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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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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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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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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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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 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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KKR launches $10B AI infrastructure startup Helix, taps ex-AWS CEO Adam Selipsky to lead

KKR is making a $10 billion bet that the real bottleneck in artificial intelligence isn’t models or chips. It’s everything around them. The private equity giant has launched Helix Digital Infrastructure, a new standalone company built to supply the physical […]

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Chance raises $3.2M to build a superapp for Pokémon TCG collectors, blending trading, liquidity, and social community

Collectors don’t stop caring about their cards after they buy them. That’s where the friction starts. Storage, discovery, trading, and community all sit in different places, and the experience breaks down fast. A new game marketplace startup thinks it can […]

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Blue Owl sells half its SpaceX stake at $1.25 trillion valuation for 10x return, co-CEO says

Blue Owl is cashing in on one of its most lucrative bets. The alternative asset manager has sold roughly half of its stake in SpaceX at a $1.25 trillion valuation, turning an early investment into a 10x return. The update came […]

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Nvidia invests in AI legal startup Legora at $5.6B valuation, deepening push into agentic AI

Nvidia is tightening its grip on the next wave of AI by backing a fast-rising legal tech startup now valued in the billions. The chip giant’s venture arm, NVentures, has backed Swedish startup Legora at a $5.6 billion valuation, according to […]

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