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    Startups and technology

    Black Amazon logo with its orange smile arrow on the grey wall of a warehouse building, under a clear blue sky AMAZON

    Amazon in talks to buy Decart for about $7bn, WSJ reports

    Anthropic walked away from a $6bn deal for the startup in September. Decart, founded in 2023, was valued at nearly $4bn in May and already runs its own models on Amazon’s Trainium chips.

    Investors and funding

    Two smiling men sit on green chairs against a white slatted wall, one holding a Shiba Inu dog wearing a blue bandana INVESTORS AND FUNDING

    Modal raises $750M at $15.75bn valuation as run rate tops $1bn

    The AI cloud firm’s valuation has more than tripled since May, when it raised $355m at $4.65bn.

    Corporates and innovation

    Michael Atalla and Cristian Dina in Bucharest PODCASTS

    UiPath’s Michael Atalla on AI slop, junior jobs and a Shaolin monk’s advice

    Michael Atalla told the TNW Podcast that agents will not replace humans. He also explains why so many enterprise AI pilots never reach production, and what to pick instead.

    Government and policy

    A photonic switch chip mounted on a green circuit board, with white fibre-optic cables and metal clamping screws. ARTIFICIAL INTELLIGENCE

    Salience Labs raises $125M for optical AI switches, then expands in California

    The research is from Oxford and Munster, some of the money is British state money, and a British rival is already deployed on a third of the capital

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