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    Startups and technology

    Torus raises $500m to run AI on spare grid power at existing sites INVESTORS AND FUNDING

    Torus raises $500m to run AI on spare grid power at existing sites

    The Magnetar-led round backs Torus Foundry, units that put 1 to 20 megawatts of AI inference computing at existing sites within 12 to 16 weeks. Hydra Host is among the first customers.

    Investors and funding

    London’s Fractile raises $720M for memory-first AI chips and hits $7B valuation INVESTORS AND FUNDING

    London’s Fractile raises $720M for memory-first AI chips and hits $7B valuation

    Corporates and innovation

    Google Cloud launches Gemini for healthcare to take on hospital paperwork GOOGLE

    Google Cloud launches Gemini for healthcare to take on hospital paperwork

    Gemini for healthcare reads Epic and Oracle Health records, checks coverage and cites its sources, but cannot change a chart. GoodRx, UiPath and five other partners signed up the same day.

    Government and policy

    Microsoft turns on Claude by default in UK Copilot, The Register reports MICROSOFT

    Microsoft turns on Claude by default in UK Copilot, The Register reports

    UK Copilot admins must opt out by 9 December, as Anthropic processes the data in the US. Less than £1 in £6 of UK public sector tech spending stays British, IPPR says.

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