativity Networks has raised $22mn and won a $40mn order from an unnamed cloud giant for hollow-core fibre, which carries light through air rather than glass. Its pitch: as AI data centres chase power across greater distances, the speed of light in the cable becomes a real constraint.
ANTHROPIC
Anthropic is targeting an IPO the size of the largest ever
A public filing could come within weeks, on revenue of $11.5bn in a quarter and a net loss of almost $42bn last year
ARTIFICIAL INTELLIGENCE
Slack launches Slack Code, where teams and AI agents build together
Slack Code gives teams a dedicated channel where AI agents write, review and ship software in the open. Claude, ChatGPT, Devin and Copilot are all founding partners, and the feature is free on every plan. TNW reported in May that Marc Benioff wanted coding inside Slack next.
CHINA
Chinese video platform Bilibili is expanding worldwide
Bilibili has dropped identity verification, is hiring community managers in London and Istanbul, and is courting Western creators, in a market where Brussels already fines Chinese platforms
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