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Key Takeaways Cronos and Amazon AWS are collaborating to advance tokenization and offer enhanced blockchain data via cloud infrastructure and AI tools. The initiative aims to support $10 billion in tokenized real-world assets and reach 20 million users by 2026. Share this article Cronos, a blockchain ecosystem backed by Crypto.com, has inked a deal with … Read more
Key Takeaways xAI, Elon Musk’s AI startup, has raised $10 billion at a $200 billion valuation according to CNBC. This represents a dramatic increase from its May 2024 valuation of $45 billion after a $6 billion Series B round. Share this article xAI, the AI startup founded by Elon Musk in 2023 to develop advanced … Read more
Prediction platform Polymarket is preparing for its latest funding round, with the potential to reach a valuation of $10 billion. Summary Polymarket is preparing for a U.S. debut with the latest funding round The company’s valuation could range from $3 billion to $10 billion Polymarket secured a green light to restart its U.S. operations after … Read more
The US Treasury is going after cyber scam operations in Southeast Asia that have quietly drained over $10 billion from Americans. In its latest move, it announced sanctions on 19 different entities tied to these scams, nine in Myanmar and ten in Cambodia. The focus is on schemes known as “pig butchering,” where victims are … Read more
Mercor, a startup that connects companies like OpenAI and Meta with domain experts needed to train and refine their foundational AI models, is in discussions with investors for a Series C round, according to a marketing document viewed by TechCrunch and two sources familiar with the deal talks. Felicis, a returning investor, is considering doubling … Read more
Investors are clearly bullish about former Salesforce co-CEO Bret Taylor’s AI agent startup Sierra. Sierra, which helps enterprises build customer service AI agents, announced it raised a $350 million funding round on Thursday. The round, led by earlier investor Greenoaks Capital, values the startup at $10 billion, according to a company blog post that confirmed … Read more
When Meta selected a site in Louisiana for its largest data center to date, it signed a deal with Entergy to power the site with three massive natural gas power plants. Yesterday evening, a state regulator approved Entergy’s plans. The power plants are expected to come online in 2028 and 2029, and at full strength, … Read more
YouTube continues to lead in the streaming market, with advertising revenue increasing by 13% year over year, according to Alphabet, Google’s parent company, in its second-quarter earnings report released on Wednesday. This growth brings YouTube’s total ad revenue to $9.8 billion, up from $8.7 billion in the same period last year. The company slightly exceeded … Read more
Solana’s recovery coincided with a similar increase in its DeFi TVL, which reached the highest level in six months. The latest crypto bull run boosted both Solana’s (SOL) price and DeFi ecosystem. On Monday, July 21, Solana’s total market cap once again crossed $100 billion, with SOL trading at $194.62 per coin. With a market … Read more
Thinking Machines Lab, the secretive AI startup founded by OpenAI’s former chief technology officer Mira Murati, has closed a $2 billion seed round, according to The Financial Times. The deal values the six-month-old startup at $10 billion. The company’s work remains unclear. The startup has leveraged Murati’s reputation and other high-profile AI researchers who have … Read more
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