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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.
GOOGLE
Alphabet borrowed $25bn for AI. Even it had to pay up
Alphabet borrowed $25bn to help fund its AI build-out, and investors offered it more than four times that. But it had to pay up, and it signalled this is now a twice-a-year habit.
BUSINESS
The ‘SaaSpocalypse’ was meant to kill Atlassian. It soared instead
Atlassian was meant to be a victim of the "SaaSpocalypse", the fear that AI would gut software companies. Its results, and a $250m bet by its own founder, argue the opposite.
GOVERNMENT AND POLICY
‘Data centres could be bigger than oil’: Trump’s pitch to Texas
In a wide-ranging interview, President Donald Trump called artificial intelligence "bigger than the internet by many times" and said data centres could one day be worth more to America than oil.
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