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Latest news
DEEP TECH
Quaise raises $134M to drill superhot rock with microwaves
Quaise Energy has raised a $134M first close of Series B, led by Prelude Ventures. It plans to drill kilometres down and vaporise rock with millimetre-wave beams.
AMAZON
Amazon returns to the bond market for at least $25bn to fund its AI build-out
The eight-part sale is Amazon’s biggest of the year, and the company has told bankers it does not plan to borrow again in 2026.
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.
OPENAI
OpenAI wins US clearance for a broad GPT-5.6 rollout after weeks of government testing
The Commerce Department has signed off on a wide release, ending a restricted preview that had held the model to about 20 vetted partners.
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