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Meta hit with new copyright lawsuit over alleged use of pirated books to train Llama AI

A fresh legal fight is brewing over how AI models are built, and this time it puts Meta back in the spotlight. A group of major publishers, including Elsevier, Cengage, Hachette, Macmillan, and McGraw-Hill, has sued Meta Platforms in Manhattan […]

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Coinbase lays off 700 employees, or 14% of its workforce, citing AI shift and crypto market weakness

Coinbase is laying off about 700 employees, roughly 14% of its workforce, as the company reshapes itself around AI and braces for a softer crypto market. CEO Brian Armstrong framed the move as a reset, meant to make the company […]

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Crypto exchange Bullish to acquire Equiniti in $4.2B deal to bridge crypto and traditional markets

Crypto is trying to break into Wall Street. This time, it’s coming with paperwork. Bullish said Tuesday it will acquire Equiniti in a $4.2 billion deal, giving the exchange something the industry has long lacked: a regulated transfer agent that already […]

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Moment Energy raises $40M to turn used EV batteries into power for AI data centers

The rush to build AI is starting to hit a physical limit. It is not chips or models this time. It is electricity. Across the U.S. and Canada, data centers are drawing more power than grids were built to handle. New […]

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Peter Thiel-backed Panthalassa raises $140M to build wave-powered floating AI data centers

The race to build bigger AI models is running into a hard limit: power. A single training run can burn through as much electricity as thousands of homes, and new data centers are getting stuck in years-long queues for grid […]

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Anthropic teams up with Goldman Sachs and Blackstone on $1.5B AI venture to deploy Claude across private equity–owned firms

Wall Street is stepping deeper into AI, and this time it’s not just about funding models. It’s about putting them to work inside real businesses. Anthropic said Monday it is teaming up with Goldman Sachs and Blackstone to launch a […]

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Top Startup and Tech Funding News – May 4, 2025

It’s Monday, May 4, 2026, and we’re back with today’s top startup and tech funding news. Today’s rounds reflect a clear shift toward infrastructure that powers AI, defense, and real-world systems. From enterprise AI agents and customer data platforms to […]

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Kresus partners with Canton Network to accelerate institutional blockchain adoption

Kresus, a blockchain infrastructure company and implementation partner for the Canton Network, today announced a collaboration to help enterprises and organizations across industries design, build, and deploy blockchain applications in production, guiding them through every stage of the journey, from […]

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Bret Taylor’s AI startup Sierra raises $950M at $15.8B valuation as demand for AI agents surges

Sierra, the AI startup founded by Bret Taylor, has raised $950 million in new funding at a $15.8 billion post-money valuation, according to CNBC. The raise lands in the middle of a deal surge, as investors race to back companies […]

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KuCoin Launches PROOF Tomorrowland Edition with $500K Rewards and Chance to Attend Tomorrowland 2026

KuCoin is leaning deeper into the overlap between crypto trading and real-world culture, and this time it’s tying that push to one of the biggest music festivals on the planet. The exchange has launched KuCoin PROOF: Tomorrowland Edition, a new […]

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Blackstone targets $1.7B IPO for data center REIT as AI infrastructure boom accelerates

Blackstone is making a fresh move in one of the hottest corners of the market: the infrastructure powering artificial intelligence. The private equity giant is taking a newly formed investment vehicle public, aiming to raise just over $1.7 billion in […]

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Enzo Health raises $20M Series A to scale AI-powered platform for booming home health market

Enzo Health is betting that the future of care doesn’t sit inside a hospital—it starts at home. The AI startup has raised a $20 million Series A round led by N47, bringing its total funding to $26 million, at a […]

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SAP acquires Prior Labs in €1B to build next-gen AI for business data

SAP is making a bold call on where enterprise AI is headed—and it’s not betting on chatbots. The German software giant has agreed to acquire Prior Labs, a young startup focused on a niche many in AI have overlooked: structured […]

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Elon Musk admits xAI distilled OpenAI models as trial reveals last-minute settlement push

The courtroom battle between Elon Musk and Sam Altman is starting to pull back the curtain on how AI models are actually built—and the latest revelation could have far-reaching consequences. During testimony this week, Musk acknowledged that his startup xAI […]

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AI chip startup Cerebras targets $3.5B IPO on Nasdaq as AI race heats up, eyes $26.6B valuation

Cerebras is aiming to raise up to $3.5 billion in a Nasdaq listing, according to an updated prospectus filed Monday—a move first reported by CNBC. The company plans to sell 28 million shares priced between $115 and $125. At the […]

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AI agent forms its own U.S. company, gets EIN in first-of-its-kind breakthrough

An AI agent has crossed a line that, until now, belonged strictly to humans. It didn’t just write code or automate tasks. It formed a company. ClawBank, a project focused on building infrastructure for autonomous software, says its in-house agent, […]

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Pentagon signs AI deals with OpenAI, Google, Microsoft, and Amazon for classified networks, leaves out Anthropic

The Pentagon is opening its doors wider to artificial intelligence—and closing one, at least for now. On Friday, the Department of Defense said it has reached agreements with a group of major AI providers to bring their tools into its […]

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