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INVESTORS AND FUNDING
CScale exits stealth with $145m to stop laser failures stalling AI
The Palo Alto startup builds optical interconnect for AI data centres. Nvidia and Intel Capital joined the round as its first strategic investors, taking total funding to $188m.
OPENAI
OpenAI seeks $30bn at a $1.4tn valuation as revenue nears $70bn
The OpenAI valuation was $852bn in March. The new round would bridge the gap to an IPO, which Sam Altman says will not happen this year.
CORPORATES AND INNOVATION
At a private AI retreat, the vendor told us the tool won’t save you
Zapier sells automation software to more than three million businesses. Its AI transformation playbook starts with roles, incentives and a $1.2m proof point, not the product.
GOVERNMENT AND POLICY
Zuckerberg drafted Trump’s AI accord, but Microsoft and Amazon didn’t sign
The idea came out of last week’s state dinner for Xi Jinping. The one-page Trump AI accord asks labs for four layers of safety controls, but sets no penalties and no timeline.
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