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Applied Digital wants power guarantees from Oracle and Meta, Bloomberg says

Italy fines Meta €805m over Facebook’s access to Android photos

FBI reportedly probes software update behind US flight ground stop

Alexander Rinke says Europe needs AI champions to share in the next wave of AI value

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Startups and technology

INVESTORS AND FUNDING

Lithuania’s Biomatter raises $18M for AI enzyme design

Astanor led the oversubscribed round for the Vilnius startup, whose AI enzyme design work counts AstraZeneca, BASF and Sanofi as customers. The money pays for a new lab and a bigger US push.

INVESTORS AND FUNDING
Torus raises $500m to run AI on spare grid power at existing sites
INVESTORS AND FUNDING
Graphon Labs raises $35m to give AI agents a memory that lasts
INVESTORS AND FUNDING
Mosaic raises $47m to build surgical machines that navigate blood vessels
INVESTORS AND FUNDING
Path Robotics raises $300m at a $2.45bn valuation for welding AI

Investors and funding

INVESTORS AND FUNDING

Nscale’s debt hits $5.5bn as it leans harder on Nvidia ahead of its IPO

Nscale’s IPO filing shows its Anthropic campus alone needs at least $30bn more. Nvidia’s share of its convertible financing is $2bn, twice what was first disclosed.

Corporates and innovation

CORPORATES AND INNOVATION

HubSpot brings back co-founder Brian Halligan as CEO to ‘refound’ it

Brian Halligan told Bloomberg he does not want HubSpot “swallowed up by a private equity firm”. Its shares have halved this year, and Adobe’s Karen Burgess will become finance chief.