Yann LeCun is raising a massive €500 million for his new AI venture, AMI Labs, at a €3 billion valuation. The startup will focus on building “world models” for robotics and beyond, with a base in Paris.
The once high-flying e-bike company Rad Power Bikes has filed for Chapter 11 bankruptcy protection. It plans to continue operating while seeking a buyer for the business in the next two months.
Analysts at Morgan Stanley have increased their Apple stock price target from $305 to $315, maintaining an “Overweight” rating. They see upgrade potential from Apple Intelligence but warn that soaring memory costs present a significant challenge.
Meesho’s IPO has been a blockbuster, with shares rocketing 95% since listing. The rally has catapulted co-founder Vidit Aatrey into the billionaire club and highlights a record year for Indian public markets.
In a move highlighting the defense tech consolidation trend, German drone maker Quantum Systems has fully acquired autonomous trucking startup Fernride. The deal comes after Fernride raised an €18 million extension this year to build out its defense logistics use case.
A startup founded by ex-SpaceX engineers just got a major cash infusion to tackle global water scarcity. Vital Lyfe plans to use the $24 million to scale production of its autonomous water systems, aiming for a commercial launch in 2026.
The Technical University of Denmark’s new spinout fund, PSV Hafnium, has raised €60 million. Its mission is to commercialize hard science from Nordic labs, focusing on areas like quantum computing and clean energy, not just AI software.
Livestream shopping on TikTok saw a massive 84% year-over-year sales jump during the Black Friday and Cyber Monday period. Small businesses are now hiring full-time hosts and consulting with Chinese agencies to compete.
A new space startup is trying to build a cellular network for satellites. Apolink has chosen GomSpace to build the radio system for its first demonstration cubesat, aiming to launch in 2026 and eventually build a 32-satellite constellation.
StartupLab has closed its fifth fund at €32 million to back 20-25 pre-seed Norwegian tech startups each year. While the accelerator is seeing strong deal flow, political headwinds from a divisive exit tax are causing an exodus of notable companies.
