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Crusoe reportedly in talks to raise $3 billion, tripling its valuation
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ARTIFICIAL INTELLIGENCE
Weave’s $7,999 Isaac 1 bets home robots don’t need legs or fingers
Weave Robotics has launched Isaac 1, a wheeled, fingerless home robot that folds laundry and tidies up for $7,999, or $449 a month. It undercuts humanoid rivals like 1X’s Neo by design, betting that purpose-built machines will reach the home before general-purpose robots do.
BUSINESS
Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple
Erebor, the bank launched by Anduril founder Palmer Luckey and backed by Peter Thiel, is in talks to raise at a valuation of at least $8bn, roughly double where it stood at the end of last year. Deposits have nearly quadrupled to $4bn in three months, though its fast-tracked charter has drawn sharp questions in Washington.
ARTIFICIAL INTELLIGENCE
SAP freezes hiring and travel to shovel cash into AI
SAP has told staff it will freeze most hiring, halt non-essential travel and cut supplier spending to fund a “significant” AI push. The memo lands with Europe’s largest software company down about 33 per cent this year, as investors worry AI will erode demand for its core products.
APPLE
The chip industry has a warning for Trump: hands off the memory market
As the AI-driven memory shortage turns political, the semiconductor group SEMI has warned the Trump administration that steering prices or capacity would only deepen the squeeze. It wants long-term supply deals and tax breaks instead, and consumer tax credits to cushion rising phone and laptop prices.
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